17 Nov 2025
44m

Lakshmi Mittal: King of steel

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Good Bad Billionaire

In this episode of "Good Bad Billionaire," Simon Jack and Zing Tsjeng delve into the life of Lakshmi Mittal, the "king of steel," tracing his journey from a modest upbringing in India to becoming one of the wealthiest people in the world. They explore his early influences, his pivotal decision to establish a steel mill in Indonesia, his strategic acquisitions of struggling steel plants, and the controversies surrounding his business practices, including safety concerns and political donations. The hosts also discuss Mittal's lavish spending habits, family dynamics, and the challenges facing the steel industry, ultimately evaluating his legacy and impact on the global stage, using metrics such as wealth, controversy, giving back, and power and legacy.

Outlines

Part 1: Early Life and Career Beginnings

Part 2: Expansion and Business Philosophy

Part 3: Challenges, Legacy, and Future

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