Jassim Al Kharafi Net Worth is$1.2 Billion
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Profession: Politician
Date of Birth: 1940
Jassim Al-Kharafi net worth: Jassim Al-Kharafi is a Kuwaiti billionaire who has a net worth of $1.2 billion. Belonging to a famously wealthy family, Jassim Al-Kharafi, along with six other siblings, inherited the Kharafi Group from their father Mohammed. However, he preferred to pursue a political career rather than indulge himself in the family business, which was run by his brother Nasser until his death in April 2011. Ever since Jassim's brother Fawzi took over the group, which has major stakes in many Kuwaiti companies like National Bank of Kuwait and telecommunication company Zain. Jassim Al-Kharafi, on the other side, has spent 38 years at the National Assembly, where he served as speaker from 1999 to 2011. In October the same year, he was given the title "Honoris Causa" by the University of Tirana. Thanks to his political endeavors and hist stake in the one of the Middle East's biggest holding companies, Jassim Al-Kharafi, along with his brothers Fawzi and Mohannad, is listed as the richest man in Kuwait as of March 2013.
Jassem Al-Kharafi, (Arabic: ??????U? U??-U??? ????????U?U??-??U? ??U??(R)????U?U?a??), born in 1940, he is the speaker of the Kuwaiti National Assembly from 1999-2011. Al-Kharafi studied Business Administration at the Manchester Trade Faculty in Kuwait and was director of M. A. Kharafi & Sons before being elected to the National Assembly in 1975. He affiliates with the liberal deputies and is regarded as a pro-government moderate. However, Al-Kharafi has broken with the royal family on occasion. He recently criticized the ruling Al-Sabah family, and in July 2006 he vigorously denounced the Israeli attacks on Lebanon saying that the war would "turn us all into terrorists". Al-Kharafi's family is famously wealthy. His brother Nasser is listed by Forbes as one of the richest people in the world. University of Tirana on 7 October 2011 gave the title Honoris Causa.
On November 3, 2007, Al-Kharafi told the pan-Arab Arabiya television in an interview that he had "question marks" about Prime Minister Nasser Mohammed Al-Ahmed Al-Sabah's decisions. A transcript of the interview was published in Alrai daily, which included Al-Kharafi's comment that too many reshuffles necessitate "a review and an evaluation of what measures should be taken." Al-Kharafi said the reshuffle should not have been put off for the whole summer and that it indicated a "policy of patching" up problems, rather than solving them.
In response, Prime Minister Nasser issued a statement about Al-Kharafi to the state-owned Kuwait News Agency, which was splashed on the front pages of daily newspapers. In the statement, PM Nasser said that Al-Kharafi was overstepping in bounds in trying to influence cabinet selections: "I have no doubt that .... the speaker realizes that his attempts to interfere in forming the Cabinet and affecting its decisions is overstretching his constitutional mandate."
The back-and-forth marked the first such public tensions between a speaker and a prime minister.
On July 13,

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Jassim Al Kharafi Latest News

Kuwait cabinet tenders resignation: MPs

Deputy Abdul-Latif al-Amiri and an MP who declined to be identified said the same. Parliamentary Speaker Jassim al-Kharafi said he had not been informed yet of any government resignation or any decision by the ruler to dissolve parliament until this moment.
Posted: March 16, 2009, 3:56 am

Al-Kharafi Group appoints new chairman

KUWAIT CITY: Kuwait’s Al-Kharafi Group, the firm run by one of the state’s most prominent merchant families, has appointed Fawzi Al-Kharafi as chairman of the business to replace his brother Jassim, who passed away earlier this month. Al-Kharafi Group ...
Posted: May 31, 2015, 1:29 pm

Al-Kharafi Group sponsors confab – ‘Paris in The Heart of Kuwait’

Loay Jassim Al-Kharafi, CEO of Mohammed Abdulmohsen Al-Kharafi company stated: “Believing in our part in supporting the peace process around the world largely and with the countries with which we have friendly relations expressly, came our sponsorship of ...
Posted: December 5, 2015, 4:00 pm
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