Jassim Al Kharafi Net Worth is$1.2 Billion
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Profession: Politician

Date of Birth: 1940

Jassim Al-Kharafi net worth: Jassim Al-Kharafi is a Kuwaiti billionaire who has a net worth of $1.2 billion. Belonging to a famously wealthy family, Jassim Al-Kharafi, along with six other siblings, inherited the Kharafi Group from their father Mohammed. However, he preferred to pursue a political career rather than indulge himself in the family business, which was run by his brother Nasser until his death in April 2011. Ever since Jassim's brother Fawzi took over the group, which has major stakes in many Kuwaiti companies like National Bank of Kuwait and telecommunication company Zain. Jassim Al-Kharafi, on the other side, has spent 38 years at the National Assembly, where he served as speaker from 1999 to 2011. In October the same year, he was given the title "Honoris Causa" by the University of Tirana. Thanks to his political endeavors and hist stake in the one of the Middle East's biggest holding companies, Jassim Al-Kharafi, along with his brothers Fawzi and Mohannad, is listed as the richest man in Kuwait as of March 2013.
Jassem Al-Kharafi, (Arabic: ??????U? U??-U??? ????????U?U??-??U? ??U??(R)????U?U?a??), born in 1940, he is the speaker of the Kuwaiti National Assembly from 1999-2011. Al-Kharafi studied Business Administration at the Manchester Trade Faculty in Kuwait and was director of M. A. Kharafi & Sons before being elected to the National Assembly in 1975. He affiliates with the liberal deputies and is regarded as a pro-government moderate. However, Al-Kharafi has broken with the royal family on occasion. He recently criticized the ruling Al-Sabah family, and in July 2006 he vigorously denounced the Israeli attacks on Lebanon saying that the war would "turn us all into terrorists". Al-Kharafi's family is famously wealthy. His brother Nasser is listed by Forbes as one of the richest people in the world. University of Tirana on 7 October 2011 gave the title Honoris Causa.
On November 3, 2007, Al-Kharafi told the pan-Arab Arabiya television in an interview that he had "question marks" about Prime Minister Nasser Mohammed Al-Ahmed Al-Sabah's decisions. A transcript of the interview was published in Alrai daily, which included Al-Kharafi's comment that too many reshuffles necessitate "a review and an evaluation of what measures should be taken." Al-Kharafi said the reshuffle should not have been put off for the whole summer and that it indicated a "policy of patching" up problems, rather than solving them.
In response, Prime Minister Nasser issued a statement about Al-Kharafi to the state-owned Kuwait News Agency, which was splashed on the front pages of daily newspapers. In the statement, PM Nasser said that Al-Kharafi was overstepping in bounds in trying to influence cabinet selections: "I have no doubt that .... the speaker realizes that his attempts to interfere in forming the Cabinet and affecting its decisions is overstretching his constitutional mandate."
The back-and-forth marked the first such public tensions between a speaker and a prime minister.
On July 13,

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Jassim Al Kharafi Latest News

Al-Kharafi Group appoints new chairman

has appointed Fawzi Al-Kharafi as chairman of the business to replace his brother Jassim, who passed away earlier this month. Al-Kharafi Group also appointed Mohannad Mohamed Al-Kharafi as deputy chairman, director at the company Bader Al-Kharafi said.
Posted: May 31, 2015, 1:29 pm

Adeptio completes Americana share buy

Adeptio AD Investments SPC and Al Khair National for Stocks ... efforts have led to the successful consummation of this transaction,” he said. Loay Jassim Al Kharafi said: “We are delighted to have concluded this process which represents a significant ...
Posted: October 23, 2016, 9:32 am

Dubai businessman to buy Kuwait’s Americana

Loay Jassim Al Kharafi, an Americana board member, described him as “a worthy successor to the legacy that has been created over the last 50 years”. Mr Alabbar, who owns dozens of retail chains in the Middle East and Asia, has also led the expansion of ...
Posted: August 10, 2017, 6:27 pm

Americana sale to Alabbar's Adeptio completed

“We would like to extend a special thanks to the Al Kharafi family, Americana’s management and employees, the transaction advisors and all parties whose efforts have led to the successful consummation of this transaction,” he said. Loay Jassim Al ...
Posted: October 24, 2016, 10:00 pm

Walking The Tightrope: Kuwaiti-Iranian Relations In Aftermath Of Abdali Affair – Analysis

The Speaker of the National Assembly, Jassim al-Kharafi, was instrumental in reaching out to the leaders of Kuwait’s Shi’ite communities (which range across the political and religious spectrum) and calming tensions. The incident triggered a ...
Posted: August 9, 2017, 11:40 am
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