| Name: | Najib Mikati |
| Net Worth: | $3 billion |
| Source of Wealth: | M1 Group |
| Born: | November 24, 1955 |
| Age: | |
| Country: | Lebanon |
| Wife: | Unknown |
| Children: | Mira Mikati, Malick Mikati, Maher Mikati |
| Residence: | Beirut |
| Private Jet: | (T7-MIK) Dassault Falcon 8X |
| Yacht: | Mimtee |
Born on November 24, 1955, Najib Mikati has built an illustrious career spanning various sectors. He is most notably the co-founder of the M1 Group, a substantial and influential conglomerate. With a family comprising his wife and three children (Mira Mikati, Malick Mikati, Maher Mikati), Mikati’s life has been a testament to his hard work and perseverance. His portfolio also includes political success as he served as the Prime Minister of Lebanon in 2005 and again from 2011 to 2014.
Key Takeaways:
In collaboration with his brother, Taha, a former Lebanese Prime Minister, Mikati co-founded the Lebanese telecom group Investcom. In no time, Investcom ascended to become one of the largest telecom providers in Africa and the Middle East, with an impressive customer base of 5 million. Operating under the Areeba brand name, the company’s influence was felt across countries like Benin, Cyprus, Ghana, Guinea Bissau, Liberia, Sudan, Syria, and Yemen.
Investcom made history in 2005 with its Initial Public Offering (IPO) on the London Stock Exchange, which was the biggest IPO by a Middle Eastern company at that time, raising an impressive $740 million. The following year, South Africa-based MTN Group acquired Investcom for a staggering $5.5 billion, turning the Mikati brothers into the richest people in Lebanon.
Post the sale of Investcom, the Mikati brothers’ holding company, the M1 Group, became the largest shareholder in MTN. The M1 Group diversified its business portfolio, venturing into real estate, commercial jets, and fashion, with its ownership of the renowned fashion brand Faconnable.
Beyond their business endeavors, Taha and Najib Mikati are prominent philanthropists. Through their Mikati Foundation, they are committed to improving the welfare and potential of people in the developing world, with a special focus on the Arab World and Africa.
With an estimated net worth of $3 billion each, the combined net worth of the Mikati family stands at a monumental $6 billion, underlining the family’s commercial success and immense wealth.
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Mikati lives in a large palace in Tripoli. The residence is situated in the coast, near the city center.
Tripoli, the second-largest city in Lebanon, is renowned for its rich history and vibrant culture. Founded in the 9th century BC, the city boasts numerous historical monuments, making it a treasure trove for history enthusiasts. Its old town, the “Médina,” is a UNESCO World Heritage Site filled with narrow winding streets, Ottoman-era buildings, and bustling souks. The city’s imposing Citadel of Raymond de Saint-Gilles offers panoramic views of Tripoli and the Mediterranean Sea.
As a coastal city, Tripoli is also known for its beautiful beaches. The local cuisine, a delightful blend of Middle Eastern flavors, is another highlight for visitors. Furthermore, Tripoli is a hub of economic activity, hosting Lebanon’s largest port. Despite facing challenges such as urbanization and socio-economic disparity, Tripoli continues to foster a strong sense of community. Its diverse population, comprising various religious and ethnic groups, adds to the city’s unique charm. Ultimately, Tripoli is a city of contrast, intertwining history, culture, and modernity.
He is the owner of the luxury yacht Mimtee. He previously owned a smaller yacht also named Mimtee. He sold the yacht to the Pritzker family, who named her Ramble on Rose.
The Mimtee yacht was meticulously built by CRN and artfully designed by Zuccon International Project in 2019.
With powerful Caterpillar engines, she can cruise at 12 knots and reach a top speed of 16 knots with a range exceeding 3000 nm.
Luxury features include a beach club, a gym, a massage room, an elevator, a bar, two Jacuzzis, and a helicopter platform.
There are two business aircraft registered to the M1 group. A Dassault Falcon 2000, with registration T7-ONE. And a brand new Dassault Falcon 8X private jet with registration T7-MIK.
The Dassault Falcon 8X is a long-range, tri-jet business jet produced by the French company Dassault Aviation. It is the latest addition to the Falcon family, and it was designed to be the flagship of the line. The 8X is a significant improvement over its predecessor, the Falcon 7X, offering increased range, speed, and cabin space. The Falcon 8X has a range of 6,450 nautical miles (11,945 km) and can fly up to Mach 0.90. Its powerful Pratt & Whitney Canada PW307D engines provide a maximum thrust of 6,722 pounds each. The 8X can accommodate up to 19 passengers in its spacious cabin, which measures 42.6 feet (13 meters) in length.
The Falcon 8X’s cabin is designed to provide passengers with the utmost comfort and luxury. The cabin’s height is 6 feet 6 inches, allowing for ample headroom, and it has a width of 7 feet 8 inches, making it one of the widest cabins in its class. The 8X’s cabin also features large windows, providing passengers with stunning views of their surroundings.
The Falcon 8X’s interior is highly customizable, with a range of layout options and a variety of high-quality materials available for the interior finishes. Passengers can enjoy a range of amenities, including a fully-equipped galley, a private lavatory, and an advanced in-flight entertainment system.
The Falcon 8X features some of the most advanced avionics in the business aviation industry. The aircraft is equipped with the Dassault FalconEye combined vision system, which combines synthetic and enhanced vision technologies to provide pilots with unprecedented situational awareness, even in low visibility conditions. The aircraft’s advanced flight control system also makes it one of the easiest jets to fly, with pilots enjoying exceptional control and handling.
Overall, the Dassault Falcon 8X is an exceptional business jet that offers its passengers an unparalleled combination of comfort, luxury, and performance. Its long-range capabilities and advanced avionics make it an ideal aircraft for intercontinental travel, while its spacious cabin and customizable interior make it an excellent choice for those who demand the very best in private air travel.
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Yacht Owners Database 2024
