Xavier Niel – Billionaire
Xavier Niel (birthed 25 August 1967) is a French business owner and also business owner, energetic in the telecoms as well as innovation sector and also best called owner as well as bulk investor of the French Access provider and also Mobile operator Iliad trading under the Free brand (France’s second-largest ISP, as well as 3rd mobile operator). He is likewise co-owner of the paper Le Monde, and also co-owner of the legal rights of the tune “My ” as well as proprietor of Monaco Telecommunications. He presently works as Chairman of the Board of Supervisors & Principal Method Policeman for Iliad.
His total assets is about $7.4 billion USD.
Bio
Xavier Niel was birthed in 1967 in the residential areas of Paris. Niel began early by establishing telecommunication and also data services and also embarked at a young age on a business occupation not long after his papa provided him a Sinclair ZX81 computer system as a birthday celebration . At 19, he successfully developed after that marketed his very first firm, a Minitel (a French leader of the web) solution firm. This minitel-site supplied sex focused conversation services. In 1995, he bought the initial Access provider in France, World-NET, developed the previous year by Sébastien Socchard, Philippe Langlois as well as Pierre Séguret. This firm was marketed the year prior to the web bubble burst.
After taking control of a business ultimately Iliad, Xavier Niel released in 1996 the First reversed directory site service on the Minitel. This is still responsible for 1 million euros of profits each year for Iliad.
In 1999, he developed Free, a French Access provider. The name originated from that modem gain access to was actually cost-free, which created some mix to name a few (non-free) French Net service providers, in addition to it increased some concerns regarding Free’s company design. In 2002, Free introduced a broadband bundle at an affordable price (EUR29.99 monthly), which ended up being the standard in the marketplace. At the very same time, Free created as well as introduced the Freebox: the initial triple-play multi-service box in France. The totally free modem solution had actually offered the business a solid possible consumers , most of them changing to the broadband for convenience.
Niel stays Iliad’s bulk investor, holding 63.93% of the share resources.
In March 2010, Xavier Niel cofounded with Jeremie Berrebi Kima Ventures, a fund dedicated to purchase 50 to 100 start-ups a year anywhere on the planet. Kima Ventures currently bought 330 firms from February 2010 to August 2014 in 32 nations. Organisation Insider explained Xavier Niel and also Jeremie Berrebi as almost certainly one of the most energetic angel capitalists on the planet.
In late 2010 Niel belonged to a team of capitalists which obtained a managing in the paper Le Monde.
In 2012, he developed Free Mobile, which changes mobile telephone systems in France, with a 25 US$ strategy, consisting of limitless voice phone calls, message as well as information (3G/4G).
In 2013, Xavier Niel developed an institution called 42, which is a totally free technology college without any instructors, no publications, no tuition for 1000 individuals yearly.
In 2014, Wire & Wireless Communications (CWC) marketed its 55% economic passion in Monaco Telecommunications to NJJ Funding, a financial investment car regulated by Xavier Niel for US$ 445 million.
It is according to Wikipedia