10 LEBANESE BILLIONAIRES That Will Make You Feel Poor - YouTube

Channel: Fact Addict

[1]
- [Narrator] Last year, Lebanon ranked among
[2]
the top 15 most billionaire-dense countries.
[5]
Recently, Forbes yet again released its annual list
[7]
for the richest people in the world.
[9]
So, naturally, more than a few Lebanese
[12]
made it onto the prestigious list yet again.
[14]
Among them are the richest
[16]
self-made billionaire in the Middle East,
[17]
the greatest art dealer in the world,
[18]
the richest banker in the world,
[20]
the richest man in Mexico,
[22]
and even a man who outranked Bill Gates
[24]
for richest man in the world three years in a row.
[27]
Welcome to another episode of Fact Addict
[29]
and today we're counting down
[31]
the top 10 Lebanese Billionaires
[32]
that made the Forbes list in 2020.
[35]
Before we begin,
[36]
make sure you subscribe to the channel
[38]
and hit that notification bell
[40]
because we release videos every week
[42]
and you don't want to miss a thing!
[44]
So, in order of net worth,
[46]
here are the top 10 Lebanese billionaires.
[50]
Number 10, Manuel Moroun and Family, $1.6 Billion.
[55]
Although he lost $400 million since 2019,
[57]
at 92 years old Manuel Moroun
[60]
is still the 10th richest man
[61]
from Lebanese descendants in the world.
[63]
The American-Lebanese is old money
[65]
and his biggest investment
[66]
is his ownership of Detroit's Ambassador Bridge,
[69]
the largest border crossing between the U.S. and Canada.
[72]
He is also the CEO of holding company CenTra
[75]
and other family-held
[76]
transportation and logistics companies.
[78]
Number nine, David Nahmad, $1.9 Billion.
[84]
David Nahmad is a Jewish-Lebanse Monegasque art dealer
[86]
and perhaps the "single biggest buying force in fine arts".
[89]
Together with his family,
[91]
David holds several modern
[92]
and impressionist pieces of art worth over $3 billion.
[96]
The Nahmad's stockpile of arts is stored
[98]
in a duty-free warehouse in Geneva, Switzerland.
[100]
According to Forbes,
[102]
David also trades a currency
[103]
and stock portfolio worth more than $300 million.
[107]
Not bad!
[108]
Number eight, Bahaa Hariri, $2 Billion.
[112]
Various members of the Hariri
[114]
family remain spread out across
[115]
the Billionaire Forbes list,
[117]
and with a net worth of $2 billion dollars,
[119]
Bahaa Hariri sits on top of the Hariri pyramid.
[122]
Bahaa inherited most of his fortune from his late father,
[125]
former Lebanese Prime Minister Rafic Al-Hariri.
[128]
Using his dad's money,
[129]
Bahaa has founded the real estate company Horizon Group,
[132]
with investments in Beirut and Jordan.
[134]
He also owns the majority of Globe Express Services,
[137]
a logistics company found in more than 100 countries!
[140]
Number seven, Alec Gores, $2 Billion.
[144]
Alec Gores is the brother of Tom Gores
[146]
and are both from the Gergious family in Lebanon.
[149]
Alec Gores didn't make it on last year's Forbes list,
[152]
but this year he jumped up
[153]
and now holds a steady spot on the 2020 list
[156]
with a net worth of over $2 billion.
[158]
Gores founded the tech firm
[160]
Executive Business Systems in 1978
[163]
but eventually sold it
[164]
and used the proceeds to launch his own
[165]
private equity career known as The Gores Group.
[169]
Brothers Alec and Tom worked together
[170]
at the beginning of their careers
[172]
but parted in 1995 to pursue different professions.
[175]
Number six, Najib Mikati, $2.2 Billion.
[180]
Mikati is the wealthiest
[182]
self-made billionaire in the Middle East.
[184]
He and his brother Taha founded
[185]
the company Investcom in 1982,
[187]
selling satellite phones
[189]
at the height of Lebanon's civil war
[191]
and later started out their own holding company.
[193]
The Mikati brothers used to hold
[194]
a joint place on the Forbes list until just last year.
[197]
Now, Najib Mikati boasts a net worth
[199]
of $2.2 billion dollars and ranks all on his own.
[203]
Aside from his business ventures,
[205]
Najib Mikati has also served twice
[206]
as Lebanon's Prime Minister in 2011 to 2014,
[210]
and in 2005 during a caretaker government.
[214]
Number five, Taha Mikati, $2.2 Billion.
[218]
Tying for spot number five
[219]
is Najib Mikat's other half, Taha.
[222]
Taha has co-founded, along with his brother Najib Mikati,
[224]
Beirut-based holding company M1 Group.
[227]
The Mikati brothers are known in Lebanon
[229]
for their wealth and billions
[230]
and brother Taha boasts
[232]
an equally large net worth of $2.2 billion dollars.
[234]
The M1 Group's investments include
[237]
stakes in South African telecom firm MTN,
[239]
fashion retailer Pepe Jeans,
[241]
and prime real estate in New York, London, and Monaco.
[245]
They have recently expanded their business in Africa
[247]
by building cellphone towers,
[249]
so their net worth is only bound to grow for years to come.
[253]
Number four, Tony Tamer, $4 Billion.
[256]
Tamer is the co-CEO of HIG Capital,
[259]
a private equity firm with
[260]
$34 billion under their management.
[262]
He co-founded the private equity firm in 1993
[265]
with another Lebanese businessman, Samer Mnaymneh.
[269]
Tony Tamer may not have scored a place
[270]
in the 2019's Real-Time Billionaire Forbes,
[273]
but he sure did now in 2020 with a $4 billion net worth,
[276]
making him the fourth richest man
[278]
with Lebanese origins in the world,
[280]
and that's saying something!
[282]
Number three, Tom Gores, $5.7 Billion.
[287]
On spot number three, we have Alec Gores' richer half,
[289]
Tom Gores from the Gergious family.
[291]
And while his name may sound American,
[293]
his birth name Tewfiq Gergious sounds a lot more Lebanese.
[297]
After splitting ways with brother Alex in 1995,
[300]
Tom Gores founded the Platinium Equity firm,
[302]
and with a current net worth of $5.7 billion dollars
[304]
he has done quite well for himself.
[307]
The Lebanese-American investor began his career
[309]
by stocking shelves at his father's
[310]
small grocery store in Flint.
[312]
Today, you might best know Gores from sports,
[314]
as he became the owner of the NBA's Detroit Pistons.
[317]
Number two, Joseph Safra, $20.4 Billion.
[322]
Joseph Safra is the richest banker in the world.
[324]
He has preserved the dynasty
[326]
and legacy of his brother Edmond Safra
[327]
and the whole Safra family for decades.
[330]
Since last year alone,
[331]
he has gained $3 billion
[333]
and his wealth is only set to grow in the future!
[335]
Safra owns Banco Safra in Brazil,
[337]
the eighth largest bank in Mexico,
[339]
and J. Safra Sarasin in Switzerland.
[342]
He also owns 50% of banana
[343]
grower Chiquita Brands International,
[345]
the other 50% is owned by Brazilian
[347]
orange juice billionaire Jose Cutrale.
[350]
Between his bananas and banking,
[351]
Joseph Safra boasts a new worth of $20.4 billion.
[356]
Number one, Carlos Slim Helu and Family, $47.7 Billion.
[361]
Ending our list is the richest man in Mexico,
[364]
Carlos Slim Helu.
[364]
The Lebanese-Mexican businessman
[367]
tops Lebanon's richest personalities.
[369]
Helu and his family control Latin America's
[372]
biggest mobile telecom firm America Movil.
[374]
He was the first to introduce a phone company
[376]
in Mexico with Telmex in 1990.
[379]
Telmex is now part of the thriving America Movil.
[382]
Helu also owns 17% of The New York Times
[384]
and has stakes in Mexican constructions,
[387]
consumer goods, mining, and real estate companies.
[389]
Helu was the richest man in the world
[391]
in 2010, 2011, 2012, and 2013.
[395]
He was only outranked by Bill Gates in 2014
[397]
and reigned on the throne of number five
[399]
in the year 2019 with a net worth of $64 Billion.
[402]
This year, his riches have made him
[404]
the 16th richest man in the world
[406]
with a respectable net worth of $47.7 billion.
[409]
And that's it for today's video!
[412]
Were you surprised to see how many
[413]
Lebanese billionaires there are in the world?
[415]
Let us know in the comments below!
[417]
If you haven't yet,
[418]
don't forget to like, subscribe,
[419]
and turn on notifications
[421]
for more awesome videos like this one.
[423]
See you in the next one!