Fahd Hariri is the youngest son of slain Lebanese leader, Rafik Hariri. Just like his siblings, Fahd is a billionaire, and he’s constantly mentioned on the Forbes’ list of the richest people in the world. In 2013, he takes up the 647th spot on the Forbes’ billionaire list, with an estimated net worth of $1.1 billion. His net worth has dropped considering that he was worth $2.7 billion the previous year.
Net Worth: $1.1 billion (as of September 2013)
Source of Wealth: Inheritance, Construction, Investment
Marital Status: Married
Fahd Hariri Background
Fahd Hariri was born in 1980 in Lebanon as the youngest son of slain Lebanese Prime Minister, Rafik Hariri. Rafik was Lebanon’s first Prime Minister, and his death came about as a result of a horrendous terrorist attack in Beirut in 2005. The attack reportedly used about 4000 pounds of explosives, and the heinous act had a horrifying impact on young Fahd, such that he never returned to Beirut ever since. After his father’s death, Fahd and his siblings inherited their father’s fortune. Fahd has been featured on the Forbes’ list of young billionaires on various occasions, and indeed he is one of the richest people not just in the Middle East, but in the world
Fahd’s Business Empire
Even though Fahd never set foot in Beirut after his father’s death, he followed his father’s footsteps and became a contractor, developing buildings and other construction projects in the very city. According to published reports, Fahd immersed himself into the construction business particularly out of love for his father.
Besides being in the construction business, Fahd is also an owner of a furniture company that makes furniture available to clients in Saudi Arabia. He also has investment holdings including several media companies with at least one TV station. Although Fahd has been personally affected by tragedy associated with terrorism, he still had it in him to continue his father’s legacy of developing an unshakable business empire. However, he hasn’t decided to become a high profile figure.
Remarkably, Fahd hasn’t let the riches of his family fund the comfortable lifestyle he lives in. He is actively involved in the day-to-day running of the family empire. He sits on the board of Beirut’s Future Television Network, which is a terrestrial and satellite television network that his father founded back in 1992.
Fahd is also the chairman of Oger Dubai, which is a Saudi Oger Subsidiary. Saudi Oger is considered to be the largest construction company in Lebanon. This construction company is the major source of the Hariri family’s wealth.
Fahd is also the head of the firm’s property portfolio that is estimated to be worth over $1 billion. Additionally, Fahd is involved in several UAE-based projects, including a 5-star hotel in Abu Dhabi. It is also reported that this young billionaire is working on an “Urban Project” in Dubai.
Fahd is married to Jean Fahd. The couple lives in Dubai, United Arab Emirates.