High-End Assets Fuel Diversification for Perrodo Oil Dynasty
The renowned Perrodo family, owners of one of Europe's leading independent oil companies, Perenco, is expanding its investments beyond hydrocarbons into premium real estate, diamonds, and fashion.
Driven by the desire to diversify their portfolio, the Perrodo clan has acquired a $21 million office and apartment complex in New York's SoHo, invested in Italian food packaging, and acquired upscale properties in Spain. Regulatory filings and website updates provide insights into these strategic moves.
The family's diversification efforts stem from decades of success in the oil and gas industry. Founded as a marine services company in Asia, Perenco has become a global producer specializing in acquiring and revitalizing marginal and mature fields.
Controlled by an offshore holding company in the Bahamas, Perenco is led by 47-year-old Francois Perrodo, an avid race car driver and the eldest son of the late founder Hubert Perrodo. The clan's wealth, estimated at over $8 billion according to Bloomberg Billionaires Index, also includes Francois's mother Carrie Wong Perrodo and siblings Nathalie Samani and Bertrand Perrodo.
Capital allocation decisions are made through the family office BNF Capital in London, private equity firm Perwyn Advisors, and Kronos, a property developer co-founded by Bertrand in Luxembourg.
BNF Capital has invested in BC Brands, merging the Bandier and Carbon38 brands, and expanded its real estate portfolio. Perwyn Advisors has backed high-end companies such as Rubel & Menasche, Crosta & Mollica, and Atec. Bertrand's Kronos Homes has developed luxury residences in Spain and Portugal.
This diversification strategy complements Perenco's focus on fossil fuel production, which has expanded into natural gas and exploration. While Perenco remains committed to its core business, the second-generation Perrodos have leveraged their success to pursue opportunities in various sectors, including battery metals, uranium, and vineyards.