The $100-million decline in Akhannouch’s net worth is primarily attributed to the revaluation of his holdings in Akwa Group.
Moroccan Prime Minister
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Akhannouch derives the majority of his fortune from Akwa Group, a multibillion-dollar conglomerate founded in 1932 by his father.
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Akhannouch’s net worth has fallen by $400 million since the start of 2022.
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Akhannouch is a leading businessman who was appointed prime minister of Morocco in September 2021.
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Akhannouch remains one of the richest investors on the Casablanca bourse and one of Morocco’s richest businessmen.