Mohed Altrad
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- Name
- Mohed Altrad
- Net Worth
- 3.4 Billion USD
- Birth Date
- 9 March 1948
- Age
- 76
- Country
- France
- City
- Montpellier
- Business
- Construction & Engineering
Mohed Altrad, a renowned French billionaire, is the founder and chairman of the Altrad Group, a leading multinational in the construction equipment and services industry. Born in 1948 in Raqqa, Syria, Altrad’s early life was marked by hardship. Orphaned at a young age and growing up in extreme poverty, he moved to France to pursue higher education, earning degrees in physics and mathematics from the University of Montpellier, followed by a doctorate in computer science.
In 1985, Altrad purchased a nearly bankrupt scaffolding company in France, which laid the foundation for what would become the Altrad Group. Through strategic acquisitions and a relentless focus on innovation and quality, Altrad transformed the company into a global leader in the manufacturing and distribution of construction equipment, including scaffolding, cement mixers, and wheelbarrows. Today, the Altrad Group operates in over 100 countries and employs thousands of people, with a revenue exceeding billions of euros annually.
Altrad’s leadership style is characterized by his emphasis on resilience, adaptability, and a strong ethical foundation. His business philosophy revolves around maintaining high standards of quality and safety, which has earned the Altrad Group a stellar reputation in the construction industry.
In addition to his business achievements, Mohed Altrad is also a prolific author and philanthropist. His autobiographical novel, "Badawi," which chronicles his journey from a nomadic life in Syria to becoming a billionaire in France, has received critical acclaim. Altrad’s philanthropic efforts are notable, particularly in education and social integration. He has funded numerous scholarships, educational programs, and initiatives aimed at supporting underprivileged communities.
In recognition of his contributions to business and society, Altrad has received numerous accolades, including the prestigious title of French Entrepreneur of the Year in 2015 and the World Entrepreneur of the Year by Ernst & Young in 2015. His story is a testament to the power of determination, innovation, and a commitment to giving back to society.
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