“Two Premiership clubs” – 5 Richest Owners In Rugby In 2024 (Ranked) - Page 3 of 5 - Ruck

“Two Premiership clubs” – 5 Richest Owners In Rugby In 2024 (Ranked)

#3. Mohed Altrad

Nationality: Syrian/French
Networth: $1.7 billion
Rugby CV: Majority shareholder in Montpellier Herault

Altrad, who migrated to France from Syria in 1969, faced the daunting task of adapting to a new country without knowledge of the French language. During those challenging times, he managed to sustain himself on just one meal per day. Presently, Altrad stands at the helm of the Altrad Group, headquartered in Montpellier. The company has established itself as a global leader in the manufacturing of scaffolding and cement mixers, generating revenues of $2.4 billion and employing over 21,000 individuals.

Altrad is also the primary shareholder in Montpellier, where he shares his rationale, stating, “However, above all else, I chose sports because it encapsulates the principles I have consistently upheld throughout my life and within the Altrad Group: passion, dedication, the pursuit of success while maintaining respect for others, and the spirit of solidarity that binds teamwork together. Among various sports, rugby, as those familiar with it or who have played it can attest, truly embodies these values. The MHR (Montpellier Hérault Rugby), in particular, is making remarkable strides—a testament to its exceptional progress this year. It represents the kind of challenge I find appealing.”