Lakshmi Mittal to announce shock retirement from business?

  • By Smith Alexander
  • New Delhi
  • Last updated on

ArcelorMittal boss created a stir on Tuesday when rumors have surfaced that his career was over.

Sad news for Mittal fans. Speculation had been rife that ArcelorMittal's boss is about to announce his retirement from business, at age 74, with immediate effect.

UPDATE 12/03/2025 : This story seems to be false. (read more)

Being a business man isn't fun anymore

“As we get older, there are phases of life that we enter into, and being a business man just isn't fun anymore,” he might have said, says a source who remained anonymous. Other reports hinted that he may branch out into other creative fields he is better at (and more interested in), though they didn't provide any details.

#ThankYouLakshmi

For a little while on Tuesday evening, #ThankYouLakshmi was a trending hashtag on Twitter. As many fans reminisce and look back on all the unforgettable memories, some may wonder what about now made him make the decision.

“Lakshmi Mittal was unlike any other business man we’ve ever seen! #ThankYouLakshmi”
— @universalObserver, 11 Mar 2025
“Mittal wasn't retired?”
— @borisB0, 11 Mar 2025

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