LeaderPortfolio
Altrad
Mohed Altrad
Rank #600
FRANCEConstruction & EngineeringScaffolding, cement mixers

Mohed Altrad

Net Worth
$6.574B
0% (24h)
Mohed Altrad, a French-Syrian billionaire, stands as a testament to resilience and entrepreneurial spirit. Born into a Bedouin tribe in Syria, Altrad overcame extreme poverty and adversity. His wealth source is rooted in the construction-engineering industry, particularly scaffolding and cement mixers, stemming from his founding of the Altrad Group. Altrad's career includes acquiring and transforming a debt-ridden scaffolding company into a global industrial services and equipment empire. With an estimated net worth of $6.7 billion, Altrad has built a lasting legacy as a businessman, author, and philanthropist. He is also the chairman of the Montpellier Hérault Rugby club.

How to read Mohed Altrad's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Mohed Altrad, we anchor the narrative to Scaffolding and Scaffolding, cement mixers, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $6.574B alongside global rank #600, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (FRANCE) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Mohed Altrad's early life was marked by hardship and a challenging upbringing. Born into a Bedouin tribe in the Syrian desert, his birth was not formally recorded. Orphaned at a young age, he was raised by his grandmother, who initially discouraged his pursuit of education. Despite these obstacles, Altrad was determined to learn, walking long distances to attend school.

Rise to Success

His academic achievements earned him a scholarship to study in France, where he pursued degrees in physics, mathematics, and a Ph.D. in computer science. After working in the IT sector for the Abu Dhabi National Oil Company, he shifted his focus to entrepreneurship. In 1985, he acquired a struggling scaffolding company in France, which he transformed into the Altrad Group.

Key Business Strategies

Altrad's business acumen led to strategic acquisitions and diversification. The Altrad Group expanded significantly through a series of acquisitions, growing into a multinational industrial services and equipment provider. The company's strategy focused on providing high-value services, especially in sectors like energy and construction.

Philanthropy

Mohed Altrad is known for his commitment to social responsibility and philanthropy, which has included support for various causes.

Career Timeline

2015

World Entrepreneur of the Year

Named Ernst & Young World Entrepreneur Of The Year.

1985

Founded Altrad Group

Acquired a scaffolding company that would become the foundation of the Altrad Group.

1980

Earned Doctorate

Earned a PhD in computer science from the University of Montpellier.

Philanthropic Impact

PhilanthropyUndisclosed

Not Specified

Details regarding Mohed Altrad's specific philanthropic activities are not readily available, but he is known for his commitment to social responsibility and philanthropy.

Key Business Ventures & Holdings

CompanyStakeValue
Altrad Investment Authority78.00%

Net Worth History

In-Depth Analysis

Early Life

Mohed Altrad's early life was marked by hardship and a challenging upbringing. Born into a Bedouin tribe in the Syrian desert, his birth was not formally recorded. Orphaned at a young age, he was raised by his grandmother, who initially discouraged his pursuit of education. Despite these obstacles, Altrad was determined to learn, walking long distances to attend school.

Rise to Success

His academic achievements earned him a scholarship to study in France, where he pursued degrees in physics, mathematics, and a Ph.D. in computer science. After working in the IT sector for the Abu Dhabi National Oil Company, he shifted his focus to entrepreneurship. In 1985, he acquired a struggling scaffolding company in France, which he transformed into the Altrad Group.

Key Business Strategies

Altrad's business acumen led to strategic acquisitions and diversification. The Altrad Group expanded significantly through a series of acquisitions, growing into a multinational industrial services and equipment provider. The company's strategy focused on providing high-value services, especially in sectors like energy and construction.

Philanthropy

Mohed Altrad is known for his commitment to social responsibility and philanthropy, which has included support for various causes.

Data Sources & Methodology

Figures for Mohed Altrad are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.