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Lebanese politician, businessman and current Prime Minister of Lebanon, Najib Mikati who made his fortune in telecom in Africa, has an estimated net worth of $2.6 billion, making him the richest man in Lebanon.
He now faces an increasingly complex and destabilizing situation next door in Syria, where dictator Bashar al-Assad is attempting to crush revolts against his regime. Syria wields enormous influence over Lebanon’s politics, and Mikati is a personal friend of Assad. His company M1 Group is the largest individual shareholder in South Africa’s telecom MTN Group which operates cell phone networks in Syria, along with Syriatel, owned by Assad’s cousin Rami Makhlouf.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2011 |
Asset |
Current value of Investcom as one of the company's founders |
$3,300,000,000 |
|
2011 |
Asset |
Purchase value of prime real estate in New York and London |
$1,000,000,000 |
|
2011 |
Asset |
Purchase value of a stake in MTN, one of Africa's largest telecom firms |
$3,500,000,000 |
|
2011 |
Asset |
Money spent for the establishment of an office and residential complex in Beirut |
$250,000,000 |
|
2011 |
Asset |
Purchase value of a stake in a large Lebanese bank |
$349,000,000 |
|
2007 |
Asset |
Purchase value of Façonnable, a purveyor of French preppy apparel, from Nordstrom |
$210,000,000 |
|
2006 |
Sale of Asset |
Sale of Najib Mikati's 70.6% stake in Investcom to South Africa's MTN |
$5,500,000,000 |