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.
Nassef Sawiris
OCI, owned by Egypt’s richest man Nassef Sawiris, to sell methanol business for $2.05 billion
The $2.05-billion deal includes U.S. and European assets and a stake in Natgasoline LLC.
Nassef Sawiris approaches $10-billion net worth: Key companies driving his wealth
Egyptian billionaire Nassef Sawiris' net worth nears $10 billion, up $1.26 billion this year, thanks to strong performance in OCI and Adidas stocks.
Egypt’s richest man Nassef Sawiris’ net worth tops $9 billion
Year-to-date, Sawiris’ wealth has increased by $667 million, driven by the performance of his stakes in Dutch fertilizer giant OCI N.V. and German sportswear giant Adidas.
Egypt’s richest man Nassef Sawiris’ net worth soars by $410 million in 9 days
The unexpected surge catapults Sawiris nine spots on the Bloomberg Billionaires Index, from 300th to 291st.
Egypt’s richest man loses $350 million in just six days
The leading Egyptian billionaire has seen his ranking on the Bloomberg Billionaires Index slip following a decline in the market value of his holdings.
Adidas shares owned by Egypt’s richest man Nassef Sawiris surpass $2.7 billion
The recent surge in the share price of Adidas has bolstered Sawiris’ wealth significantly, with his stake now valued at $2.71 billion.
Egyptian billionaire Nassef Sawiris’ OCI N.V. posts $392-million loss in 2023
This is attributed to lower global nitrogen pricing and a reduction in natural gas prices in Europe and the United States following the exceptional highs of 2022.
Orascom Construction, led by Egypt’s richest family, reports $8.1-billion backlog
Throughout 2023, Orascom Construction expanded its footprint by securing quality, internationally funded projects in Egypt and diversifying its presence in the UAE.
Egypt’s richest man Nassef Sawiris makes $230 million in just 2 weeks
Egypt’s richest man Nassef Sawiris has experienced a remarkable upswing in his fortunes, with his net worth skyrocketing by $230 million in…
North Africa’s richest man considers breaking up his billion-dollar empire
Sawiris hails U.S. investor Jeff Ubben’s influence as OCI embraces strategic overhaul.
Egypt’s richest man Nassef Sawiris loses $220 million in 2024
This downturn — which translates to an average daily loss of $8.16 million since the start of the year — is linked to the slump in the market value of his industrial assets in Europe and Africa.
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.