Egypt, Saudi Arabia discuss boosting investment, trade ties at FII9 in Riyadh    Egypt joins high-level talks in Riyadh to advance two-state solution for Palestine    Health Ministry outlines medical readiness for Grand Egyptian Museum opening 1 Nov.    QatarEnergy expands Egypt footprint with new offshore gas exploration partnership with Eni – ministry    Egypt screens 1.53m primary school students for anaemia, obesity, stunting —health ministry    Egypt, Eni sign deal to study biogas units using farm waste    Egyptian pound inches up against US dollar in early Tuesday trading    Ancient Egyptian crocodile discovery reshapes understanding of its evolution    Gaza ceasefire faces new strains amid stalled reconstruction talks    Madinaty Golf Club to host 104th Egyptian Open    Venezuelan market opens to Egyptian fresh pomegranates: Agriculture Minister    US builds up military presence near Venezuela, Maduro warns against 'crazy war'    Turkish court issues new arrest warrant for jailed Istanbul mayor on spying charges    Egypt becomes regional hub for health investment, innovation: Abdel Ghaffar    Egypt reiterates commitment to UN partnership, economic reforms in high-level meeting    LG Electronics Egypt expands local manufacturing, deepens integration of local components    Egypt's Port Said advances development projects, including historic lighthouse revival    Egypt's Sisi receives credentials of 23 new ambassadors    Egypt medics pull off complex rescue of Spanish tourist in Sneferu's Bent Pyramid    Egypt Open Junior and Ladies Golf Championship concludes    Health minister, Qena governor review progress on key healthcare projects in Upper Egypt    Treasures of the Pharaohs Exhibition in Rome draws 50,000 visitors in two days    Al-Sisi reviews final preparations for Grand Egyptian Museum opening    Egypt steps up oversight of medical supplies in North Sinai    Egypt to issue commemorative coins ahead of Grand Egyptian Museum opening    Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Syria releases preliminary results of first post-Assad parliament vote    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.



Forbes list Egypt's top 6 billionaires
Members of the Egyptian Sawiris and Mansour families are among the richest people in the world, according to Forbes
Published in Ahram Online on 05 - 03 - 2013

Six Egyptian businessmen rank amongst the world's richest people, according to the 2013 Forbes billionaire rankings.
The six own and run companies in the construction, automotive, communications and media sectors, and most have seen their fortunes grow despite the ongoing turmoil that the country is witnessing. They hail from just two families.
1. Nassef Sawiris: $6.5 billion net worth
Nassef Sawiris runs Orascom Construction Industries (OCI), Egypt's largest publicly-traded company. He ranks 182nd richest in the world and is the 4th richest man in Africa. His net worth increased by $1 billion since last year's Forbes ratings.
He was banned from travel on Sunday following charges that OCI had failed to pay taxes worth some LE14 billion (roughly $2 billion) on its sale to Lafarge. Nassef likes to keep a low profile and rarely appears in the media. Unlike his older brother Naguib, he prefers to keep his political opinions to himself.
2. Naguib Sawiris: $2.5 billion net worth
Aged 58, Naguib Sawiris runs Orascom Telecom Media and Technology (OTMT) and recently sold nearly all his shares in Russian telecom giant VimpelCom, which had acquired Sawiris's Orascom Telecom.
He ranks as 589th richest person worldwide, and the 9th richest in Africa. His net worth dropped by $0.6 billion since last year's Forbes ratings. At the wake of the Egyptian uprising in 2011, he got involved in politics, establishing the Free Egyptians Party and attracting criticism from his political foes.
3. Mohamed Mansour: $2.2 billion net worth
Mohamed Mansour owns the Mansour Group holding company, a leading automotive, retailer and banking company. Mansour owns supermarket chain Metro, which recently received an offer from Emirati billionaire Majid Al-Futtaim for up to $300 million.
He is the 670th richest man worldwide and the 10th richest in Africa. His net worth has dropped by $0.5 billion since last year's Forbes ratings. He served as minister of transportation under President Hosni Mubarak from 2005 to 2009, and resigned following a devastating train crash that left 30 dead.
4/5. Yassen Mansour and Onsi Sawiris: $2 billion net worth each
Yassen Mansour is a major shareholder of in giant real estate company Palm Hills Development and is currently its chairman. He was recently accused of misappropriating state land to the company, but was acquitted. He ranks 736th richest worldwide and is the 13th richest man in Africa.
His net worth surged by $0.4 billion since last year's ratings.
Onsi Sawiris is the founder of Orascom Construction Industries (OCI) which his son, Nassef, currently runs. OCI is the largest publicly-traded company in Egypt. He comes 736th in the Forbes global rankings and is the 11th richest person in Africa. His net worth dropped by $0.9 billion since last year's ratings.
6. Youssef Mansour: $1.95 billion net worth
Part-owner of Egyptian conglomerate Mansour Group, he was responsible for building Egypt's largest supermarket chain, Metro. He ranks 758th richest worldwide and is the 14th richest man in Africa. His net worth has increased by $0.45 billion since last year.
http://english.ahram.org.eg/News/66192.aspx


Clic here to read the story from its source.