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# Issad Rebrab

Random fact: Brother Amar disappeared in Algeria's war of independence.

Overview

Algeria's richest person owns Cevital, the country's biggest closely held conglomerate with $4 billion in revenue. Cevital has 18,000 employees and about 26 subsidiaries operating in industries including sugar and edible-oil production, manufacturing, food retail, steel-making, real estate, auto retailing and home appliances.

As of June 22, 2018:
Last change ()
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Industry Food & Beverage
Biggest asset N/A
Citizenship Algeria
Age 74
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Issad Rebrab's net worth of can buy ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

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Biography

Birthdate: 5/8/1944
Family: Married, 5 children

Issad Rebrab was born on May 8, 1944, in Taguemount-Azouz, Kabylie, a northern province in Algeria to the east of Algiers. His father, who came from a modest background, was arrested in the 1930s for being pro-independence. His older brother, Amar, was a member of Algeria's National Liberation Army and disappeared at age 18. He was never found.

Rebrab studied at the Normal School of Technical Teaching, and the Institute of Management and Planning, before going on to teach accounting and business law. He opened a certified public accountant office in Sétif, Algeria, in November 1968. Three years later, he acquired 20 percent of Sotecom, a small metal-manufacturing company, with the help of a client. Following the investment, in 1975, he created steel producer Prolifor. As the company grew, so did the nation's security concerns, and in 1994 a terrorist sabotaged three of the company's biggest units, forcing Rebrab to take refuge in France.

He returned in 1995 with a plan to manufacture food products. Because of his decision to focus on staples such as sugar and oil, he called the business Cevital, derived from the French expression, "c'est vital," or "it's vital." Cevital now dominates Algeria's food industry with a 65 percent market share in sugar and an 80 percent share in edible oils. It's also grown through acquisition, buying French window maker Oxxo in June 2013, and home appliances company Fagor Brandt in 2014 for $31 million.

Cevital expanded into retail and automobiles, as well. Through its Samha subsidiary, it's the sole agent of Samsung Electronics in Algeria, and is also the sole agent for car rental company Europcar. His son Omar manages Hyundai Motors Algeria, which operates 37 dealerships. The billionaire is married and lives in Algiers with his five children, all of whom are involved in the family business.

Milestones
  • 1944 Issad Rebrab is born in Taguemount-Azouz, Algeria.
  • 1964 Studies at the Normal School of Technical Teaching.
  • 1971 Acquires 20 percent of Sotecom, a metal-making company.
  • 1975 Starts steel producer Profilor.
  • 1998 Founds Cevital Group to invest in sugar and oil.
  • 2004 Starts agricultural producer CeviAgro.
  • 2012 Biography "See Big, Start Small and Go Fast" is published.
  • 2014 Cevital buys Fagor Brandt for $31 million.