Compiling the list of the richest Lebanese people in the world is a notoriously difficult exercise. Many have tried and nobody seems to agree on both the Listees and their estimated fortune. Not because there are so many but simply because Lebanese wealth is often “hidden” and hence oblivious to the approach of magazines like Forbes who are good at estimating the net worth of people like of Bill Gates (US citizens must disclose their assets + his Microsoft wealth is easy to estimate: number of shares x share price) but terrible at evaluating the wealth of, let’s say, African billionaires (who are hence rarely listed). The exercise is therefore much more complicated than Forbes’ simplistic approach that omits, every year, thousands of billionaires (and a lot of hidden money) in its listing of the world’s richest. The below list was therefore carefully put together by the Middle East Wealth Report ®, itself using many different sources, techniques and approaches to peg Lebanon’s richest and their estimated fortune (whether them or their family, a trait specific to Middle East wealth).
|1||Carlos Slim||US$72.5 billion||Lebanese by both his parents.|
|2||Al-Waleed bin Talal||US$20.5 billion||Half Saudi, half Lebanese.|
|3||Edmond Safra||US$12.5 billion||Safra Family.|
|4||Gilbert Chagoury||US$4.2 billion||Nigerian Lebanese.|
|5||Nicolas Hayek||US$3.9 billion||Hayek Family.|
|6||Robert Mouawad||US$3.5 billion||Mouawad Family.|
|7||Taha Mikati||US$2.8 billion||Brother of Najib.|
|8||Najib Mikati||US$2.6 billion||Brother of Taha.|
|9||Bahaa Hariri||US$2.5 billion||Brother of Saad and Fahd.|
|10||Issam Fares||US$2.3 billion||Fares Family.|
|11||Saad Hariri||US$2.1 billion||Brother of Bahaa and Fahd.|
|12||Manuel Moroun||US$1.8 billion||American Lebanese.|
|13||Alec Gores||US$1.7 billion||American Lebanese.|
|14||Carlos Haddad||US$1.6 billion||Brazilian Lebanese.|
|15||Hassan Sabra||US$1.5 billion||Israeli Lebanese.|
|16||Fahd Hariri||US$1.3 billion||Brother of Bahaa and Saad.|
|17||Joe Jamail||US$1.3 billion||American Lebanese.|
|18||Charles Corm||US$1.2 billion||Corm Family.|
|19||George Joseph||US$1.1 billion||Joseph Family.|
|20||Fred Mouawad||US$1.0 billion||Son of Robert.|
Source: Middle East Wealth Report ®, 2014.
Subscribe to MENA Opportunities and get more...