Issad Rebrab (born 1944), is an Algerian billionaire businessman, CEO of the CEVITAL industrial group, the largest private company in Algeria, active in steel, food, agribusiness and electronics.
According to Forbes, Rebrab is the ninth richest person in Africa, with an estimated net worth of US$3.1 billion, as of January 2016.
Early life
After graduating from a professional school, Rebrab taught accounting and commercial law. He soon left teaching, and started his own accounting firm.
Career
His industrial career started in 1971, when one of his clients proposed he take shares in a metallurgical construction company. He took 20% of the shares in Sotecom. After that, he created other companies in the steel industry: Profilor in 1975 and Metal Sider in 1988.
In 1995, his main installations were destroyed in a terrorist attack. Feeling in danger, he left Algeria. He came back in 1998 with Cevital, the biggest group in agricultural business, which later became the largest private Algerian company. Cevital owns one of the largest sugar refineries in the world.
In 2016, Rebrab acquired El Khabar media group, for $45 million. This was his second investment into media, as he already owns the French-Algerian daily paper Liberte.
Personal life
Rebrab is married, with five children.
Issad Rebrab Net Worth: Issad Rebrab is an Algerian businessman who has a net worth of $3.2 billion. Mr. Rebrab rose to billionaires’ ranks this year thanks to his impressive $3.5 billion (sales) food business, Cevital. An accountant by training, he set up the business back in 1998. But prior to founding Cevital, he invested into one of his client’s metal company in 1971 and finally expanded into food some twenty-seven years later. Even though in a country with socialist policies hostile to entrepreneurs, Issad Rebrab has steadily led his company into success. Actually, his business became so successful that it even helped him become Algeria’s first-ever billionaire. Now, Issad Rebrab has his five children work at Cevital. Unusual as it may seem, but the man who was once a son of militants who fought for Algeria’s independence from France is now one of the most influential people in his country.
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