Source of Wealth:Kharafi Group
Full Name:Fawzi Al-Kharafi
About Fawzi Al-Kharafi
Kuwaiti businessman Fawzi Al-Kharafi has an estimated net worth of $1.25 billion as of March 2013 according to Forbes. Like his brothers Mohannad and Jassim, Fawzi is also included in the list of world billionaires today.
Currently, Fawzi Al-Kharafi serves as Vice Chairman of the Kharafi Group which is considered as one of the largest holdings in the Middle East. Kharafi Group reportedly holds major stakes in several companies in the country which include Zain, a telecom company, and National Bank of Kuwait. The group also operates a number of fast food chains in the Middle East which include Hardee's, Krispy Kreme and KFC. The Kharafis are among the largest shareholders in Krispy Kreme.
Through the years, the Kharafi Group has underwent massive expansions and has made several successful foreign ventures which led to the establishment of the group's branches in countries like United Arab Emirates, Yemen, Kingdom of Saudi Arabia, Niger, Tanzania, Albania, Lesotho, Kenya, Botswana, The Maldives, Egypt, Indonesia, Eritrea, Lebanon, The Gambia, Syria and Bulgaria.
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