Nasser Al-Kharafi

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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 Increase 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.

Life[edit]

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, Hardee's and others. He also held a major stake in one of the biggest telecom companies in the Middle East and Africa, Zain. His businesses 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 empire did not cease to stop in Kuwait; Kharafi had his businesses and franchises spread over nearly 11 countries, including Egypt, South Africa and Syria. He had a keen interest in Egypt, where the Al Kharafi group built the port Ghalib International Marina.[citation needed]

Al-Kharafi had 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.[2]

In January 2009 he was linked to a takeover bid for Liverpool F.C..[citation needed]

Family[edit]

His older brother, Jassim, who attended Victoria College Alexandria with him, is the speaker of the Kuwait parliament. His sister, Faiza, was rector of Kuwait University.[citation needed]

Death[edit]

On 17 April 2011, Al-Kharafi died from a cardiac arrest in a Cairo, Egypt, hotel room. He was not only mourned by relatives and close friends, but thousands of Kuwaiti MPs, politicians and businessmen along with many other international figures.[3]

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