Najib Mikati Net Worth, Biography, Business, Wife and Kids

Najib Mikati Net Worth   $4 Billion

Born and raised in Beirut, a beautiful city in Lebanon, Najib Mikati is, today, a billionaire tycoon who has amassed a decent income from the telecom industry. He is also a famous Lebanese politician, known to have held a political seat in his country in the past. This self-made billionaire served as the Lebanese Prime Minister for two terms.

According to a recent Forbes publication, Najib is currently the wealthiest man in Lebanon and the 534th richest person in the world, thanks to his primary source of wealth which is known to be the telecom industry. More details follow in the next paragraph.

Early Life: Childhood, Education

He was born Najib Azmi Mikati on the 24th of November 1955, in Beirut, Lebanon. His childhood was an ordinary one just like that of most other children born into middle-class citizens. Theirs was a traditional Sunni Muslim family that was based out of Tripoli.

When the time was right, Najib attended the University of Beirut for his MBA. He also did two summer school courses at Harvard and in the French business school INSEAD.

Professional Life: Business Career, Politics

After acquiring his MBA degree from the University of Beirut, Najib teamed up with one of his brothers named Taha, and they co-founded a telecommunications company in the year 1982. They called their telecoms company “Investcom” and led it to own several profitable projects running in Lebanon, Syria, and across Africa. The brothers eventually sold this company in the year 2006 for a whopping $5.5 billion.

Mr. Najib’s wealth has always been a subject to be talked about in the media due to the nature of his job, starting from his meteoric rise to success and fame.

Forbes magazine estimates the businessman to be worth a huge fortune, thanks to the profit he realized from the sales of his company which instantly made him the wealthiest man in Lebanon. His company, Investcom, was acquired by the South African telecoms giant MTN Group.

Away from his business accomplishments, Najib Mikati also had another intriguing experience in politics. He served as the Lebanese Prime Minister for two terms and resigned from his position in 2013 due to the increasing tension in the country due to the Syria war.

Achievements: Awards & Honors

Besides being declared the wealthiest man in Lebanon by Forbes magazine and the Bloomberg Billionaire Index, Mr. Najib hasn’t received any other awards in his lifetime. However, he is respected for all his numerous accomplishments as a businessman and politician.

In his time in public office, Mr. Najib certainly put in his maximum efforts to keep Lebanon out of conflict. His telecoms company was identified as one of the largest in the Middle East, and he successfully ran the company for many years before selling it off to the MTN Group.

Despite having resigned from his position as the Prime Minister of Lebanon, Mr. Najib Mikati still continues to maintain an active presence in the political scene in the country.

Personal Life: Wife, Children, Private Interest

At this moment, there isn’t much that has been made public concerning the private life of this businessman. Though many sources suggest that he is still a practicing Sunni Muslim is based out of Tripoli, the businessman himself hasn’t come out to put a stamp of approval on these details.

A married man and proud father of three children, Mr. Najib holds Lebanese citizenship and is known to always keep a close relationship with his brother turned business partner, Taha.

Najib Mikati Net Worth: Salary, Assets, Income Sources

Najib Mikati’s net worth is roughly 4 billion dollars, courtesy of his success in the telecommunications industry. His current financial status makes him the wealthiest person in Lebanon by a fine margin. His success happened to stem from Investcom, a telecommunications company he started with his brother Taha in the early 80s.

As fate would have it for the two men, their company went on to become a highly successful venture, and by the time they sold this business to the South African company MTN Group, it was worth more than $5 billion.

Apart from his involvement in telecommunications, Najib also has an interest in retail, real estate, and international travels through the M1 Group which he founded with his brother and business partner Taha Mikati. During the late 90s, he was voted in as Lebanon’s Minister of Public Works and Transport.

In the year 2000, he got elected to the National Assembly. Five years afterward, he became the Prime Minister of Lebanon and served for two terms before resigning from the position.