Forbes has released their annual list of the world’s richest Billionaires for 2013 and guess what the Middle East hasn’t done too shabby of a job if you ask us.
Six Egyptian Businessmen made it onto the list this year!
1. Nassef Sawiris: $6.5 billion net worth
Nassef Sawiris runs Orascom Construction Industries (OCI), Egypt’s largest publicly-traded company. He ranks 182th richest in the world and is the 4th richest man in Africa. His net worth increased by $1 billion since last year’s Forbes ratings. We can imagine he has some fantastic executive protection to ensure his massive estate and himself is protected.
2. Naguib Sawiris: $2.5 billion net worth
Naguib Sawiris runs Orascom Telecom Media and Technology (OTMT). He ranks as 589th richest person worldwide, and the 9th richest in Africa. His net worth dropped by $0.6 billion since last year’s Forbes ratings.
3. Mohamed Mansour: $2.2 billion net worth
Mohamed Mansour owns the Mansour Group holding company, a leading automotive, retailer and banking company. Mansour owns supermarket chain Metro, which recently received an offer from Emirati billionaire Majid Al-Futtaim for up to $300 million.
He is the 670th richest man worldwide and the 10th richest in Africa. His net worth has dropped by $0.5 billion since last year’s Forbes ratings.
4/5. Yaseen Mansour and Onsi Sawiris: $2 billion net worth each
Yaseen Mansour is a major shareholder of in giant real estate company Palm Hills Development and is currently its chairman. He was recently accused of misappropriating state land to the company, but was acquitted. He ranks 736th richest worldwide and is the 13th richest man in Africa.
His net worth surged by $0.4 billion since last year’s ratings.
Onsi Sawiris is the founder of Orascom Construction Industries (OCI) which his son, Nassef, currently runs. OCI is the largest publicly-traded company in Egypt. He comes 736th in the Forbes global rankings and is the 11th richest person in Africa. His net worth dropped by $0.9 billion since last year’s ratings.
6. Youssef Mansour: $1.95 billion net worth
Part-owner of Egyptian conglomerate Mansour Group, he was responsible for building Egypt’s largest supermarket chain, Metro. H ranks 758th richest worldwide and is the 14th richest man in Africa. His net worth has increased by $0.45 billion since last year.
We Said This: It’s pretty sad that either most of these people are banned from traveling, are in jail, or outside of the country with no eminent return!