Naguib Sawiris
Cairo, Egypt
Bachelor of Arts/Science, Swiss Federal Polytechnical Institute | Master of Science, Swiss Federal Polytechnical Institute
Egypt
telecom
$2,900,000,000
775
#775 Billionaires 2019
#7 Africa's Billionaires 2019
Naguib Sawiris is a scion of Egypt's wealthiest family. His brother Nassef is also a billionaire.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 Telecom Media & Technology--renamed Orascom Investment Holding to reflect investments in other sectors.Family holding La Mancha has stakes in Evolution Mining, Endeavour Mining and Golden Star Resources, which operate gold mines in Africa and Australia.In 2017, he shifted ownership of La Mancha to his mother, Yousriya Loza-Sawiris, for estate planning purposes.
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.
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