Born in 1944, Nasser Al-Khorafi was a Kuwaiti businessman and the founder of M.A. Khorafi & Sons. With the Khorafi Group showing an annual turnover of around $4.3 billion in sales, Al-Khorafi's net worth continued to increase steadily in recent years due to the rising share prices of several Khorafi Group holdings, including Zain, National Bank of Kuwait and Americana, the sole Middle East franchise-holder for a number of US fast food chains.
Nasser Al-Khorafi may be best remembered amongst his many pioneering roles as the founder and chairman of the Khorafi Group, one of the largest and most diversified conglomerates in the Arab world, with the group's lucrative food division, Americana, holding the exclusive franchise rights in the Middle East for fast food brands including KFC, Wimpy, TGI Friday's, Cadbury's, Pizza Hut and Saint Cinnamon. He is also the largest individual stakeholder in the popular doughnut company, Krispy Kreme holding 13.8
percent.
This year Al-Khorafi also featured heavily in the British press after his name was linked to a rumored buyout of Newcastle United football team. Reports claimed the billionaire was in discussions to buy the club for $440m, but the rumors were later denied.
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