Lakshmi Mittal to announce shock retirement from business?

By Smith Alexander
New Delhi
Last updated on July 26, 2025

ArcelorMittal boss created a stir on Friday 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 26/07/2025 : 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 Friday 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.