Michel Chalhoub and Family Net Worth: Michel Chalhoub is a French billionaire who has a net worth of $1.7 billion along with his family. This year's entrant to the world's billionaires list, Michael Chalhoub acquired his wealth thanks to the Middle East's prosperous luxury goods industry. What his family founded in Damascus, Syria, in 1955 as a company that sells just three French brands, Christofle, Baccarat and Jean Patou now distributes a total of 280 fashion and cosmetics lines across the region. Chanel, Louis Vuitton and Christian Louboutin are just few of the high-end brands that they offer. Michel Chalhoub's sons, Anthony and Patrick, took over the lead of the company as co-CEOs in 2011.
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