Economics
Carlos Ghosn’s Hero Glow Dims With Lebanon’s Growing Distaste for Elite
- Fugitive magnate lands in a changed nation as economy suffers
- Protesters eye the rich, politicians with increased suspicion
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The graffiti on a wall opposite Carlos Ghosn’s onetime mansion in Lebanon says much about the country the fugitive former head of Nissan Motor Co. and Renault SA has chosen as his home again. Scrawled in Arabic is a single word: “Revolution.”
The $8 million house on Rue Du Liban is in one of Beirut’s poshest neighborhoods, and near a major center of the monthslong anti-corruption protests that toppled the government amid a severe economic slowdown. The mansion itself is registered to Nissan -- the automaker that Japanese officials accuse him of looting through excessive unreported pay and extravagances.