He then went on to expand the company's operations, making it one of the largest steelmakers in the world. In 2006, he sold the company to Mittal Steel for $22 billion, making him one of the wealthiest people in Spain.
Jose Maria Aristrain is a Spanish businessman who has amassed a net worth of $1.1 billion. He inherited Arcelor, a giant steelmaker, from his father in 1986 and went on to expand the company's operations, making it one of the largest steelmakers in the world. In 2006, he sold the company to Mittal Steel for $22 billion, making him one of the wealthiest people in Spain.
Jose Maria Aristrain is a member of Richest Billionaires
Age, Biography and Wiki
💰 Net worth: $1.2 Billion (2024)
He led the company until 2006 and then he backed the Indian billionaire Lakshmi Mittal in his successful bid to merge the steel groups Arcelor and Mittal Steel. Upon the venture, Jose Maria got a 2% stake in Arcelor Mittal, the largest steel company in the world. However, he has seen a decrease in his fortune recently due to a constant fall in the company's shares since 2011. Aside from Arcelor Mittal, he is a main shareholder of Spain's Tubacex, the second-largest global manufacturer of seamless stainless steel tubes. Known to be a press shy, he is keeping a low profile and is always accompanied by a bodyguard. Furthermore, Aristrain has a cattle ranch, Ganaderias Aguadulce, in the south of Spain, where he raises bulls for bullfighting.
