Orascom Construction Industries was split into two bodies in 2015 namely; OCI and Orascom Construction. 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. Unit price: $70,000,000 . 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. 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. The pandemic hasn’t hurt most of the continent’s richest--in fact, they’re wealthier than a year ago. 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. All Rights Reserved. [7] to June 2010 [8]. Onsi Sawiris (born in 1930), now retired, is the patriarch of the family. Naguib Sawiris is a scion of Egypt’s wealthiest family and has a net worth of $3.2bn. 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 Nassef Sawiris, 58, belongs to a family of billionaires as he is the son of Onsi Sawiris and brother of Naguib Sawiris. Nassef Sawiris represents Egypt’s wealthiest family just like his brother Naguib. 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. 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. Exactly half of Africa’s billionaires got richer in the past year. The Sawiris family (Coptic: ⲥⲉⲩⲏⲣⲟⲥ) is an Egyptian Coptic Christian family that owns the Orascom conglomerate, spanning telecommunications, construction, tourism, industries and technology. 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.. Forbes list reports that his brother Nassef is also a billionaire. Onsi Sawiris, Lana Sawiris and Naguib Sawiris, and many others are family members and associates of Nassef. © 2021 Forbes Media LLC. [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. Nassef Sawiris real name is Nassef Onsi Sawiris. In December 2020, he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of the NBA Knicks and the NHL Rangers teams. His brother Naguib is also well-known as a billionaire. 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. The Sawiris family has been active in the construction industry since 1950. 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 … 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. Nassef Sawiris has struck a deal for the takeover of Aston Villa last year. Mfonobong Nsehe looks at how Africa's billionaires give back. Two new billionaires join the ranks of Africa’s richest, with 23 tycoons now hailing from 8 African countries. This corporation is operational in several industries in Egypt, including tourism, telecommunications, construction, science & technology, etc. Family Members. And he … He runs OCI, one of the world’s largest nitrogen fertilizer producers. In 2008, Forbes estimated the family's net worth at $36 billion. The Sawiris family has been active in the construction industry since 1950. The yacht’s owner is Naquib Sawiris. Nassef Sawiris net … Why One Tycoon’s Fortune Fell 50% And Another’s Nearly Tripled In A Volatile Year For Some On The Continent. He was a … Nassef Sawiris Net Worth 2019 – $7.9 Nassef Onsi Nagib Sawiris is an eminent Egyptian business person. 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? 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 … 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. 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. Now the ambitious member of Egypt's wealthiest family will set about trying to … But is it possible that she is owned by one of the other Sawiris family members. He then continued at University of Chicago where he received a bachelor's degree in economics in 1982. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. Africa's 21 billionaires are worth a combined $70 billion. Nassef Sawiris is an investor. When Onsi Sawiris first founded a construction company. The second richest is Nassef Sawiris of Egypt, whose largest asset is a nearly 6% stake in sportswear maker Adidas. Reflects change since 5 PM ET of prior trading day Nassef Sawiris is an investor and a scion of Egypt's wealthiest family. The Sawiris family are the most famous and richest family in Egypt - but … His most valuable asset is a nearly 6 % stake in sportswear maker.! 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