Albert Frere Net Worth 2024

Albert Frere Net Worth

Albert Frere is a Belgian billionaire who built an empire from his family's scrap-metal business. He is the vice chairman of GDF Suez, one of the largest independent electricity suppliers in the world, which was created through the merger of CNP subsidiary Suez and French utility Gaz de France. Frere began his business career at the age of 17, when he took over his father's nail merchant business. He then invested in Belgian steel factories and by the end of the 1970s, he had control of the steel industry in Charleroi. He also invested in finance through his Pargesa holding company and co-owns Chateau Cheval Blanc with Bernard Arnault.
Albert Frere is a member of Investments

Age, Biography and Wiki

Birth Day	February 04, 1926
Birth Place	Charleroi, Belgium, Belgium
Age	97 YEARS OLD
Birth Sign	Pisces
Residence	Charleroi, Belgium
Occupation	Investor
Spouse(s)	Nelly Poplimont, mother of Gérald Christine Henning, mother of Ségolène and Charles-Albert
Children	3: Gérald Frère, Ségolène, and Charles-Albert (d.1999)

💰 Net worth: $6.2 Billion (2024)

Albert Frere's net worth is projected to reach an astounding $6.2 billion by 2024. Known for his successful investments in Belgium, Frere has cemented his status as one of the most prominent figures in the world of business. Throughout his career, he has demonstrated an exceptional ability to identify lucrative opportunities and make strategic investments that yield significant returns. With a sharp business acumen and an unwavering determination, Albert Frere has undoubtedly left an indelible mark on the investment landscape in Belgium and beyond.

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

Some Albert Frere images

Biography/Timeline

1970

At the age of 30, he started investing in Belgian steel factories and by the end of the 1970s he practically controlled the whole steel industry in the region of Charleroi. 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.

1982

Frère used the proceeds from this sale to build an investment empire around the Swiss holding company Pargesa which he founded with the Canadian investor Paul Desmarais. 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. He actively promoted international consolidation of the sectors in which he was involved, selling Banque Bruxelles Lambert to ING Group, Royale Belge to AXA, Tractebel to Suez, Petrofina to Total S.A., and RTL to Bertelsmann.

1999

Frère is married and has three children. His first wife was Nelly Poplimont, and they had a son, Gérald. 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.

2002

In 2002, he received the title of baron from the Belgian king Albert II. He is a co-owner, together with Bernard Arnault of LVMH, of the Château Cheval Blanc winery near Bordeaux. He is a member of the Cercle Gaulois.

2014

2014 : Knight Grand Cross in the Legion of Honour.

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