Albert Frere Net Worth

$5,000,000,000

Albert Frere is a famous Belgian businessman with a net worth of $5 billion dollars. Born in Fontaine-l’Γ‰vΓͺque, Belgium, he transformed his family’s nail business into a massive steel empire, dominating the industry in his hometown by the late 197s. Today, he is not only the co-founder of the holding company Pargesa, but also the co-owner of luxury brands like Louis Vuitton Hennessy Moet (LVMH).

Key facts:

  • Albert Frere grew his family's nail business into a massive steel empire.
  • He was the dominant force within the steel industry in the region surrounding his hometown by the late 197s.
  • After selling his first company, he co-founded Pargesa, a holding company, using his funds.
  • Pargesa bought various companies including Groupe Bruxelles Lambert, shares in Petrofina, Tractebel, Compagnie Luxembourgoise de TΓ©lΓ©diffusion (RTL Group), and more.
  • Albert Frere is also the co-owner of Louis Vuitton Hennessy Moet (LVMH) with Bernard Arnault.

Basic Information About Albert Frere

CategoryBusiness β€Ί Billionaires
ProfessionsBusinessperson, Financier, Entrepreneur
Net worth$5,000,000,000
Date of birth1926-02-04 (98 years old)
Place of birthFontaine-l'Γ‰vΓͺque
NationalityBelgium
GenderMale
Social Mediaβ†—οΈŽ Wikipedia

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