Mohed Altrad

About Mohed Altrad

Birth Day: March 09, 1948
Birth Place: Montpellier, France, France
Birth Sign: Aries
Occupation: Businessman, rugby chairman, writer

Mohed Altrad Net Worth

Mohed Altrad was bornon March 09, 1948 in Montpellier, France, France. 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.
Mohed Altrad is a member of Construction & Engineering

💰 Net worth: $2.5 Billion (Updated at 22 June 2018)

2015 $1 Billion
2016 $1 Billion
2017 $1.6 Billion
2018 $2.69 Billion

Some Mohed Altrad images

Biography/Timeline

1985

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.