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

Country: Switzerland (Saudi Arabia)

Wealth: 3.1 Billion

Rafiq Hariri’s eldest son, Bahaa, chose not to follow his father’s path into politics and instead forged his own career in business. He currently resides in Geneva, and derives the bulk of his fortune from investment management. Other sectors include real estate development and logistics. His real estate arm, Horizon Development, focuses on commercial projects in Jordan and Lebanon. Horizon Development is a major shareholder in the Abdali Investment and Development Company, responsible for the development of a 20 million sq ft mixed-use project in Amman, worth about $5bn.

As the eldest son of the late Lebanese premier, Rafiq Hariri, Bahaa has made considerable efforts to continue his father’s legacy. Part of that drive has included sponsorship of the Atlantic Council’s Rafiq Hariri Centre for the Middle East, a body that seeks to bind the region’s political and economic ties with the transatlantic nations.