Egypt is home to a number of wealthy individuals, including business leaders, entrepreneurs, and investors. Some of the wealthiest men in Egypt include Naguib Sawiris, who is the chairman and CEO of Orascom Telecom Media and Technology Holding SAE and one of the wealthiest men in Africa; Nassef Sawiris, a businessman, and owner of one of the world’s largest nitrogen fertilizer producers. These individuals have built their fortunes through a variety of industries, including telecommunications, steel production, and real estate.
According to 2023 Forbes ranking, Nassef Onsi Sawiris is the richest person in Egypt.
Nassef Onsi Sawiris runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa. He is currently worth an estimated $7.5 billion.
Acording to forbes there are 7 billionaires in Egypt. Altogether they are worth $18.6 billion, slightly more than the billion aggregate worth of the billionaires they had on last year’s list of Egypt’s richest people.
Top 7 Richest Men in Egypt, their Age, Business and Net Worth (2023)
1. Nassef Sawiris
Net Worth: $6.7 billion
Country: Egypt
Source of Wealth: construction, chemicals
Age: 61
Nassef Onsi Sawiris is a billionaire businessman and the youngest of Onsi Sawiris’ three sons. As of January 2023, his net worth was estimated to be $7.5 billion, making him the richest man in Egypt and the fourth richest man in Africa, according to Forbes.
Nassef runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange.
His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas.
Sawiris’ most valuable asset is a 5.7% stake in shoemaker Adidas which is worth a bit more than $4 billion.
He is also the chairman of Aston Villa F.C.
2. Mohamed Mansour
Net Worth: $3.6 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 74
Mohamed Mansour is a businessman and former politician. and the second richest man in Egypt.
He was born into one of the most prominent business families in Alexandria. The family business, Mansour Group, controls nine of Egypt’s top Fortune 500 companies.
Mohamed Mansour is currently the chairman of Mansour Group, a US$6 billion conglomerate – that is the second largest company in Egypt by revenue.
In June 2023, Forbes estimated his wealth at $3.6 billion.
3. Naguib Sawiris
Net Worth: $3.3 Billion
Country: Egypt
Source of Wealth: Telecom
Age: 67
Naguib Onsi Sawiris is a billionaire businessman and the second richest man in Egypt. He is the chairman of Weather Investments’s parent company, and Orascom Telecom Media and Technology Holding S.A.E which has stakes in a major asset manager in Egypt and an Italian internet company, among others.
He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction.
He is also the chairman of La Mancha Resources Inc the company has stakes in Evolution Mining, Endeavour Mining and Golden Star Resources, which operate gold mines in Africa and Australia. The Company also holds interest in properties located in Africa, Western Australia, and South America.
Sawiris also owns a luxury resort called Silversands in Grenada.
In June 2023, Forbes estimated his wealth at $3.3 billion.
4. Mohamed Al Fayed
Net Worth: $2 Billion
Country: Egypt
Source of Wealth: retail, investments
Age: 93
Mohamed Al-Fayed is businessman whose residence and chief business interests have been in the United Kingdom since the late 1960s. He’s best known for being the one-time owner of London department store Harrod’s, which he sold to Qatar for a reported $2.4 billion in 2010. He also owns the storied Ritz Paris hotel in France.
5. Youssef Mansour
Net Worth: $1.5 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 76
Youssef Mansour is a billionaire businessman and part owner of the Mansour Group. There he oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for L’Oreal in Egypt.
Youssef Mansour is the 5th wealthiest man in Egypt, and the 15th wealthiest man in Africa, with a fortune of US$1.5 billion.
6. Yasseen Mansour
Net Worth: $1.3 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 60
Yasseen Mansour is a businessman, and a shareholder in his family-owned conglomerate Mansour Group, which was founded by his father Loutfy in 1952.
He is also chairman of Palm Hills Developments, a Mansour Group company, and one of Egypt’s largest real estate developers.
Forbes “Africa’s Rich List 2021” ranked Yasseen as the 18th wealthiest man in Africa for 2022, with a fortune of US1.1 billion. He is also among the youngest billionaires in Africa.
7. Samih Sawiris
Net Worth: $1 Billion
Country: Egypt
Source of Wealth: real estate, hotels
Age: 65
Samih Onsi Sawiris is an Egyptian-Montenegrin businessman and billionaire and the second of three sons of Onsi Sawiris, the other two being Naguib Sawiris and Nassef Sawiris. He is the former executive chairman of the board of directors and CEO of Orascom Development Holding AG.
Top 7 Richest Men in Egypt 2023
| Rank | Name | Country | Net Worth |
|---|---|---|---|
| 1 | Nassef Sawiris | Egypt | $6.7 Billion |
| 2 | Mohamed Mansour | Egypt | $3.6 Billion |
| 3 | Naguib Onsi Sawiris | Egypt | $3.3 Billion |
| 4 | Mohamed Al-Fayed | Egypt | $2 Billion |
| 5 | Youssef Mansour | Egypt | $1.5 Billion |
