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 Either way, Bassam has reportedly withdrawn from the family holding company.
- Kutayba Alghanim is the chairman of Alghanim Industries, which his late father Yusuf founded in 1932. His son Omar served as CEO until Dec. 2019.
- Alghanim sells GM and Ford cars in Kuwait, owns a consumer electronics retailer and Wendys restaurants in the Middle East, among other businesses.
- Kutayba and his brother Bassam have fought over the division of assets they inherited and have turned to a Swiss arbitration court to settle.
Kutayba Alghanim is a member ofĀ Richest Billionaires
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 Either way, Bassam has reportedly withdrawn from the family holding company.
Kutayba Alghanim Family Business Net Worth and Biography Kutayba Alghanim Family Business Net Worth and Biography Kutayba Alghanim Family Business Net Worth and BiographyĀ
