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The richest arabic person in the world - Essay Example

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Nasser Al Kharafi, the Kuwaiti owner of the multinational M.A. Kharafi & Sons, ranks 52nd on the 2007 Forbes list of the world's billionaires, with a net worth of $12.4 billion. This is a fall in rank from his 39th position in 2005, but that does not mean he has grown poorer, because his net worth was actually only $9 billion in that year…
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Nasser Al Kharafi, the Kuwaiti owner of the multinational M.A. Kharafi & Sons, ranks 52nd on the 2007 Forbes list of the world's billionaires, with anet worth of $12.4 billion. This is a fall in rank from his 39th position in 2005, but that does not mean he has grown poorer, because his net worth was actually only $9 billion in that year. So his riches have in fact grown by $3.4 billion in the past two years.
Son of the esteemed Mohammed Abdulmohsin Al-Kharafi, who was the founder of the M. A. Kharafi Group of companies as well as one of the founders of the National Bank of Kuwait, Nasser Al Kharafi has taken over the business after learning its ropes from his father. But his role is not limited solely as the only leader of the Al-Kharafi Group.
He has served on the board of directors of the National Bank of Kuwait, been the chairman of the Egypt Kuwait Holding Company, the managing director of the Aluminium Industries Companyas well as the chairman of the Kuwait Food Company. He has distinguished himself in each of these roles and has been presented with many awards, accolades, and honorary degrees for his abhorrence for corruption and his business acumen, both in Kuwait and in other countries.
His brother Jassam Mohammad Al- Kharafi, is a prominent politician in Kuwait, being the former member of the Kuwait National Assembly and former Minister of Finance. His sister Faiza was the first woman president of Kuwait University from 1993 to 2002. Al- Kharafi's three sons, Marzouk, Badr and Faisal have now proven their mettle in various roles in the group of companies.
Most of this fabulous wealth was inherited, but Al-Kharafi has done a lot to increase manifold the wealth that was left to him by his parent. M.A. Kharafi & Sons started off as the National Company for Mechanical and Electrical works in1976. Through sagacious moves and investments, the once national company has now become multi-national with major interests in diverse areas like construction, food, water, chemicals, petroleum and power.
Some of the biggest construction projects in Africa and the middle-east are in the capable hands of Al-Kharafi's multi billion dollar corporation. Under this group, the largest waste water treatment plant in the world, known as the Sulaibiya Wastewater Treatment and Reclamation Plant was built and pressed into action. The Al-Kaharafi group has prospered also with the rising investments and share appraisals in a few of their holdings like the Mobile Telecommunications Co., National Bank of Kuwait, and Americana, operator of U.S. fast food chains in the Middle-east.
One of the reasons this billionaire's example is inspiring and worth emulating is because he has never measured his success in terms of revenue earned, but rather in a humane and moralistic evaluation, wherein the company gives back to the community it sprung from by creating new jobs and opportunities for business. Kaharafi's views are a refreshing mix of humane traditionalism and an emphasis on modern technical know-how which makes the Al-Kharafi group a tough act to beat.
This corporate leader believes in honesty and integrity in an increasingly corrupt world and his group is known for its record of no compromises on quality. Al-Kharafi is a good example to follow, because in a middle-east divided by religious fanaticism and strife, the corporate leader Al-Kharafi has been able to create a multinational company spread out all over Africa and the Middle-east. Using his sagacity, diplomacy and knowledge of human nature, Al-Karafi has been able to create a business empire. If one wants to rise up the corporate ladder one can hardly do better than Al-Kharafi's example of exemplary efficiency. Read More
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