Kutayba Alghanim – Billionaire

Alghanim chairs diversified firm Alghanim Industries, which his late father Yusuf founded in the 1930s. It has operations in 40 countries. Alghanim Industries sells GM, Ford and Honda cars in Kuwait, owns a consumer electronics retailer, manufactures insulation and steel products, and distributes food; Kutayba’s son Omar is the CEO. Kutayba was knighted by Queen Elizabeth II in 2015. Since 2009, Kutayba and his brother Bassam have fought over division of the assets they inherited. A U.S. judge put a case on hold, pending arbitration in Kuwait.

Kutayba Alghanim net worth: Kutayba Alghanim is a Kuwaiti billionaire who has a net worth of $1.2 billion. Together with his brother Bassam, Kutayba Alghanim has inherited the family holding company, Alghanim Industries and a stake in Gulf Bank. However, since the Alghanim siblings couldn’t agree over the family’s wealth division, their feud ended with a court suit. The dispute reached its culmination when Kutayba’s son Omar, a Harvard MBA graduate, took over the reigns of the family holding company, which, among other things, sells General Motors vehicles. While a US judge put the case on hold, pending arbitration in Kuwait, a UK judge found Kutayba and his son liable for hacking into Bassam Alghanim’s email. Either way, Bassam has reportedly withdrawn from the family holding company.

Source:

1. forbes

2. celebritynetworth