For years the enigmatic Salem family and their numerous business activities have been shrouded in mystery. Due to the secretive nature of their businesses and out-of-the spotlight approach to media, little about this family is known.
The Salem family initially made its fortune through money-changing businesses in Lebanon dating back to the 1930s, before branching out to provide financing services for several industries and companies; mainly textiles and tobacco in Africa.
Despite the family’s empire and access to wealth, there has always been speculation as to what goes on behind closed doors. With internal legal feuds between siblings and estrangement or very little communication amongst family members, for decades sometimes, a lot is left to the imagination.
That is until recently, since leaks of never-before-seen documents revealing the business activities of Robert David Salem, the son of Raymond Salem and Mireille Darwiche-Salem, caught the attention of finance and tax regulation bodies.
Robert David Salem is a businessman based in London. He is the owner of Duration Asset Management and Global Trade Capital Limited, to name but a few of his business entities. Given his reticence to discuss his background or share information about his wealth, it is only natural to wonder how it was obtained, how he invests it, and if he pays all his taxes.
An ongoing investigation on Robert seeks to expose his unethical business dealings, from dubious entities to questionable associates. The soon-to-be publicly disclosed documents show Robert’s connections to the murky world of offshore finance, revealing the loopholes he uses to skirt tax laws.
Is his modest lifestyle, including a home in a middle-class neighbourhood, to flying low cost airlines, an indicator of his efforts to diminish the spotlight on his actual net worth?
