Sawiris’ net worth is still assessed at $5.93 billion.
Nassef Sawiris
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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.
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Egyptian billionaires Nassef Sawiris, Hassan Allam to set up four supply commodities warehouses
The project will be developed at a cost of $203.7 million.
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Nassef Sawiris’ Orascom Construction in talks on $1.5-billion plant as Egypt faces water scarcity
The move comes in the wake of a water crisis that has left Egypt and its neighbors struggling.
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According to a bourse filing, Sawiris acquired 203,024 shares in Nile City Investments via the block transaction.
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Sawiris is the eighth-richest billionaire in Africa and Egypt’s richest man with a fortune worth more than $6.27 billion.
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Nassef Sawiris’ Orascom Construction completes acquisition of equipment distribution business
Orascom Construction has completed the acquisition of a leading equipment importation, distribution and services business in Egypt.
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Egypt’s richest man Nassef Sawiris enters ‘exclusive negotiating agreement’ to own MLS 30th extension team
MLS is a men’s professional soccer league and the highest level of professional soccer in the United States and Canada.
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Orascom Construction is a leading global engineering and construction contractor founded by the late Egyptian industrialist Onsi Sawiris.
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Sawiris’ stake in Adidas, the largest sportswear company in Europe, accounts for the bulk of his $6.69-billion fortune.