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| Description: Net Worth: $3 BILLION Industry: Diversified Country of Citizenship: Algeria Age: 70 Number of Jobs Created: 10,500 Algeria’s richest man maintains his position on the list despite a slight dip in his fortunes. Issad Rebrab is the founder and CEO of Cevital Groupe, which has 19 subsidiaries and major interests in agribusiness, food, metallurgy and steel manufacturing. In 1971 Rebrab, an accountant, acquired a 20-percent strategic stake in metallurgical construction firm, Sotecom. Rebrab followed up with a string of acquisitions in the metallurgy industry and then diversified into other business sectors. In 1998, he founded Cevital-Spa, Algeria’s dominant food processing company which produces 2 million tons of sugar annually. Other assets include dolomite mining firm, Cevital Minerals, Ceviagro, an agriculture produce company, Nolis, a maritime company, and a Hyundai Motors distribution company. Rebrab’s children work for the conglomerate in various capacities. Last year, Cevital generated $5 billion in revenues. It currently employs over 12,500 people. |
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