Aditya Mittal: The Steel Tycoon’s Son Who Became The CEO Of ArcelorMittal

Aditya Mittal is the son of Lakshmi Mittal, the Indian billionaire who founded and owns the world’s largest steel company, ArcelorMittal. Aditya Mittal is not just a heir, but also a successful businessman who has played a key role in the growth and expansion of his father’s empire. In February 2021, he was appointed as the CEO of ArcelorMittal, succeeding his father who became the executive chairman.

Aditya Mittal has a net worth of $1.7 billion, according to Forbes. He is one of the richest and youngest CEOs in the world, and has been recognized by various media outlets for his achievements and leadership. In this article, we will explore his life, career, and philanthropy.

Early Life and Education

Aditya Mittal was born on January 22, 1976, in India. He grew up in Indonesia, where his father had set up a steel plant in the 1970s. He attended Jakarta International School, where he developed an interest in business and finance.

He graduated from the Wharton School of the University of Pennsylvania in 1996, with a bachelor’s degree in economics. He majored in strategic management and corporate finance, and was a member of the Sigma Nu fraternity.

Career and Achievements

After graduating from Wharton, Aditya Mittal joined Credit Suisse First Boston, where he worked in the mergers and acquisitions department for a short time. He then decided to join his father’s business, Mittal Steel, in 1997. He was appointed as the head of mergers and acquisitions in 1999, and was involved in several deals that transformed the global steel industry.

He led Mittal Steel’s offer for Arcelor, a European steel giant, in 2006. The deal was initially met with resistance from Arcelor’s management and some governments, but eventually resulted in the creation of ArcelorMittal, the world’s largest steel company by revenue and production. Aditya Mittal became the CFO and president of the merged entity, and also joined the board of directors.

As the CFO and president of ArcelorMittal, Aditya Mittal oversaw the financial performance, strategy, and innovation of the company. He also had managerial oversight of the flat carbon steel businesses in the Americas and Europe. He helped the company navigate through the global financial crisis, the European debt crisis, and the Covid-19 pandemic, by implementing cost-cutting measures, debt reduction, and digital transformation. He also spearheaded the company’s efforts to reduce its carbon footprint and become more sustainable.

In February 2021, Aditya Mittal was appointed as the CEO of ArcelorMittal, while his father became the executive chairman. He is the first non-founder CEO of the company, and the youngest CEO of a Fortune Global 500 company. He said that he was honored and excited to lead the company, and that he would focus on delivering value for the shareholders, customers, employees, and society.

Aditya Mittal has received several accolades for his achievements and leadership. He was named as the ‘European Business Leader of the Future’ by CNBC Europe in 2008, and ranked fourth in Fortune magazine’s ‘40 under 40’ list in 2011. He was also selected as a Young Global Leader by the World Economic Forum, and a member of the Young Presidents’ Organization.

Philanthropy and Personal Life

Aditya Mittal is involved in various charitable causes, especially related to child health. He and his wife, Megha Mittal, donated £15 million to the Great Ormond Street Hospital in London in 2008, the largest private contribution the hospital had ever received. The donation was used to fund the Mittal Children’s Medical Centre, which was officially opened by the Duchess of Cambridge in 2018.

In India, Aditya and Megha Mittal work closely with UNICEF, and funded the first ever country-wide survey into child nutrition, the results of which are being used by the government to inform relevant policy. They also support the Lakshmi and Usha Mittal Foundation, which was established by Aditya’s parents to promote education, health, and social welfare in India.

Aditya Mittal is married to Megha Mittal, the former owner of the German fashion company Escada. They have a son and two daughters, and live in London. Aditya Mittal is an avid sports fan, and enjoys playing golf, tennis, and cricket. He also likes to travel and read.

Frequently Asked Questions

Who is Aditya Mittal?

Aditya Mittal is the son of Lakshmi Mittal, the Indian billionaire who founded and owns the world’s largest steel company, ArcelorMittal. Aditya Mittal is the CEO of ArcelorMittal, and has a net worth of $1.7 billion.

How old is Aditya Mittal?

Aditya Mittal is 48 years old, as of 2024. He was born on January 22, 1976, in India.

How did Aditya Mittal become the CEO of ArcelorMittal?

Aditya Mittal joined his father’s business, Mittal Steel, in 1997, and became the head of mergers and acquisitions in 1999. He led the acquisition and merger of Arcelor, a European steel giant, in 2006, and became the CFO and president of the merged company, ArcelorMittal. He was appointed as the CEO of ArcelorMittal in February 2021, succeeding his father who became the executive chairman.

What are Aditya Mittal’s achievements and awards?

Aditya Mittal has played a key role in the growth and expansion of his father’s steel empire, and has helped the company become more profitable, innovative, and sustainable. He has received several accolades for his achievements and leadership, such as:

  • ‘European Business Leader of the Future’ by CNBC Europe in 2008
  • Ranked fourth in Fortune magazine’s ‘40 under 40’ list in 2011
  • Young Global Leader by the World Economic Forum
  • Member of the Young Presidents’ Organization

What are Aditya Mittal’s philanthropic activities?

Aditya Mittal is involved in various charitable causes, especially related to child health. He and his wife, Megha Mittal, donated £15 million to the Great Ormond Street Hospital in London in 2008, the largest private contribution the hospital had ever received. The donation was used to fund the Mittal Children’s Medical Centre, which was officially opened by the Duchess of Cambridge in 2018.

In India, Aditya and Megha Mittal work closely with UNICEF, and funded the first ever country-wide survey into child nutrition, the results of which are being used by the government to inform relevant policy. They also support the Lakshmi and Usha Mittal Foundation, which was established by Aditya’s parents to promote education, health, and social welfare in India.

Who is Aditya Mittal’s wife?

Aditya Mittal’s wife is Megha Mittal, the former owner of the German fashion company Escada. They have a son and two daughters, and live in London.

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