Egypt’s billionaire El-Sewedy family gains nearly $100 million in less than two weeks
This upswing solidifies their position as one of Egypt’s wealthiest families and prominent investors on the Egyptian Exchange.
Egyptian billionaire
Egyptian billionaire Yasseen Mansour gains $5.2 million from real estate firm
Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm.
Egyptian billionaire Ghabbour family scores $21.6-million gain from GB Corp stake
The Ghabbour family commands a 62.9-percent stake in the automaker, solidifying their status as one of the most affluent investors on the Egyptian Exchange.
Egypt’s Khamis family gains nearly $13 million from stake in Oriental Weavers
The recent surge in the market value of their stake in Oriental Weavers reinforces their status among Egypt’s wealthiest families and top investors on the Egyptian Exchange.
Egypt’s second-richest man Naguib Sawiris kicks off 2024 with $201-million loss
The recent $200-million decline in his fortune can be attributed to market fluctuations.
North Africa’s richest man suffers $271-million loss in first 10 days of 2024
A significant part of this wealth reduction stems from his considerable 38.8-percent ownership in the Dutch fertilizer company OCI N.V. and a six-percent stake in Adidas.
Egyptian billionaire Yasseen Mansour made $200 million last year
The $200-million surge in Mansour’s fortune in 2023 is largely linked to his investment in the family-owned conglomerate Mansour Group.
Egyptian billionaire El-Sewedy family gains $775 million in 2023
In 2023, Elsewedy Electric shares on the Egyptian Exchange experienced a remarkable surge of 130.7 percent.
Egyptian billionaire Ahmed El-Sewedy’s firm on track to finish $2.9-billion Tanzanian dam
Egyptian billionaire Ahmed El-Sewedy disclosed that the dam is now 94-percent complete and undergoing rigorous testing.
Egyptian billionaire El-Sewedy family’s inks $300-million deal for agricultural food complex
This latest venture with MAFI comes shortly after Elsewedy Electric announced plans to launch a multimillion-dollar industrial city project in Tanzania.
This Week In Review: A Snapshot of African Wealth Dynamics — Peters Expands Global Footprint, Mauritius Sees Passing of Legend (Dec. 25 to 29)
From Peters’ ace move in Mozambique to Johann Rupert’s claim of the title of Africa’s richest man, it has been an interesting week in African wealth.
Egypt’s second-richest man Naguib Sawiris rockets toward $6.5-billion net worth
The surge in Sawiris’ net worth has propelled him from $5.1 billion on Jan. 1 to $6.43 billion, adding $1.33 billion to his fortune since the start of the year.
Firm led by Egyptian billionaire Yasseen Mansour closes $13.7-million securitized bond
Mansour, the chairman of Palm Hills Developments, owns a 7.29-percent stake in the leading real estate group.
Egyptian billionaire Ahmed Ezz spends $11.1 million to boost stake in Ezz Steel
Prior to the transaction, Ezz held a commanding 60.71-percent stake.
Egypt’s El-Sewedy family gains $103 million, strengthens influence in Africa
Ahmed El-Sewedy and siblings Sadek and Mohammed hold a combined 68.1-percent majority stake in Elsewedy Electric, a staggering 1.48 billion ordinary shares.
Egyptian billionaire Ghabbour family gains $49 million in 22 days
This impressive financial gain further solidifies the Ghabbour family’s position as one of the richest investors on the Egyptian Exchange.