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Prospects for Egypt’s Wealthiest Person in 2023: Sawiris Falters as Mansour Builds Success

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There are 6 Egyptians on the Forbes list of the richest people in the world, 5 of which are from the Saviri and Mansour families, as the list for 2023 is headed by Egyptian businessman Nassef Sawiris in relation to rich Egyptians.

Nassef Sawiris, 62, ranked first on the list of the richest people in Egypt (305th in the world) with a net worth of $7.4 billion, as his fortune decreased by $300 million compared to the previous year.

Along with Orascom Construction, Nassef owns approximately 6% of the sportswear company Adidas and 5% of the New York-listed company (Madison Square Garden Sports), which owns the (NBA Knicks) and (NHL Rangers) teams. ).

Nassef runs OCI, one of the world’s largest producers of nitrogen fertilizers, with plants in Texas and Iowa, and is listed on Euronext Amsterdam.

In second place (787 in the world) is businessman Mohamed Mansour (75), a former minister who oversees the Mansour Group, founded by his father Lotfi Mansour in 1952, and his fortune has grown from $2.5 billion to $3.6 billion. dollars, surpassing the brother of Naguib Sawiris, Sr., Nassef Sawiris.

Mansour founded the General Motors Egypt office in 1975, becoming one of the largest distributors of its vehicles in the world. The group also has exclusive rights to distribute Caterpillar equipment in Egypt and 7 other African countries.

As for Naguib Sawiris (68), Nassef’s older brother, he ranked third (878 in the world) among the richest people in Egypt with a net worth of $3.3 billion in 2023, down $100 million from last year. year, according to the list. .

Najib chairs the board of directors of investment holding Orascom and Internet company Italiaonline, owns an 88% controlling stake in Euronews, and built a luxury resort called Silversands on the island of Grenada.

And in fourth place (1516 worldwide) on the list is Mohamed Al-Fayed (94) with a fortune of $2.1 billion, after his fortune increased by $300 million compared to last year.

Born in Alexandria, Mohamed Al-Fayed moved to the UK in the mid-1960s where he made his fortune. He owns a hotel (Ritz Paris) which reopened in 2016, and in 2013 Al-Fayed sold English club Fulham. billionaire Shahid Khan, with an estimated net worth of $300 million.

And in fifth place (1905 in the world) came Yussef Mansur, the elder brother of Muhammad and Yasin Mansur, with a fortune estimated at $ 1.5 billion, without an increase or decrease from the last world.

Finally, in sixth place (2133 in the world), Yassin Mansour, the younger brother of Mohammed and Yousef Mansour, took a fortune estimated at about $1.3 billion, up $200 million from last year, since the Mansour family’s fortune was not affected. . year, and they retained their gains from last year.

Source: Forbes

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