Egypt’s richest man Nassef Sawiris's net worth grows by $1.15 billion
His wealth increase puts him among the select African billionaires whose wealth has swelled by over a billion dollars this year.
Related
Adidas nominates $9.3 billion Egyptian mogul Nassef Sawiris as its next chairman
Nassef Sawiris, worth $9.3 billion and already a major Adidas shareholder, is set to become the sportswear giant's next chairman.
Billionaire Moulay Elalamy's Saham Group moves to deepen its stake in teleperformance with a $412m equity swap
Saham Group has executed a $412 million equity swap to boost its position in Teleperformance, the global customer services company it helped build.
Adidas taps billionaire Nassef Sawiris as chair
Adidas is replacing its embattled chairman with Egyptian billionaire Nassef Sawiris and keeping CEO Bjorn Gulden locked in through 2030.
Egyptian billionaire Nassef Sawiris steps down as OCI Global executive chair
Nassef Sawiris, Egypt's richest man, is leaving OCI Global's top seat, citing other professional commitments, effective at the next AGM.
Latest
Malagasy tycoon Hassanein Hiridjee's AXIAN Telecom partners with AST SpaceMobile for satellite broadband in Africa
AXIAN Telecom and AST SpaceMobile have teamed up to deliver satellite broadband directly to standard smartphones across Africa's most underserved communities.
Dangote Sugar cuts losses by 73% as revenue surges to $432.6 million in 2025
Dangote Sugar slashed its losses by 73% in 2025 as revenue surged to N665.6 billion, signaling the worst of Nigeria's currency crisis may be easing.
Elon Musk's X Money promises 6 percent yield and cashback as it moves out of the shadows
Elon Musk's X Money has entered limited beta testing, dangling a 6 percent annual yield and cashback as the everything app vision takes shape.
Adidas nominates $9.3 billion Egyptian mogul Nassef Sawiris as its next chairman
Nassef Sawiris, worth $9.3 billion and already a major Adidas shareholder, is set to become the sportswear giant's next chairman.