Egyptian billionaire Naguib Sawiris warns of potential real estate bubble amid economic challenges
Egyptian billionaire and Ora Developers Chairperson Naguib Sawiris has expressed concerns over the potential of a real estate bubble in Egypt.
Naguib Sawiris
Egyptian billionaire Naguib Sawiris expands Orascom's gold mine investments to $1.5 billion
Billionaire Naguib Sawiris expands Orascom's gold investments to $1.5 billion amid rising global demand from China and Russia.
Naguib Sawiris lists Almaza Bay estate for $12.5 million
Egypt’s second-richest man Naguib Sawiris to sell coastal property amid investment expansion.
Egypt’s second-richest man loses $200 million in 3 weeks
Sawiris’ net worth currently stands at $6.53 billion, ranking him 422nd globally. This reflects a recent decline from a peak of $6.73 billion reached on April 9, 2024.
Egypt’s second-richest person Naguib Sawiris gains $130 million in 17 days
Sawiris, Egypt’s second-richest person, added $130 million to his fortune over the past 17 days.
Egypt’s second-richest person Naguib Sawiris sees net worth top $6.5 billion
Sawiris’ recent surge underscores his significant influence in the Middle East and North Africa and his ascent among the world’s elite billionaires.
Egypt’s second-richest man Naguib Sawiris gains $110 million in 5 days
His recent $110-million wealth gain is attributed to the recent performance of his investments, which encompass real estate, teleom, and the mining industry.
Egypt’s second-richest man criticizes government’s delay in devaluing currency
Sawiris suggests that aligning with the spiraling black market rate is imperative to address the chronic foreign currency shortage plaguing the nation.
Egypt’s second-richest man Naguib Sawiris kicks off 2024 with $201-million loss
The recent $200-million decline in his fortune can be attributed to market fluctuations.
Egypt’s second-richest man Naguib Sawiris rockets toward $6.5-billion net worth
The surge in Sawiris’ net worth has propelled him from $5.1 billion on Jan. 1 to $6.43 billion, adding $1.33 billion to his fortune since the start of the year.
Egyptian billionaire dives into Caribbean real estate, acquires 20 acres in Barbuda
Egypt’s second-richest man Naguib Sawiris seeks to solidify his presence further in the Caribbean.
Egypt’s second-richest man Naguib Sawiris hit by $110-million loss in 9 days
His wealth figures have plummeted due to a sharp decline in the market value of his diverse investments,
Egypt’s second-richest man Naguib Sawiris’ net worth surpasses $6 billion
With a net worth which amounts to $6.06 billion, Sawiris now ranks as the world’s 416th richest man.
Egypt’s second-richest man Naguib Sawiris’ net worth surges above $5.5 billion
With a $5.71-billion fortune, Sawiris ranks as the 431st richest person globally.