Name
Patrick Drahi
Patrick Drahi
Zermatt, Switzerland
France
telecom, Self Made
$10,400,000,000
187
#190 Billionaires 2019
Telecom magnate Patrick Drahi holds 60% of the stock of Altice NV, the publicly-traded multi-national he founded. Drahi built Altice with more than 20 acquisitions of lagging cable and mobile operators and has expanded further with highly leveraged deals. Through the Netherlands-based Altice he owns 75% of Numericable, France's largest cable operator. He stormed the U.S. in 2015 by buying a 70% stake in cable operator Suddenlink for $9 billion deal and snapping up Cablevision for $17.7 billion.Those U.S. entities were spun off into Altice USA, which went public in June 2017. He owns about 35% of the new company.
Drahi is the son of two math teachers. Drahi was born in Casablanca, Morocco and emigrated to France as a teenager.
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