⬅ # 1345 Zhou Jian|# 1347 Feng Hailiang

# 1346 Issad Rebrab 

$2.56B

Real Time Net Worth
as of 5/21/2024
$276 (0.00%)

# 1346 Issad Rebrab 

$2.56B

Real Time Net Worth
as of 5/21/2024
$276 (0.00%)
OccupationFounder and Chair, Cevital
Source of WealthFood
Age80
ResidenceAlgiers, Algeria
Marital StatusMarried
Children5
Age-Adjusted Net Worth$660.26M
Issad Rebrab
Issad Rebrab
Algeria
Net worth: $2.56B

Self-Made Score 

Wealth History

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Biography

Overview

Issad Rebrab, born in 1944, is an Algerian billionaire known for founding and leading Cevital, Algeria's largest private company, active in various sectors like steel, food, agribusiness, and electronics.
Rebrab's wealth stems from his extensive industrial ventures, notably owning one of the world's largest sugar refineries and acquiring European companies like Groupe Brandt and Alas Iberia through Cevital.

Early Life

After graduating from a professional school, Rebrab initially pursued a career in education, teaching accounting and commercial law.
However, he soon transitioned into entrepreneurship, establishing his own accounting firm.

Career

In 1971, Rebrab began his industrial journey by acquiring a stake in a metallurgical construction company, Sotecom, on the advice of one of his clients.
Subsequently, he founded Profilor in 1975 and Metal Sider in 1988, expanding his presence in the steel industry.
After experiencing a terrorist attack that destroyed his main installations in 1995, Rebrab recognized the risks and temporarily left Algeria.
In 1998, he returned and founded Cevital, initially focusing on agricultural business, which later evolved into Algeria's largest private company.
Rebrab made significant media investments, acquiring El Khabar media group in 2016 and previously owning the French-Algerian daily paper, Liberte, which he later closed in April 2022.

Legal Issues

In April 2019, Rebrab was incarcerated as part of a corruption probe and was released on January 1, 2020, after being sentenced to six months for tax, banking, and customs offenses.
An Algerian court decision in May 2023 barred Rebrab from engaging in any commercial activities.

Personal Life

Rebrab is married and has five children.
He named his son, Malik, as CEO of Cevital in July 2022.

How long would it take you to become as rich as Issad Rebrab?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Issad Rebrab's net worth of $2.56B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

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Issad Rebrab is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Issad Rebrab, Food is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey