Bloomberg Billionaires Index

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#97 Patrick Drahi $12.7B

Random fact: Proposed to his wife one hour after meeting her.


Drahi is the chairman and largest shareholder of Altice, a publicly traded telecommunications business that had revenue of 14.6 billion euros ($16.2 billion) in 2015. The Amsterdam-based company provides services in Europe, Israel, the Caribbean and the U.S. Drahi collected more than 500 million euros from its 2014 public offering.

As of July 21, 2017:
Last change -$130M (-1.0%)
YTD change +$2.33B (+22.6%)
Industry Media & Telecom
Biggest asset ATC NA Equity
Citizenship France
Age 53
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Patrick Drahi's net worth of $12.7B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

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

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Drahi's fortune is derived from Altice, a publicly traded cable TV company he founded in 2002. He controls about half of the Amsterdam-based business through closely held Next LP, which is based in the Bailiwick of Guernsey, a U.K. crown dependency. The company underwent a cross-border merger in August 2015, whereby its Luxembourg-based parent company, Altice SA, was relisted in the Netherlands as Altice NV with a dual-class share structure. For every Altice SA share held, shareholders received three Altice NV "A" shares, which carry one vote per share, and one Altice NV "B" share, which carry 25 votes per share, according to an Aug. 10, 2015 company presentation. The shares trade separately on Euronext Amsterdam. Drahi's Next LP owns 425.4 million "A" shares and 163.7 million "B" shares, according to the Dutch financial market regulator's website in February 2017.

Drahi loaned 81.2 million Altice "A" shares to Goldman Sachs in November 2015 as part of a funded collar transaction, according to a company statement. The trade gave Drahi cash he then used to pay off loans he'd taken out to buy Altice shares from minority investors and management dating back to before the company's initial public offering.

Drahi declined to comment on his net worth calculation.


Birthdate: 8/20/1963
Family: Married, 4 children
Education: 1986, Ecole Normale Superieure, Master's Degree Ecole Polytechnique, Graduated

Patrick Drahi was born on Aug. 20, 1963, in Casablanca, Morocco. When he was 15 years old, he moved with his math teacher parents to southern France. A naturally gifted math student, he graduated from France's selective engineering school, Ecole Polytechnique, then went on to earn a post-graduate degree in optics and electronics from Ecole Nationale Superieure de Telecommuncations de Paris in 1986.

Drahi's first job after graduating was as head of international marketing for a Dutch satellite and cable company, Philips Group. His dream as a young student was to one day become CEO of a global company. While at Philips, he realized that the dream could take more than 30 years to materialize if he continued along that career path. So he left the company in 1993, and with the help of a friend, Pascal Orhan, set up CMA, a consulting firm specializing in telecommunications and media. While doing so, he also founded two French cable companies, Sud Cable Services and Mediareseaux.

By 2002, he'd sold both the cable companies and decided to start his own investment holding group, which he called Altice. Focused on cable, telecom and internet assets, Drahi acquired stakes in companies from Belgium to Mauritius, including Israeli cable TV provider, Hot Telecommunication System, Portuguese cable company, Cabovisao, and Odo, the Dominican Republic's second-largest mobile operator. Along with private equity groups, Carlyle and Cinven, he helped create France's largest cable operator, Numbericable, which was listed in Paris in November 2013.

Altice raised more than $1.8 billion in an initial public offering on the Amsterdam stock exchange in January 2014. In an interview with Bloomberg Television, Drahi said the aim of the offering was to boost Altice's recognition globally, as it seeks more acquisitions.

The billionaire, who has both French and Israeli citizenship, is married with four children and lives in Geneva, Switzerland.

  • 1986 Graduates from Ecole Polytechnique in Paris.
  • 1988 Begins professional career with the Philips Group in Amsterdam.
  • 1993 With friend, Pascal Orhan, founds telecom consulting firm, CMA.
  • 1994 Founds French cable company, Mediareseaux.
  • 1999 Sells Mediareseaux to Dutch company, UPC, for undisclosed price.
  • 2002 Establishes Altice as an investment vehicle for cable and telecom assets.
  • 2014 Sells shares of Altice on Amsterdam stock exchange.
  • 2015 Altice is redomiciled in Amsterdam with a dual-class share structure.