The latest located estimate puts Bassam Alghanim’s net worth at more than $1.9 billion, according to the Los Angeles Business Journal’s October 6, 2025 profile. That is the publication’s estimate—not an audited or exact current figure. The reviewed sources do not establish his net worth as of October 8, 2026.
What is Bassam Alghanim’s net worth?
The Los Angeles Business Journal estimated Alghanim’s fortune at more than $1.9 billion in 2025. The figure is an editorial estimate; the profile does not establish a precise, independently verified personal balance sheet. Los Angeles Business Journal, October 6, 2025.
How published estimates have changed
| Publication year | Publisher | Reported estimate | Basis or qualification |
|---|---|---|---|
| 2025 | Los Angeles Business Journal | More than $1.9 billion | Estimate in its October 6, 2025 profile. Source. |
| 2024 | Los Angeles Business Journal | $1.8 billion | Estimate in its October 7, 2024 profile; that profile also listed $1.7 billion for 2023. Source. |
| 2023 | Los Angeles Business Journal | $1.7 billion | Estimate reported for 2023. Source. |
| 2007 | Forbes | $1.6 billion | Historical estimate. Forbes said publicly traded fortunes were calculated using share prices and exchange rates from February 9, 2007. Source. |
These are estimates published in different years, not a consistent official series. In particular, the 2007 Forbes figure reflects a different date and stated calculation basis, so it should not be read as a current valuation or compared as if the underlying assets and methods stayed constant.
What the reported fortune is tied to
The Los Angeles Business Journal attributes Alghanim’s wealth primarily to inheritance and reports that it remains anchored in interests in Alghanim Industries, alongside Bel Air real estate. Its 2024 profile said he and his brother Kutayba each inherited half of the company after their father Yusuf’s death, under an arrangement dating to the 1970s. Los Angeles Business Journal, October 7, 2024.
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- Author: Walton, Sam.
- Publisher: Bantam
- Pages: 368
- Publication Date: 1993
- Edition: Illustrated
Alghanim Industries is a diversified family business, but its scale should not be mistaken for the value of Bassam Alghanim’s personal stake. A collaborative research spotlight by New York University Abu Dhabi and the Tharawat Family Business Forum describes the company as headquartered in Kuwait City, operating in more than 40 countries and spanning 30 businesses across sectors including automotive sales, engineering, finance, manufacturing, retail, food and transport. It traces the modern family-business era to 1932. NYU Abu Dhabi and Tharawat Family Business Forum.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Why the 2025 estimate is not an exact personal valuation
The journal’s 2025 profile includes several asset and business developments, but those reports do not add up to a complete personal balance sheet. It reported that a Bel Air compound bought in 2019 for $52.2 million was estimated by appraisers at more than $150 million at the time of publication. It also covered the end of his Canadian cannabis venture through BZAM, which entered creditor protection in 2024, and reported a U.S. court order requiring him to pay his brother $31.3 million plus fees. These are the journal’s reported claims, not independently established components that can be simply added or subtracted to calculate net worth. Los Angeles Business Journal, October 6, 2025.
Net worth is the value of assets minus liabilities. A property estimate, a company’s operating footprint or a court-ordered payment alone does not reveal the complete value of an individual’s holdings, ownership share, debt or other obligations. The reviewed sources do not provide an exact current personal balance sheet or a separately verifiable 2026 estimate, so a precise figure for today is not established.
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