Alain Taravella
Alain Taravella | |
|---|---|
| Born | May 24, 1948 Falaise, Calvados, France |
| Occupation(s) | Business magnate, real estate developer |
| Known for | Co-founder, chairman, and CEO of Altarea SCA |
Alain Taravella (born 24 May 1948) is a French business magnate, billionaire, and the co-founder, chairman, and chief executive officer of the real estate firm Altarea SCA.
Biography
Taravella completed his studies at HEC Paris in 1971, funding his education through involvement in property deals. In 1975, he became part of the Brémond group, a property development company that evolved into Pierre & Vacances by 1978, focusing on leisure facility projects. He was appointed CEO in 1985.
In 1994, he established Altarea with an emphasis on developing shopping centers. Taking advantage of the early 1990s real estate market slump, he secured substantial land holdings. Altarea initiated the Bercy Village development in 1999. The company went public in 2004 and expanded by acquiring Cogedim, a developer specializing in residential and office properties, in 2007.
Following the sale of the Saint-Georges shopping center in Toulouse to Commerz Real in 2010, Taravella spearheaded the purchase of Cap 3000, a prominent regional retail complex in Saint-Laurent-du-Var. In 2011, under his direction, Cogedim Altarea took over the RueDuCommerce e-commerce platform, which was later sold to Carrefour in 2016.
Wealth
As reported by Forbes, Taravella owns a 45% stake in Altarea SCA and possesses an estimated fortune of $2 billion, placing him at number 1580 among the wealthiest individuals worldwide.