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Bassam Alghanim Net Worth

Bassam Alghanim Net Worth

Net Worth: $1.2 Billion

Statistics
  • Source of Wealth Business and Company
  • Marital Status Married
  • Full Name Bassam Alghanim
  • Nationality Kuwaiti
  • Occupation Businessman
  • Education University of California Berkeley
  • Children None

About Bassam Alghanim

Bassam Alghanim is the fourth richest person in Kuwait with an estimated net worth of $1.2 billion as of March 2013. He was listed the 1175th person among the World Billionaires. Together with his brother, Kutayba, they both benefited from Alghanim Industries, a company started by their father Yusuf. The multi-national conglomerate has operations in forty countries around the world. Over the years, it has grown rapidly and has partnered with several companies including General Motors, Xerox, American Express, Whirlpool, British Airways and Hitachi.

Alghanim led the firm from the early 70’s to the 90’s. He has installed a Western-style management structure with decentralized decision-making process. However, the Alghanim brothers have long been fighting in court over the division of the assets in the company. He lately sued Kutayba and his son Omar for hacking into his emails and reading about his personal affairs. A U.K. judge found out, in October 2011, that two people were liable for the hacking of Bassam’ email. It looked like that they were ordered by Kutayba and Omar. A judge in the U.S. out the case on hold and has moved to the Kuwait court system. Today, Bassam is no longer associated with the family holding company.