French technology entrepreneur Xavier funded 42; he owned 55% of the publicly traded Iliad . His portfolio included the ownership of Monaco Telecom . In December 2017, Forbes listed his real time net worth at US$8.9 billion . Xavier, who was keen to give back some of his wealth to the world, realized that there was an increasing shortage of computer science graduates in the world, including US. (Refer to Exhibit I). He along with Nicolas Sadirac (Nicolas), Kwame Yamgnane (Kwame), and Florian Bucher (Florian), thus founded 42 at Paris in July 2013 to meet this need.. |
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