Who is Ray Debbane?
Ray Debbane is the founder of Invus Capital He is also CEO at Erick Wittouck‘s ARTAL. He was born on March 10, 1955. He is married to Carmen Debbane.
Invus Capital is a private equity firm based in New York. The company started in the 1980s, working exclusively for Eric Wittouck’s ARTAL.
Artal is an investment group, which owns a portfolio of companies worth more than $ 10 billion.
Debbane made his first spurs in 1996 when he bought the cookie producer Keebler Foods for Artal for $61 million. Two years later, he sold the company for a whopping $1 billion
And in 2018 Artal sold her shares in organic animal nutrition group Blue Buffalo to General Mills for $8 billion. His profit was $3.5 billion.
After several smaller but successful investments, Artal bought the diet company Weight Watchers for more than $700 million in 1999.
TV celebrity Oprah Winfrey bought 10 percent of the shares in 2015. Artal and Debbane earned billions with this investment and still own 20% of the Weight Watchers shares.
In 2012, Forbes named him “The mystery man behind Weight Watchers”.
Raymond Debbane Net Worth
His net worth is estimated at more than $1 billion. Ray and his wife Carmen Debbane are active philanthropists, through their Raymond Debbane Family Foundation.
Debbane chairs the board of Action Against Hunger USA.
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