Despite the current crisis in Lebanon, billionaire and former Prime Minister Nagib Mikati’s fortune is at its highest, with $ 2.6 billion, according to the annual Forbes ranking released today.
He had been prime minister twice, from April to July 2005 and from June 2011 to February 2014.
In the space of a year, the former tenant thus managed to earn $ 500 million, allowing his fortune to increase from $ 2.1 billion to $ 2.6 billion, while at the same time the value of the currency Lebanon has deteriorated from 1507 LL / USD to just under 12,000 LL / USD on the black market and that 65% of the population now live below the poverty line, that is to say on less than 6 USD per day .
As a reminder, Nagib Mikati founded a telecommunications company in 1982 in association with his brother. This will become the Mikati group in 2007, with significant investments in the Arab world and in Lebanon, with shares in Banque Audi and also in the LibanPost group.
Nagib Mikati had since been accused by a prosecutor in November 2019 of being involved in financial embezzlement. He had thus been indicted his brother Taha but also his nephew, as well as the Audi bank, all accused of having embezzled public funds intended for the purchase of real estate, via loans subsidized by the Banque du Liban (BDL ) originally intended for people with limited means.
He had also been accused, along with Prime Minister-designate Saad Hariri, by the European Parliament of having embezzled funds originally intended to finance a waste reprocessing program in northern Lebanon and of having threatened the launchers of ‘alerts.