Richest People in Kuwait
Kuwait’s dinar is the most valued currency unit in the world. This Arab nation has a high-income economy. Arab nation Kuwait is a high-income economy. Petroleum and fertilizers are the main export products of Kuwait.
In the past few years Kuwait has seen an increase in the entrepreneurships and small start ups.
1. Bassam Alghanim - $1.8 billion
Bassam Alghanim, a Kuwaiti businessman, is among the wealthiest individuals in Kuwait, with a net worth of approximately $1.8 billion as of October 2024. His wealth primarily stems from his inheritance and leadership in Alghanim Industries, a diversified conglomerate with interests in automotive, consumer electronics, and other sectors.
2. Fawzi Al-Kharafi - $1.2 billion
Fawzi Al-Kharafi is a chairman of the M.A. Kharafi & Sons. It is a private company in Kuwait with diversified commercial interested and revenues. The company produces Aluminum, Asphalt, computer and concrete to name a few. Fawzi Al-Kharafi, a prominent Kuwaiti businessman, was the CEO and vice chairman of M.A. Kharafi & Sons, a leading Middle Eastern holding company. As of 2018, his net worth was estimated at $1.2 billion. However, he passed away on December 13, 2021, at the age of 76.
3. Jassem Al-Kharafi - $1.25 billion
Jassem Al-Kharafi is not only a Kuwait based business man but also the speaker of the Kuwaiti National Assembly. He was the director of M.A. Kharafi & Sons. His wealth primarily stems from diverse business interests, including real estate, construction, and investments.
3. Mohannad Al-Kharafi - $1.25 billion
Mohannad Al-Kharafi is the chairman of M.A. Kharafi & Sons. The M.A. Kharafi & Sons is one of the biggest holders in Middle East companies.
5. Kutayba Alghanim - $1.2 billion
Kutayba Alghanim belongs to the Alghanim family. He is into media and advertising, Automotive sales and services, Consumer credit, Consumer engineering, Document management, FMCG wholesale and distribution, Insurance, and Industrial goods manufacturing to name a few.
Undoubtedly Kuwait is a small nation with its own set of billionaires. Looking at the list surely makes you think that the east is diversifying its revenues apart from oil exports.
