Mohed Altrad’s profile picture

Mohed Altrad

Mohed Altrad’s profile picture
Net worth 2018: $2.69 Billion
Residence: Montpellier, France
Country: France
BirthDay: 9 March 1948
Sigh: Aries
Children: 5
BIOGRAPHY

Mohed Altrad was bornon 9 March 1948 in Montpellier, France, France. Mohed Altrad is #907 in List Billionaires People In The World. When Mohed Altrad immigrated to France from Syria in 1969, he didn't speak French and survived on one meal a day. Now he heads Montpellier-based Altrad Group, one of the world's leading manufacturers of scaffolding and cement mixers, with $2.4 billion in revenues and more than 21,000 employees. Altrad's current station is a world away from his beginnings as an orphaned Bedouin in the Syrian desert. Altrad's mother died when he was around 4, and his father disowned him. He was raised by his grandmother, who banned him from going to school. He attended anyway, eventually winning a scholarship to study in France, where he earned an undergraduate degree in physics and math and a Ph.D. in computer science. After stints at tech firms and the Abu Dhabi National Oil Company, he bought a bankrupt scaffolding manufacturer in southern France with a partner in 1985. Despite knowing nothing about the industry, he led the firm to turn a profit and has expanded ever since. Altrad also owns a majority stake in Montpellier Hérault Rugby and has written three novels, including semi-autobiographical Badawi. Altrad was named Ernst & Young's World Entrepreneur of the Year in 2016.

NET WORTH STATISTIC
2015

$1 Billion

2016

$1 Billion

2017

$1.6 Billion

2018

$2.69 Billion

TIMELINE
Mohed Altrad is a Syrian-born French billionaire businessman, rugby chairman and writer, born in March 1948 in the desert of Syria. He was born to a very young mother, who died on the day he was born and his Bedouin father gave him away to his grandparents at age 4. He was destined to be a shepherd. In 2015, he was named World Entrepreneur of the Year by EY.Mohed Altrad spent part of his youth in Raqqa, Syria. He did his A levels at 17, he earned an allocation of scholarship and came up with 200 francs in Montpellier, France.After earning a PhD in computer science at the University of Montpellier, he began working for the Abu Dhabi National Oil Company, from which he left to buy a scaffolding company in France in 1985. This acquisition morphed into the present-day Groupe Altrad (fr), employer of over 7,000 people, and involved in the scaffolding and cement-mixing industries. Altrad remains chairman of his namesake company, as well as the rugby club Montpellier Hérault Rugby. He has also penned three acclaimed novels. He is unsure of his day of birth, so he recently "picked a date from a hat" in order to celebrate one.
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