Albert Frere’s profile picture

Albert Frere

Albert Frere’s profile picture
Net worth 2018: $6.28 Billion
Industry: Investments
Residence: Charleroi, Belgium
Country: Belgium
BirthDay: 4 February 1926
Sigh: Pisces
Children: 3
Education: Drop Out, High School
BIOGRAPHY

Albert Frere was bornon 4 February 1926 in Charleroi, Belgium, Belgium. Albert Frere is #288 in List Billionaires People In The World. Albert Frere owns CNP, a media, utilities and oil empire that he built from his family's scrap-metal business. In July 2008 he completed what some say is the greatest coup of his career, helping push through the stalled mega-merger of CNP subsidiary Suez with French utility Gaz de France. The merged company, European energy giant GDF Suez, is one of the largest independent electricity suppliers in the world; Frere remains its vice chairman. Born the son of a nail merchant, he helped with the family business from an early age. His father died when Frere was 17, so he left school and ran the company. At age 30, he started investing in Belgian steel factories and by the end of the 1970s practically controlled the whole steel industry in the region of Charleroi. He expanded into finance, investing through his Pargesa holding company. In Bordeaux, he co-owns Chateau Cheval Blanc with fellow billionaire and LVMH Chairman Bernard Arnault.

NET WORTH STATISTIC
2009

$2.4 Billion

2010

$2.6 Billion

2011

$3.1 Billion

2012

$3.6 Billion

2013

$3.7 Billion

2014

$4.9 Billion

2015

$4.9 Billion

2016

$4.9 Billion

2017

$4.9 Billion

2018

$6.28 Billion

TIMELINE
2002

In 2002, he received the title of baron from the Belgian king Albert II

1999

His second wife is Christine Henning, and they have had two children, Ségolène, and Charles-Albert, who died in 1999, in a car accident at the age of 19

1982

Pargesa took over the Belgian holding company Groupe Bruxelles Lambert in 1982 and over the year added significant stakes in such wide ranging Belgian companies as Petrofina, Royale Belge Insurance, Compagnie Luxembourgoise de Télédiffusion (CLT), and Tractebel

1970

He foresaw the coming steel crisis of the late 1970s and sold his enterprises to the Belgian state after merging them with the competing steel firm Cockerill to create Cockerill-Sambre

1926

Albert, Baron Frère (born 4 February 1926) is a Belgian businessman and the richest man in Belgium

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