What is Kutayba Alghanim's Net Worth?
Kutayba Alghanim is a prominent Kuwaiti billionaire with an impressive net worth of $1.2 billion. He, along with his brother Bassam Alghanim, inherited the family-run conglomerate, Alghanim Industries, and a significant stake in Gulf Bank.
Despite their shared inheritance, the brothers faced challenges in agreeing on the division of their family's wealth, which unfortunately led to a legal dispute. This feud eventually culminated in a court case involving both parties.
Omar Alghanim's Role in the Family Business
The legal conflict took a significant turn when Kutayba's son, Omar Alghanim, a Harvard MBA graduate, assumed control of Alghanim Industries. Under Omar's leadership, the company continued to thrive, dealing with a range of products, including General Motors vehicles.
While a US judge decided to pause the case pending arbitration in Kuwait, a UK judge ruled that Kutayba and his son Omar were culpable for hacking into Bassam Alghanim's email. This incident further strained the family dynamics, leading to Bassam reportedly exiting the family business.
