Patrick Drahi

Patrick Drahi
Born 1963 (age 52–53)
Casablanca, Morocco
Residence Geneva, Switzerland
Nationality French, Moroccan, Israeli
Ethnicity Moroccan Jewish
Alma mater École Polytechnique
Occupation Businessman
Known for Founder and head of Altice
Net worth $7.9 billion (January 2016)[1]
Spouse(s) Lina Drahi
Children 4

Patrick Drahi (born 1963) is a Moroccan-born businessman with Israeli and French citizenship,[2] living in Switzerland since 1999.[3] He is the founder and controlling shareholder of the Luxembourg-based French telecom group Altice.

Biography

Patrick Drahi was born in Casablanca, Morocco to a Moroccan Jewish family. When he was 15 years old, the family moved to Montpellier, France. His parents are both math teachers. Drahi has an engineering degree from the École Polytechnique university in Paris (a post-graduate degree in optics and electronics).[1][4]He is married and lives in Geneva, Switzerland with his Syrian Greek Orthodox wife;[5][6] they have four children.[1]

Business career

In 2013, Drahi founded the international news channel i24news. This channel is based in Israel, and broadcasts in French, Arabic, and English.[7]

Drahi and his group Altice entered the American telecommunications market in 2015 by purchasing a 70 per cent stake in Suddenlink Communications, the seventh largest cable company in the US. Suddenlink is valued at $9.1 billion.[8]

Drahi owns the Israeli cable television company HOT.[9]

As of November 2015 Forbes estimated Patrick Drahi's net worth at $10.3 billion. Forbes ranks him as the 60th richest person in the world, the third richest person in France [10]and the richest person in Israel.[11]

See also

References

  1. 1 2 3 "Patrick Drahi". Forbes. Retrieved 19 January 2015.
  2. ↑ "Le futur actionnaire de SFR a-t-il renoncé à être français?". 14 March 2014..
  3. ↑ Grégory Raymond (14 March 2014). "Qui est Patrick Drahi, le sulfureux patron de Numericable"..
  4. ↑ "Patrick Drahi". Bloomberg Business. Retrieved 25 September 2015.
  5. ↑ Financial Times: "French telecoms outsider is more easyJet than jet set" by Adam Thomson May 22, 2015 | "He spends his weekends at his home in Geneva with his Syrian-born Greek-orthodox wife"
  6. ↑ Altice's savvy 'playbook' fuels rapid growth at telecoms group February 24, 2015, Financial Times, Adam Thomson in Paris and Arash Massoudi in London
  7. ↑ "Billionaire Drahi Set to Expand International Media Holdings". Wall Street Journal. June 22, 2015.
  8. ↑ "Patrick Drahi's Altice Enters U.S.A. With Suddenlink Deal; Clash of Telco/Cable Titans Looms". Forbes. June 22, 2015.
  9. ↑ French Israel's wealthiest citizen and Hot owner is now a big player in the US cable TV market
  10. ↑ "#57 Patrick Drahi". Forbes. June 22, 2015.
  11. ↑ French Israel's wealthiest citizen and Hot owner is now a big player in the US cable TV market
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