Najib Mikati, currently serving as the Prime Minister of Lebanon, holds the title of being the country’s wealthiest individual. As of 2023, Forbes reported his net worth to be a staggering $2.8 billion. This amount, however, reveals not only a story of success but also a journey marred with controversies.
Najib Mikati is not just another name in Lebanese politics; he’s an institution in himself. His dual role as a businessman and politician places him at the intersection of power and wealth in Lebanon. Yet, this prominence hasn’t come without its share of allegations and controversies.
| Date | Data | Summary |
|---|---|---|
| 1955 | Born in Tripoli, Lebanon | |
| 2000-2005 | Served as a member of parliament for Tripoli | |
| 2005 | Briefly served as Prime Minister | |
| 2009-2018 | Re-elected to parliament | |
| 2011-2014 | Served as Prime Minister | |
| 2014 | Charged with illegitimate gains | |
| 2019 | Acquitted of corruption charges | |
| 2021 | Designated as Prime Minister for the third time | |
| 2023 | Net worth estimated at $2.8 billion by Forbes | Making him the richest man in Lebanon |
From 2000 to 2005, Mikati represented Tripoli in the parliament. His political influence was evident as he got re-elected in 2009 and again in 2018. And it’s not just the parliament; in July 2021, he took on the role of Prime Minister for the third time.
M1 Group, a renowned investment firm based in Beirut, owes its inception to Mikati. With diversified interests in telecom, real estate, and fashion, the company boasts of associations with global giants such as MTN and Pepe Jeans.
Forbes, in its 2023 edition, acknowledged Mikati as Lebanon’s richest man. At a net worth of $2.8 billion, he stands tall not just in wealth but also in influence.
A decline of $400 million was noted in Mikati’s net worth since 2022. The economic turbulence in Lebanon, characterized by a nosedive in the Lebanese pound’s value, might be the underlying cause.
Mikati’s journey to the top hasn’t been devoid of bumps. Multiple corruption accusations have been thrown his way. One significant allegation was in 2014, where he faced charges of illegitimate gains. However, by 2019, he was acquitted of these charges.
To label Najib Mikati merely as Lebanon’s richest man would be an oversimplification. He’s a blend of business acumen, political skill, and resilience. His legacy, with all its complexities, continues to unfold.
FAQs
Q: Who is Najib Mikati?
A: He is a prominent Lebanese businessman, politician, and the current Prime Minister of Lebanon.
Q: How much is Najib Mikati’s net worth in 2023?
A: According to Forbes, his net worth in 2023 is $2.8 billion.
Q: Has Mikati faced any controversies?
A: Yes, he has been accused of corruption, especially in 2014, but was acquitted in 2019.
Q: What is M1 Group?
A: M1 Group is a Beirut-based investment firm co-founded by Najib Mikati, with interests in various sectors including telecom and fashion.
