Mikati ranked Lebanon's richest man: Forbes [The Daily Star, Beirut, Lebanon]
(Daily Star, The (Beirut, Lebanon) Via Acquire Media NewsEdge) March 04--BEIRUT -- Prime Minister Najib Mikati was ranked the 384th richest man in the world and the wealthiest in Lebanon, followed by his brother Taha, according to Forbes Magazine.
The net worth of the the 57-year-old prime minister was estimated at $3.5 billion, the magazine's list of the world's billionaires showed.
The fortune of his older brother, Taha, was also estimated at $3.5 billion, the magazine said Monday.
In 1982 the Mikati brothers founded Investcom, a telecommunications company, which was sold to South Africa's MTN Group for $5.5 billion in 2006.
Mikati is also the co-founder of M1 Group, a privately owned, multi-billion dollar financial and industrial conglomerate with interests in telecoms, real estate, transport, as well as oil and gas.
Bahaa Hariri, the eldest son of the late Lebanese Prime Minister Rafik Hariri, was ranked the 613th richest man in the world, with an estimated net worth of $2.4 billion. The sources of 46-year-old's wealth are real estate, investments and logistics, the magazine said.
Hariri's brother, Saad, 42, a former prime minister and the head of Lebanon's Future Movement, was ranked the 792th richest man in the world, with a net worth of $1.9 billion. His sources of wealth are construction and investments.
Ayman and Fahd Hariri, in their thirties, were both ranked the 1088th richest men in the world with a net worth of $1.35 billion each. The sources of their wealth are construction and investments.
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