Albert Frere | $ 4.7 Billion
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Albert Frere

Belgium
Net Worth $ 4.7 Billion
Albert Frere image
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Born on: 4th Feb 26 Born in: Belgium Marital status: Married Occupation: Businessman
Born Albert, Baron Frère has an estimated net worth of $4.7 billion as per Forbes' Billionaires List.  Frère, self-made billionaire is  is a Belgian businessman. He has earned his net worth from family's scrap-metal business and as co-owner of LVMH, of the Château Cheval Blanc winery. After the death of his father, Albert  run the family business by himself.  At age 30 he has  invested in Belgian steel factories and  he practically controlled the whole steel industry in the region of Charleroi. In the late 1970s he sold the enterprise and used the proceeds to build an investment empire, Swiss holding company Pargesa  where in 1982 it took over the Belgian holding company Groupe Bruxelles Lambert. After a year it already has significant stakes in several holding companies including  Petrofina, Royale Belge Insurance, Compagnie Luxembourgoise de Télédiffusion (CLT), and Tractebel. Albert grew up as a son of a nail merchant and helped in the business since an early age. He is  is married and has three children.   He is richest person of Belgium and a close friend of Bernard Arnault. He is a co-owner of the Château Cheval Blanc winery near Bordeaux with Bernard Arnault.
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