The World Richest Arabs 2014
The Alghanim family
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The Alghanim family

Industry: Diversified

Country: Kuwait

Wealth: 3.4 Billion

Alghanim Industries was launched in its modern format by Yusuf Ahmed Alghanim, who returned to Kuwait in 1932 after studying overseas. Yusuf completely revitalised the firm, signing a deal with General Motors to bring the brand into Kuwait. Among the members of the family are Bassam, who is reportedly splitting from the rest of the family’s business interests, plus Kutayba and Omar. Further deals have been signed with some of the world’s biggest companies, including Samsung, Nokia, Toshiba, Xerox and Hitachi. Outside the family business, Alghanim Industries also holds a sizeable stake in Gulf Bank (pictured), one of the country’s biggest lenders, and on whose board Omar Alghanim sits as chairman.

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