After completing his studies at Berkeley, Kutayba returned to Kuwait in , eager to apply his newly gained knowledge — particularly ideas on contemporary business culture and best practices. His first experience was an entrepreneurial venture in high-end furniture retailing. A distinguishing feature of Al-Dar was the unprecedented emphasis on customer service. Al-Dar raised the bar for quality products and service in Kuwait and set new standards for the region. Based on this success, Yusuf Alghanim asked his son Kutayba to help with an urgent liquidity crisis facing the family business.
The company was in a dire situation which was escalating rapidly to a potential disaster. Rising to the challenge, Kutayba used unconventional approaches to secure lines of credit and additional financing that not only solved the immediate liquidity crisis, but also helped grow sales significantly.
Alghanim sells GM and Ford cars in Kuwait, owns a consumer electronics retailer and Wendys restaurants in the Middle East, among other businesses. Kutayba and his brother Bassam have fought over the division of assets they inherited and have turned to a Swiss arbitration court to settle. Hussain Sajwani was born and is the eldest of five children. Both his parents were entrepreneurs. His father was a trader with a shop at the local souk, selling watches, Parker pens, shirts and goods imported from China.
Hussain started his career in in the finance department in Abu Dhabi Gas Industries. Two years later, he started a catering venture, with customers including the U. The venture is still operational and is now called Global Logistics Services.
In , after Dubai allowed foreigners to own property, in he shifted to real estate and founded Damac Properties and sold units in a residential building in less than six months.
Sajwani is known for extravagant marketing, sometimes offering free Lamborghinis to apartment buyers. He has co-branding deals with Versace and Bugatti. Anderson Cancer Center is the 1 ranked cancer [ By Kai Petainen Former Contributor.
The fact that the Blues lost a lot [ By Mike Ozanian Forbes Staff. Apr 29, On April 29, Kate Middleton will cease to be a commoner and will marry into one of the oldest and wealthiest royal families still in existence.
While the royal family fulfills only a ceremonial role in U. By Investopedia Contributor. Jan 26, By Kym McNicholas Subscriber. Jan 19, However, Morocco called this report "fake news" and said that the plane was purchased by the Royal Armed Forces for senior officials to carry out trips.
The richest family member by far is the head of the dynasty and ruler of Dubai: Sheikh Mohammed bin Rashid Al Maktoum. The sheikh, who has ruled since and serves as the UAE's vice president and prime minister, controls investment vehicle Dubai Holdings and is known for his largesse. Rashid Al Maktoum owns luxury properties across Europe, as well as one of the world's largest yachts, and his name is also synonymous with horse racing.
The family has become obscenely rich off the back of Brunei's vast reserves of oil. Famously extravagant, Sultan Hassanal Bolkiah lives in the Istana Nurul Iman palace, which holds the Guinness World Record for the world's largest residential palace with a total area of 2.
The head of the Bolkiah family is also rumoured to own 7, supercars including Rolls-Royces and Ferraris, as well as several private jets. Find out more about the Sultan of Brunei and his extreme spending. Based in Bangkok, a total of 22 individuals makes up the Thai royal family, including unofficial members and former spouses. But the core family numbers just Student-led protests demanding a reform of the monarchy erupted across the country last year, but these were countered by mass displays of devotion from crowds of loyalists pictured.
This estimate accounts for concrete assets such as property, as well as the value of the family brand. The Estate said it would investigate the matter further. Read more about how the British royal family make and spend their money. Qatar's Emir Sheikh Tamim bin Hamad Al Thani may be a lesser known royal to many, but he takes out tenth place on this list with ease. Former King Juan Carlos of Spain is undoubtedly wealthy, but his riches have caused controversy in recent years.
He stood down from the throne six years ago following allegations of financial misappropriation, and reportedly plans to leave Spain due to ongoing investigations. Sheikh Mohammed bin Rashid Al Maktoum of Dubai may be insanely wealthy, but he's been making headlines for other reasons in recent years. The Emirati ruler abducted two of his daughters and threatened his former wife a UK court ruled this year, following two years of controversy.
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