What is Jassim Al-Kharafi's Net Worth?
Jassim Al-Kharafi is a prominent Kuwaiti billionaire with a net worth of $1.2 billion. Hailing from an illustriously affluent family, Jassim, along with his six siblings, inherited the Kharafi Group from their father, Mohammed. However, Jassim veered away from the family business, opting for a political career instead. The Kharafi Group was initially managed by his brother Nasser until his unfortunate demise in April 2011, after which Fawzi Al-Kharafi took over the reins. The conglomerate boasts significant investments in major Kuwaiti enterprises such as the National Bank of Kuwait and the telecommunications giant Zain.
Political Career and Achievements
Jassim Al-Kharafi has had an extensive political career spanning 38 years at the National Assembly, where he served diligently as the speaker from 1999 to 2011. In recognition of his service and contributions, he was honored with the title "Honoris Causa" by the University of Tirana in October 2011. His political pursuits, combined with his share in one of the Middle East's largest holding companies, have cemented his status as a formidable force in Kuwait.
Recognition and Wealth
As of March 2013, Jassim Al-Kharafi, along with his brothers Fawzi and Mohannad, is celebrated as one of the wealthiest men in Kuwait. His significant stake in the Kharafi Group, coupled with his dedicated political efforts, has earned him a distinguished place among Kuwait's elite.
