Who is Issam Fares?
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-Chairman.
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$500 million. On their capital raising requirements.
Fares is an active philanthropist, donating to good causes like education and research. Donation projects include the Fares Endowed Fund for Cancer Research and the Endowed Fund for Heart Research.
Issam Fares Net Worth
His net worth is estimated at more than US$ 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.