The 5 Richest Men in Kuwait 2024

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The richest men in Kuwait include several influential figures known for their contributions to various industries:

  1. Kutayba Alghanim: With a net worth of approximately $1.3 billion, he is the chairman of Alghanim Industries, a diversified conglomerate involved in automotive sales, electronics, and retail. He has also been involved in family disputes regarding the company.

  2. Bassam Alghanim: A member of the same Alghanim family, he has a significant stake in Gulf Bank and other assets. He is involved in legal disputes with his brother Kutayba​.

  3. Fawzi Al-Kharafi: Valued at $1.2 billion, Fawzi is the CEO of the Kharafi Group, a holding company with stakes in telecom (Zain) and other industries across Kuwait and the Middle East​.

  4. Jassim and Mohannad Al-Kharafi: Brothers of Fawzi, both are part of the wealthy Al-Kharafi family, known for their leadership in the Kharafi Group, which operates across multiple sectors, including banking and fast-food chains​.

  5. Ali Morad Behbehani: A leader in the Behbehani Group, which specializes in electronics, luxury goods, and real estate. Though less publicized, he is an influential figure in Kuwait's business landscape​.

These individuals collectively highlight the importance of family-run businesses in Kuwait’s economy and their extensive reach across industries like finance, telecommunications, and retail.

Also: The 9 Richest Men in UAE 2024