Industry: Real Estate
Company: MA Kharafi Group
Wealth: 8.2 Billion
Nasser Al Kharafi is one of the richest men in the world, a fortune raised primarily through the Mohamed Abdulmohsin Kharafi and Sons WLL conglomerate, which is an international private real estate development company.
Established in 1956, Mohamed Abdulmohsin Kharafi and Sons WLL is one of the largest of its kind in the world, and has operations in Lebanon, Saudi Arabia, Yemen, Tanzania, Botswana, Cairo, Kenya, the Maldives, Abu Dhabi and Albania.
A diversified conglomerate, Al Kharafi also oversees stakes, through the Americana food division, in various high profile American eateries, and has the exclusive franchise rights in the Middle East for fast food brands including KFC, Wimpy, TGI Friday’s, Cadbury’s, Pizza Hut and Saint Cinnamon. He is also the largest individual stakeholder of popular doughnut company Krispy Kreme.
Al Kharafi’s empire also spans sectors including construction, manufacturing, an airline and investments that include Kuwait’s leading financial institutions and other companies listed on the stock exchange.
With an annual turnover of over $4bn, the MA Kharafi Group now operates in more than 25 countries around the world and has more than 100,000 employees.
In 1976 Al Kharafi launched Kuwaiti conglomerate the National Company for Mechanical and Electrical Works.