Nassef Sawiris has struck a deal for the takeover of Aston Villa last year. This corporation is operational in several industries in Egypt, including tourism, telecommunications, construction, science & technology, etc. Nassef Sawiris real name is Nassef Onsi Sawiris. Onsi Sawiris, Lana Sawiris and Naguib Sawiris, and many others are family members and associates of Nassef. America’s richest man, Bill Gates is one of a group of international investors acquiring a stake in OCI NV, an Egyptian construction and fertilizer company and a wholly-owned subsidiary of Orascom Construction Industries, SAE (OCI) controlled by Egyptian billionaire Nassef Sawiris. Nassef Sawiris net … In January 2013, he became CEO OCI NV[9] when they acquired the former parent company OCI SAE. Today we look at [...]. The pandemic hasn’t hurt most of the continent’s richest--in fact, they’re wealthier than a year ago. The family office of Egyptian billionaire Nassef Sawiris disclosed that it has a 5% stake in Madison Square Garden Sports Corp., the holding company that … The Egyptian billionaires listed are Nassef Sawiris, Mohamed Mansour, Naguib Sawiris, Yasseen Mansour, Youssef Mansour, and Mohamed al-Fayed.. Nassef Sawiris is the administrator of Orascom Construction Industries but in spite of this, Onsi Sawiris still owns the quarter of the company. He then continued at University of Chicago where he received a bachelor's degree in economics in 1982. Meet the 15 African billionaires who lost the most money in 2015. Forbes list reports that his brother Nassef is also a billionaire. [6], He was on the board of directors of the Cairo and Alexandria Stock Exchanges from 2004 to 2007, and was also a board director at the Dubai International Financial Exchange DIFX from July 2008. For example, Naquib’s brother Samih Sawiris is Chairman of Orascom Development. Nassef Sawiris is the Egyptian multi-billionaire who struck a deal for the takeover of Aston Villa last year, alongside business partner Wes Edens. Naguib Sawiris’s wife. In 2008, Forbes estimated the family's net worth at $36 billion. In December 2020, he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of the NBA Knicks and the NHL Rangers teams. When Onsi Sawiris first founded a construction company. In December last year, he nabbed a 5% stake in New York-listed firm Madison Square Garden Sports, owner of the NBA Knicks and the NHL Rangers teams. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. Ghada Sawiris was there at the beginning, long before Naguib became a larger-than-life icon of wealth and business wisdom. It would be easy to throw a dismissive barrage of polyester clichés her way, but to do so would be to miss the point. And he … Two new billionaires join the ranks of Africa’s richest, with 23 tycoons now hailing from 8 African countries. All Rights Reserved. (Bloomberg) -- The family office of Egyptian billionaire Nassef Sawiris disclosed that it has a 5% stake in Madison Square Garden Sports Corp., the holding company that owns the New York Knicks and Rangers. Orascom Construction Industries was split into two bodies in 2015 namely; OCI and Orascom Construction. His other brother, Samih Sawiris, is worth $850 million. [7] to June 2010 [8]. All Rights Reserved, Reflects change since 5 PM ET of prior trading day. Nassef Sawiris teamed up with Fortress Investment Group's Wes Edens to purchase Aston Villa Football Club. Exactly half of Africa’s billionaires got richer in the past year. [15], Other appointments include member of Cleveland Clinic's international leadership board,[16] and in 2013 became a member of the University of Chicago's board of trustees,[17] for which he setup the 'Onsi Sawiris Scholars Program' in honor of his father in March 2015. But is it possible that she is owned by one of the other Sawiris family members. When Nassef Sawiris disclosed last week that he is the largest individual shareholder not named Dolan to own a part of the New York Knicks and Rangers, it raised a curious question: Why is an activist investor and Egyptian fertilizer billionaire taking equity in a company tightly controlled by Long Island’s Dolan family? Nassef Sawiris is Egypt’s richest man with a fortune Forbes estimates at $7.2 billion. The Sawiris family (Coptic: ⲥⲉⲩⲏⲣⲟⲥ) is an Egyptian Coptic Christian family that owns the Orascom conglomerate, spanning telecommunications, construction, tourism, industries and technology. He runs OCI, one of the world’s largest nitrogen fertilizer producers. Nassef Sawiris is an investor and a scion of Egypt's wealthiest family. On Friday, OCI Partners (OCIP)'s Director, Nassef Sawiris, made a $588,096 purchase of OCIP, [...], Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Onsi Sawiris is the father of Nassef Sawiris as well as an aged member of the Sawiris family –one of the richest Egyptian backgrounds. As of April 2019, his net worth was estimated to be $7.5 billion,[1] and the fourth richest African in 2019, according to Forbes. His brother Naguib is also well-known as a billionaire. He belongs to one of the wealthiest families of Egypt. The second richest is Nassef Sawiris of Egypt, whose largest asset is a nearly 6% stake in sportswear maker Adidas. Naguib Sawiris is a scion of Egypt’s wealthiest family and has a net worth of $3.2bn. The Sawiris family has been active in the construction industry since 1950. Reflects change since 5 PM ET of prior trading day Nassef Sawiris is an investor and a scion of Egypt's wealthiest family. He is the founder of Orascom Construction Industries. at Egypt. At number three: Nicky Oppenheimer of South Africa, who inherited a stake in diamond firm DeBeers and ran the company until 2012, when he sold his family’s 40% stake in DeBeers to mining giant AngloAmerican for $5.1 billion. The Sawiris family is the richest family in Egypt. The continent outperformed the FORBES World Billionaires List, where only 46% of billionaires saw their fortunes increase in 2016. [18], Sawiris is married to Sherine, they have four children, live in London, and maintain a residence in New York City. [1], "African Billionaire Fortunes Decline On New FORBES List Of The Continent's Richest", https://www.arabianbusiness.com/culture-society/432946-naguib-sawiris-if-god-wanted-women-to-be-veiled-he-would-have-created-them-with-veil, "DIFX appoints Nassef Sawiris as Director", "Egyptian Billionaire Sawiris Discloses 6% Stake in Adidas", "University of Chicago Receives $20 Million for Egyptian Students", "Meet Sherine Magar Sawiris, The Wife Of Egyptian Billionnaire Nassef Sawiris", https://en.wikipedia.org/w/index.php?title=Nassef_Sawiris&oldid=999037312, Creative Commons Attribution-ShareAlike License, This page was last edited on 8 January 2021, at 05:17. Naguib Sawiris. [4], He joined the Orascom group in 1982 and oversaw the construction activities of Orascom Construction following the transfer of management control from his father Onsi Sawiris in 1995. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. The Forbes Billionaires’ List: Africa’s Richest People 2021, Richard Branson Jumps In On Billionaire SPAC Gold Rush: Virgin Hopes To Raise $480 Million With NYSE Listing, Africa’s Richest People—And The Tycoon Who Lost Half His Fortune, Bachelor of Arts/Science, University of Chicago. [5] He served on the board of Besix, following OCI SAE acquiring a 50% stake in the company in 2004, and a member of the enumeration and nominations committee until 2017. America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Egypt's Richest Man Nassef Sawiris Donates $6 Million To Chicago Booth School of Business, The Philanthropy Of Africa's Billionaires, African Billionaire Fortunes Rise On Forbes 2018 List Of Continent's Richest, African Billionaire Fortunes Decline On New FORBES List Of The Continent's Richest, The Biggest Billionaire Gainers In Africa In 2016, Monday 11/28 Insider Buying Report: OCIP, NEWM, The Biggest African Billionaire Losers Of 2015, Tuesday 6/16 Insider Buying Report: OCIP, SCTY, Tuesday 12/2 Insider Buying Report: OCIP, HCLP, Egyptian Billionaire Nassef Sawiris Launches New Investment Fund, Bill Gates And Other U.S. Investors Buy $1 Billion Stake In Egyptian Construction Firm. following the purchase of a 55% controlling stake by NSWE, a company jointly owned and controlled by Sawiris' group NNS and American billionaire Wes Edens. Unit price: $70,000,000 . The Sawiris family are the most famous and richest family in Egypt - but … [10] In 2015, he was elected a board member of LafargeHolcim,[11] having served on Lafarge SA's board since 2008. Africa's 21 billionaires are worth a combined $70 billion. Mfonobong Nsehe looks at how Africa's billionaires give back. They’ve all made big moves in the “blank check” market this week. When Onsi Sawiris first founded a construction company. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. He runs OCI, one of the world's largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. Why One Tycoon’s Fortune Fell 50% And Another’s Nearly Tripled In A Volatile Year For Some On The Continent. By the time Nassef turned eight years old, his father’s (Onsi) construction company became one of Egypt’s largest contractors, building roads and waterways along Egypt’s upper Nile region. Nassef Sawiris Net Worth 2019 – $7.9 Nassef Onsi Nagib Sawiris is an eminent Egyptian business person. Nassef Sawiris and Sherine Magar. He was a … He became CEO of Orascom Construction Industries following the company's incorporation in 1998. Nassef Sawiris, 58, belongs to a family of billionaires as he is the son of Onsi Sawiris and brother of Naguib Sawiris. Sawiris has bought a controlling stake in the troubled Championship club from the embattled Chinese owner. Egyptian engineering, procurement and construction company Orascom Construction Industries (OCI) has released an official statement announcing that the imprisonment verdict handed down by an Egyptian Court to its billionaire chief Nassef Sawiris has been “suspended and rendered unenforceable,” according to Al Bawaba.. 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