Egyptian billionaire Nassef Sawiris gains $1.25 billion in May
Sawiris’ net worth reached $7.45 billion at the end of the month.
Adidas
Egyptian billionaire Nassef Sawiris loses $270 million in April
The loss is directly linked to the performance of the German sportswear behemoth Adidas.
Egyptian billionaire Nassef Sawiris recovers from deficits as net worth exceeds $6.6 billion
With a total net worth of over $6.6 billion, Sawiris remains the richest man in Egypt and the 389th richest man in the world.
Egypt’s richest man Nassef Sawiris has now lost $566 million since start of 2022
Sawiris’ net worth is still assessed at $5.93 billion.
Egyptian billionaire Nassef Sawiris loses $450 million in February as shares in Adidas slump
Sawiris had a net worth of $6.5 billion at the start of February.
Egyptian billionaire Nassef Sawiris’ net worth slumps by $190 million in just a week
The decline can be linked to a slump in Adidas’ shares, as investors sell off their positions in the company.
Egypt’s richest man Nassef Sawiris loses $621.8 million due to slump in Adidas shares
Investors fear supply chain disruptions caused by COVID-19 could impact Adidas’ sales.
Egyptian billionaire Nassef Sawiris’ net worth rises by $820 million in May
The surge is largely due to gains in his shares in Adidas and OCI N.V.