Nasser Al-Kharafi

Nasser Al-Kharafi
Born	17 June 1943 Kuwait City, Kuwait
Died	17 April 2011(2011-04-17) (aged 67) Cairo, Egypt
Residence	Kuwait
Occupation	Chairman, M.A. Kharafi & Sons
Net worth	US$10.7 billion (2011)[1]
Children	5

Nasser Al-Kharafi (Arabic: ناصر الخرافي‎) (17 June 1943 – 17 April 2011) was a Kuwaiti businessman of M.A. Kharafi & Sons. His company has performed $4.3 billion in sales. His net worth increased because of rising share prices of several holdings including Mobile Telecommunications Co., National Bank of Kuwait and Americana, operator of U.S. fast food chains. Al Kharafi was also linked to many other chains such as Pizza Hut, Kentucky Fried Chicken, TGI Friday's, Hardees and thousands of others. He also held a major stake in one of the biggest telecom companies in the Middle East and Africa, Zain. His conglomerate business spread from engineering, construction, maintenance to other services related to spheres as diverse as oil,water resources and management, chemicals, power and energy and food. This immense empire did not cease to stop in Kuwait; Kharafi had his businesses and franchies spread over nearly 11 countries, including Egypt, South Africa and Syria. The billionaire had a keen interest in Egypt, where the Al Kharafi group built the port Ghalib International Marina.

Family

His older brother, Jassim who attended Victoria College Alexandria with his younger brother Nasser, is the speaker of Kuwait parliament. His sister, Faiza, was rector of Kuwait University.

Financial status

Nasser has construction contracts in more than 30 countries worldwide. His net worth was $10.4 billion as of 2011 and he was considered the 77th richest man in the world.

In January 2009 he was linked to a takeover bid for Liverpool F.C.

Death

Nasser died in Cairo, Egypt, on 17 April 2011 in a hotel room from a cardiac arrest. He was not only mourned by relatives and close friends, but thousands of Kuwaiti MPs, Politicians and businessmen along with many other international well known profiles.^[2]

See also

• List of billionaires

References

1. ^ http://www.forbes.com/profile/nasser-al-kharafi
2. ^ Arab Times

External links

• Profile on 2005 Forbes list
• Profile on 2011 Forbes list

Persondata
Name	Al-Kharafi, Nasser
Alternative names
Short description
Date of birth	March 24, 1956
Place of birth	Kuwait City, Kuwait
Date of death	April 17, 2011
Place of death	Cairo, Egypt