Mohannad Al-Kharafi net worth: Mohannad Al-Kharafi is a Kuwaiti billionaire who has a net worth of $1.2 billion. Mohannad Al-Kharafi was born to the famously affluent Kharafi family. Mohannad Al Kharafi is one of the seven siblings who inherited a stake in the Kharafi Group from their father Mohammed. The group, one of the Middle Eastās biggest holding companies, was mainly led by Nassar, Mohannadās elder brother, who ran the business until his death of a heart attack in April 2011.
Ever since, Mohannadās brother Fawzi has taken the charge of the company with shares in numerous Kuwaiti companies, such as National Bank of Kuwait and telecommunication company Zain. Furthermore, its US chain operates several food joints across the Middle East, among which are Hardeeās, and Krispy Kreme. As of March 2013, Mohannad Al-Kharafi and his brothers Fawzi and Jassim are said to be the richest people in Kuwait.
- Mohannad Al-Kharafi is the vice chairman of M.A. Al-Kharafi & Sons, a conglomerate founded by his late father Mohammed in 1956.
- The Kharafi group owns stakes in several Kuwaiti companies, including Zain, a telecom firm with $3.6 billion in 2016 revenues.
- Al-Kharafi is chairman of Zain; his nephew Bader is CEO.
- In 2016, the group sold its shares in Americana, which operates fast-food chains in the Middle East, including KFC and Hardee’s, for $2.3 billion.
- His brother Fawzi is also a billionaire.
Mohannad Al-Kharafi Family Business Net Worth and Biography Mohannad Al-Kharafi Family Business Net Worth and Biography Mohannad Al-Kharafi Family Business Net Worth and Biography
