Naguib Sawiris
Meet 2021’s Arab Billionaires

Naguib Sawiris

Middle East Rank: 4
Global Rank #: #956
Net Worth 2021: $3.2 B
Change: + $200 M
Age : 66
Country : Egypt
Sector : Telecom

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. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay  TV and video news network Euronews. He also developed a luxury resort called Silversands on the Caribbean island of Grenada.