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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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.
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Despite the decline in his net worth, Sawiris remains a prominent figure among African business leaders.
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Sawiris’ stakes in Adidas and OCI have fallen in value below $1.9 billion and $2.6 billion.
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Sawiris owns a 38.8-percent stake in OCI N.V.
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Egypt’s richest man Nassef Sawiris gains $580 million as net worth surpasses $7.2 billion
The Egyptian billionaire derives most of his wealth from his investments in OCI N.V. and Adidas.
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Sawiris derives the majority of his fortune from his 38.8-percent stake in OCI N.V. and his six percent stake in Adidas.
- Hot News
Egyptian billionaire Nassef Sawiris gains $370 million as net worth rebounds above $6.5 billion
The majority of Sawiris’ fortune stems from his 38.8-percent stake in OCI N.V. and his six-percent stake in Adidas.
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Egypt’s richest man Nassef Sawiris loses $600 million in June after gaining $1.25 billion in May
His fortune is derived from a 38.8-percent stake in Netherlands-based OCI N.V. and a six-percent stake in German sportswear behemoth Adidas.
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Sawiris’ net worth reached $7.45 billion at the end of the month.
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