Patrick Drahi
$7.2B
Born
Aug 20, 1963
Age
62
Source of Wealth
Telecom
Residence
Zermatt,
Citizenship
France
Marital Status
Married
Children
4
Education
- Telecoms magnate Patrick Drahi is the founder and owner of multinational Altice NV, which he took private in January 2021 at a $7.3 billion valuation.
- Drahi built Altice with more than 20 acquisitions of lagging cable and mobile operators and has expanded further with highly leveraged deals.
- In 2021, he spent approximately $4.2 billion to purchase an 18% stake in British telecom giant BT Group. Three years later, he sold it to India's Bharti Global.
- He stormed the U.S. in 2015 by buying a 70% stake in cable operator Suddenlink for $9 billion and snapping up Cablevision for $17.7 billion.
- Those U.S. entities were spun off into Altice USA, which went public in June 2017.
- Drahi owns auction house Sotheby's, which he took private in 2019.
- Drahi was born in Casablanca, Morocco and emigrated to France as a teenager.
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