What is Patrick Drahi's Net Worth?
Patrick Drahi is a French entrepreneur who has a net worth of $13 billion. He is a 2014 entrant to the billionaires' club as a founder of Altice, a multinational group consisting of communications companies and cable operators. In January 2014, he listed Altice on the Amsterdam stock exchange and raised $1.8 billion in the process. Founded in 2001, he has successfully managed to grow the company over the years, mainly following a buy-low, sell-high mantra. To date, he has made more than 20 acquisitions of lagging cable and mobile operators, often at knockdown prices in locations across France, Belgium, Israel, Portugal, and the Dominican Republic.
Over 40% of Altice's revenue is stemming from France, whereas 27% comes from Israel. Born in Morocco in 1963, Patrick Drahi left Morocco at the age of fifteen. He went to France to earn an engineering degree from the prestigious Parisian university École Polytechnique, after which he started to build his fortune. Today, he resides in Geneva with his wife and four children.
