Alain Taravella | |
|---|---|
 Taravella in 2019 | |
| Born | 24 May 1948 Falaise, Calvados, France |
| Alma mater | HEC Paris |
| Occupation(s) | Businessman, entrepreneur |
| Known for | Co-founder and CEO of the real estate group Altarea SCA |
Alain Taravella (born 24 May 1948) is a French entrepreneur, billionaire who is the co-founder, chairman and CEO of the Altarea SCA real estate group. [1]
Taravella graduated from HEC Paris in 1971. He claims to have financed his studies by carrying out real estate operations on the sale of apartments in Parly. [2]
In 1975, he joined the Brémond group, a real estate development company, where he became head of the leisure division. The group became Pierre & Vacances in 1978, a company specialized in leisure centers. Taravella became CEO in 1985. [3]
In 1994, he founded Altarea, a shopping center development company. He took advantage of the downturn in the real estate market in the early 1990s to acquire land in droves. [4] In 1999, he worked on the Bercy Village development project, which Altarea marketed. [5] The company was listed on the stock exchange in 2004 and in 2007 acquired Cogedim, a real estate developer of housing and offices.
In 2010, after selling the Saint-Georges shopping center in Toulouse to the German Commerz Real, [6] he led the acquisition of Cap 3000, one of the oldest and most important regional shopping centers in France, in Saint-Laurent-du-Var. [7] In 2011, he led the acquisition by Cogedim Altarea of the RueDuCommerce shopping site, which was finally sold to Carrefour in 2016. [8] [9]
As of 2021, according to Forbes, Taravella retains 45% ownership of Altarea SCA and had an estimated net worth of $2 billion, making him the 1580th richest person in the world. [10]