Fawzi Al Kharafi Net Worth is$1.2 Billion
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Fawzi Al-Kharafi net worth: Fawzi Al-Kharafi is a Kuwaiti billionaire who has a net worth of $1.2 billion. Fawzi Al-Kharafi is the vice chairman and CEO of the Kharafi Group, one of the Middle East's biggest holding companies. Al-Kharafi is one of the richest people in Kuwait as of 2013, along with his two brothers Jassim and Mohannad. Two years ago, the family business was overseen by their brother Nasser who had run it successfully until his death of a heart attack in April 2011. As of today, the group holds major stakes in numerous Kuwaiti companies, including National Bank of Kuwait and telecommunication company Zain. Furthermore, the U.S. division of the group operates several fast-food joints throughout the Middle East including KFC, Hardee's and Krispy Kreme, where the Kharafis are one of the largest shareholders.
M.A. Kharafi & Sons (Mohammed Abdel mohsen Al-Kharafi & Sons WLL, Arabic: U???U?U????(C) ??U??(R)????U?U?) is a large private company based in Kuwait with a variety of commercial interests and revenues for 2006 estimated at USD$3.3 billion. The company was run by Nasser Al-Kharafi. On April 15, 2006 US dough-nut giant Krispy Kreme announced that MA Kharafi & Sons bought a 6.7 percent stake or 4.13m shares. Al-Kharafi is also the leading supplier and integrator to the newspaper industry in Kuwait. The Kharafi family was recently listed at 29th position in the Forbes magazine's list of the richest people in the world.
As of 30 March 2008

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Fawzi Al Kharafi Latest News

Al-Kharafi group appoints new Chairman

KUWAIT: Fawzi Al-Kharafi has been selected as the new chairman of Al-Kharafi Group, replacing his recently deceased brother Jassem, Bader Al-Kharafi, member of the Executive Committee of Al-Kharafi Group confirmed yesterday. Fawzi Al-Kharafi had previously ...
Posted: May 31, 2015, 1:41 pm

Saudi billionaires’ wealth hits US$55.5bn

The richest man in Kuwait, the magazine said, is diversified holding company Kharafi Group chairman Fawzi Al-Kharafi. Finally, Morocco was home to three billionaires, worth US$6.5bn. The richest man in the North African country is insurance boss Othman ...
Posted: March 5, 2013, 3:03 am

Middle Eastern Billionaires and Family Ties

In 2011 one of the three billionaires in Kuwait was Nasser Al-Kharafi and family. When Nasser passed away in April, his brothers Fawzi, Jassim and Mohannad took over the business and are now counted individually as billionaires. The family business ...
Posted: April 11, 2012, 12:19 pm
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