Mikati's rise and Hariri's slide in Forbes list of billionaires

Forbes magazine’s annual survey of the world’s billionaires for 2012 included on its list six people from Lebanon, – four members from the Hariri family and two members of the Mikati family. The survey ranked Prime Minister Najib Mikati and his brother Taha Mikati in 377th place with a net worth of $3 billion each, […]

Carlos Slim ranks as world’s richest person for second year

At an age when most people enjoy retirement, Mexican tycoon Carlos Slim grew his personal fortune by some $20 billion in one year through gains in his telecommunications and mining businesses. The value of the 71-year-old’s companies as measured by Forbes, around $74 billion, is nearly twice the projected 2011 gross domestic product of Lebanon,