Insight

• Dimunayo Tengi
• 5 Min Read

Algeria Billionaires: The Top 10 Richest Men In Algeria

Algeria, a North African nation rich in natural resources and strategic economic potential, is home to a number of powerful business moguls who have transformed their industries and amassed significant personal fortunes. These individuals span multiple sectors—from construction and retail to manufacturing, automotive, and food processing—demonstrating the growing strength and diversification of Algeria’s private sector.

In this comprehensive post, we explore the top 10 richest men in Algeria in 2025, detailing their sources of wealth, notable business ventures, and their impact on both the local and global economic landscape.

1. Issad Rebrab – Estimated Net Worth: $4.8 Billion

Issad Rebrab is not just the richest man in Algeria, but also one of the wealthiest businessmen in Africa. Born in 1944 in Taguemount-Azzouz, he is the founder and CEO of Cevital Group, Algeria’s largest privately-owned conglomerate.

Cevital operates across multiple industries including:

• Food processing: One of the world’s largest sugar refineries (2 million tons per year capacity)

• Retail: Shopping centers and supermarkets

• Electronics: Ownership of French appliance manufacturer Brandt

• Steel and construction materials

• Glass manufacturing: Including the acquisition of Oxxo in France

Rebrab has been a key driver in Algeria’s shift toward industrial self-sufficiency and global export competitiveness. Despite a brief legal detainment in 2019, he remains a powerhouse of Algerian industry with a reputation for resilience and vision.

2. Ali Haddad – Estimated Net Worth: $1.8 Billion

Ali Haddad is a construction tycoon who made his fortune through the ETRHB Haddad Group, which he co-founded in the early 1990s. The company rose to become Algeria's largest privately-owned construction firm, handling major infrastructure projects like highways, housing developments, and bridges.

In addition to construction, Haddad expanded into:

• Media: Founding Dzair TV and Dzair News

• Hospitality: Hotels and real estate

• Sports: Ownership of the USM Alger football club

He has also served as president of the Forum des Chefs d'Entreprise (FCE), a powerful Algerian business organization. However, his close ties to former President Abdelaziz Bouteflika's administration led to his arrest in 2019 amid an anti-corruption crackdown. Regardless of political hurdles, Haddad’s business influence remains deeply entrenched in Algeria’s economic story.

3. Mahieddine Tahkout – Estimated Net Worth: $1.5 Billion

Mahieddine Tahkout carved a unique path to wealth through the public transportation and automotive sectors. His company, the Tahkout Manufacturing Company (TMC), became widely known for its transportation services across Algerian universities and later expanded to car assembly.

Key ventures include:

• Car assembly partnerships with Hyundai and other global manufacturers

• Bus and taxi services

• Real estate and hospitality investments

• Private education institutions

Though later investigated for corruption and mismanagement, Tahkout’s rise highlights the impact of strategic government partnerships in building private sector fortunes in Algeria.

4. Ahmed Mazouz – Estimated Net Worth: $1.2 Billion

Ahmed Mazouz is a rising force in Algeria’s retail and manufacturing sectors. He is the driving mind behind the Mazouz Group, which has diversified into a number of consumer-centric industries.

Major projects include:

• Bab Ezzouar Mall, one of the country’s largest shopping complexes

• Acquisition of N’gaous Conserves SPA, a major food production company

• Manufacturing and industrial ventures

Mazouz has built a reputation for strategic acquisitions and consistent business growth. His group plays a vital role in providing local employment and helping modernize Algeria's commercial infrastructure.

5. The Benhamadi Family – Estimated Net Worth: $1.1 Billion

The Benhamadi family is synonymous with consumer electronics in Algeria, primarily through their control of Condor Group. Founded by Abderrahmane Benhamadi, the group became a household name in electronics manufacturing.

Condor’s reach includes:

• Televisions, refrigerators, and mobile phones

• Home appliances and air conditioners

• Renewable energy solutions

• Exporting Algerian-made goods to international markets

The company is also involved in real estate and construction. Under the Benhamadi family's leadership, Condor has promoted local manufacturing and reduced Algeria’s dependence on imported consumer electronics.

6. Djilali Mehri – Estimated Net Worth: $1 Billion

Djilali Mehri is a multifaceted entrepreneur known for his vast portfolio spanning agriculture, beverages, and hospitality. He’s most recognized as the chairman and CEO of Pepsi Algeria and the founder of the Mehri Group.

His business interests include:

• Agricultural exports

• Bottled beverage production under Pepsi

• Hotel developments in partnership with global brands like Accor Hotels

• Real estate investments across Algeria

Mehri’s diversified interests not only boost Algeria’s GDP but also encourage foreign direct investment in key sectors like tourism and agriculture.

7. The Kouninef Family – Estimated Net Worth: $800 Million

The Kouninef brothers—Karim, Reda, and Noah—own KouGC, a powerful construction and engineering firm that has completed several large-scale public works.

Their influence extends to:

• Hydraulics and water management systems

• Construction of highways, tunnels, and dams

• Oil and gas subcontracting

Though implicated in corruption investigations post-2019, the family's legacy in shaping Algeria’s physical infrastructure is notable. KouGC’s contributions to public utilities and transportation networks have been pivotal in the country’s development.

8. Mourad Eulmi – Estimated Net Worth: $700 Million

Mourad Eulmi is a key figure in Algeria’s automobile industry. As the CEO of SOVAC Group, he secured exclusive dealership rights for brands like Volkswagen, Audi, and Seat in Algeria.

Business achievements include:

• Establishing the Volkswagen car assembly plant in Relizane

• Importation and sales of premium European vehicles

• Partnerships with European automakers for local production

Eulmi’s company has played a significant role in creating skilled jobs and boosting domestic vehicle production, despite recent regulatory and legal challenges.

9. Mohamed Laid Benamor – Estimated Net Worth: $500 Million

A leader in Algeria’s agri-food industry, Mohamed Laid Benamor is the president of the Benamor Group and serves as president of the Algerian Chamber of Commerce and Industry.

The Benamor Group produces:

• Pasta and semolina

• Tomato paste and other canned food items

• Flour and grain products

With over $250 million in annual revenue, the company helps feed millions of Algerians while also exporting products to neighboring countries. Benamor’s contributions to food security and agriculture policy make him a respected figure in economic circles.

10. Abdelmalek Sahraoui – Estimated Net Worth: $430 Million

Abdelmalek Sahraoui is known for his strategic investments in the petroleum and lubricant industries. His company, Petroser, is a top brand in Algeria’s fuel sector.

Key business operations:

• Petroleum product distribution

• Manufacture and sales of automotive lubricants

• Agricultural investments and logistics

Sahraoui has leveraged Algeria’s oil-rich economy to build a lasting business empire. His focus on quality and domestic production has enabled Petroser to compete with international brands.

Conclusion

The richest men in Algeria exemplify the country's economic potential when driven by private initiative and entrepreneurial vision. These business moguls have created jobs, pioneered industrial development, and encouraged international investment in a country traditionally reliant on hydrocarbons.

While some have faced legal or political setbacks, their legacies are deeply embedded in the fabric of Algerian society. As the nation continues to diversify and liberalize its economy, these individuals—and others like them—will play a vital role in Algeria’s next chapter of economic growth.