Naguib Sawiris

5. Naguib Sawiris

Net Worth 2023: $3.3B
Change since 2022: -$100M
Citizenship: Egypt
Residence: Egypt
Global Rank: 878

Naguib Sawiris is a scion of Egypt's wealthiest family. His brother Nassef is also a billionaire. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. He's chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. He developed a luxury resort called Silversands on the Caribbean island of Grenada.