What is Mohannad Al-Kharafi's Net Worth?
Mohannad Al-Kharafi, a Kuwaiti billionaire, boasts a remarkable net worth of $1.2 billion. Hailing from the illustrious Kharafi family, Mohannad is one of seven siblings who collectively inherited substantial stakes in the Kharafi Group from their father, Mohammed. This conglomerate is one of the Middle East's largest holding companies and was predominantly steered by Mohannad's elder brother, Nassar, until his untimely death due to a heart attack in April 2011.
Following Nassar's passing, leadership of the Kharafi Group transitioned to another of Mohannad's brothers, Fawzi. Under Fawzi's guidance, the group has maintained a diverse portfolio that includes significant shares in several prominent Kuwaiti firms, such as the National Bank of Kuwait and the telecommunication giant Zain. Additionally, the group's U.S. operations include numerous food franchises throughout the Middle East, including notable chains like Hardee's and Krispy Kreme.
As of March 2013, Mohannad Al-Kharafi, alongside his brothers Fawzi and Jassim, are recognized as the wealthiest individuals in Kuwait, continuing to uphold the family's legacy of financial acumen and business success.
