Egypt’s second-richest man Naguib Sawiris hits new milestone as net worth soars past $6 billion
Sawiris’ net worth has risen from $5.1 billion on Jan. 1 to an impressive $6.11 billion at the time of drafting this report.
Sawiris’ net worth has risen from $5.1 billion on Jan. 1 to an impressive $6.11 billion at the time of drafting this report.
Founded by Berzi in 1996, Edita is renowned as a market leader in Egypt’s flourishing packaged snack food market.
As of the time of reporting, the market value of Sawiris’ holdings in Aston Villa has reached an impressive $147 million.
El-Sewedy, alongside his siblings Sadek and Mohammed, collectively owns 68 percent of the company.
Orascom Investment Holding was established in 2011 under the leadership of Egyptian billionaire Naguib Sawiris
Sawiris’ foray into the Saudi Arabian tourism market follows a series of successful ventures in other countries.
Rology was founded in October 2017 by Egyptian entrepreneurs Amr AboDraiaa, Moaaz Hossam, Mahmoud Eldefrawy, and Bassam Khallaf.
Hassan Allam Holding, led by Allam and his brother Amr, is one of the largest privately held corporations in Egypt.
Despite the decline in his net worth, Sawiris remains a prominent figure among African business leaders.
Under El-Sewedy’s leadership, the group’s ed-tech firm aims to establish universities that adopt innovative educational approaches.
Under Mansour’s leadership, the firm delivered exceptional financial results at the end of the 2022 fiscal year.
Under the leadership of Sabry, Fawry reported a consolidated profit of $4.6 million in the first quarter of 2023.
Under Kafafi, TAQA Arabia has experienced remarkable growth.
Established in 1950 by the late Egyptian businessman Onsi Sawiris, Orascom Construction is majority-owned by the Sawiris family.
El Sewedy Electric achieved extraordinary financial success in the first quarter of 2023.
The announcement came during a meeting between Egypt’s second-richest man Naguib Sawiris and Uzbek President Shavkat Mirziyoyev.