| Name: | Issam Fares |
| Net Worth: | $ 2 billion |
| Source of Wealth: | Wedge Group |
| Born: | May 10, 1937 |
| Country: | Lebanon / USA |
| Spouse: | Hala Fares |
| Children: | Fares Fares, Nijad Fares, Noor Fares |
| Residence: | Monaco, MC |
| Private Jet: | Boeing 727 (N721MF) (sold) |
| Yacht: | Wedge Too |
He is a prominent Lebanese businessman. And a former member of the Lebanese Parliament. And he served as Deputy Prime Minister of Lebanon from 2000 to 2005. He was born in May 1937. He is married to Hala Fares. They have at least 2 sons and a daughter: Nijad, Fares, and Noor Fares.
He operates the Houston, Texas-based Wedge Group. The Wedge Group is active in energy, real estate, and tourism.
Wedge Real Estate Holdings holds the USA real estate portfolio. It is worth more than US$ 300 million. The portfolio includes 1,500 hotel rooms and more than 1,500 square feet of offices.
Issam’s son Nijad Fares is CEO at the Wedge Group. Fares Fares is Vice-
Wedge Alternatives advises private equity managers on the structuring, marketing, and distribution of their funds. The company advises private companies with revenues between US$50 million and US$500 million. On their capital raising requirements.
Fares is an active philanthropist, donating to good causes like education and research. Donation projects include the Fares Endowed Fund for Cancer Research and the Endowed Fund for Heart Research.
His net worth is estimated at more than US$ 2 billion. The personal website of Mr. Fares: www.issamfares.org.
Issam’s wife Hala Fares is an artist and a collector of jewelry and china. His daughter Noor Fares is a jewelry designer.
Issam and Hala Fares are the owners of a large stud farm in Normandy France. The farm named Haras de Manneville is home of about 75 horses. The estate is made up of 140 acres. Of which 100 acres are devoted to the horses. The family does not use the farm as their residence. We think they have residences in California, USA and in Monaco.
Do you know more about his house? Please do send us a message.
He is the owner of the yacht Wedge Too.
He used to own an old Boeing 727 with registration N721MF. The jet was long sold, but still flies as M-STAR. .Unfortunately, we have not yet been able to identify his current private jet. But please do send us a message if you have information about his business jet.
(Photos by JetPhotos.com, Planespotters.net ; flightaware.com; flickr.com; picssr.com; planefinder.net ) Do you want us to remove a certain photo? Or credit a source? Please send us a message
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