The world’s richest Arabs
Sun 15 Dec 2013 04:47 AM
The Alghanim Family
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The Alghanim Family

Country: Kuwait

Wealth: 3.4 Billion

Last year, we ranked the various members of Kuwait’s Alghanim family together for the first time. Among the members are Bassam, who is reportedly splitting from the rest of the family’s business interests, plus Kutayba and Omar. 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.

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, one of the country’s biggest lenders, and on whose board Omar Alghanim sits as chairman.