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Meet Lebanon's Declared 6 Billionaires

Published August 11th, 2020 - 10:51 GMT

The Aftermath of Beirut’s explosion (Beirutshima) was devastating at all levels.

Over 150 were killed, thousands were injured and many people remain missing. More than 300,000 people have lost their homes, and financial losses are estimated in billions. Aid is coming in from all around the world, but there’s still no official statement from any of the Lebanese billionaires. Would the 6 billionaires roll-up their sleeves, and step up to rebuild the destroyed capital?

Meet the 6 officially declared billionaires of Lebanon.

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1.Taha Mikati - $2.2 Billion

1.Taha Mikati - $2.2 Billion: Taha Mikati co-founded Beirut-based holding company M1 Group with his billionaire brother, Najib Mikati. Its investments include stakes in South African telecom firm MTN, fashion retailer Pepe Jeans, and prime real estate in New York, London and Monaco. The billionaires brothers founded Investcom in 1982, selling satellite phones at the height of Lebanon's civil war. After expanding into Africa, the company went public on the London Stock Exchange and the brothers’ stake was bought for $3.6 billion.

2.Najib Mikati - $2.1 Billion: Najib’s bio would have been identical to his brother Taha if not for the former’s history in the Lebanese political scene. He was Lebanon’s Prime Minister from 2011-2014, and From April 2005 to July 2005 in a caretaker government.Najib Mikati - $2.1 Billion

2. Najib Mikati - $2.1 Billion: Najib’s bio would have been identical to his brother Taha if not for the former’s history in the Lebanese political scene. He was Lebanon’s Prime Minister from 2011-2014, and From April 2005 to July 2005 in a caretaker government.

3. Bahaa Hariri - $2 Billion

3. Bahaa Hariri - $2 Billion: Bahaa Hariri inherited his fortune from his father, the assassinated Prime Minister Rafik Hariri. In 2008, he sold his stake in Saudi Oger to his brother Saad Hariri, Bahaa Hariri founded and chairs a real estate holding company with investments in Amman, Jordan and Beirut, Lebanon called Horizon Group. He's the majority owner of Globe Express Services, a logistics company with a presence in more than 100 countries.

4. Robert Mouawad & Family - $1.5 Billion

4. Robert Mouawad & Family - $1.5 Billion: Robert Mouawad inherited the family's eponymous high-end jewelry business that his grandfather founded in Beirut in 1890. He turned over management of the business to his sons Fred, Alain and Pascal in 2010. Robert Mouawad also owns extensive real estate and has developed luxury residences on a man-made island in Bahrain.

5. Ayman Hariri - $1.3 Billion

5. Ayman Hariri - $1.3 Billion: Just like his older brother Bahaa, Ayman Hariri inherited a stake in his father's Saudi-based construction company Saudi Oger, and sold it to his brother Saad in 2014. In 2017, he sold his 42% stake in family holding company GroupeMed, which has interests in banking and real estate, for $535 million. He invests in startups through New York-based firm Red Sea Ventures; among its investments was smart thermostat Nest, now part of Google. He's a cofounder and CEO of Vero, an ad-free social media platform that lets users share music, videos and photos.

6. Fahed Hariri - $1.1 Billion

6. Fahed Hariri - $1.1 Billion: Fahed Hariri is the youngest son of the assassinated prime minister Rafik Hariri. In 2012, Fahed Hariri sold his shares in the family construction firm Saudi Oger to his brother Saad Hariri and invested some of the proceeds in Lebanese banks, including Bank Audi, and in real estate in New York, Paris and Monte Carlo.

1.Taha Mikati - $2.2 Billion
2.Najib Mikati - $2.1 Billion: Najib’s bio would have been identical to his brother Taha if not for the former’s history in the Lebanese political scene. He was Lebanon’s Prime Minister from 2011-2014, and From April 2005 to July 2005 in a caretaker government.Najib Mikati - $2.1 Billion
3. Bahaa Hariri - $2 Billion
4. Robert Mouawad & Family - $1.5 Billion
5. Ayman Hariri - $1.3 Billion
6. Fahed Hariri - $1.1 Billion
1.Taha Mikati - $2.2 Billion
1.Taha Mikati - $2.2 Billion: Taha Mikati co-founded Beirut-based holding company M1 Group with his billionaire brother, Najib Mikati. Its investments include stakes in South African telecom firm MTN, fashion retailer Pepe Jeans, and prime real estate in New York, London and Monaco. The billionaires brothers founded Investcom in 1982, selling satellite phones at the height of Lebanon's civil war. After expanding into Africa, the company went public on the London Stock Exchange and the brothers’ stake was bought for $3.6 billion.
2.Najib Mikati - $2.1 Billion: Najib’s bio would have been identical to his brother Taha if not for the former’s history in the Lebanese political scene. He was Lebanon’s Prime Minister from 2011-2014, and From April 2005 to July 2005 in a caretaker government.Najib Mikati - $2.1 Billion
2. Najib Mikati - $2.1 Billion: Najib’s bio would have been identical to his brother Taha if not for the former’s history in the Lebanese political scene. He was Lebanon’s Prime Minister from 2011-2014, and From April 2005 to July 2005 in a caretaker government.
3. Bahaa Hariri - $2 Billion
3. Bahaa Hariri - $2 Billion: Bahaa Hariri inherited his fortune from his father, the assassinated Prime Minister Rafik Hariri. In 2008, he sold his stake in Saudi Oger to his brother Saad Hariri, Bahaa Hariri founded and chairs a real estate holding company with investments in Amman, Jordan and Beirut, Lebanon called Horizon Group. He's the majority owner of Globe Express Services, a logistics company with a presence in more than 100 countries.
4. Robert Mouawad & Family - $1.5 Billion
4. Robert Mouawad & Family - $1.5 Billion: Robert Mouawad inherited the family's eponymous high-end jewelry business that his grandfather founded in Beirut in 1890. He turned over management of the business to his sons Fred, Alain and Pascal in 2010. Robert Mouawad also owns extensive real estate and has developed luxury residences on a man-made island in Bahrain.
5. Ayman Hariri - $1.3 Billion
5. Ayman Hariri - $1.3 Billion: Just like his older brother Bahaa, Ayman Hariri inherited a stake in his father's Saudi-based construction company Saudi Oger, and sold it to his brother Saad in 2014. In 2017, he sold his 42% stake in family holding company GroupeMed, which has interests in banking and real estate, for $535 million. He invests in startups through New York-based firm Red Sea Ventures; among its investments was smart thermostat Nest, now part of Google. He's a cofounder and CEO of Vero, an ad-free social media platform that lets users share music, videos and photos.
6. Fahed Hariri - $1.1 Billion
6. Fahed Hariri - $1.1 Billion: Fahed Hariri is the youngest son of the assassinated prime minister Rafik Hariri. In 2012, Fahed Hariri sold his shares in the family construction firm Saudi Oger to his brother Saad Hariri and invested some of the proceeds in Lebanese banks, including Bank Audi, and in real estate in New York, Paris and Monte Carlo.
Tags:BillionairesLebanonBeirutbeirut explosionArab BillionaireRichRobert Mouawad & FamilyMouawad JeweleryFahed HaririAyman HaririBahaa HaririTaha MikatiNajib Mikati

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