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| birth_name = Issam Michael Fares
| birth_name = Issam Michael Fares
| birth_date = {{birth year and age |1937}}
| birth_date = {{birth year and age |1937}}
| birth_place = [[Tripoli, Lebanon]]
| birth_place = [[Tripoli, Lebanon|Tripoli]], Lebanon
| death_date =
| death_date =
| death_place =
| death_place =
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| spouse = Hala Fares
| spouse = Hala Fares
}}
}}
'''Issam Fares''' (born 1937) is a [[Lebanese]] businessman, a former member of the [[Parliament of Lebanon]] and [[Deputy Prime Minister of Lebanon]].
'''Issam Fares''' (born 1937) is a Lebanese businessman, former member of the [[Parliament of Lebanon]] and [[Deputy Prime Minister of Lebanon]].


==Early life==
==Early life==
Line 16: Line 16:


==Career==
==Career==
In 1954, at the age of seventeen, Fares left his homeland and found a job as a clerk at a catering and food services firm in Qatar. Two years later, he was heading Abela Group’s finances and subsequently managing its operations in Pakistan, Kuwait, Iran and Saudi Arabia.{{citation needed|date=December 2019}}
In 1954, at the age of seventeen, Fares left his homeland to work as a clerk at a catering and food services firm in Qatar. Two years later, he was heading Abela Group’s finances and subsequently managing its operations in Pakistan, Kuwait, Iran and Saudi Arabia.{{citation needed|date=December 2019}}


At age 38, Fares established a civil engineering and construction firm, which completed many notable projects including the world's longest international bridge, which connects [[Bahrain]] to [[Saudi Arabia]].<ref>[http://www.arabianbusiness.com/rich-list-issam-fares-88756.html "Rich List-Issam Fares"], ''Arabian Business - Rich List'', 10 December 2008. Accessed 22 March 2016.</ref>
At age 38, Fares established a civil engineering and construction firm, which completed many notable projects including the world's longest international bridge, which connects Bahrain to Saudi Arabia.<ref>[http://www.arabianbusiness.com/rich-list-issam-fares-88756.html "Rich List-Issam Fares"], ''Arabian Business - Rich List'', 10 December 2008. Accessed 22 March 2016.</ref>


He then sold the company to [[British Aerospace]], and used the proceeds to buy US-based investment firm, Wedge Group, a company that he heads today.<ref>{{Cite web|title = Arabian Business Rich List 2010|url = http://www.arabianbusiness.com/arabian-business-rich-list-2010-367763.html?view=profile&itemid=367875#.Vlf6nVXhDnA|website = Arabian Business|accessdate = 2015-11-27}}</ref><ref>{{Cite web|url=https://www.bloomberg.com/profile/person/19012201|title = Issam M Fares, Wedge Group Inc: Profile and Biography|website = [[Bloomberg News]]}}</ref>
He then sold the company to [[British Aerospace]], and used the proceeds to buy US-based investment firm, Wedge Group; a company that he heads today.<ref>{{Cite web|title = Arabian Business Rich List 2010|url = http://www.arabianbusiness.com/arabian-business-rich-list-2010-367763.html?view=profile&itemid=367875#.Vlf6nVXhDnA|website = Arabian Business|accessdate = 2015-11-27}}</ref><ref>{{Cite web|url=https://www.bloomberg.com/profile/person/19012201|title = Issam M Fares, Wedge Group Inc: Profile and Biography|website = [[Bloomberg News]]}}</ref>


==Politics==
==Politics==
In
In the general elections of 2000, Fares won the seat of Akkar, the first district of the North Lebanon.<ref name=aps9sep>{{cite news|title=Opposition Candidates Win Elections|url=http://www.thefreelibrary.com/LEBANON+-+Sept.+3+-+Opposition+Candidates+Win+Elections.-a073739331|accessdate=10 March 2013|newspaper=APS Diplomat Recorder|date=9 September 2000}}</ref> He served as deputy prime minister of [[Lebanon]] from 2000 to 2005.<ref>{{cite news|url= http://www.arabianbusiness.com/arabian-business-rich-list-2010-367763.html?view=profile&itemid=367875|title=Arabian Business Rich List 2010|newspaper=Arabian Business|accessdate=3 October 2012}}</ref>
[[2000 Lebanese general election|the general elections of 2000]], Fares won the seat of [[Akkar District|Akkar]], the first district of the North Lebanon.<ref name=aps9sep>{{cite news|title=Opposition Candidates Win Elections|url=http://www.thefreelibrary.com/LEBANON+-+Sept.+3+-+Opposition+Candidates+Win+Elections.-a073739331|accessdate=10 March 2013|newspaper=APS Diplomat Recorder|date=9 September 2000}}</ref> He served as deputy prime minister of Lebanon from 2000 to 2005.<ref>{{cite news|url= http://www.arabianbusiness.com/arabian-business-rich-list-2010-367763.html?view=profile&itemid=367875|title=Arabian Business Rich List 2010|newspaper=Arabian Business|accessdate=3 October 2012}}</ref>


==Honours==
==Honours==
[[The Fares Center for Eastern Mediterranean Studies]] at [[Tufts University]], and the [[Issam Fares Institute for Public Policy and International Affairs]] at the [[American University of Beirut]] are named after him.
[[The Fares Center for Eastern Mediterranean Studies]] at [[Tufts University]], the [[Issam Fares Institute for Public Policy and International Affairs]] at the [[American University of Beirut]], and the Issam Fares Faculty of Technology at the [[University of Balamand]] are named after him.


==Personal life==
==Personal life==
Fares is married to Hala Fares.<ref>[http://www.superyachtfan.com/superyacht_wedge_too.html "Superyacht Wedge Too"], ''Super Yacht Fan''. Accessed 5 April 2016.</ref> They have a son and daughter.
Fares has 3 sons with his first wife. He is married to Hala Fares, his second wife.<ref>[http://www.superyachtfan.com/superyacht_wedge_too.html "Superyacht Wedge Too"], ''Super Yacht Fan''. Accessed 5 April 2016.</ref> They have a daughter, Noor Fares.


Issam Fares owns one of the 200 largest superyachts in the world, the [[Wedge Too (yacht)|Wedge Too]]. It has a length of 65 m, and was designed by [[Philippe Starck]]. It was built in 2002 in the Netherlands.<ref>{{Cite web|title = Top 200 largest yachts|url = http://www.boatinternational.com/yachts/the-register/top-200-largest-yachts--25027|website = Boat International|accessdate = 2015-11-27}}</ref>
Issam Fares owns one of the 200 largest superyachts in the world, the [[Wedge Too (yacht)|Wedge Too]]. It has a length of 66m, and was designed by [[Philippe Starck]]. It was built in 2002 in the Netherlands.<ref>{{Cite web|title = Top 200 largest yachts|url = http://www.boatinternational.com/yachts/the-register/top-200-largest-yachts--25027|website = Boat International|accessdate = 2015-11-27}}</ref>


Fares has donated over 1 billion US dollars to various political, educational and philanthropic institutions.<ref>{{Cite web|url=https://www.superyachtfan.com/yacht/wedge-too/owner/|title = ISSAM FARES • Net Worth $2 Billion • House • Yacht • Private Jet}}</ref>
Fares has donated over 1 billion US dollars to various political, educational and philanthropic institutions.<ref>{{Cite web|url=https://www.superyachtfan.com/yacht/wedge-too/owner/|title = ISSAM FARES • Net Worth $2 Billion • House • Yacht • Private Jet}}</ref>
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==References==
==References==
{{Reflist}}
{{Reflist}}

==External links==
* [http://www.issam-fares.com/ Issam Fares home page]


{{Authority control}}
{{Authority control}}
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[[Category:Members of the Parliament of Lebanon]]
[[Category:Members of the Parliament of Lebanon]]
[[Category:Deputy prime ministers of Lebanon]]
[[Category:Deputy prime ministers of Lebanon]]
[[Category:Eastern Orthodox Christians from Lebanon]]
[[Category:Greek Orthodox Christians from Lebanon]]
[[Category:Commanders of the Legion of Honour]]
[[Category:Commanders of the Legion of Honour]]
[[Category:Knights of St. Gregory the Great]]
[[Category:Knights of St. Gregory the Great]]
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[[Category:Recipients of the Order of Prince Yaroslav the Wise]]
[[Category:Recipients of the Order of Prince Yaroslav the Wise]]
[[Category:Grand Officers of the National Order of the Cedar]]
[[Category:Grand Officers of the National Order of the Cedar]]
[[Category:Recipients of the Order of Saint Ignatius of Antioch]]
[[Category:Politicians from Tripoli, Lebanon]]
[[Category:People from Tripoli, Lebanon]]

Latest revision as of 11:55, 25 October 2024

Issam Fares
Born
Issam Michael Fares

1937 (age 86–87)
Tripoli, Lebanon
EducationTripoli College
Occupation(s)Businessman, politician
SpouseHala Fares

Issam Fares (born 1937) is a Lebanese businessman, former member of the Parliament of Lebanon and Deputy Prime Minister of Lebanon.

Early life

[edit]

Issam Michael Fares was born in Tripoli, Lebanon, in 1937.[1][2] He was educated at Tripoli College, and graduated in 1954.[1]

Career

[edit]

In 1954, at the age of seventeen, Fares left his homeland to work as a clerk at a catering and food services firm in Qatar. Two years later, he was heading Abela Group’s finances and subsequently managing its operations in Pakistan, Kuwait, Iran and Saudi Arabia.[citation needed]

At age 38, Fares established a civil engineering and construction firm, which completed many notable projects including the world's longest international bridge, which connects Bahrain to Saudi Arabia.[3]

He then sold the company to British Aerospace, and used the proceeds to buy US-based investment firm, Wedge Group; a company that he heads today.[4][5]

Politics

[edit]

In the general elections of 2000, Fares won the seat of Akkar, the first district of the North Lebanon.[6] He served as deputy prime minister of Lebanon from 2000 to 2005.[7]

Honours

[edit]

The Fares Center for Eastern Mediterranean Studies at Tufts University, the Issam Fares Institute for Public Policy and International Affairs at the American University of Beirut, and the Issam Fares Faculty of Technology at the University of Balamand are named after him.

Personal life

[edit]

Fares has 3 sons with his first wife. He is married to Hala Fares, his second wife.[8] They have a daughter, Noor Fares.

Issam Fares owns one of the 200 largest superyachts in the world, the Wedge Too. It has a length of 66m, and was designed by Philippe Starck. It was built in 2002 in the Netherlands.[9]

Fares has donated over 1 billion US dollars to various political, educational and philanthropic institutions.[10]

References

[edit]
  1. ^ a b "Issam Michael Fares: Chairman, Wedge Group". Wedge Group. Retrieved 28 December 2019.
  2. ^ Who's Who in Lebanon (19th ed.). Beirut: Publitec Publications. 2007. p. 127. doi:10.1515/9783110945904.476. ISBN 978-3-598-07734-0.
  3. ^ "Rich List-Issam Fares", Arabian Business - Rich List, 10 December 2008. Accessed 22 March 2016.
  4. ^ "Arabian Business Rich List 2010". Arabian Business. Retrieved 2015-11-27.
  5. ^ "Issam M Fares, Wedge Group Inc: Profile and Biography". Bloomberg News.
  6. ^ "Opposition Candidates Win Elections". APS Diplomat Recorder. 9 September 2000. Retrieved 10 March 2013.
  7. ^ "Arabian Business Rich List 2010". Arabian Business. Retrieved 3 October 2012.
  8. ^ "Superyacht Wedge Too", Super Yacht Fan. Accessed 5 April 2016.
  9. ^ "Top 200 largest yachts". Boat International. Retrieved 2015-11-27.
  10. ^ "ISSAM FARES • Net Worth $2 Billion • House • Yacht • Private Jet".
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