The Richest Businessmen In Kuwait (Updated 2024)
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Hashim Sheikh - . May 17, 2024
- . Update: May 17, 2024 2:41 pm
Kuwait, a West Asian country is famous worldwide for its history, cultural richness, and architecture of the country. Not only for these things but Kuwait is also famous as one of the richest countries in the world. The country is rich in oil reserves and has less population. The businessmen of this country add to its richness and popularity. We are here with a list of 7 richest businessmen in Kuwait.
Top 7 Richest Businessmen in Kuwait
1)Bassam Alghanim
Net Worth: $1.6 Billion
Company: Alghanim Industries
Bassam Alghanim owns a stake in the Alghanim industries which was established by his father Yusuf. Alghanim Industries has a fair stake in Kuwait’s Gulf Bank. The company also has a business of selling GM and Honda cars. Bassan and his brother Kutaybas have a feud regarding inheritance.
2)Fawzi Al-Kharafi
Net Worth: $1.2 Billion
Company: M.A Kharafi & Sons
Fawzi Al-Kharfi is the chairman of M.A Kharafi & Sons. In 1956 this company was started by his father Mohammed. This company owns valuable stakes in big companies like Zain. Zain is a telecom company owned by Fawzi’s brother Mohannad. In 2016, the company sold its shares for $2.3 Billion to Americana.
3)Jassim Al-Kharifi
Net Worth: $1.25Billion
Company: M.A Kharafi & Sons
Jassim Al-Kharafi is the brother of Fawzi Al-Kharifi. He was a prominent political personality and was the chairman of the M.A Kharafi & Sons. In 2015 at the age of 75, he died due to a heart attack. He was the inherited owner of one of the largest companies in Kuwait.
4)Mohannad Al-Kharafi
Net Worth: $1.2 Billion
Company: M.A Kharafi & Sons
Mohannad Al-Kharifi is the sibling of the other two billionaires of Kuwait Jassim and Fawzi. Mohannad is the vice chairman of M.A & Sons which was established by his father Mohammed. He is also the owner of the big telecommunication company Zain. CEO of Zain is his nephew Bader.
5)Kutayba Alghanim
Net Worth: $1.3 Billion
Company: Alghanim Industries
Kutayba Alghanim is the sibling of Bassam Alghanim. He is the chairman of Alghanim Industries which was started by his father Yusuf. Till 2019 his son Omar was the CEO of the company. Both the brothers have a feud regarding the inheritance of things after their father’s death.
6)Ali Morad Behbehani
Company: Behbehani Group
Ali Morad is the inherited owner of one of the biggest companies in Kuwait called the Behbehani group. The Behbahani Group has various kinds of businesses which include electronic, luxury goods, watches, and real estate.
7)Mohammad Javad Behbahani
Company:Behbehani Group
Mohammad Javad Behbahani also has his linkage with the Behbahani group. The Behbahani is one of the biggest companies in Kuwait. The company has various ventures starting from luxury goods to electronic devices.
