| Net Worth: | $1.2 Billion |
Kutayba Alghanim, the esteemed chairman of the company, has played a pivotal role in its remarkable growth and transformation over the years. With his visionary leadership and astute business acumen, he has elevated it into a powerful multi-billion dollar entity. As of 2024, it is estimated that Kutayba Alghanim's net worth stands at an impressive $1.2 billion. This staggering figure is a testament to his relentless efforts and dedication towards driving the company's success, as well as his ability to navigate the ever-evolving business landscape. Through strategic decision-making and a solid understanding of market dynamics, he has not only propelled the company to new heights but has also cemented his position among the most influential and prosperous figures in the business world.
However, since the Alghanim siblings couldn't agree over the family's wealth division, their feud ended with a court suit. The dispute reached its culmination when Kutayba's son Omar, a Harvard MBA graduate, took over the reigns of the family holding company, which, among other things, sells General Motors vehicles. While a US judge put the case on hold, pending arbitration in Kuwait, a UK judge found Kutayba and his son liable for hacking into Bassam Alghanim's email. Either way, Bassam has reportedly withdrawn from the family holding company.
