Egyptian billionaire Naguib Sawiris moves money to J.P. Morgan after Silicon Valley Bank’s collapse
Although Sawiris has no direct exposure to Silicon Valley Bank, his invested companies do.
Egyptian billionaire
Egyptian tycoon Medhat Khalil loses $10 million as Raya Holdings’ profits tumble below $14 million in 2022
Raya Holdings is an investment group.
Egypt’s richest man Nassef Sawiris sees near $300-million increase in net worth in 2023
Sawiris derives the majority of his wealth from his six-percent stake in Adidas and 38.8-percent stake in OCI N.V.
Egyptian billionaire Yasseen Mansour’s Palm Hills hits historic $40-million profit mark
Mansour’s 5.22-percent stake in Palm Hills Developments is now worth $10 million.
Top 10 richest North African billionaires
North African billionaires’ net worth surges as global markets rebound in 2023.
Egyptian businessman Ahmed El-Sewedy set to pocket $18.9 million dividend from electric company
El-Sewedy and his siblings own 68 percent of El Sewedy Electric.
10 richest African billionaires in 2023
African billionaires are bouncing back in 2023, after a challenging 2022 marked by significant losses in their net worth.
Egyptian billionaire Ahmed Ezz’s fortune skyrockets by $48 million in 2023 thanks to Ezz Steel stake
Ezz owns a majority stake of 60.7 percent in Ezz Steel.
Egyptian billionaire Samih Sawiris leads $385-million investment to transform Morocco’s hospitality industry
Sawiris is a leading Egyptian billionaire and a member of the wealthy Egyptian Sawiris family.
Abdul Samad Rabiu reclaims title of fourth-richest man in Africa with $700-million net worth surge
Rabiu’s net worth has increased by more than $700 million in the past 24 hours, from $7.1 billion to $7.8 billion.
Abdul Samad Rabiu loses Africa’s fourth-richest spot as net worth drops $545 million in 24 hours
Rabiu maintains his rank as Nigeria’s second-richest person, outpacing telecom billionaire Mike Adenuga.
Egyptian billionaire Mohamed Mansour’s net worth skyrockets by $400 million
Mansour is the world’s 1,034th richest man.
Egyptian billionaire Nassef Sawiris overtakes Abdul Samad Rabiu as Africa’s fourth-richest man
Since the start of the year, Sawiris’ net worth has risen by $200 million.
Egyptian billionaire Yasseen Mansour’s Palm Hills closes $20.9 Million bond offering
Mansour holds a significant 5.22-percent stake in Palm Hills Developments.
Egyptian billionaire Nassef Sawiris splashes $5.8 million to acquire stakes in Portuguese football club
Sawiris is one of Europe’s wealthiest football club owners.
Top 5 African billionaires add $3.05 billion to their wealth in just 45 days
They have gained $3.052 billion in net worth since the start of the year.