This corporation is operational in several industries in Egypt, including tourism, telecommunications, construction, science & technology, etc. Unit price: $70,000,000 . Ghada Sawiris was there at the beginning, long before Naguib became a larger-than-life icon of wealth and business wisdom. As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. Mr. Onsi Sawiris Advisor to the Board In 1976, Mr. Onsi Sawiris founded Orascom, a leading private sector contractor working in partnership with international companies. It would be easy to throw a dismissive barrage of polyester clichés her way, but to do so would be to miss the point. List topper Nassef Sawiris held a total fortune of five billion dollars, a fortune which the magazine noted had fallen by 21.9 percent compared to $6.4 billion last year. Forbes list reports that his brother Nassef is also a billionaire. [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. [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. [3], Since 1982, he has held senior positions with several organizations. The Egyptian billionaires listed are Nassef Sawiris, Mohamed Mansour, Naguib Sawiris, Yasseen Mansour, Youssef Mansour, and Mohamed al-Fayed.. 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? In 2008, Forbes estimated the family's net worth at $36 billion. His brother Naguib is also well-known as a billionaire. [2], Nassef Sawiris received his secondary education from the Deutsche Evangelische Oberschule Kairo. The Sawiris family has been active in the construction industry since 1950. Naguib Sawiris’s wife. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. 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. © 2021 Forbes Media LLC. © 2021 Forbes Media LLC. 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. So let's look at two noteworthy recent insider buys. Richest Family in Egypt The Sawiris family is the richest family in Egypt. The yacht’s owner is Naquib Sawiris. Nassef Sawiris represents Egypt’s wealthiest family just like his brother Naguib. Nassef Onsi Sawiris (Arabic: ناصف أنسى ساويرس‎; born in 1961) is an Egyptian billionaire businessman, the youngest of Onsi Sawiris' three sons (his brothers are Naguib and Samih). Today we look at [...]. The Sawiris family has been active in the construction industry since 1950. His most valuable asset is a nearly 6% stake in sportswear maker Adidas. Why One Tycoon’s Fortune Fell 50% And Another’s Nearly Tripled In A Volatile Year For Some On The Continent. [18], Sawiris is married to Sherine, they have four children, live in London, and maintain a residence in New York City. They’ve all made big moves in the “blank check” market this week. Richest Family in Egypt. [7] to June 2010 [8]. Several sources link the yacht to Naguib Sawiris. Orascom Construction Industries was split into two bodies in 2015 namely; OCI and Orascom Construction. And he … Nassef Onsi Sawiris (Arabic: ناصف أنسى ساويرس‎; born in 1961) is an Egyptian billionaire businessman, the youngest of Onsi Sawiris' three sons (his brothers are Naguib and Samih). But is it possible that she is owned by one of the other Sawiris family members. The Sawiris family (Coptic: ⲥⲉⲩⲏⲣⲟⲥ) is an Egyptian Coptic Christian family that owns the Orascom conglomerate, spanning telecommunications, construction, tourism, industries and technology. Nassef Sawiris is the administrator of Orascom Construction Industries but in spite of this, Onsi Sawiris still owns the quarter of the 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. Nassef Sawiris is the Egyptian multi-billionaire who struck a deal for the takeover of Aston Villa last year, alongside business partner Wes Edens. Nassef Sawiris and Sherine Magar. [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. 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.. NNS Holding disclosed the passive stake in a regulatory filing Thursday. His most valuable asset is a nearly 6% stake in sportswear maker Adidas. Youngest son of Onsi Sawiris, an Egyptian businessman who founded Orascom conglomerate in 1950, Nassef now leads the reins. at Egypt. Mfonobong Nsehe looks at how Africa's billionaires give back. In January 2013, he became CEO OCI NV[9] when they acquired the former parent company OCI SAE. Nassef Sawiris net … [10] In 2015, he was elected a board member of LafargeHolcim,[11] having served on Lafarge SA's board since 2008. Egyptian billionaire Nassef Sawiris has reportedly set up a new private equity fund that aims to tap into buyout opportunities in his home country. He runs OCI, one of the world’s largest nitrogen fertilizer producers. The second richest is Nassef Sawiris of Egypt, whose largest asset is a nearly 6% stake in sportswear maker Adidas. He is Egyptian by natinoanliy. The Sawiris family is the richest family in Egypt. Exactly half of Africa’s billionaires got richer in the past year. Nigerians and South Africans dominate the top 10 spot on Forbes’ Africa billionaires list, which is an annual ranking of the richest Africans compiled and 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. [1] Sawiris is a member of Egypt's Coptic Christian minority. Nassef Sawiris, 58, belongs to a family of billionaires as he is the son of Onsi Sawiris and brother of Naguib Sawiris. The Sawiris family are the most famous and richest family in Egypt - but … Naguib Sawiris. Two new billionaires join the ranks of Africa’s richest, with 23 tycoons now hailing from 8 African countries. As of April 2019, his net worth was estimated to be $7.5 billion, and the fourth richest African in 2019, according to Forbes. Nassef’s brother Naguib Sawiris came in the sixth place with a net worth of $4bn, and came in second among the top six Egyptian billionaires included in … Onsi Sawiris is the father of Nassef Sawiris as well as an aged member of the Sawiris family –one of the richest Egyptian backgrounds. Sibling. Nassef Sawiris is an investor. Egyptian billionaire Nassef Sawiris and French entrepreneur Ian Gallienne are betting their blank-check company can stand out from a crowded market by focusing on European targets. Africa's 21 billionaires are worth a combined $70 billion. 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. 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.. (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. When Onsi Sawiris first founded a construction company. Nassef Sawiris was born into a wealthy family in Cairo, Egypt and is the youngest of three sons born to Yousiriyya and Onsi Sawiris in 1961. Today we look at [...]. Nassef Sawiris is Egypt’s richest man with a fortune Forbes estimates at $7.2 billion. Sawiris Family Yachts. The Sawiris family is the wealthiest in Egypt, running a conglomerate with global interests that stretch from mobile phones in North Korea a new hotel resort in Switzerland. With Onsi and his three sons Naguib, Samih and Nassef each being billionaires. 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. 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 real name is Nassef Onsi Sawiris. A University of Chicago graduate, he donated $24.1 million to the school in 2019 to aid Egyptian students and fund an executive education program. Nassef Sawiris teamed up with Fortress Investment Group's Wes Edens to purchase Aston Villa Football Club. Orascom He is one of the richest persons in Egypt. Nassef Sawiris Net Worth 2019 – $7.9 Nassef Onsi Nagib Sawiris is an eminent Egyptian business person. Other names that Nassef uses includes Nassef O Sawiris, Onsi Sawiris Nassef, Onsi N Sawiris, Naguib O Sawiris and Naguib Onsi Sawiris. But a corruption probe and court actions led to Africa’s longtime richest woman falling from the ranks. For example, Naquib’s brother Samih Sawiris is Chairman of Orascom Development. He was a … 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 … With plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. 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. This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Nassef Sawiris. His other brother, Samih Sawiris, is worth $850 million. All Rights Reserved. Family Members. Egyptian billionaire Nassef Sawiris has donated $6 million to the University of Chicago Booth School of Business to launch the first custom-designed Executive Education program in El Gouna, a modern resort town on Egypt’s Red Sea. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. In October 2015, it was reported that Sawiris had acquired a stake in Adidas AG via his investment company NNS Holding Sàrl Luxembourg. The continent outperformed the FORBES World Billionaires List, where only 46% of billionaires saw their fortunes increase in 2016. All Rights Reserved, Reflects change since 5 PM ET of prior trading day. [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. Naguib Sawiris is a scion of Egypt’s wealthiest family and has a net worth of $3.2bn. NNS Holding disclosed the passive stake in a regulatory filing Thursday. 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. Onsi Sawiris, Lana Sawiris and Naguib Sawiris, and many others are family members and associates of Nassef. Onsi Sawiris (born in 1930), now retired, is the patriarch of the family. 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 cash to make a purchase, is that they expect to make money. Nassef Sawiris has struck a deal for the takeover of Aston Villa last year. Meet the 15 African billionaires who lost the most money in 2015. [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. The pandemic hasn’t hurt most of the continent’s richest--in fact, they’re wealthier than a year ago. [12] In 2016 he was appointed as supervisory director of Adidas AG, Herzogenaurach, Germany,[13][14], It was announced in July 2018 that Sawiris would replace Tony Xia as chairman of Aston Villa F.C. Nassef Sawiris is an investor and a scion of Egypt's wealthiest family. The company also said that the lawsuit came as a challenge … With Onsi and his three sons Naguib, Samih and Nassef each being billionaires. [1][19] He is a Christian. Sawiris has bought a controlling stake in the troubled Championship club from the embattled Chinese owner. What do Richard Branson, Playboy and the owner of Aston Villa Football club have in common? The fortune of each is $1.1 billion and $2.9 billion, respectively. He is the founder of Orascom Construction Industries. Now the ambitious member of Egypt's wealthiest family will set about trying to … Reflects change since 5 PM ET of prior trading day Nassef Sawiris is an investor and a scion of Egypt's wealthiest family. He then continued at University of Chicago where he received a bachelor's degree in economics in 1982. He became CEO of Orascom Construction Industries following the company's incorporation in 1998. 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. 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