Kutayba Alghanim
Kuwait City, Kuwait
Bachelor of Arts/Science, University of California, Berkeley
Kuwait
diversified
$1,500,000,000
1605
#1605 Billionaires 2019
Kutayba Alghanim is the chairman of Alghanim Industries, which his late father Yusuf founded in 1932. His son Omar, who has a Harvard MBA, is CEO.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.
After graduating from the University of California, Berkeley, Alghanim returned to Kuwait in 1970 and opened a store selling luxury furniture.In 2003, he turned his family's former summer residence in Lebanon into an orphanage and named it after his parents.
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