What is Fawzi Al-Kharafi's Net Worth?
Fawzi Al-Kharafi is a Kuwaiti billionaire who has a net worth of $1.2 billion. Fawzi Al-Kharafi is the vice chairman and CEO of the Kharafi Group, one of the Middle East's biggest holding companies. Al-Kharafi is one of the richest people in Kuwait, along with his two brothers Jassim and Mohannad.
Two years ago, the family business was overseen by their brother Nasser who had run it successfully until his death of a heart attack in April 2011. As of today, the group holds major stakes in numerous Kuwaiti companies, including National Bank of Kuwait and telecommunication company Zain. Furthermore, the U.S. division of the group operates several fast-food joints throughout the Middle East including KFC, Hardee's and Krispy Kreme, where the Kharafis are one of the largest shareholders.
