Xavier Niel Net Worth is$4.5 Billion
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Date of Birth: Aug 25, 1967
Net Worth: View Xavier Niel Net Worth
What is Xavier Niel’s net worth? Xavier Niel’s net worth is $4.5 billion dollars. Born in France, Xavier Niel began his professional career in technology while still in high school, and sold his first technology company, Minitel, an online sex chat site, when he was only nineteen. He then invested in France’s first internet provider, World-Net. From there, he created an extremely lucrative reverse directory service for the French company, Iliad, and then launched his own internet service provider, named, Free. In addition to offering the lowest internet service prices, Free was also the first company to offer a triple-play multi-service box in France. With the wealth from both Free, and his 63% stake in Iliad, Mr. Niel launched Kima Ventures, an angel investor company that has invested in over 130 companies since its founding in 2010. Xavier Niel is one of the richest internet entrepreneurs in the world!
Xavier Niel (born 25 August 1967) is a French entrepreneur and businessman, active in the telecommunications and technology industry and best known as founder and majority shareholder of the French Internet service provider Iliad trading under the Free brand. He is also co-owner of the newspaper Le Monde, and co-owner of the rights of the song "My Way". He currently acts as Deputy Chairman of the Board of Directors & Chief Strategy Officer for Iliad.
His net worth is about US$ 4.3 billion.
Niel started early by developing telecommunication and data services. He embarked at a young age on a entrepreneurial career. At 19, he successfully created then sold his first company, a Minitel (a French forerunner of the internet) service company. This minitel-site provided sex oriented chat services. In 1995, he invested in the first Internet Service Provider in France, World-Net, created the previous year by Sébastien Socchard, Philippe Langlois and Pierre Séguret. This company was sold the year before the internet bubble burst.[citation needed]
After taking over a company subsequently renamed Iliad, Xavier Niel launched in 1996 the 1st reversed directory service on the Minitel. This service is still responsible for 1 million euros of revenue per year for Iliad.
In 1999, he created Free, a French Internet service provider. In 2002, Free launched a broadband package at a low price (€ 29.99 per month), which became the benchmark in the market. At the same time, Free developed and launched the Freebox: the first triple-play multi-service box in France.
Niel remains Iliad’s majority shareholder, holding 63.93% of the share capital.
In March 2010, Xavier Niel cofounded with Jeremie Berrebi Kima Ventures, a fund dedicated to invest in 50 to 100 startups a year everywhere in the world. Kima Ventures already invested in 130 companies from February 2010 to November 2011 in 18 countries. Journalist Pascal-Emmanuel Gobry of Business Insider describe

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Xavier Niel Latest News

Lunch Delivery Service PopChef Raises €2M in Seed Funding

PopChef, a Paris, France-based lunch delivery service, raised €2m in seed funding. Backers included business angels Marc Simoncini, Jacques-Antoine Granjon, Xavier Niel, and Thibaud Elzière. The company intends to use the funds to expand operations in ...
Posted: October 27, 2016, 9:10 am

A University Without Teachers Has Just Opened in California

The university was first established in Paris in 2013 by the French technology billionaire Xavier Niel and aims to teach hundreds of students every year how in coding and software development The idea of 42 is to allow students to collaborate, teach ...
Posted: October 26, 2016, 9:28 am

French Startup Nabs $11M To Start New SME Bank

IbanFirst’s venture capital round, led by Xavier Niel, was revealed in reports on Tuesday (Oct. 18). The company offers foreign exchange services for SMEs, but according to TechCrunch reports, the startup will use the latest investment to expand its ...
Posted: October 20, 2016, 1:02 am
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