#1 Najib and Taha Mikati ($2.5B)
With 2.5 billion, both siblings Najib and Taha Mikati hold a joint place at #916.
As mentioned in our Top 10 Richest Lebanese Politicians list, Najib Mikati is no stranger to mogul status. He served twice as Prime Minister of Lebanon, and he is by far the wealthiest self-made billionaire in the Middle East.
The Mikati siblings built their empire from scratch, back in 1982, when they founded Investcom, selling satellite phones at the height of the civil war of Lebanon.
Today, the Mikati siblings share the ownership of M1 Group, a highly successful Beirut-based investment firm. Its investments include stakes in South Africa, France, New York, London, and Monaco.
#2 Issam Fares ($2.3 B)
Issam Michael Fares is a prominent Lebanese businessman, a former member of the Lebanese Parliament and former deputy Prime Minister of Lebanon. Now 80, Fares is a billionaire entrepreneur with an estimated net worth of $2.3 billion.
#3 Bahaa Hariri ($2.1B)
Treading on the heels of the Mikati siblings and Mr. Fares, with a net worth of 2.1 billion, Bahaa Hariri takes third place on our 2019 list and ranks the 1116th worldwide on the Forbes’ List.
Bahaa is the eldest son of martyred Lebanese Prime Minister Rafiq Hariri and an heir to a large portion of the fortune of his father. Bahaa expanded his financial lead in 2008 when he sold his stake in Saudi Oger, the Hariri family’s construction business, to his brother Saad, the current prime minister of Lebanon.
#4 Robert Mouawad ($1.5B)
Further down the Forbes’ list, and 4th on ours, Robert Mouawad and his sons occupy the 1511th place with a staggering $1.5 billion.
As any Lebanese can tell you, the name of the Mouawad family has long been tied to the most luxurious jewelry business in the Middle East. The business was established in Beirut in 1890 and passed from father to son to include Alain and Pascal Mouawad in 2010.
#5 Ayman Hariri ($1.3B)
Unsurprisingly, another Hariri has graced the Forbes’ list and ours.
A son of late Prime Minister Rafiq Hariri, Ayman became a young billionaire at the age of 27 when he inherited his stake in the company of his father, Saudi Oger. In 2014, Ayman followed in the steps of his older brother Bahaa and sold his share to his brother Saad.
#6 Fahed Hariri ($1.2B)
The youngest sons of Hariri, Fahed wraps up the Forbes’ list of Lebanese top billionaires of 2019 with a respectable $1.2 billion.
After selling his share in Saudi Oger to his brother Saad, Fahed chose to invest in Lebanese banks, including Bank Audi, and in real estate in New York, Paris, and Monte Carlo. He is also a developer of residential buildings in Beirut.
#7 Carlos Slim Helu ($64 B)
Needless to say, the Lebanese descendant Carlos Slim Helu still holds his place in the prestigious list of Forbes, for 2019 as well. He reigns on the throne of the 5th richest person in the world!
The Helu family controls America Movil, the biggest mobile telecom firm in Latin America. Carlos also owns stakes in Mexican construction, consumer goods, mining, and real estate companies, and 17% of The New York Times.
With a whopping $64 billion, Helu was the richest man in the world four years in a row from 2010 to 2013, outranked only by Bill Gates in 2014.
#8 Joseph and Lily Safra ($17.4 B)
With $17.4 billion, the Safras take the cut as the 2nd richest family of Lebanese who settled abroad. Joseph Safra was born and raised in Beirut before moving to Brazil in his early 20s to establish his banking empire.
#9 Gilbert Chagoury ($7.4 B)
Lebanese businessman, diplomat, and philanthropist Gilbert Chagoury built an industrial conglomerate with interests in construction, real estate, and property development, flour mills, water bottling and purification, glass manufacturing, insurance, hotels, furniture manufacturing, IT, catering, telecommunications, and international financing.
Born to Lebanese immigrant parents in Lagos, Nigeria, Mr. Chagoury studied in Lebanon at the Collège des Frères Chrétiens before returning to Nigeria.
#10 Jacques Saade ($7 B)
Before passing away in June of 2018, Lebanese-born French businessman Jacques Saade ranked #228 with $7 billion. He was the founder and chairman of the third largest container transportation and shipping company in the world, the CMA CGM Group.