Despite the recent $103 million decline in his fortune, Sawiris’ present fortune of $7.51 billion makes him the 303rd richest individual globally.
Nassef Sawiris
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Sawiris derives his wealth from his holdings in Adidas, the renowned sportswear giant, and OCI N.V., a Netherlands-based fertilizer producer.
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Despite the recent dip in his Aston Villa ownership, Sawiris has had a lucrative year, with wealth gains exceeding $640 million.
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Founded in 1950 by the late Egyptian tycoon Onsi Sawiris, Orascom Construction is led by the Sawiris family.
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Sawiris remains not only the richest man in Egypt but also the most affluent individual in the Arab world.
- North Africa
Egypt’s richest man faces $846-million loss from investment in Dutch fertilizer producer
Sawiris, who is the richest man in Egypt, owns a 38.8-percent stake in Dutch fertilizer producer, OCI N.V.
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The resurgence in Sawiris’ wealth can be primarily attributed to the impressive performance of his holdings in Adidas.
- North Africa
Nassef Sawiris-linked firm reduces stake in Portuguese club in compliance with UEFA regulations
Egyptian billionaire Nassef Sawiris is considered one of Europe’s wealthiest football club owners.
- North Africa
Egypt’s richest man Nassef Sawiris’ Aston Villa stake skyrockets by $13 million in 2023
As of the time of reporting, the market value of Sawiris’ holdings in Aston Villa has reached an impressive $147 million.
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Despite the decline in his net worth, Sawiris remains a prominent figure among African business leaders.