The World's Billionaires
#62 Naguib Sawiris
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Fortune: inherited and growing
Source: telecom
Net Worth: $10.0 bil
Country Of Citizenship: Egypt
Residence: Cairo , Egypt, middle east & Africa
Industry: communications
Marital Status: married, 4 children
Education: Swiss Federal Polytechnical Institute, Bachelor of Arts / Science
Swiss Federal Polytechnical Institute, Master of Science
Eldest son of Orascom-empire patriarch, Onsi Sawiris, solidified his reputation this year as one of the region's gutsiest businessmen. His new holding company, Weather Investments, owns Italian telecom company Wind and Greek telecom company TIM Hellas, as well as a controlling stake in Orascom Telecom. It is poised for a major public offering, if his highly leveraged foray into the European telecom market goes according to plan. With Emirati billionaire Majid Al Futtaim, recently launched a private equity fund focused on investments in Egypt. Loves to tango.
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