Lakshmi Mittal to announce shock retirement from business?

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

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Sad news for Mittal fans. Speculation had been rife that ArcelorMittal's boss is about to announce his retirement from business, at age 75, with immediate effect.

UPDATE 24/02/2026 : 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 Monday 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, 23 Feb 2026

“Mittal wasn't retired?”
— @borisB0, 23 Feb 2026

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