KUTAYBA ALGHANIM • Net Worth $1 billion • Yacht • House • Private Jet • Alghanim Industries

Name:Kutayba Alghanim
Net Worth:$1.4 billion
Source of Wealth:Alghanim Industries
Born:January 7, 1944
Children:Waleed, Omar, Bassam and Samar
Residence:Lloyd Harbor, NY, USA
Private Jet:Gulfstream G650 (N515KA), Gulfstream G550 (N5GV), Gulfstream G550 (N555GV)

Who is Kutayba Alghanim?

Kutayba Alghanim is the shareholder and chairman of Alghanim Industries. He was born in 1944. He was married and has 4 children (Waleed, Omar, Bassam and daughter Samar).

Alghanim Industries is one of the largest privately-owned companies in Kuwait and the Gulf region.

It operates in more than 40 countries. It was founded by his father Yusuf Ahmed Alghanim.

Kutayba graduated at the University of California and returned to Kuwait in 1970.

Alghanim Family

The Alghanim family has a long history as commercial merchants in the region. Already in the 1930s, the company founded by his grandfather had 4,000 employees.

Alghanim introduced General Motor vehicles in Kuwait. And became one of the largest GM agencies in the world.

Kuwait’s Biggest Auto Dealer

Alghanim Automotive is Kuwait’s biggest auto dealer. For brands as Chevrolet and Cadillac. Nowadays Alghanim Industries holds the agencies for companies like Sony Ericsson, Samsung, Siemens, Nokia, IBM, Dell, Daewoo, Compaq, and Philips.

The family business has more than 14,000 employees. And has been recognized as one of the Best Employers in the Middle East. And as one of Asia’s Best Employer Brands.

Kutayba Alghanim

Kutayba Alghanim

Omar Alghanim

His son Omar Kutayba Alghanim is the CEO of Alghanim Industries. He is also Chairman of the Gulf Bank. The Gulf Bank is one of the largest banks in Kuwait. Omar was awarded the title ‘Businessman of the Year’ in 2013. By Arabian Business Magazine. He is the owner of the yacht SANOO.

Kutayba Alghanim Net Worth

Forbes estimates his net worth at $1.4 billion.

Alghanim Residence

He lives with his wife in Lloyd Harbor, near New York City.








Samar was listed for sale as her owner was building a new yacht.

Benetti FB272 yacht Luminosity

We were told that the 108 meter (353ft) Benetti FB272 was supposed to be the replacement for Samar. She was launched in early 2019. Her name would become SOZA. The Soza boat has a steel hull and an aluminum superstructure.

Her interior is designed by Zaniz Interiors.

Luminosity For Sale

To our surprise, the Benetti FB272 was named Luminosity and was listed for sale in April 2020.  Her asking price is EUR 225 million (US$ 250 million). We heard about some issues between the yard and the owner.

Do you know more? Please do send us a message.

Kutayba Alghanim House