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The Richest Man In Egypt

Who Is The Richest Man In Egypt ? Nassef Sawiris

The Richest Man In Egypt – Nassef Sawiris as the Richest Man In Egypt an Egyptian billionaire businessman, and the youngest of Onsi Sawiris’ three sons. As of May 2021, his net worth was estimated to be $9.2 billion, and in 2021 he was considered to be the richest Arab as well as the second richest African.

The Richest Man In Egypt

Nassef Sawiris is an investor and a scion of Egypt’s wealthiest family. His most valuable asset is a nearly 6% stake in sportswear maker Adidas.

In December 2020, he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of the NBA Knicks and the NHL Rangers teams.

He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange.

Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai.

His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas.

Nassef Sawiris Biography : Net worth and Lifestyle

Nassef Sawiris Profile summary

Full name: Nassef Sawiris

Born : January 19, 1961 (age 60 years), Cairo, Egypt

Net worth : 8.9 billion USD (2021) Forbes

Spouse : Sherine Magar

Parents : Onsi Sawiris

Education : The University of Chicago (1982), MORE

Siblings : Samih Sawiris, Naguib Sawiris

Nassef Sawiris Biography

Nassef Sawiris received his secondary education from the Deutsche Evangelische Oberschule Kairo. He then continued at University of Chicago where he received a bachelor’s degree in economics in 1982.Sawiris is a member of Egypt’s Coptic Christian minority.

Nassef Sawiris Career Life

Sawiris joined the Orascom group in 1982 and oversaw the construction activities of Orascom Construction following the transfer of management control from his father Onsi Sawiris in 1995. He became CEO of Orascom Construction Industries following the company’s incorporation in 1998.He served on the board of Besix, following OCI SAE acquiring a 50% stake in the company in 2004, and a member of the enumeration and nominations committee until 2017.

He was on the board of directors of the Cairo and Alexandria Stock Exchanges from 2004 to 2007, and was also a board director at the Dubai International Financial Exchange DIFX from July 2008 to June 2010. 

In January 2013, he became CEO OCI NV when they acquired the former parent company OCI SAE. In 2015, he was elected a board member of LafargeHolcim, having served on Lafarge SA’s board since 2008.

In October 2015, it was reported that Sawiris had acquired a stake in Adidas AG via his investment company NNS Holding Sàrl Luxembourg. In 2016 he was appointed supervisory director of Adidas AG, Herzogenaurach, Germany.

It was announced in July 2018 that Sawiris would replace Tony Xia as chairman of Aston Villa F.C. following the purchase of a 55% controlling stake by NSWE, a company jointly owned and controlled by Sawiris’ group NNS and American billionaire Wes Edens.In August 2019, after Aston Villa were promoted to the Premier League, Tony Xia’s remaining shares were bought out by NSWE, assuming full control over the club in the process.

In October 2020, Sawiris founded Avanti Acquisition Corp, a Special-purpose acquisition company.

Nassef Sawiris Net Worth 2021

Nassef Sawiris is currently the richest man in Egypt , with an estimated net worth of low 8.9 billion USD (2021).

Where is Nassef Sawiris now?

Sawiris is married to Sherine, they have four children, live in London, and maintain a residence in New York City.

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