Nassef Sawiris owns 28.97 percent of the multinational construction group, or 33,825,323 shares.
Nassef Sawiris
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The billion-dollar bump in his net worth is due to the company’s year-to-date gains.
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Egypt’s richest man Nassef Sawiris now wealthier than Henry Samueli; net worth over $7.25 billion
The billionaire’s net worth has risen by $738 million since the start of the year.
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The loss is directly linked to the performance of the German sportswear behemoth Adidas.
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Egypt’s seven billionaires account for $17.83 billion of Egypt’s $307 billion in private wealth.
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Meanwhile, his stake in German sportswear behemoth Adidas is valued at $2.59 billion.
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Nassef Sawiris, Egypt’s richest man, is now richer than Canadian billionaires Linda Campbel and Gaye Farncombe
Sawiris’ net worth has recently risen due to a surge in the value of his industrial assets.
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Despite losing $600 million in net worth, Sawiris remains the richest Arab billionaire on the Forbes list of the world’s richest people.
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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 …
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Led by Egypt’s richest family, Orascom Construction reports profits of $125.3 million in 2021
The billionaire Sawiris family controls 51.8 percent of the Egypt-based contractor through OS Private Trust Company.