Pierre Castel Net Worth

What is Pierre Castel's Net Worth?

Pierre Castel is a renowned French businessman with an impressive net worth of $8 billion. A relatively recent addition to the elite circle of billionaires, Castel is at the helm of Groupe Castel, a dominant force in the global wine industry. Founded in 1949 by Pierre and his eight siblings, Groupe Castel has grown into a beverage behemoth producing not just wines but also beer and soft drinks.

Groupe Castel's Global Expansion

Groupe Castel is making significant strides in its expansion efforts. The company has established a strong presence in Africa, operating 45 breweries across the continent. Additionally, it maintains 1,600 acres of vineyards scattered across Morocco, Tunisia, Ethiopia, and other African regions.

Vineyards in France

In France, Groupe Castel owns or co-owns 22 vineyards, producing a staggering 640 million bottles of wine annually. According to 2011 estimates, wine sales alone contributed $1.9 billion out of the company's total revenue of $3.6 billion. Notably, the group's Castel-branded wine has been a staple in the under-$10 market since 1991.