Forbes Middle East

13. Aziz Akhannouch & family

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GLOBAL RANK: 1,664

NET WORTH 2021: $1.9 billion CHANGE: +$900 million AGE: 60 COUNTRY: Morocco SECTOR: Diversifie­d

Aziz Akhannouch is the majority owner of Akwa

Group, a multibilli­on-dollar conglomera­te founded by his father and a partner, Ahmed Wakrim, in 1932. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. Akhannouch is Morocco’s Minister of Agricultur­e and the president of the National Rally of Independen­ts, a political party.

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