Egypt’s richest man Nassef Sawiris loses $300 million in one week
Sawiris’ stakes in Adidas and OCI have fallen in value below $1.9 billion and $2.6 billion.
Sawiris’ stakes in Adidas and OCI have fallen in value below $1.9 billion and $2.6 billion.
Sawiris derives the majority of his wealth from his six-percent stake in Adidas and 38.8-percent stake in OCI N.V.
Adidas executives remain confident despite the underwhelming results.
Beyonce’s success extends beyond her music empire.
West’s net worth has declined by $1.6 billion since his split with Adidas.
Since Adidas severed ties with Kanye West in October 2022, his net worth has declined by $1.6 billion.
This follows the termination of its partnership with Kanye West.
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Sawiris is one of the riches football club owners in Europe.
Sawiris also owns a $135-million stake in English club Aston Villa.
The Beverly Hills mansion is just one of Sawiris’ luxurious properties.
Ye’s net worth has declined by $1.6 billion since Adidas severed ties with Yeezy brand.
The Egyptian billionaire derives most of his wealth from his investments in OCI N.V. and Adidas.
Since Adidas severed ties with Ye in October, his net worth has declined by $1.6 billion.
Sawiris derives the majority of his fortune from his 38.8-percent stake in OCI N.V. and his six percent stake in Adidas.