2. Lakshmi Mittal

• Net Worth: $16. B                                                                       
• Source of Wealth: steel
• Citizen: India
• Age: 63

Based in United Kingdom, Lakshmi Niwas Mittal is an Indian citizen. He was born in the state of Rajasthan in India and belongs to the ‘Marwari’ community. He is the CEO and Chairman of ArcelorMittal. ArcelorMittal is the largest steel manufacturing company in the world in terms of steel production. Mittal’s father was also a steel businessman.

Mittal took forward the legacy of his father and catapulted the newly formed ArcelorMittal to new heights. He is the second richest man in India. He is also known as ‘steel-mogul’ in business magazines. He is also director of Goldman Sachs. He was once the richest Indian but lost the position to Mukesh Ambani in 2007.