BillionaireNet
family
Issad Rebrab & family
Rank #1319
ALGERIAFood & BeverageFood

Issad Rebrab & family

Net Worth
$3.042B
0% (24h)
Issad Rebrab, the founder of Cevital, is an 81-year-old Algerian businessman and the richest man in Algeria. His source of wealth is primarily from the food industry, built through Cevital, the largest private company in Algeria. Rebrab's career includes establishing an accounting firm and venturing into the steel industry before returning to Algeria with Cevital in 1998. His leadership and vision transformed Cevital into a major conglomerate, contributing to Algeria's economic growth. Rebrab's net worth is estimated at $3.0 billion as of 2024.

The Full Dossier

Early Life

Issad Rebrab was born in 1944 in Taguemount-Azzouz, Algeria. After graduating from a professional school, he taught accounting and commercial law. He then started his own accounting firm in 1968.

Rise to Success

Rebrab's industrial career began in 1971 when he took shares in a metallurgical construction company called Sotecom. He later founded Profilor in 1975 and Metal Sider in 1988, expanding into the steel industry. However, his main installations were destroyed in a terrorist attack in 1995. In 1998, Rebrab returned to Algeria with Cevital, which became the largest group in the agricultural business. Cevital owns one of the largest sugar refineries in the world, with a capacity of 2 million tons per year. He acquired the El Khabar media group in 2016.

Key Business Strategies

Rebrab's success is tied to his ability to diversify, innovate, and invest in strategic acquisitions. He expanded Cevital's operations beyond Algeria through investments in European companies, including French home appliances maker Groupe Brandt and Spanish aluminum firm Alas Iberia. Cevital's strategy involves building technological know-how through R&D and international distribution networks to facilitate exports. The group focuses on co-location strategies to revitalize companies and create value.

Philanthropy

Issad Rebrab is known for his commitment to the development of Algeria and its people. He has established the Issad Rebrab Foundation, which focuses on education, scientific research, and cultural development. Rebrab has consistently demonstrated a commitment to improving the quality of life for Algerians through charitable initiatives.

Career Timeline

2016

Acquired El Khabar

Acquired the El Khabar media group.

1998

Founded Cevital

Returned to Algeria and founded Cevital, the largest private company in Algeria.

1988

Founded Metal Sider

Launched another company in the steel industry.

1975

Founded Profilor

Established a company in the steel industry.

1971

Entered the steel industry

Took shares in a metallurgical construction company, Sotecom.

1968

Founded Accounting Firm

Started his own accounting firm after leaving a teaching position.

Philanthropic Impact

Education, Scientific Research, Cultural DevelopmentUndisclosed

Issad Rebrab Foundation

Dedicated to promoting education, scientific research, and cultural development in Algeria.

Wealth Trajectory