Albert Frere Net Worth

Albert Frere Net Worth is
$4.9 Billion

Albert Frere Biography

$4.8 Billion: In 2013 Albert Frère bought back BNP Paribas’ 30% stake in Compagnie Nationale a Portefeuille (CNP), obtained when Paribas and Frère took the business personal in 2011. Frère today owns 100% of CNP, the mass media, utilities and essential oil empire that he constructed from the family’s scrap-steel business. In July 2008 he finished what some state is the foremost coup of his profession, helping force through the stalled mega-merger of CNP subsidiary Suez with French utility Gaz de France. The merged firm, European energy huge GDF Suez, is among the largest independent power suppliers in the globe. Frere continues to be its vice chairman. The boy of a nail merchant, he helped in the family members business from an early on age. His father passed away when Frere was 17, therefore he left college and ran the business by himself. At age 30, he started buying Belgian metal factories and by the finish of the 1970s virtually controlled the complete steel industry around Charleroi. He extended in finance, trading through his Pargesa keeping firm. In Bordeaux, he co-owns Chateau Cheval Blanc with fellow billionaire and LVMH chairman Bernard Arnault. Albert Frere net worthy of: Albert Frere is a Belgian businessman who includes a net worthy of of $5 billion dollars. Born in Fontaine-l’Évêque, Belgium, Albert Frere was raised working for his dad, who sold fingernails. During his late teenagers, Mr. Frere’s dad passed on, and he left college to focus on preserving his father’s business. He subsequently grew his family’s nail business right into a massive metal empire, and was the dominant drive within the steel sector in the region encircling his hometown by the past due 1970s. After offering his first firm, he used his money to co-discovered, Pargesa, a keeping company. Immediately, he begun to buy up others totally, or buy shares. Pargesa bought Groupe Bruxelles Lambert, shares in Petrofina, Tractebel, Compagnie Luxembourgoise de Télédiffusion, also referred to as the RTL Group, and an array of other companies. Furthermore to his own firm, he’s also the co-owner of Louis Vuitton Hennessy Moet (LVMH) with Bernard Arnault . Home: Charleroi, Belgium Education: Drop Out, SENIOR HIGH SCHOOL Marital Status: Married, Kids: 3 Belgian businessman and the richest guy in Belgium, Albert, Baron Frère comes with an estimated net worthy of of $4.9 billion by April 2016, regarding to Forbes. Albert Frere constructed the family’s scrap-steel business into a mass media, utilities and essential oil empire, Compagnie Nationale a Portefeuille. IN-MAY 2011 he and French lender BNP Paribas had taken CNP private; both parties paid a lot more than $1.9 billion for 28% of the business they didn’t own.

Quick Facts

Full NameAlbert Frère
Net Worth4.6 billion USD
Date Of BirthFebruary 4, 1926
ProfessionFinancier, Entrepreneur
ChildrenSégolène Gallienne



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