Today we look at [...]. It would be easy to throw a dismissive barrage of polyester clichés her way, but to do so would be to miss the point. 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 owns the New York Knicks and Rangers.. NNS Holding disclosed the passive stake in a regulatory filing Thursday. [12] In 2016 he was appointed as supervisory director of Adidas AG, Herzogenaurach, Germany,[13][14], It was announced in July 2018 that Sawiris would replace Tony Xia as chairman of Aston Villa F.C. The fortune of each is $1.1 billion and $2.9 billion, respectively. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. As of April 2019, his net worth was estimated to be $7.5 billion, and the fourth richest African in 2019, according to Forbes. When Onsi Sawiris first founded a construction company. at Egypt. 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. This corporation is operational in several industries in Egypt, including tourism, telecommunications, construction, science & technology, etc. Nassef Sawiris, 58, belongs to a family of billionaires as he is the son of Onsi Sawiris and brother of Naguib Sawiris. On Friday, OCI Partners (OCIP)'s Director, Nassef Sawiris, made a $588,096 purchase of OCIP, [...], Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Orascom This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Nassef Sawiris. With Onsi and his three sons Naguib, Samih and Nassef each being billionaires. Nassef Sawiris Net Worth 2019 – $7.9 Nassef Onsi Nagib Sawiris is an eminent Egyptian business person. [2], Nassef Sawiris received his secondary education from the Deutsche Evangelische Oberschule Kairo. When Onsi Sawiris first founded a construction company. America’s richest man, Bill Gates is one of a group of international investors acquiring a stake in OCI NV, an Egyptian construction and fertilizer company and a wholly-owned subsidiary of Orascom Construction Industries, SAE (OCI) controlled by Egyptian billionaire Nassef Sawiris. Youngest son of Onsi Sawiris, an Egyptian businessman who founded Orascom conglomerate in 1950, Nassef now leads the reins. Nassef Sawiris is the administrator of Orascom Construction Industries but in spite of this, Onsi Sawiris still owns the quarter of the company. Unit price: $70,000,000 . In October 2015, it was reported that Sawiris had acquired a stake in Adidas AG via his investment company NNS Holding Sàrl Luxembourg. Orascom Construction Industries was split into two bodies in 2015 namely; OCI and Orascom Construction. 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. Two new billionaires join the ranks of Africa’s richest, with 23 tycoons now hailing from 8 African countries. As of April 2019, his net worth was estimated to be $7.5 billion,[1] and the fourth richest African in 2019, according to Forbes. With plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. The Egyptian billionaires listed are Nassef Sawiris, Mohamed Mansour, Naguib Sawiris, Yasseen Mansour, Youssef Mansour, and Mohamed al-Fayed.. Nassef Sawiris real name is Nassef Onsi Sawiris. 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.. His most valuable asset is a nearly 6% stake in sportswear maker Adidas. [1] Sawiris is a member of Egypt's Coptic Christian minority. Mfonobong Nsehe looks at how Africa's billionaires give back. The yacht’s owner is Naquib Sawiris. Sibling. They’ve all made big moves in the “blank check” market this week. [3], Since 1982, he has held senior positions with several organizations. He is Businessmen (Egyptian Businessman) by profession. Egyptian billionaire Nassef Sawiris has reportedly set up a new private equity fund that aims to tap into buyout opportunities in his home country. Richest Family in Egypt The Sawiris family is the richest family in Egypt. With Onsi and his three sons Naguib, Samih and Nassef each being billionaires. The Forbes Billionaires’ List: Africa’s Richest People 2021, Richard Branson Jumps In On Billionaire SPAC Gold Rush: Virgin Hopes To Raise $480 Million With NYSE Listing, Africa’s Richest People—And The Tycoon Who Lost Half His Fortune, Bachelor of Arts/Science, University of Chicago. All Rights Reserved. The Sawiris family (Coptic: ⲥⲉⲩⲏⲣⲟⲥ) is an Egyptian Coptic Christian family that owns the Orascom conglomerate, spanning telecommunications, construction, tourism, industries and technology. Onsi Sawiris is the father of Nassef Sawiris as well as an aged member of the Sawiris family –one of the richest Egyptian backgrounds. 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.