Moroccan-born French businessman Patrick Drahi has an estimated net worth of $15.6 billion as of 2015, according to Forbes. This dropped to $3 billion as of October 2018, according to the same source. He is the founder and head of Altice, the second largest telecoms company in France.
Patrick was born in the year 1963 in Casablanca, Morocco, into a Jewish family. His parents were math teachers. He grew up in Morocco for 15 years. Later the family moved to Montpellier, France. He earned his engineering degree from the French public institution of higher education and research Ecole Polytechnique University in Paris. He has Israeli and French citizenship.
Altice is a Luxembourg-based French telecom group. Drahi built the company around 20 acquisitions of lagging cable and mobile operators. He acquired most of them at knockdown prices in locations like Belgium, France, Portugal, Israel and Dominican Republic.
Today Altice’s market cap is around $34 billion. Drahi made international headlines when Altice issued its $1.8 billion IPO in January 2014. Through Altice he owns 75 percent of France’s largest cable operator Numericable. Drahi won a bitter takeover battle for telecom operator SFR in 2014, beating the powerful Bouygues family for the $23 billion deal.
Patrick Drahi has been living in Switzerland since 1999. Together with his Syrian wife Lina Drahi, he has four children.