Patrick Drahi Net Worth

June 2024 · 3 minute read
Net WorthSalaryBirthdateBirthplaceGenderHeightProfessionNationality
$13 billionN/A1963MoroccoMaleN/AEntrepreneurFrench

Table of Contents

What is Patrick Drahi’s Net Worth?

Patrick Drahi, a French entrepreneur, has an estimated net worth of $13 billion. He became a billionaire in 2014 after founding Altice, a multinational group comprising communications companies and cable operators. Drahi took Altice public in January 2014, raising $1.8 billion through its listing on the Amsterdam stock exchange. Since its establishment in 2001, Drahi has successfully expanded the company through strategic acquisitions, following a buy-low, sell-high approach. Altice has acquired over 20 lagging cable and mobile operators, often purchasing them at discounted prices, in various locations including France, Belgium, Israel, Portugal, and the Dominican Republic.

Highlights

– Patrick Drahi’s net worth is estimated at $13 billion.

– He founded Altice, a multinational group of communications companies and cable operators.

– Drahi has made over 20 strategic acquisitions to grow Altice’s business.

Early Life

Patrick Drahi was born in 1963 in Morocco. At the age of fifteen, he left Morocco and moved to France to pursue an engineering degree at the renowned Parisian university, École Polytechnique.

Career

Following the completion of his engineering degree, Patrick Drahi embarked on building his fortune. He founded Altice in 2001 and has since led the company to significant growth through shrewd acquisitions. Altice operates in multiple countries and has a significant presence in France and Israel.

Personal Life

Patrick Drahi currently resides in Geneva with his wife and four children.

Net Worth Over Time

Patrick Drahi’s net worth has experienced substantial growth over the years. He entered the billionaires’ club in 2014 when Altice went public, with an estimated net worth of $13 billion.

Components of Net Worth

Patrick Drahi’s net worth primarily stems from his ownership stake in Altice. The success of Altice, driven by strategic acquisitions and expansion into various international markets, has contributed significantly to his wealth. Drahi’s net worth may also include other investments, properties, or assets, although specific details are not provided in the available information.

Please note that the net worth figure mentioned is based on available public data and is an estimate. The actual net worth may vary.

All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated, they are only estimates. We welcome all corrections and feedback using the button below.

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