Home » Egypt’s richest man Nassef Sawiris purchases luxurious Beverly Hills mansion for $24 million

Egypt’s richest man Nassef Sawiris purchases luxurious Beverly Hills mansion for $24 million

by Yusuf Abdulfatai
Nassef Sawiris

Nassef Sawiris, Egypt’s richest man and the fifth-richest man in Africa with a net worth of $7.03 billion, recently made headlines as the mystery buyer behind the purchase of a lavish mansion in Beverly Hills’ Trousdale Estates neighborhood.

The modernist home, which was built in the late 1960s and underwent a major renovation in the 2000s, is now worth north of $24 million.

Sawiris, a leading billionaire who sits on the board of Adidas and OCI N.V., a global manufacturer and distributor of nitrogen and methanol products, has gained a reputation as a shrewd businessman with holdings in some of the world’s most valuable companies and sports franchises.

He holds a 38.8-percent stake in OCI N.V. and a six-percent stake in Adidas, making him the largest shareholder in the sportswear giant. In addition, Sawiris owns a 28.97-percent stake in Orascom Construction, a multinational engineering, and construction firm founded by his late father, Onsi Sawiris.

The Beverly Hills mansion, which spans 7,000 square feet and boasts five bedrooms with ensuite bathrooms, is just one of Sawiris’ luxurious properties. He also owns a $70-million penthouse in Manhattan and lavish homes in Cairo and London, which are reportedly his main residences.

The Trousdale Estates mansion features high ceilings, walls of glass, and blonde hardwood floors throughout. An infinity-edged swimming pool offers panoramic views of the western city skyline, from the Century City skyscrapers to the Pacific Ocean and Catalina Island.

In addition to a gym, wood-paneled office, and open-concept living and dining area with a gourmet kitchen and wet bar, the property also has a motorcourt with space for several vehicles in addition to a two-car carport.

Located on a desirable ridge in the Trousdale neighborhood, the mansion is surrounded by other impressive estates, including a two-house compound owned by French billionaire Bernard Arnault, who toppled Elon Musk in December to become the richest man in the world.

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