Billionaire Profile
Gerald Frere
Global Rank
#1350

Image: Public domain | via Wikimedia Commons

Gerald Frere

CEO, Groupe Bruxelles Lambert (GBL)
BE
Real-Time Net Worth
$2.91B
As of December 2025
Age
74
Source
Steel, investments
Industry
manufacturing
Citizenship
BE

Biography

Gerald Frere, a Belgian businessman, is a prominent figure in the world of finance and industry, with an estimated net worth of $2.9 billion. His wealth is primarily derived from his steel and investments. Frere, born on May 17, 1951, has significantly contributed to the manufacturing sector. His career, which began with the family business, has seen him rise to leadership positions in various companies, most notably as the Chairman of Groupe Bruxelles Lambert (GBL) since January 2012. His career and financial success has been a testament to his investment acumen and leadership skills, solidifying his position as a respected figure in the business world.

Wealth Over Time

In-Depth Profile

Early Life

Gerald Frere was born on May 17, 1951, in Charleroi, Belgium. He is the son of the late Albert Frere, a renowned billionaire industrialist who died in 2018. After completing his education in Switzerland, Gerald joined the family business, Frère-Bourgeois Group, taking on the role of Managing Director.

Rise to Success

Frere's career advanced significantly through his involvement with the Frère-Bourgeois Holding Company. He was appointed to the Board of Groupe Bruxelles Lambert (GBL) in 1982, later becoming Managing Director and Chairman of the Standing Committee in 1993. This leadership role showcased his ability to navigate complex financial and industrial landscapes. He is also the chairman of Loverval Finance, Stichting Administratie Kantoor Bierlaire, Domaines Frère-Bougeois, and the vice chairman of Pargesa Holding.

Key Business Strategies

A key aspect of Frere's career was his strategic investment approach. He took over the investment portfolio and managed it with his son. The family focused on Groupe Bruxelles Lambert (GBL), an investment holding company that provided significant returns. His ability to manage and grow the family's wealth, particularly in the steel and investment sectors, is a testament to his business acumen. This strategic approach led to substantial growth and solidified the family's financial standing.

Philanthropy

While specific amounts are unavailable, Frere has been involved in philanthropic initiatives through various family holdings. Further information would provide more details on these specific contributions.

Career Milestones

1972

Joined Frère-Bourgeois Holding Company

Became Managing Director of Frère-Bourgeois.

1982

Appointed to the Board of GBL

Joined the board of Groupe Bruxelles Lambert.

1993

Managing Director and Chairman of GBL

Became Managing Director and Chairman of the Standing Committee at GBL.

2012

Chairman of GBL

Assumed the role of Chairman of Groupe Bruxelles Lambert.

Philanthropy & Social Impact

Philanthropy

Various

$XB

Involvement in philanthropic initiatives through family holdings.