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Issam Fares

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Lebanese businessman
Issam Fares
BornIssam Michael Fares
1937 (age 86–87)
Tripoli, Lebanon
EducationTripoli College
Occupation(s)Businessman, politician
SpouseHala Fares

Issam Fares (born 1937) is a Lebanese businessman, former member of the Parliament of Lebanon and Deputy Prime Minister of Lebanon.

Early life

Issam Michael Fares was born in Tripoli, Lebanon, in 1937. He was educated at Tripoli College, and graduated in 1954.

Career

In 1954, at the age of seventeen, Fares left his homeland to work as a clerk at a catering and food services firm in Qatar. Two years later, he was heading Abela Group’s finances and subsequently managing its operations in Pakistan, Kuwait, Iran and Saudi Arabia.

At age 38, Fares established a civil engineering and construction firm, which completed many notable projects including the world's longest international bridge, which connects Bahrain to Saudi Arabia.

He then sold the company to British Aerospace, and used the proceeds to buy US-based investment firm, Wedge Group; a company that he heads today.

Politics

In the general elections of 2000, Fares won the seat of Akkar, the first district of the North Lebanon. He served as deputy prime minister of Lebanon from 2000 to 2005.

Honours

The Fares Center for Eastern Mediterranean Studies at Tufts University, the Issam Fares Institute for Public Policy and International Affairs at the American University of Beirut, and the Issam Fares Faculty of Technology at the University of Balamand are named after him.

Personal life

Fares has 3 sons with his first wife. He is married to Hala Fares, his second wife. They have a daughter, Noor Fares.

Issam Fares owns one of the 200 largest superyachts in the world, the Wedge Too. It has a length of 66m, and was designed by Philippe Starck. It was built in 2002 in the Netherlands.

Fares has donated over 1 billion US dollars to various political, educational and philanthropic institutions.

References

  1. ^ "Issam Michael Fares: Chairman, Wedge Group". Wedge Group. Retrieved 28 December 2019.
  2. Who's Who in Lebanon (19th ed.). Beirut: Publitec Publications. 2007. p. 127. doi:10.1515/9783110945904.476. ISBN 978-3-598-07734-0.
  3. "Rich List-Issam Fares", Arabian Business - Rich List, 10 December 2008. Accessed 22 March 2016.
  4. "Arabian Business Rich List 2010". Arabian Business. Retrieved 2015-11-27.
  5. "Issam M Fares, Wedge Group Inc: Profile and Biography". Bloomberg News.
  6. "Opposition Candidates Win Elections". APS Diplomat Recorder. 9 September 2000. Retrieved 10 March 2013.
  7. "Arabian Business Rich List 2010". Arabian Business. Retrieved 3 October 2012.
  8. "Superyacht Wedge Too", Super Yacht Fan. Accessed 5 April 2016.
  9. "Top 200 largest yachts". Boat International. Retrieved 2015-11-27.
  10. "ISSAM FARES • Net Worth $2 Billion • House • Yacht • Private Jet".
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