Egypt calls for inclusive Nile Basin dialogue, warns against 'hostile rhetoric'    GAFI launches guideline for cash investment Incentive to support industrial projects    Egypt launches initiative to transform petroleum waste into value-added resources    Egypt, Qatar press for full implementation of Gaza ceasefire    Egypt, China's CMEC sign MoU to study waste-to-energy project in Qalyubia    Gold prices in Egypt on Sunday, 07 Dec., 2025    Egypt plans new policies to drive private sector growth in tourism, energy, health    URGENT: Egypt's net FX reserves surge to $50.216 bln in November – CBE    Egypt's pound inches up against dollar in early Sunday trade    Egypt joins Japan-backed UHC Knowledge Hub to advance national health reforms    Egypt launches 32nd International Quran Competition with participants from over 70 countries    Al-Sisi reviews expansion of Japanese school model in Egypt    Egypt launches National Health Compact to expand access to quality care    Netanyahu's pick for Mossad chief sparks resignation threats over lack of experience    US warns NATO allies against 'bullying' American defence firms amid protectionism row    Egypt declares Red Sea's Great Coral Reef a new marine protected area    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt has most billionaires in Africa: Forbes report
Inaugural list of Africa's 40 richest people features 7 Egyptians, the majority of them members of the Sawiris or Mansour families
Ahram Online Published in Ahram Online on 18 - 11 - 2011

Egypt has the largest number of billionaires in Africa, according to a new wealth report by Forbes magazine, with the majority belonging to just two families.
The list of Africa's 40 richest people published by Forbes shows seven billionaires have Egyptian citizenship -- the most of any single country on the continent. Most are members of either the Sawiris or Mansour dynasties.
The 40 wealthy figures on the list have a combined net-worth of US$649 billion.
Richest man in Africa is Aliko Dangote, Nigerian owner of the Dangote Group, with an estimated fortune of $10.1 billion.
In third place is Nassef Sawiris, head of Orascom Construction Industries, Egypt's largest-listed company, with a net-worth of $4.75 billion.
At number seven is his brother Naguib Sawiris, the founder of Orascom Telecom and perhaps the best-known businessman in Egypt, with a fortune of $2.9 billion.
Onsi Sawiris, father of Naguib and Nassef, and founder of the Orascom conglomerate, is ranked ninth thanks to estimated wealth of $2.6 billion.
Named 13th richest is Mohamed Mansour, one of three brothers involved in the Mansour Group whose holdings include General Motors and Caterpillar distribution deals, Egypt's largest supermarket chain and real estate developer Palm Hills Developments. His net-worth is placed at $1.7 billion.
His brothers Yasseen and Youssef Manour are in 14th and 15th places, each valued at $1.55 billion.
Mohamed Al Fayed, who lives in Britain but does not hold citizenship there, is ranked 16th, with his hotel and retail interests contributing to an estimated fortune of $1.3 billion.
In 19th place is Shafik Gabr, managing director of the ARTOC Group, a real estate-engineering-consumer products-media conglomerate, with a net-worth of $730 million.
Forbes said the list was calculated by using stock prices and exchange rates as of 2 November 2011.

Clic here to read the story from its source.