Mahmoud Abbas is the president of the State of Palestine and the Palestinian National Authority.
Mahmoud Abbas Net Worth
Mahmoud Abbas’s net worth is around $100 million USD according to an aide. He has been the chairman of the Palestine Liberation Organization (PLO) since November 11, 2004 and the Palestinian National Authority (PNA) president since January 15, 2005. Since May 8 2005, he has also served as the State of Palestine president.
As the PNA president, his term was extended indefinitely by the PLO Central Council. Moreover, he was an early member of the Fatah movement, which is instrumental in establishing peace with Israel.
In 2015, Abbas built a whopping $13 million presidential palace despite the financial crisis in the country.
Personal Life
Mahmoud Abbas was born on November 15, 1935 in Safed, in Palestine (now Israel). During the 1948 Palestine War, his family fled to Syria. Abbas graduated from the University of Damascus, where he studied Law. Later, he attended Patrice Lumumba University in Moscow, where he earned a Candidate of Sciences degree, which is the equivalent of PhD in the Soviet Union.
Now, let’s look into his personal life. He is married to Amina Abbas and they have three sons together – Mazen, Yasser, and Tareq. Mahmoud is also known as the kunya of Abu Mazen which means “father of Mazen.” His oldest son, Mazen, died in 2002 because of a heart attack. Yasser and Tareq are both working in the business industry and are doing well for themselves. In total, Mahmoud Abbas has eight grandchildren, six of whom are members of the Seeds of Peace, a peacebuilding and leadership development organization, bringing them closer to Israeli children.
Professional Career
Mahmoud Abbas was heavily involved in politics even as a young adult. In the 1950s he joined Qatar’s civil service and established a connection with many Palestinian individuals and groups. He was then recruited by Yasser Arafat in Kuwait in 1961 to become one of the early members of Fatah, along with five other Palestinians. The group played a big role in initiating peace with Israelis.
In the 1990s, he molded the Palestinian negotiating strategies at the peace conference in Madrid and in secret meetings in Norway. From then on, both countries recognized each other mutually.
In 2003, Israel and the United States did not want to negotiate with Palestine’s then-prime minister Yasser Arafat. Both countries thought that Mahmoud Abbas would be a better leader as he was one of the founding members of Fatah. This created tension between Arafat and Abbas.
In November 2004, Arafat died and Abbas became the head of the Palestine Liberation Organization. In January 2005, he got the majority of the votes to be the president of the Palestine National Authority.
He resigned as the leader of the PLO on August 22, 2015.
Mahmoud Abbas Relationship Status
Mahmoud Abbas is married to Amina Abbas and they have three sons together – Mazen, Yasser, and Tareq. His oldest son, Mazen, died from a heart attack in 2002.
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