Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
weather-icon
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • weather-icon

    Wed

    26℃ - 32℃

  • weather-icon

    Thu

    25℃ - 32℃

  • weather-icon

    Fri

    25℃ - 31℃

  • weather-icon

    Sat

    26℃ - 30℃

Belgium's richest businessman Albert Frere dies

  • News Desk

    Agence France-Presse

Bruxelles, Belgium | Mon, December 3, 2018 | 05:51 pm
Belgium's richest businessman Albert Frere dies In this file photo taken on April 23, 2013 Baron Albert Frere (L), CEO of GBL Groupe Bruxelles Lambert and Ian Galliene, GBL Managing Director attend the ordinary general meeting of GBL (Group Bruxelles Lambert) in Brussels. Belgium's richest man, multi-billionaire entrepreneur Albert Frere, has died aged 92, his investment company GBL announced on December 3, 2018. LAURIE DIEFFEMBACQ / BELGA / AFP (AFP/-)

Belgium's richest man, multi-billionaire entrepreneur Albert Frere, has died aged 92, his investment company GBL announced Monday.

According to Forbes magazine, the self-made former scrap metal merchant turned media, utilities and oil magnate, was worth $6.2 billion.

His death was confirmed in a statement by GBL, the Belgian holding company that he has run as one of two controlling shareholders since 1990.  

Born in 1926 in Charleroi in southern Belgium's fading industrial heartland, he dropped out of school to join his family's small iron-working firm.

He proved to have a flair for business and by the 1970s his company controlled almost all steel production in Belgium, before selling it into state control. 

With capital generated by the sell-off he developed an investment vehicle and remained in control of GBL until 2015, when he was well into his eighties. 

He remained honorary chairman and, with the Desmarais family the major shareholder, in the firm. 

Join the discussions