Born on 4 February in 1926 In Belgium, Frère is a self-made billionaire. He is the richest man in Belgium. He has earned the net worth from the hereditary business of scrap metal. Frere diversified the business into a number of other sectors like media, utilities and oil. He owns about 25% investment in the German Media. Passionate about wines, he is also the co -owner of Château Cheval Blanc winery along with French billionaire Bernard Arnault.
In the early years after the death of his father, Albert took the responsibility of the family business on his shoulders. He started by running the traditional nail business. At the age of 30, Frere invested in steel industry and practically controlled a major part of it in Charleroi. In the year 1970, he sold the steel enterprises to invest in Pargesa, which is a Swiss venture. In the year 1982, he also took over the Belgian venture Groupe Bruxelles Lambert. Moving on he added companies like Compagnie Luxembourgoise de Télédiffusion, Royale Belge Insurance, Tractebel & Petrofina. In 2002, Belgian King Albert II has also titled Frere as a baron.
Frere Family Profile
Frere Parents:
Unknown (Father)
He is the father of a business tycoon. Frere’s father died early when Albert has been just four years old.
Madeleine (Mother)
After her husband’s death, Madeleine took charge of the family nail and chain business.
Frere Spouse(s) – Unknown (Ex), Christine Henning (Current)
Christine Henning
Henning is the second wife of the business tycoon. The couple has two children.
Children of Albert Frere and Christine Henning
Gerald Frere
He was born on 17 may 1951. Gerald joined the company in the year 1992. In the year 2003, Gerald Frere was appointed as the Non Executive Vice Chairman of the Pargesa Holding SA.
Segolene F Gallienne
Sagolene is an independent director at Christian Dior SA. She holds a position at stitching Administrative Kantoor Peupleraie, a member at Asbl de Warande and Chairman at Diane SA.
She also served on the board at Cie Nationale à Portefeuille SA. On the educational front, she holds an undergraduate degree
from Vesalius College.
Charles-Albert
He was the youngest son of the business tycoon, who died in a car crash in April when he was 19.
Grandsons of Albert Frere
Cedric Frere
He is the son of the business giant Gerald Frere. He had joined the Non Executive Director of Pargesa Holding in the year 2012. He has a working exposure in Sector Corporation ration rate Finance division at Royal Bank of Scotland from 2007-2008. He has worked in the Private Deals department at Banque Degroof until 2010. After 2010, he moved further to work at Compagnie Nationale Portefeuille. Cedric also holds a number of other positions, including Director Erbe SA, Chairman of Cheval Blanc Finance SA and of FrereBourgeois SA. On the educational front, he holds a degree in Business and Economics from Vesalius College.
William Frere
He is the younger son of Gerald Frere.
Albert Frere Family Net Worth
Frere current net worth is $4.5 Billion.