Fouad Makhzoumi
Photo: Ibrahim Amro EC, CC BY 4.0, via Wikimedia Commons14

Fouad Makhzoumi

Lebanese billionaire and politician

Fouad Makhzoumi (Arabic: فؤاد مخزومي; born 1952) is a Lebanese billionaire, businessman and politician, founder of the National Dialogue Party and member of the Renewal Bloc in the Lebanese Parliament.2

From Wikipedia’s article on Fouad Makhzoumi (this version), CC BY-SA 4.0.

Born 1952.1

Net worth $1.0B (as of Jun 25, 2021).15 Richest people

About

He is a member of The Trilateral Commission.

From Wikipedia’s article on Fouad Makhzoumi, shared under CC BY-SA 4.0.2

Companies

Early life and education

  • Date not recordedUniversity of Michigan3
  • Date not recordedMichigan Technological University3

Makhzoumi was born in Beirut, Lebanon in 1952. He has bachelor's and master's degrees in chemical engineering from Michigan Technological University.

From Wikipedia’s article on Fouad Makhzoumi (this version), CC BY-SA 4.0.

Career

Occupation: politician, businessperson.7

  • Date not recordedFounded Makhzoumi Foundation4
  • Date not recordedChief executive, Future Pipe Industries5
  • Date not recordedMember of the Parliament of Lebanon6

In 1984, Makhzoumi co-founded Future Pipe Industries, and was CEO from 1986 to 2003, when his son, Rami, took over as CEO, with Makhzoumi as chairman until 2011, when he resumed the CEO role.

In 2018 and 2022 he was elected to the Lebanese Parliament (Beirut II district, Sunni seat).

In his role as an MP, Makhzoumi expressed support for Lebanon to make peace with Israel and join the Abraham Accords once Hezbollah is disarmed and cannot launch attacks against Israel from Lebanon.

From Wikipedia’s article on Fouad Makhzoumi (this version), CC BY-SA 4.0.

Personal life

  • Born1952, Beirut8
  • CitizenshipLebanon9
  • ResidenceKensington10
  • SpouseMay Makhzoumi11

Makhzoumi and his wife May have three children, Rami (died 2011, brain aneurysm), Tamara, and Camellia.

May Makhzoumi lives in Kensington, London.

From Wikipedia’s article on Fouad Makhzoumi (this version), CC BY-SA 4.0.

Politics

In 2010, the British Conservative Party received a donation of £300,000 from his wife, May Makhzoumi. In 2013, it was reported that May had given the Conservative Party another £500,000 earlier that year, bringing her total donations since 2010 to over £1 million.

In 2017, it was reported by The Guardian that François Fillon, the French presidential candidate, had allegedly been paid $50,000 to arrange a meeting between Makhzoumi, the Russian President Vladimir Putin, and Patrick Pouyane, the chief executive of the French energy multinational Total.

From Wikipedia’s article on Fouad Makhzoumi (this version), CC BY-SA 4.0.