Nassef Sawiris, the youngest son of the late Egyptian tycoon Onsi Sawiris, is the richest man in the Arab world, with a net worth of $8.5 billion, according to Forbes. He is also the 277th richest person in the world, and the largest shareholder of Adidas, the global sportswear giant. His fortune comes from his investments in various sectors, such as construction, fertilizers, sports, and technology.
Sawiris is the chairman of Orascom Construction, a leading engineering and construction company that operates in more than 20 countries. He is also the majority owner of OCI N.V., one of the world’s largest nitrogen fertilizer producers, with plants in the US and Europe. In addition, he has stakes in several other companies, such as LafargeHolcim, the world’s largest cement maker, and Aston Martin, the British luxury car manufacturer.
Sawiris is also a sports enthusiast, who owns 6 percent of Adidas and 28 percent of Aston Villa, an English Premier League football club. He is also a board member of the Egyptian Olympic Committee and the Egyptian Football Association. He has been supporting various sports initiatives in Egypt, such as the El Gouna International Squash Open and the Nacita Racing Team.
How Naguib Sawiris built a telecom empire and diversified his portfolio
Naguib Sawiris, the eldest brother of Nassef Sawiris, is the second richest man in Egypt, with a net worth of $3.3 billion, according to Forbes. He is also the 1,063rd richest person in the world, and the founder of Orascom Telecom, one of the largest mobile operators in Africa and the Middle East. His wealth comes from his ventures in telecommunications, media, technology, and real estate.
Sawiris made his fortune by selling Orascom Telecom to the Russian company VimpelCom (now Veon) in 2011, in a deal worth $6.5 billion. He then founded Orascom TMT Investments, a holding company that owns stakes in several telecom, media, and technology companies, such as Italia Online, Telecel Zimbabwe, and OTVentures. He also launched Ora Developers, a real estate company that develops luxury projects in Egypt, Cyprus, and Grenada.
Sawiris is also a philanthropist, who established the Sawiris Foundation for Social Development, which supports education, health, and culture programs in Egypt. He is also a political activist, who founded the Free Egyptians Party, a liberal political party that advocates for democracy and human rights in Egypt.
How Mohamed Mansour inherited and expanded a family conglomerate
Mohamed Mansour, the son of the late Egyptian businessman Loutfy Mansour, is the third richest man in Egypt, with a net worth of $3.3 billion, according to Forbes. He is also the 1,063rd richest person in the world, and the chairman of the Mansour Group, a family-owned conglomerate that operates in various sectors, such as automotive, consumer goods, retail, and banking. His wealth comes from his leadership and management of the Mansour Group, which is one of the largest and most diversified business groups in Egypt and Africa.
Mansour oversees the Mansour Group, which has more than 60,000 employees and operates in more than 100 countries. The group is the exclusive distributor of General Motors, Caterpillar, and McDonald’s in Egypt, and has partnerships with other global brands, such as L’Oréal, Philip Morris, and Metro. The group also owns Man Capital, a private equity and investment firm, and Mantrac, a dealer of heavy equipment and power systems.
Mansour is also a former politician, who served as the Minister of Transportation in Egypt from 2006 to 2009. He is also a philanthropist, who founded the Lead Foundation, a microfinance organization that supports small businesses and entrepreneurs in Egypt.
How Yasseen Mansour turned a family business into a real estate giant
Yasseen Mansour, the youngest brother of Mohamed Mansour, is the fourth richest man in Egypt, with a net worth of $2.9 billion, according to Forbes. He is also the 1,249th richest person in the world, and the chairman of Palm Hills Developments, one of the largest real estate developers in Egypt. His wealth comes from his involvement and innovation in the real estate sector, as well as his stakes in other businesses.
Mansour is the chairman and co-founder of Palm Hills Developments, which has a portfolio of more than 40 projects, including residential, commercial, and resort properties, in Egypt and London. He is also the co-chairman of the Mansour Group, along with his brother Mohamed, and has shares in several of the group’s subsidiaries, such as Man Capital and Mantrac.
Mansour is also a social entrepreneur, who established the Palm Hills Foundation, which supports education, health, and environment initiatives in Egypt. He is also a board member of the American University in Cairo and the Egyptian Businessmen’s Association.
How Noura Selim became the first female billionaire in Egypt
Noura Selim, the daughter of the late Egyptian industrialist Ahmed Selim, is the fifth richest person in Egypt, and the first female billionaire in the country, with a net worth of $2.1 billion, according to Forbes. She is also the 1,795th richest person in the world, and the executive director of the Sawiris Foundation for Social Development, which was founded by her uncle Naguib Sawiris. Her wealth comes from her inheritance and management of her father’s legacy, as well as her philanthropic work.
Selim inherited a 19.5-percent stake in Orascom Construction, the engineering and construction company that was founded by her grandfather Onsi Sawiris and is now chaired by her cousin Nassef Sawiris. She also inherited a 7.5-percent stake in OCI N.V., the fertilizer producer that is also owned by Nassef Sawiris. She is also a board member of both companies, and oversees their corporate social responsibility programs.
Selim is also the executive director of the Sawiris Foundation for Social Development, which is one of the largest private foundations in Egypt, and supports education, health, and culture programs in the country. She is also a board member of the American University in Cairo and the Egyptian Center for Economic Studies.
