Forbes: Richest Men in Egypt (2024)

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 richest men in Egypt; 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 2024 Forbes ranking, Nassef Onsi Sawiris is the richest person in Egypt. He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa. He is currently worth an estimated $8.8 billion.

Richest man in Egypt 2022

Top 5 Richest Men in Egypt, their Age, Business and Net Worth (2024)

1. Nassef Sawiris

Net Worth: $8.8 billion
Country: Egypt
Source of Wealth: construction, chemicals
Age: 63

Nassef Sawiris is the Richest Person in Egypt 2021

Nassef Onsi Sawiris is a billionaire businessman and the youngest of Onsi Sawiris’ three sons. As of September 2023, his net worth was estimated to be $7.1 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. Naguib Sawiris

Net Worth: $3.8 Billion
Country: Egypt
Source of Wealth: Telecom
Age: 69

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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 March 2024, Forbes estimated his wealth at $3.8 billion.

3. Mohamed Mansour

Net Worth: $3.2 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 76

Mohamed is The third Richest Man in Egypt 2021

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 March 2024, Forbes estimated his wealth at $3.2 billion, making him the third richest man in Egypt.

4. Youssef Mansour

Net Worth: $1.3 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 78

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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 4th wealthiest man in Egypt, and the 15th wealthiest man in Africa, with a fortune of US$1.3 billion.

5. Yasseen Mansour

Net Worth: $1.2 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 62

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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 in 2024, with a fortune of US1.2 billion. He is also among the youngest billionaires in Africa.


Top 5 Richest Men in Egypt 2024

Rank Name Country Net Worth
1 Nassef Sawiris Egypt $8.8 Billion
2 Naguib Onsi Sawiris Egypt $3.8 Billion
3 Mohamed Mansour Egypt $3.2 Billion
4 Youssef Mansour Egypt $1.3 Billion
5 Yasseen Mansour Egypt $1.2 Billion

 

Uzonna Anele
Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

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