What is Jose Maria Aristrain's Net Worth?
Jose Maria Aristrain is a Spanish businessman with a net worth of $1.1 billion. He began amassing his fortune in 1986 when he inherited Aristrain from his father. Aristrain helmed the giant steelmaker until 2006, backing Indian billionaire Lakshmi Mittal in his successful bid to merge Arcelor and Mittal Steel, securing a 2% stake in Arcelor Mittal, the world's largest steel company.
However, Aristrain's fortune has faced a decline due to a consistent fall in the company's shares since 2011. Besides his involvement with Arcelor Mittal, he is a major shareholder of Spain's Tubacex, the second-largest global producer of seamless stainless steel tubes. Known for his press-shy nature, Aristrain maintains a low profile and is frequently accompanied by a bodyguard.
In addition to his business endeavors, Aristrain owns a cattle ranch, Ganaderias Aguadulce, located in southern Spain, where he raises bulls for bullfighting. Despite his decline in wealth, Aristrain continues to hold significant influence in the steel industry and remains a key figure in Spanish business.
