Kuwait City – According to data from many international financial sources, Bassam Alghanim is currently the richest man in Kuwait with an estimated fortune of about 1.6 billion USD. He is one of the key leaders of the multi-industry group Alghanim Industries, a business present in more than 40 countries, operating from retail, distribution, finance to technical services.
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| Shocked by the super-huge fortune of Kuwait's richest man |
Not only Bassam, the Alghanim family also has Kutayba Alghanim - his cousin - with assets ranging from 1.2 to 1.4 billion USD, along with many members of the Al-Kharafi family such as Fawzi, Jassim and Mohannad, each owning about 1.2–1.25 billion USD.
In Kuwait – an oil-rich country with a population of just over 4 million – $1–2 billion is enough for Bassam Alghanim to dominate the super-rich rankings. This superiority comes from the fact that he and his family control many strategic business sectors, while maintaining significant economic and political influence in the region.
Kuwait's top billionaires
Name Estimated wealth Bassam Alghanim ~ $1.6 billion Kutayba Alghanim ~ $1.2–$1.4 billion Fawzi / Jassim / Mohannad Al-Kharafi ~ $1.2–$1.25 billion
Bassam Alghanim's huge fortune comes mainly from oil profits, international investments and strategic deals in the consumer and service sectors, making him one of the financial icons of the Middle East.
