Mohed Altrad Net Worth

Mohed Altrad has an estimated net worth of $6.4 billion, according to Forbes Real-Time Billionaires, Mohed Altrad profile (figures as of October 20, 2026). That is up from $2.7 billion in 2019.

Mohed Altrad is a French businessman, writer, and rugby chairman who leads Altrad Group. He moved to France from Syria in 1969 and studied there after winning a scholarship. He later earned undergraduate degrees in physics and math, plus a Ph.D. in computer science. Before building his company, he worked at tech firms and at the Abu Dhabi National Oil Company. He has also written three novels, including Badawi.

His fortune comes from construction equipment and industrial services. In 1985, he and a partner bought a bankrupt scaffolding manufacturer in France. That deal grew into Altrad Group, a business with $5.8 billion in revenue that makes construction equipment and provides added-value industrial services. The company also works in scaffolding and cement mixers. By 2025, the group employed 65,000 people in more than 50 countries, making it the center of his wealth.

How Mohed Altrad makes money

Altrad built his wealth by turning one troubled manufacturer into a large industrial group. After studying in France and working in technology and energy, he moved into construction equipment. In 1985, he bought a bankrupt scaffolding maker in France with a partner. That purchase changed the course of his career. It gave him a foothold in scaffolding, and the business later expanded into cement mixers and other construction equipment.

Today, Altrad Group earns money from two main activities. It manufactures construction equipment and provides added-value industrial services. Forbes says the company brings in $5.8 billion in revenue. Wikipedia says the group was involved in the scaffolding and cement-mixing industries and, by 2025, had 65,000 employees in more than 50 countries. Altrad remains chairman of the company, while his writing career adds another part to his public work.

Forbes estimates over time

Forbes has tracked Altrad's wealth for several years. On the World's Billionaires List, Forbes estimated him at $2.7 billion in 2019, then $3.3 billion in 2020. The figure moved to $3.4 billion in 2021 and stayed at $3.4 billion in 2022. It then shifted to $3.3 billion in 2023 and returned to $3.4 billion in 2024. Those estimates followed the same core business in construction equipment and industrial services.

The largest change in the listed figures came in 2026. Forbes estimated Altrad at $6.7 billion on the 2026 World's Billionaires List. Forbes' real-time billionaires tracker later showed $6.4 billion in October 2026, and the current figure is $6.4 billion as of October 20, 2026. The business details tied to that estimate stayed consistent: Altrad Group makes construction equipment, provides industrial services, and reports $5.8 billion in revenue.