Naguib Sawiris is a prominent Egyptian billionaire businessman and investor. He is the eldest son of the wealthiest family in Egypt, the Sawiris family.
Both his brothers are billionaires.
His youngest brother, Nassef Sawiris is the major shareholder in premier league football club Aston Villa FC and the sports multinational Addidas FC.
This is his profile as told by WOA:
Naguib Sawiris net worth
According to Forbes, Naguib Sawiris has a net worth of $3.8 Billion. He has built his fortune through numerous business ventures, primarily in telecommunications, real estate, and media.
This positions him as the second-richest man in Egypt, following his brother Nassef Sawiris, who has a net worth of approximately $8.7 billion and is considered one of the wealthiest men in the Middle East.
Naguib Sawiris owns or has significant stakes in several companies across various industries. They include:
- Orascom Investment Holding S.A.E.: A prominent holding company with diverse investments in telecommunications, media, technology, and construction.
- La Mancha Holding: A private natural resource investment vehicle that holds stakes in gold mining companies such as Evolution Mining, Endeavour Mining, and Golden Star Resources.
- Orascom Construction: A leading engineering and construction contractor operating in the United States, the Middle East, Africa, and Central Asia.
- Gemini Global Development Egypt: A real estate development company with projects like the Silver Sands resort in Grenada and the Ayia Napa Marina in Cyprus.
- Euronews: Formerly held a majority stake in the pan-European television channel.
- Italiaonline: An Italian internet company.
- OTMT Acquisition Sarl: Holds a 37% stake in Orascom Investment Holding
Aside from his companies, Sawiris owns a diverse portfolio of properties through his real estate development company, ORA Developers, and other ventures.
For instance, he is considered one of Grenada’s largest property owners. He also owns resorts and mansions in Cyprus and Pakistan.
The billionaire holds a diploma in mechanical engineering and a Master’s Degree in Technical Administration from the Swiss Federal Institute of Technology (ETH Zurich).
But how did Naguib Sawiris make his billions?
Naguib Sawiris Success Journey
Naguib Sawiris was born on June 17, 1954, into a prominent Egyptian business family.
His father, Onsi Sawiris, founded Orascom Construction Industries, which laid the groundwork for Naguib’s future endeavors.
With an initial capital of 5,000 EGP, Sawiris quickly turned this investment into $250,000 within two years. This early success convinced his father to partner with him in business ventures.
In 1997, Sawiris founded Orascom Telecom Holding (OTH), which became one of the largest telecommunications companies in the Middle East and Africa. He was instrumental in launching Egypt’s first mobile phone network, Mobinil.
Under his leadership, OTH expanded its operations globally, acquiring licenses in various countries and introducing innovative mobile services. By the early 2000s, OTH operated in 28 countries.
In 2005, he made a bold move by acquiring Wind Telecomunicazioni, Italy’s third-largest mobile operator, financing the deal with half of his net worth.
In 2011, he sold Orascom Telecom to the Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction.
He later founded La Mancha Holding, a private natural resource investment vehicle, which holds stakes in several gold mining companies
He is married to Ghada Gamil Sawiris, and they have four children.
