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Vincent Bolloré (b. 1 April 1952 in Boulogne-Billancourt, Hauts-de-Seine) is a French industrialist, corporate raider and businessman.

He heads the family investment group Bolloré and is ranked 451st richest person in the world according to Forbes, with an estimated fortune of US$1.7 billion[1]. He is married, with 4 children.

Biography

Vincent Bolloré is from a well-off family from Brittany, and he graduated with a Bachelor of Laws (LLB) degree from Université Paris X Nanterre. Bolloré started his investment career as a bank trainee at investment bank Edmond de Rothschild.

His personal investment career began when he took over the reins at his family-controlled conglomerate Bolloré, which deals in maritime freight and African trade, and paper manufacturing (cigarette and bible paper). The company he leads today employs 33,000 people around the world.

He is a well-known corporate raider in France who has succeeded in making money by taking large stakes in French listed companies, in particular the building and construction group Bouygues, where he left with a sizeable capital gain after a power-struggle.

In late 2004, his investment group started building a stake in advertising group Havas, becoming its largest single shareholder. He mounted a coup and replaced Alain de Pouzilhac as Havas Chief Executive Officer on July 12, 2005.

In 2005, through his family company, Bolloré expanded his media interests by launching the Direct 8 television station. Towards the end of 2005, he began building a stake in independent British media planning and buying group, Aegis. As at 19 July, 2006, his stake in Aegis stood at 29%[2]. Direct Soir, a free newspaper, was launched in June 2006. In January 2008, he manifested interest in becoming a shareholder of famed, but troubled, Italian car manufacturer Pininfarina.

He is a close personal friend of French President Nicolas Sarkozy. It has been told that their friendship goes back over 20 years[3] Sarkozy has been criticized for accepting vacations from Bolloré; however, both have insisted that no conflict of interest exists.

Ballore also have a lot of investment in Africa.He takes advantage in protecting the corrupt regims in Africa that gives him rights to buy cheap investments in transportaion both land and sea.He isalso investing in the agricultural sector in Cameroon,oil pipeline in Chad,train rail way Cameroon central African republic.

References

  1. ^ "The World's Richest People". Luisa Kroll and Allison Fass. Forbes Magazine. March 9, 2006. http://www.forbes.com//lists/2006/10/Europe_&_Russia_Rank_7.html.  
  2. ^ "Aegis' Major Shareholders". Hemscott Group Ltd. 19 July, 2006. http://www.aegisplc.com/aegis/shareholderinfo/hmajshare.asp.  
  3. ^ "Bolloré, un financier avec qui copiner". liberation. 10 May, 2007. http://www.liberation.fr/actualite/politiques/252842.FR.php..  

External links

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