Ahmed Ezz’s steel firm beats profit expectations, rakes in over $210 million
Ezz owns a controlling 60.7-percent stake in Ezz Steel.
Egyptian billionaire
Egyptian billionaire Naguib Sawiris’ net worth skyrockets to $5.8 billion
Sawiris predominantly holds his wealth in cash and closely held assets.
Egyptian tycoon Hassan Allam’s firm bags construction contract for Rosewood Amaala project in Saudi Arabia
With a construction backlog of $2.8 billion, Hassan Allam Holding has established itself as a key player in the construction industry.
Orascom Construction, led by Sawiris family, achieves major milestone in Egypt as part of consortium
Orascom Construction is 51.8 percent owned by the Sawiris family.
Egyptian billionaire Nassef Sawiris, partner inject $25 million into Aston Villa
The cash is interest-free and likely to be used to fund day-to-day operational activities.
Led by Egypt’s richest family, Orascom Construction smashes expectations with $134 million in profit in 2022
Orascom Construction is majority-owned by the Sawiris family through their private investment vehicle OS Private Trust Company.
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.
Egyptian billionaire Naguib Sawiris moves money to J.P. Morgan after Silicon Valley Bank’s collapse
Although Sawiris has no direct exposure to Silicon Valley Bank, his invested companies do.
Egyptian tycoon Medhat Khalil loses $10 million as Raya Holdings’ profits tumble below $14 million in 2022
Raya Holdings is an investment group.
Egypt’s richest man Nassef Sawiris sees near $300-million increase in net worth in 2023
Sawiris derives the majority of his wealth from his six-percent stake in Adidas and 38.8-percent stake in OCI N.V.
Egyptian billionaire Yasseen Mansour’s Palm Hills hits historic $40-million profit mark
Mansour’s 5.22-percent stake in Palm Hills Developments is now worth $10 million.
Top 10 richest North African billionaires
North African billionaires’ net worth surges as global markets rebound in 2023.
Egyptian businessman Ahmed El-Sewedy set to pocket $18.9 million dividend from electric company
El-Sewedy and his siblings own 68 percent of El Sewedy Electric.
10 richest African billionaires in 2023
African billionaires are bouncing back in 2023, after a challenging 2022 marked by significant losses in their net worth.
Egyptian billionaire Ahmed Ezz’s fortune skyrockets by $48 million in 2023 thanks to Ezz Steel stake
Ezz owns a majority stake of 60.7 percent in Ezz Steel.
Egyptian billionaire Samih Sawiris leads $385-million investment to transform Morocco’s hospitality industry
Sawiris is a leading Egyptian billionaire and a member of the wealthy Egyptian Sawiris family.