Issad Rebrab: Age, : Wealth Report Net Worth 2026: Career Earnings & Assets

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cevital.comIssad Rebrab, born on May 27, 1944, in Tagumount-Azzouz village, Tizi Ouzou, Algeria, is a prominent Algerian businessman and the founder of Cevital, the country’s largest privately-held company. Under his leadership, Cevital has become a significant player in industries such as steel, food, agribusiness, and electronics. As of December 2024, Rebrab’s net worth is estimated at $2.5 billion, making him one of Africa’s wealthiest individuals.

Early Life and Family Background

Issad Rebrab was born into a modest family in the Kabylie region of Algeria. His father was a militant who fought for Algeria’s independence from France, instilling in him values of resilience and determination. After graduating from a professional school, Rebrab began his career teaching accounting and commercial law. However, his entrepreneurial spirit soon led him to establish his own accounting firm, marking the beginning of his journey into the business world.

Career Beginnings and Key Milestones

In 1971, Rebrab’s industrial career commenced when a client proposed he take shares in a metallurgical construction company, Sotecom, where he acquired a 20% stake. This venture paved the way for the creation of other companies in the steel industry, including Profilor in 1975 and Metal Sider in 1988. Tragically, in 1995, his main installations were destroyed in a terrorist attack, prompting him to temporarily leave Algeria. Upon his return in 1998, Rebrab founded Cevital, which has since grown into Algeria’s largest private company, diversifying into various sectors and expanding its global footprint.

Personal Life and Relationships

Rebrab is married and has five children, all of whom are involved in the management of Cevital. In July 2022, he appointed his son, Malik, as the CEO of Cevital, ensuring the continuity of the family’s leadership within the company.

Charitable Work and Legacy

Throughout his career, Rebrab has been committed to the economic development of Algeria, focusing on job creation and industrial growth. Despite facing legal challenges, including a six-month sentence in 2019 for tax, banking, and customs offenses—a conviction he denies—Rebrab’s contributions to Algeria’s economy remain significant. In May 2023, an Algerian court barred him from exercising any commercial or management duties at Cevital, marking a significant turn in his career.

Notable Works and Achievements

Under Rebrab’s leadership, Cevital established one of the world’s largest sugar refineries, with the capacity to produce 2 million tons annually. The company also expanded internationally by acquiring European firms such as French home appliances maker Groupe Brandt, an Italian steel mill, and a German water purification company. These strategic acquisitions have positioned Cevital as a significant player in the global market.

Net Worth and Lifestyle

As of December 2024, Issad Rebrab’s net worth is estimated at $2.5 billion. His wealth primarily stems from his ownership of Cevital and its diverse portfolio of companies. Despite his substantial fortune, Rebrab is known for his dedication to business development and economic growth in Algeria.

Future Plans and Impact on Culture

Following his retirement, Rebrab’s legacy continues through Cevital’s ongoing operations under the leadership of his son, Malik. The company’s sustained growth and diversification reflect Rebrab’s vision of economic development and industrialization in Algeria.

Disclaimer: Issad Rebrab: Age, wealth data updated April 2026.