Rank #1183
Issad Rebrab & family
Net worth $3.6B
Food · Algeria
- Born
- Jan 01, 1944
- Age
- 82
- Source
- Food
- Residence
- Algiers
- Citizenship
- Algeria
- Marital status
- Married
- Children
- 5
- Education
Net worth over time
Biography
- Isaad Rebrab founded Cevital and served as its CEO for more than 50 years; He named his son, Malik, CEO in July 2022.
- Cevital, Algeria's biggest privately-held company, owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year.
- Cevital owns European companies, including French home appliances maker Groupe Brandt and Spanish aluminum firm Alas Iberia.
- After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. He denies any wrongdoing.
- In May 2023, an Algerian court barred Rebrab from exercising any commercial or management duties at Cevital.
- Rebrab is the son of militants who fought for Algeria's independence from France.
- Cevital helped finance a biopic on Algerian resistance hero Larbi Ben M'hidi, who was executed by the French in 1957.