The world’s richest Arabs
Sun 15 Dec 2013 04:47 AM
Saad Hariri
29

Saad Hariri

Country: Lebanon

Wealth: 3.3 Billion

Married with three children, Saudi-born businessman and politician Hariri is the wealthiest in his family, and a huge achiever in the Arab world. After graduating from the McDonough School of Business, he continued to meet the family’s high expectations, and in November 2009, at the age of 40, was sworn in as Lebanon’s prime minister.

Raised in Saudi Arabia, Saad managed part of Rafiq Hariri’s business until his father’s assassination in 2005, when he returned home to follow him into politics and became an elected Member of Parliament (MP). As the general manager of Saudi Oger — the family’s $9bn construction company — he had huge success winning large projects, and helping build the company up to what it is today. But never one to put all his eggs in one basket, Hariri currently holds large stakes in a number of large firms. Solidere, for example, has rebuilt much of Beirut. Following the downturn, he admitted to revising the value of his construction portfolio, but has continued to push forward with a view to emerging from the recession successfully.