Meet Egypt’s Billionaire Titans: Unveiling Their Multibillion-Dollar Empires
If you had billions of dollars, what would you do with that money? That is the million-dollar question that a lot of us must have heard at least once in our lives.
When it comes to Egyptian billionaires, the question becomes all the more real. Join us as we dive into the exclusive world of super-wealthy Egyptian elites and explore their billion-dollar empires of sprawling properties and businesses:
Nassef Sawiris
The wealthiest man in Egypt and the 277th wealthiest billionaire in the world with a rising net worth of $8.5 billion is Nassef Sawiris. Known as an investor and a scion of Egypt’s wealthiest family, his portfolio of properties and businesses is exceptional.
Sports
When it comes to investments, you’ll find that Nassef Sawiris has an avid love for putting his money into sports-related brands, ventures, and the like. Not only does he own Premier League’s Aston Villa Football Club, but he also has a 6% stake in Adidas and a 5% stake in New York-listed firm Madison Square Garden Sports.
Engineering & Chemicals
He’s currently the chairman of Orascom Construction (OC), the leading global engineering and construction contractor, and he runs the OCI, which is one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa.
Naguib Sawiris
The beloved Naguib Sawiris is known as one of the wealthiest businessmen in Egypt. Along with his brother, he’s also a scion of Egypt’s wealthiest family.
Throughout his life, he managed to build a fortune in telecom, and in 2011, he sold Orascom Telecom in a multibillion-dollar transaction. He also has an impressive portfolio of businesses and properties.
Hospitality
Naguib Sawiris always had a love for travel, entertainment, and hospitality, especially with him being the founder of El Gouna Film Festival. Tapping into his passion, he also developed a luxury resort called Silversands on the Caribbean island of Grenada.
Mining
His investments are so diverse that he even owns stakes in gold mines through his closely held company, La Mancha Resources.
Mohamed Mansour
Back in 1952, Loutfy Mansour founded the global family-owned conglomerate Mansour Group that’s today overseen by Loufty’s son, Egyptian billionaire businessman Mohamed Mansour.
With an impressive net worth of $3.3 billion dollars, he’s one of the few Egyptian businessmen who owns major stakes in global properties and businesses.
Sports
The British-Egyptian entrepreneur currently jointly owns the American soccer team San Diego’s MLS club through his family-owned private investment firm Man Capital. His firm also owns Right to Dream, a purpose-driven sports organization that operates soccer academies, schools, and professional teams in Denmark, Ghana, and Egypt.
Youssef Mansour
He’s one of the trio of brothers currently overseeing the multinational Mansour Group, meet Egyptian businessman and billionaire Youssef Mansour.
He leads the consumer goods division of Mansour Group, meaning that he oversees notable entities like the Metro supermarket chain, and he has exclusive distribution rights for L’Oreal in Egypt. As with all the billionaires on this list, he, too, has his own portfolio of investments.
Real Estate
The billionaire currently owns a minority stake in Cairo-based real estate firm Palm Hills Development, which contributed to a peak in his net worth when he gained $200 million dollars in 3 days last year.
Uncovering the assets owned by Egypt’s billionaires unlocks a window into their empires and paints an overall picture of their business minds and prowess.
