Rank #746
Naguib Sawiris
Net worth $5.6B
Telecom · Egypt
- Born
- Jun 15, 1954
- Age
- 71
- Source
- Telecom
- Residence
- Cairo
- Citizenship
- Egypt
- Marital status
- Married
- Children
- 4
- Education
- Bachelor of Arts/Science, Swiss Federal Polytechnical Institute; Master of Science, Swiss Federal Polytechnical Institute
Net worth over time
Biography
- Naguib Sawiris is a scion of Egypt's wealthiest family. His brothers Nassef and Samih are also billionaires.
- He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction.
- He's chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others.
- He also developed a luxury resort called Silversands on the Caribbean island of Grenada.
- Sawiris helped found The Free Egyptians, a liberal political party, at the onset of Egypt's uprisings in 2011.
- In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down.
Financial assets
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