User:Mohamad222m

Name:Mohamad Makhlouf Nationality:Syrian/Cypriot Relatives:Rami Makhlouf (father) Mohamad Makhlouf (grandfather) Bashar Al Assad (cousin) Religion: Alawite Country of Birth: Born in Syria Net worth: $1.2 Billion Mohamad Makhlouf, second of his name, is the eldest son of the Syrian billionaire Rami Makhlouf and cousin of the Syrian president Bashar Al Assad. Records from Panama papers and as well secretly leaked documents reveal assets and bank accounts worth $1.2 Billion under the name Mohamad Makhlouf Junior. This qualifies him as possibly one of the world's richest juniors. Born into a wealthy family, this massive fortune was passed onto him at the age 18 from his father and grand father. Makhlouf's money is hard to track. They are divided between bank accounts in Switzerland, Austria, Russia, Romania and Germany. Some sources say that part of his fortune is the result of money laundry taking place in Romania. Makhlouf also owns large shares in his father's companies: Syriatel, Syria's largest telecommunication company Milk Man factory, Syria's largest milk factory, Syrian National Petroleum company, Syria's largest oil company. Sham Holding, also known as the biggest investment group in Syria In addition to shares in Byblos Bank of Syria, Qatari Bank in Syria, Bemo Bank of Syria, Islamic bank of Syria. As for his businesses located outside his home country, there are also multiple huge investments that were also passed onto him by his family: Two towers in Dubai UAE under the British company Drex Technologies which was recently accused in the Panama Papers of money laundry; Steel Hotel in Vienna; Hotel Oxford in Mamia-Romania; shares in the international petroleum company Gulf Sands; shares in the Tanex Wood factory in Romania; shares in HSBC Bank which were held under the 2010 EU sanctions; shares in Russian local gas company which is said to have future investment plans in Syria's gas fields. Nevertheless, his wealth is minimal compared to what his father owns. Political analysts predicted that the assets and bank accounts were transferred to Makhlouf Junior to avoid EU sanctions since he carries an EU passport which cannot be easily sanctioned. This information was published during the Syrian crisis, but there is much that remains unknown to the public. Makhlouf family is criticized for owning this massive fortune when half of Syria's population is suffering from hunger and war. Makhlouf Junior is still young and in the early stages of his career. His fortune and grasp is expected to exceed his father's in the near future.