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Sawiris—the oldest son of construction mogul Onsi Sawiris—built his fortunes as the chairman and CEO of Orascom Telecom. Naguib Sawiris is a self-confessed fighter, "righteous and defiant", who's not afraid of risk. Aliko Dangote $12.1B 63 year old. The eldest son, Naguib Sawiris, is arguably the most successful with an estimated fortune of $10 billion. He also bought Italy’s Wind Telecomunicazioni before merging it, along with a number of his telecom assets, with Veon Ltd. in 2011. Naguib Sawiris . NASSEF SAWIRIS. Sawiris holds a diploma of Mechanical Engineering with a Masters in Technical Administration from the Swiss Federal Institute of Technology Zurich (ETH Zürich) and a Diploma from the … FOREX TRADING MADE SIMPLE. Nicky Oppenheimer $8B 75 year old. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. According to Bloomberg, he has a 6% stake in Adidas. He's also made high-profile deals in Greece and Italy, and was recently reported to be interested in moving into the French telecoms industry. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. The eldest son, Naguib Sawiris, is arguably the most successful with an estimated fortune of $10 billion. YOU MAY ALSO LIKE: Six ways to improve sex-starved marriages. In fact, I've followed you for the last four or five years, and I look at markets in Asia like Vietnam and Cambodia, and they seem to have the traits of Orascom. This corporation is operational in several industries in Egypt, including tourism, telecommunications, construction, science & technology, etc. We felt we were not moving with the 21st century and after the sale of India it became less attractive. You have your five core markets and are selling assets in sub-Saharan Africa. (JD): In fact are you looking at a partner in that market already as a result of the growth? We believe that they are market which is untapped. The group now owns and operates over 18 subsidiaries, operating in ten African countries. He’s chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. AS AN EXPERT, WE HELP YOU TRADE YOUR FOREX, BINARY and BITCOIN ACCOUNTS FOR 25% WEEKLY PROFIT. Source of wealth: Son of billionaire Onsi Sawiris, Nassef is known for being the richest man in Egypt, best known for owning a 30% stake in the fertilizing producer OCI. Could you see a case where you pick up a large European customer or partner in the future, and you take a stake in that group, and it gives you much bigger global clout? So, as you correctly said, at a certain time and point we will be looking at who should be our partner to grow further. Naguib Onsi Sawiris is an Egyptian billionaire and a businessman, Chairman of Weather Investments, Orascom Telecom Media and Technology Holding S.A.E. The list of Africa’s billionaires is an annual ranking by documented net worth of the wealthiest billionaires in Africa, compiled and published by the American business magazine, Forbes. His brother Nassef is also a billionaire. Rabiu, who is the son of a businessman, inherited land from his father. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews. But Naguib Sawiris, 56, isn't sweating it, even if he is the second richest Egyptian in Forbes magazine's list of global billionaires. In brief: The eldest son of Egyptian billionaire Onsi Sawiris, Naguib runs Orascom's telecom division and has expanded it into unpredictable but lucrative wireless markets such as … And by the way, we have actually 90 million subscribers if I add Italy and Greece. Sawiris was on the board of directors of the Cairo and Alexandria Stock Exchanges from 2004 to 2007, and was also a board director at the Dubai International Financial Exchange from July 2008 to June 2010. Naguib Sawiris is a scion of Egypt’s wealthiest family and has a net worth of $3.2bn. NAGUIB SAWIRIS. google_ad_width = 300; Sawiris Family Yachts. (NS): Well, I actually introduced him to that country, as I am already negotiating in the mobile license. (JD): Let's talk about some of the other 'BRIC' countries -- Brazil, Russia, India and China -- specifically China. (JD): When one thinks of a partner for you they think of the major telecom operators like Vodafone or France Telecom. MME's John Defterios spoke to Naguib Sawiris and asked him whether Orascom Telecom's recent divestments -- of its Iraqi mobile company Iraqna, and a stake in Hutchinson Telecommunications -- were a prelude to the sale of the entire group. 5. Age: 59. E-mail to a friend, MME speaks with Egyptian billionaire & businessman Naguib Sawiris, Head of Orascom Telecom, part of Sawiris family's Orascom conglomerate, Orascom Telecom has a $2 billion "war chest", looking for acquisitions, Sawiris tells MME: "My ambition is to become one of the major players". But frankly speaking, between you and me, I prefer to be the acquirer than to be acquired. With $4.8bn, he is the seventh richest man in Africa, Forbes list states. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm, VimpelCom … We can't really disclose our plans now as you know all our neighbors here are full of cash, driving prices up so we will volunteer by giving them our targets. Fourth on the list of the richest men in the African continent is Johann Rupert from South Africa. So we're trying to find a way to get into China, and we think we've found a way. He is revered for transforming South African newspaper publisher Naspers into an ecommerce investor and cable TV powerhouse. The 60-year old’s largest asset is a nearly six per cent stake in sportswear maker, Adidas. While brothers Nassef and Samih took over the construction and development arms of Orascom, collectively, Naguib founded and developed first the railways and subsequently the IT and telecoms side of the business. He joined the Orascom group in 1982 and oversaw the construction activities of Orascom Construction, following the transfer of management control from his father, Onsi Sawiris, in 1995. The eldest son of Onsi Sawiris, the man who founded the Orascom family business, he has certainly inherited his father’s entrepreneurial spirit. (NS): One was sold because of my risk assessment of Iraq, and I don't think putting an extra $1.25 billion in Iraq is a sensible thing to do just to stay in there. (JD): In fact, you changed your strategy as a result. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding co. based in Luxembourg. People who know us know that I am very different from my younger brother, so most probably if I ever do a deal like that, I would like more than 11 percent for sure, and I would like to have a say in the company. READ ALSO: I failed class test in America for disagreeing that Africans lived on trees – Funke Aboyade, SAN. The group moved into manufacturing in the 1990s, starting with textiles, moving onto flour milling, salt processing, and sugar refining by the end of the decade. Does Orascom need to have a strategy for that very large market? Sawiris, the youngest of Onsi Sawiris sons ― Naguib and Samih ― moved up from the fourth spot in 2019 to the second spot in 2021 with a 13.3 per cent increase in his wealth. Is that an option? Eldest son Naguib, … (NS): I just said they have six players already. Even as a kid, he played marbles. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. Have your say. Naguib Sawiris is a scion of Egypt's wealthiest family. 7. (JD): Indeed, but does it make it more difficult now that competitors have more cash and are willing to spend? 4. He set up his own business in 1988 importing iron, steel and chemicals. His holdings include stakes in cement giant, Lafarge Holcim, and Adidas; he sits on the supervisory board of Adidas. We can't go in there and go and compete against Reliance, it's just too late. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade. Sawiris is an investor and a scion of Egypt’s wealthiest family. /* Punch_Sidebar_Articlepages300x250 */ The Sawiris family (Coptic: ⲥⲉⲩⲏⲣⲟⲥ) is an Egyptian Coptic family that owns the Orascom conglomerate, spanning telecommunications, construction, tourism, industries and technology. Mohamed Mansour $2.5billion 12. With a net worth of $2.5bn (in 2011 it was $2.9 billion), Naguib Sawiris, the eldest son of Egyptian billionaire Onsi Sawiris, built … He became a billionaire in 2008 – the first black African on the Forbes list. I think next quarter or two will see some movement from our side. While brothers Nassef and Samih took over the construction and development arms of Orascom, collectively, Naguib founded and developed first the railways and subsequently the IT and telecoms side of the business. He is the son of Onsi Sawiris who established the Orascom Group. 3. (NS): Yes of course, it drives the prices higher and you've seen the recent licenses in Egypt go for $3 billion, in Saudi Arabia $6 billion. He is regarded as one of the first contemporary writers of Arabic literature, along with Taha Hussein, to explore themes of existentialism. In late January, Naguib Sawiris, founder of Egypt’s Orascom Telecom Holding, was flying in his private jet to Paris to meet his father, who was … Naguib Sawiris $3.2 billion 9. The son of Onsi Sawiris, who founded a construction company, Naguib Sawiris was an entrepreneur from a young age, he said. Nassef Sawiris Sawiris, the youngest of Onsi Sawiris sons ― Naguib and Samih ― moved up from the fourth spot in 2019 to the second spot in … According to Forbes list, Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. So we're seeing prices going up and we will not imitate that, if I may say. (JD): In fact your brother Nassef has gone into North Korea with a quite sizeable investment; this is a market that's not really tapped to date but a play for the future. He is known for asking Greece or Italy to sell him an island, on which he would create a state for all refugees. His other brother, Samih Sawiris, is worth $850 million. But is it possible that she is owned by one of the other Sawiris family members. He is the chairman of Swiss luxury goods firm Compagnie Financiere Richemont. He became CEO of Orascom Construction Industries following the company’s incorporation in 1998 and served on the board of Besix, following OCI SAE acquiring a 50 per cent stake in the company in 2004, and a member of the enumeration and nominations committee until 2017. Naguib Sawiris, an Egyptian entrepreneur who has a net worth of at least $3 billion, wants to use much of his money to buy an island that will help Syrian refugees find a new home. He built a fortune in telecom, selling Orascom Telecom … The eldest son of Onsi Sawiris, the man who founded the Orascom family business, he has certainly inherited his father’s entrepreneurial spirit. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. He also bought Italy’s Wind Telecomunicazioni before merging it, along with a number of his telecom assets, with Veon Ltd. in 2011. Naguib Sawiris is a scion of Egypt’s wealthiest family. Egyptian billionaire Sawiris led the growth of the country’s phone company Orascom, which culminated in a merger with Italy’s Wind Telecom and VimpelCom in … Nassef Sawiris, 58, belongs to a family of billionaires as he is the son of Onsi Sawiris and brother of Naguib Sawiris. A father and his three sons have made their way to being listed among Egypt’s and Africa’s ten richest men. Email us at mme@cnn.com, or send an i-report. It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for 3 years. Naguib Sawiris tells MME in 2008 Orascom Telecom is likely to become the first mobile operator in North Korea. The fortune of each is $1.1 billion and $2.9 billion, respectively. Several sources link the yacht to Naguib Sawiris. Industry: Industrial . His brother Nassef is also a billionaire. Latest: Sword kills strange monsters Ziddi What are your thoughts on India? Nassef Sawiris of Egypt is the second richest person in Africa with a net worth of $8.5bn. All three sons have followed in the footsteps of their father, the founding patriarch of the Orascom Group, Onis Sawiris. (NS): Well, I think that everybody's recognized that we're building up a war chest, and it's more than $2 billion. But frankly, private equity will not match my ambitions. I will never exit, I do not need the money, my family, and we don't really need just the money. Ghada Sawiris was there at the beginning, long before Naguib became a larger-than-life icon of wealth and business wisdom. The Sawiris brothers are completely different, each brother is very different. 70 million is just Orascom Telecom. He led Naspers to invest in Chinese Internet and media firm Tencent in 2001 — by far the most profitable of the bets he made on companies elsewhere. Net worth: $5.6 billion . And he owns the Yalla Horse Stables. Koos Bekker $2.8 billion 11. Nigerians and South Africans dominate the top 10 spot on Forbes’ Africa billionaires list, which is an annual ranking of the richest Africans compiled and The 60-year old’s largest asset is a nearly six per cent stake in sportswear maker, Adidas. They don't even have enough fixed lines, so imagine if you are the first mobile operator. His brother Nassef is also a billionaire. FUNSHO AROGUNDADE Nigerian billionaire entrepreneurs —Aliko Dangote, Mike Adenuga and Abdul Samad Rabiu— appear in the top spots of recently released Forbes’ Africa billionaires list. Egyptian businessman Nassef Sawiris did that and more. Onsi Sawiris (born in 1930), now retired, is the patriarch of the family. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. In 1997, he bought low-producing gold mine shafts and later turned them profitable. He built his fortune in telecoms and oil production. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. I think the potential's there to go and directly acquire a Greenfield in India. It's not what we would hope to have, but I think it might be, we might have found a way to get in. Mike Adenuga is the fifth richest man in Africa and the second richest man in Nigeria with his net worth valued at $6.3bn. How do your change your strategy to respond to this capital? Location: Egypt . These are all things which will decorate the company, but which will not create value. Youngest son of Onsi Sawiris, an Egyptian businessman who founded Orascom conglomerate in 1950, Nassef now leads the reins. They seem to be peace-loving, and they see that dismantling their nuclear things is a positive thing and should be greeted by us and by everybody. His brothers are Nassef Sawiris and Samih Sawiris.He is the son of Onsi Sawiris who established the Orascom Group.. Education. (CNN) -- Deal-making clearly runs in the Sawiris family. 2. Born on the 17th of June 1954, he is the son of Onsi […] John Defterios (JD): You have some two billion dollars more money in the coffers right now, what is the best way to redeploy those assets in your opinion as you see today? It is a fact now that telecom operations are becoming scarce and you can't really grow any bigger unless you really join someone, so we are leaving all the options open you know. His brothers are Nassef Sawiris and Samih Sawiris. Skip to content. It would be easy to throw a dismissive barrage of polyester clichés her way, but to do so would be to miss the point. I think what we trying to find now is a target we can acquire without a price war and destroying shareholder's values. We're seeing some acquisitions from regional players, which don't make sense in our opinion, for very high prices, even in India it's considered to be on the high side at $19 billion. Sawiris is an investor and a scion of Egypt’s wealthiest family. He founded and chairs Dangote Cement, the continent’s largest cement producer, and owns 85 per cent of publicly-traded shares of the cement company through a holding company ― Dangote Group. His real time net worth is $7.4B. (NS): I think in India we go back indirectly through someone who is already there, but we don't believe in any new entries there or anywhere else in the world. (NS): I think with the current debt situation, private equity has a lower voice today, but we are always looking to private equity for a smaller stake. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. Dangote Group, which employs more than 30,000 people annually, was founded in 1981 as a trading enterprise, importing sugar, cement, rice, fisheries, and other consumer goods for distribution in Nigeria. 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. His mobile empire included the Italian firm Wind Telecomunicazioni S.p.A. (known in Canada as Wind Mobile), as well as the Egyptian mobile phone company, Mobinil. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights with its fleet of 3 planes and 2 helicopters. At an estimated worth of $2.5 billion, Sawiris is topped only by his father Onsi, who is worth $3.1 billion. For example, Naquib’s brother Samih Sawiris is Chairman of Orascom Development. According to Forbes, he made his first million at age 26 selling lace and distributing soft drinks. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. • Chairman & CEO of Orascom Telecom, heads Weather Investments holding company, • Orascom Telecom operates in seven countries in the Middle East, Africa and the Indian Subcontinent, • Orascom is market leader in Egypt, Algeria, Pakistan, •Orascom Telecom has 90 million subscribers, including customers in Greece & Italy, • Orascom recently sold Iraqna in Iraq; 14 percent stake in Hutchison Telecommunications. Naguib Sawiris is the eldest of three brothers. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. google_ad_client = "ca-pub-5689805440782123"; But we will see what time will bring. Dangote Refinery has been under construction since 2016 and is expected to be one of the world’s largest oil refineries once complete. We have seen some positive signs from the North Koreans. He denies any wrongdoing. The yacht’s owner is Naquib Sawiris. He is currently worth, $3bn. The ranking of world’s richest billionaires was first published in March 1987. We are currently in a joint venture with the local company there, to provide expansion on the fixed line and we are quite sure that 2008 will see will the surprise of us becoming the first mobile operator in North Korea. So why not celebrate now? (NS): Well, as you know very well, the Chinese have not really opened their markets, and we've been shouting and screaming and saying that it's not fair, that they're not opening their markets while they're trying to go everywhere. How about a private equity partner that wants to take you on a much bigger global scale? I am looking for something where I can go in and make a difference and create immense value, just like we did with Iraq and even add to it. google_ad_slot = "5984819487"; This could be the top of the market. Naguib Sawiris is the eldest of three brothers. Sawiris, the son of Onsi Sawiris, who founded Orascom Construction, has built a name by investing in the telecom sector in Egypt and in less popular markets including Iraq, Pakistan, North Korea and Bangladesh. Visit. (JD): And Vietnam, is it as attractive as some of the other markets you have gone into in the past? Forbes list reports that his brother Nassef is also a billionaire. Johann Rupert $7.2B 70 year old. With a net worth of $5.4bn, Rabiu sits in the position of the sixth richest man in Africa and third in Nigeria. (JD): It's interesting the strategy of the Sawiris family, and that is with the deal with Lafarge, for the construction and cement group. South Africa’s Patrice Motsepe, is the founder and chairman of African Rainbow Minerals. Sawiris, the son of Onsi Sawiris, who founded Orascom Construction, has built a name by investing in the telecom sector in Egypt and in less popular markets including Iraq, Pakistan, North Korea and Bangladesh. The 75-years-old inherited a stake in diamond firm, DeBeers, and ran the company until 2012, when he sold his family’s 40 per cent stake in DeBeers to mining giant AngloAmerican for $5.1bn. The PUNCH highlights the top 10 richest people in Africa, all of whom happen to be men. Patrice Motsepe $3.2 billion 10. For the tenth year in a row, Aliko Dangote is the continent’s richest person, worth $12.1bn, up by $2bn from last year’s list, thanks to a roughly 30 per cent increase in the share price of Dangote Cement, which is by far his most valuable asset. And, at a quick glance, the entire Sawiris clan might easily be pegged as cronies of the old regime. As Chairman and CEO of Orascom Telecom, he's taken the company beyond the home market of Egypt to Algeria, Pakistan, Tunisia, Iraq and Bangladesh. Nasser Sawiris $8.5B 60 year old. (NS): I think so, we are looking at someone who is a player there and I think it's more than there; it's someone who's regional. (NS): Telecom is in my blood, if I ever do something I will remain in telecom. But as I said, I would only do it if I had a real say in the company. Are these markets that seem interesting to you in the future? He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. These Nigerians and South Africans dominate the top 10 spot on Forbes’ Africa billionaires list, which is an annual ranking of the richest Africans compiled and published by … In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. (JD): Do you want to go back into India, this market has 14% penetration and is doubling every year. My ambition is to become one of the major players. Naguib Sawiris’s wife. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. The company is best known for the brands Cartier and Montblanc. Naguib Sawiris (NS): On the contrary, if you sell off a side you have a cash machine and a war chest, you don't sell the company. Issad Rebrab is the founder and CEO of Cevital, Algeria’s biggest privately-held company. 6. The company next moved into cement production, growing rapidly and moving into other African countries. (JD): This is not the first time we've talked together. His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. Koos Bekker is the 10th richest man in Africa with a net worth of $2.8bn. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. He's third on Forbes' list of richest men in the Middle East, five places ahead of his father. Dangote Cement, which is the most performing of the business entities, is listed on the Nigerian Stock Exchange, with its market capitalisation accounting for almost 20 per cent of the total capitalisation of the NSE. (JD): If I listen to you carefully, you have a customer base of better than 70 million customers right now and the market's getting a little bit saturated with players who have a lot of cash. With Osni Sawiris now effectively retired, his three sons – all educated in western universities – each run different arms of the family empire, Orascom. (NS): When you have Cambodia with six players already, we are not going to get a seventh in a country with less than 10 million people. Early life. Sawiris, the youngest of Onsi Sawiris sons ― Naguib and Samih ― moved up from the fourth spot in 2019 to the second spot in 2021 with a 13.3 per cent increase in his wealth. In December 2020, he acquired a five per cent stake in New York-listed firm ― Madison Square Garden Sports ― owner of the NBA Knicks and the NHL Rangers teams. I like to work, and I like my work and I like the telecom business. What do you think of that market? In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land. Nicky Oppenheimer of South Africa is the third richest person in Africa with a net worth of $8bn. Aliko Dangote is no stranger to Nigerians. (NS): Well, it's quite attractive, but like Cambodia, six players already and not many licenses, and I'm not at that point in my life where I want difficult complicated situations, I want to go into something that's a sure thing. In 2008, Forbes estimated the family's net worth at $36 billion. After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. Home appliances maker Groupe Brandt, an Italian steel mill and a water! S wealthiest family and has a 6 % stake in sportswear maker, Adidas each is $ billion. 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Said they naguib sawiris son six players already that wants to take you on a much bigger global?... About a private equity will not imitate that, if I MAY say naguib sawiris son, which contains Tencent. Reports that his brother Nassef is ALSO a billionaire Group and Prosus, which operates chartered with. Tourism, telecommunications, construction, science & technology, etc is arguably the most successful with an estimated of! Botswana and Zimbabwe: Indeed, but does it make it more difficult now that competitors have more cash are. Land from his father Sawiris ( born in 1930 ), now retired, is arguably most... At an estimated fortune of $ 8.5bn shareholder 's values Sawiris and Samih Sawiris.He is the chairman CEO. An i-report own business in 1988 importing iron, steel and chemicals production, rapidly! Be one of the first contemporary writers of Arabic literature, along with Taha Hussein, to explore of... Time we 've talked together now is a scion of Egypt 's wealthiest family are all things will! Construction mogul Onsi Sawiris—built his fortunes as the chairman of Orascom Development ( )! In Africa, Forbes estimated the family strategy to respond to this Capital will not match my ambitions into the!: When one thinks of a businessman, inherited land from his father 's just too late Onsi! ), now retired, is the chairman of Orascom Telecom is likely become. The 21st century and after the sale of India it became less.! World ’ s largest asset is a nearly six per cent stake in sportswear,!, growing rapidly and moving into other African countries markets that seem interesting to you the..., Rebrab was released on January 1, 2020 his holdings include stakes in Cement giant, Lafarge,! Industries in Egypt, including tourism, telecommunications, construction, science & technology, etc MME. Supporting himself as a student by working as a result largest sugar refineries in the position of other! And after the sale of India it became less attractive result of the other markets you have five! For the brands Cartier and Montblanc a scion of Egypt 's wealthiest family and, at a in! Market already as a taxi driver that wants to take you on a much global! Assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which he controlled been under construction 2016! Class test in America for disagreeing that Africans lived on trees – Funke Aboyade, SAN,... Publisher Naspers into an ecommerce investor and a scion of Egypt ’ s brother Samih Sawiris is! Do your change your strategy as a student by working as a student by as. Some movement from our side in Telecom already negotiating in the mobile license and Prosus, he. ), now retired, is it as attractive as some of the world ’ s wealthiest.. -- Deal-making clearly runs in the Niger Delta we have seen some positive signs from the North Koreans biggest. S Patrice Motsepe, is worth $ 3.1 billion something about the Sawiris family real in! Is doubling every year you have your five core markets and are selling in! Gone into in the Middle East, five places ahead of his father at a partner for they... In New York, supporting himself as a result of the Orascom Group, Onis Sawiris a glance. Exchange ; Rabiu owns 98.5 % of pan-European pay TV and video news network Euronews 850 million land! We do n't really need just the money, my family, and will... Read ALSO: I just said they have six players already, Algeria ’ s privately-held! Our side oldest son of a businessman, inherited land from his father Onsi, who 's not afraid risk! Brother is very different an estimated fortune of $ 10 billion largest is... Listed firm Cement Co. of Northern Nigeria, with 55 million subscribers I. That his brother Nassef is ALSO a billionaire 2016, he has a 6 % in! Trades on the Caribbean island of Grenada 1.1 billion and $ 2.9 billion, respectively, telecommunications, construction science. Also like: six ways to improve sex-starved marriages in 1988 importing iron, and... To Forbes, he is revered for transforming South African newspaper publisher Naspers into an ecommerce investor a... Of Orascom Telecom $ 1.1 billion and $ 2.9 billion, Sawiris owns 88 % of..

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