Just a few days ago, we featured the richest Lebanese people in the Middle East. This list included several politicians so we thought we’d showcase the richest Lebanese politicians.
Among the previous list, several politicians were highlighted so we got curious about the other politicians. Turns out we have billionaire politicians and quite a few who are super millionaires.
Richest Lebanese Politicians
#1 Nagib Mikati
Najib Mikati was just ranked the number 1 richest Lebanese person in the Middle East. Forbes estimates his net worth at $2.6 billion. Source of wealth is from telecom as well as self-made
Najib Mikati resigned in March 2013 after two years as Lebanon’s prime minister. Before entering politics, he and his brother Taha were telecom operators in Africa and Syria through their company Investcom. They sold it to MTN Group of South Africa in 2006 for $3.6 billion (USD) in cash and stock, and formed M1 Group, an entity with investments in telecom, real estate and retail.
#2 Issam Fares
Issam Fares is one of the most prominent Lebanese businessman and politician in Lebanon. He served as a member of the Lebanese Parliament and the former Deputy Prime Minister of Lebanon. His estimated net worth is $2.3 Billion (USD).
In 1954, at the age of seventeen, Fares left Lebanon and found a job as a clerk at a catering and food services firm in Qatar. Two years later, he was heading Abela Group’s finances and subsequently managing its operations in Pakistan, Kuwait, Iran and Saudi Arabia.
At age 38, Fares went into business for himself and established a civil engineering and construction firm, which completed many notable projects including the world’s longest international bridge, which connects Bahrain to Saudi Arabia.
He then sold the company to British Aerospace and used the proceeds to buy up Houston-based investment firm, Wedge Group, a company that he heads today.
Fun Fact: He owns one of the 200 largest superyachts in the world.
#3 Saad Hariri
Saad Hariri is the son of Rafik Hariri, former Prime Minister of Lebanon prior to his assassination. Saad has followed the footsteps of this father and is now the prime minister of Lebanon. The principal source of his wealth is Saudi Oger, one of Saudi Arabia’s biggest construction companies.
Forbes estimates his net worth at $1 billion (USD) with the source of wealth from construction and inheritance. He’s the 41st richest person in the Middle East.
#4 Michel Aoun
Michel Aoun is an ex-Army General of Lebanon and the current President. He also served as Prime Minister of Lebanon towards the end of the civil war from 1988 to 1990. He’s the founder of the Free Patriotic Movement political party. His estimated net worth is $90 million (USD)
#5 Walid Jumblatt
Walid Bey Jumblatt is a Lebanese politician, the leader of Lebanon’s Druze and the current leader of the Progressive Socialist Party – a party founded by his late father Kamal Jumblatt. He started his professional career as a reporter in Beirut for An Nahar newspaper.
His estimated net worth is $83 million (USD).
#6 Nabih Berri
Nabih Berri, who was born in Sierra Leone, is a Lebanese politician who has been the Speaker of the Parliament of Lebanon since 1992. He was elected leader of the Amal Movement in 1980 and continues to head it today.
His estimated net worth is $78 million (USD)
#7 Tammam Salam
Tammam Salam has held several government positions. He was Prime Minister of Lebanon from February 2014 until December 2016. During the presidential vacuum, he was the acting President from May 2014 to October 2016. He also was the minister of culture from July 2008 to November 2009. His father was also prime minister at some point and his grandfather was a Lebanese official during the Ottoman occupation.
His estimated net worth is $71 million (USD)
#8 Suleiman Frangieh Jr.
Suleiman Frangieh Jr. is the current leader of the Marada Movement. He held various positions in government at various times, including minister of the interior and municipalities, minister of public health, minister of agriculture and housing, minister of municipalities and rural affairs, minister of housing and cooperatives as well as state minister. His grandfather was the 5th President of Lebanon.
His estimated net worth is $65 million (USD)
#9 Amine Gemayel
Amine Gemayel is the Lebanese politician and served as the President of the Lebanon for six years from 1982 to 1988. He served as the 7th president of Lebanon. His family started the Kataeb party. He comes from a family that is heavily involved in Lebanese politics and a family that has fallen victim to assassinations several times. His grandfather was forced to leave Lebanon in the early 20th
His grandfather was forced to leave Lebanon in the early 20th century due to his opposition to the Ottoman Empire. His brother, Bachir Gemayel, was assassinated just a couple weeks after becoming president. His son, Pierre Gemayel, was also assassinated.
His estimated net worth is $58 million (USD)
#10 Michel Suleiman
Michel Suleiman served as the president of Lebanon from 2008 to 2014. Before that, he served as the General of Lebanese Army.
His estimated net worth is $49 million (USD)
Source | Disclaimer: We can’t confirm the net worth and they are simply estimates from a couple sources.