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Grizzly Bulls’ Billionaires Index

⬅ # 471 Scott Cook|# 473 Richard Liu ➡

# 472 Patrick Drahi 

$6.58B

Real Time Net Worth
as of 12/23/2024
-$23.3M (-0.35%)

# 472 Patrick Drahi 

$6.58B

Real Time Net Worth
as of 12/23/2024
-$23.3M (-0.35%)
OccupationFounder and Owner, Altice Group
Source of WealthTelecom
Age61
ResidenceZermatt, Switzerland
Marital StatusMarried
Children4
Age-Adjusted Net Worth$6.15B
Patrick Drahi
Patrick Drahi
France
Net worth: $6.58B

Self-Made Score 

Ternos Automatic Illuminated Analog Display with GMT Dual Time

Wealth History

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Biography

Overview

Patrick Drahi is a billionaire known for his prowess in the telecommunications and media industries, particularly for founding Altice Group.
He amassed his wealth through a series of aggressive acquisitions and mergers, expanding his business empire globally.

Early Life and Education

Patrick Drahi was born on August 20, 1963, in Casablanca, Morocco.
He studied at the prestigious École Polytechnique in Paris, where he earned a degree in engineering.
Drahi later pursued a Master of Science in optics and electronics from the University of Paris-Sud.
During his education, he showed an early aptitude for mathematics and technology.

Career Beginnings

After completing his studies, Drahi began his career as an engineer at Philips in the Netherlands.
In 1988, he founded the Dutch-based cable and telecom company, Drahi Compagnie.
His early ventures focused on building cable networks and providing internet services in Europe.
Drahi's entrepreneurial drive and strategic vision propelled him into the telecommunications sector.

Founding Altice Group

In 2002, Patrick Drahi founded Altice Group, initially focusing on the acquisition of cable and telecom companies.
Altice quickly expanded its footprint through aggressive acquisitions, becoming a major player in the telecommunications market.
Drahi's strategy involved consolidating disparate telecom assets to create synergies and cost efficiencies.
Altice's rapid growth and Drahi's bold deal-making earned him a reputation as a formidable industry disruptor.
Under Drahi's leadership, Altice expanded beyond Europe, venturing into the US market with significant acquisitions.

Business Philosophy and Strategy

Patrick Drahi is known for his unconventional and aggressive approach to business.
He believes in leveraging debt to finance acquisitions, often taking on significant leverage to fund expansion.
Drahi emphasizes operational efficiency and cost optimization to drive profitability within his portfolio companies.
His strategy involves centralizing operations and integrating acquired businesses to maximize synergies.
Drahi's willingness to take risks and execute bold deals has been both praised and criticized by industry experts.

Philanthropy

While Patrick Drahi is primarily known for his business ventures, he has also engaged in philanthropic activities.
He has donated to various causes, particularly in the fields of education and cultural preservation.
Drahi has supported initiatives aimed at promoting STEM education and advancing technological innovation.
His philanthropic efforts often align with his interest in fostering talent and supporting communities.
Drahi's contributions to cultural institutions reflect his commitment to preserving heritage and promoting artistic expression.

Patrick Drahi's Wealth is Equivalent to:

5,063,895 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,244,655 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

67,229 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Patrick Drahi?

If you started with $10,000 and invested an additional $500 each month at a 42.82% CAGR, it would take you 5 years to reach Patrick Drahi's net worth of $6.58B.

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 67.72% compared to 25.94% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Patrick Drahi 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 Patrick Drahi, Telecom 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.

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Edited by: Lee Bailey