#738
Naguib Sawiris
Egypt 72 years old
Overview
- Source of Wealth
- Telecom
- Industry
- Telecom
- Residence
- Cairo
- Education
- Swiss Federal Polytechnical Institute (Bachelor of Arts/Science)Swiss Federal Polytechnical Institute (Master of Science)
- Marital Status
- Married
- Children
- 4
Assets
- Orascom Construction13,776,000 shares @ --ORAS-AE
Biography
Naguib Sawiris is a scion of Egypt's wealthiest family. His brothers Nassef and Samih are also billionaires.
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 TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others.
He also developed a luxury resort called Silversands on the Caribbean island of Grenada.
About
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.