Egypt’s

Richest
Egypt has seven prominent billionaires and even more millionaires. Who are they?

16

Men
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According to prominent business magazine Forbes. 73year-old Helu – or better known as “Slim” – has an estimated wealth of $73 billion. $ . also known as one of Saudi Arabia’s “oil sheikhs”. whereas Gates is at $67 billion. The first Arab in the long list of the World’s Richest People list comes at place 26. it is not until further down that Egyptian businessmen earned a place in the list. Sewedy. Although he comes at place 65 with a wealth of $13. Names like Sawiris. But to determine who is the richest of them all and who follows. Egypt has scored numerous times. Yet. he still is richer than Mark Zuckerberg. $ $ The second Arab is Mohammed Al Amoudi. The Microsoft-founder was overtaken by Mexican Telecom-Giant Carlos Slim Helu and his family. with no other than Prince Alwaleed Bin Talal Alsaud from Saudi Arabia. founder and owner of infamous most used website worldwide – Facebook. Egypt Business Directory brings you Egypt’s 16 Richest Men and tells you a little more about them. With a net worth of $20 billion. Mansour and Ghabbour come to mind at first thought.A fun fact: $ Bill Gates is not the richest man in the world $ $ – for the time-being at least.5 billion. In the long list of international billionaires and millionaires. one needs to carefully evaluate the wealth of each. In this report. the investor barely owns a third of Gates’ fortune.

. $ $ $ $ $ $ ..$ The richest Egyptians are.

due to the travel ban that was placed on Sawiris and his father. becoming one of VimpelCom’s largest shareholders in the process. $ 1 $ W ith a net worth of $2.5 billion (in 2011 it was $2. then sold the family’s stake to Russian and emerging market telecom giant VimpelCom in April for $6.9 billion).5 billion in shares and cash.What do they do? Getting rich requires a lot of hard work so what did Egypt’s richlist do to get to where it is today? $ W ith a net worth of $6. the eldest son of Egyptian billionaire Onsi Sawiris. The construction and fertilizer company’s shares fell almost one-third during the protests leading up to Egyptian President Hosni Mubarak’s resignation in February 2011.75 billion). which was founded by father Onsi. Sawiris is the 4th richest man in Africa and also owns big stakes in cement giant Lafarge. and Texas Industries.5 billion (in 2011 it was $4. 2 . Naguib Sawiris. Nassef Sawiris runs Orascom Construction Industries. They later rallied to pre-revolution levels. but recently slipped again. built Orascom Telecom. Egypt’s most valuable publicly-traded company. Sawiris is Africa’s 9th richest man and also delved into Egyptian politics. forming the Free Egyptians party in April 2011 to promote free markets and a secular platform.

Russia and Iraq are making up for a slump in Egypt. was put on the Interpol list on fraud charges in 2011. Onsi Sawiris is the patriarch of Egypt’s wealthiest family and shares the fourth and fifth rank with Yasseen Mansour in this list. the former housing minister who was also accused. are the largest shareholders in the company—Egypt’s second-biggest real estate developer. he rebuilt what became Orascom Construction Industries. but cleared on Palm Hills. his brothers and cousin. built a separate telecom company. following its acquisition of the family stake in Orascom Telecom in April 2011. the youngest of Egypt’s three Mansour brothers. Yasseen. Undeterred. Strong sales in their Caterpillar business throughout Africa. Onsi Sawiris now owns shares in Russian mobile operator VimpelCom. Yasseen resigned as CEO.A frica’s 10th richest man Mohamed Mansour (net worth $2. 5 . Other interests include the largest supermarket chain in Egypt (Metro). 3 W ith a net worth of 2 billion ($2.55 billion in 2011). and the Philip Morris franchise. Yasseen Mansour.2 billion in 2013 $1. while son Samih went into hotels and real estate.7 billion in 2011) and his brothers are the biggest sellers of GM vehicles in the world. but was removed after being cleared of corruption charges over the misappropriation of state land for Palm Hills Developments. Naguib. 4 $ W ith a net worth of $2 billion ($1. it is the largest seller of GM vehicles in the world. but remains chairman. The majority of his fortune is tied up in the family business. His son Nassef took over in 1995. Another son. The Egyptian government nationalized his first construction business in 1971.6 billion in 2011).

he set up a The General Navigation Company (Genavco).55 billion in 2011). which was later nationalized by Gamal Abdel Nasser. especially in publicly traded real estate development company Palm Hills Developments. Back in the 50s. keeps a low profile.W ith a net worth of $1. took a hit with the Egyptian uprising early in 2011. W 7 W ith a net worth of $720 million. Youssef is responsible for building Egypt’s largest supermarket chain.4 billion. He bought it in 1979. aiming to reconstruct the relationship between governments on each side of the world. Mohamed Fayed is the last on the list of Egyptian billionaires. The bulk of his fortune comes from the family’s business as the largest seller of GM vehicles in the world. His assets. but now devotes time to the family foundation which targets illiteracy and education. Fayed also turned Scottland’s Falls of Shin into a tourist attraction. 8 . Shafik Gabr is the richest known millionaire in Egypt. Youssef Mansour. science and business. spending about $1 million per room.95 billion ($1. 6 ith net worth of $1. Serving as the Chairman of Harrods in London for over 25 years. and strong sales of Caterpillar machines. He was also granted the Medaille de Paris because he personally oversaw the renovation of France’s Hotel Ritz. Metro. Fayed also bought British football team Fulham Football Club and even dined with Iron Woman Margret Thatcher at 10 Downing Street because he managed his finances in a way that was beneficial to the British economy. the older brother of Egyptian billionaire businessmen Mohamed and Yasseen. a company with interests in steel fabrication and logistical services for oil and gas companies. Being a vivid art collector and with focus on Orientalist art. Gabr owns a foundation that promotes East-West dialogue through arts. Gabr founded and built conglomerate ARTOC.

Mohamed Farid Khamis is the Founder of Oriental Weavers. such as Citadel Capital. Ahmed Sewedy is the CEO and Managing Director at ElSewedy Electro-meter. Mohamed Ebeid ElMella is a Shareholder in multiple companies. . Samih Sawiris is the Chairman of Board of Directors of Orascom Development. With a net worth of $149 million. Dubai Insurance. 6 October for Development and Investment and GB Auto. Sadek Sewedy is the Chairman of ElSewedy Industries Group.4 million. CEO and Founder of Ghabbour Auto. With a net worth of $110. mainly serving in the Tourism sector. Mohamed Sewedy is the Vice Chairman & Managing Director of ElSewedy Group. With a net worth of $149 million. Raouf Ghabbour is the Chairman of the Board of Directors.7 million.4 million. With a net worth of $136. Egypt’s leading textile company.1 million. Soliman Abdel Mohsen is a Shareholder in multiple companies. With a net worth of $167. Dubai Development and others. such as Unikai. With a net worth of $116. With a net worth of $115.2 million. United Foods. mainly active in the energy and lighting sector.1 9 10 1 12 13 1 4 6 15 1 With a net worth of $525 million.

tenders. jobs and management news. press releases. we – the team of egypt-business. respective and mentioned company websites. With traffic from over 152 countries. events.egypt-business. Egypt Business Directory 28 AbdelRahman Sedky Street Nasr City.com is an online directory of Egyptian firms with company profiles. Images used in this document are property of Forbes.com/s/newsletter Egypt-Business.com is operated by marketing-BÖRSE GmbH. these profiles are visible to local and international investors and customers. Focusing on Business-to-Business communication and relations. tenders. Egypt-Business.com .de is the largest marketing-directory in Germany. Cairo Mobile: 012 2 81 30 80 9 E-Mail: sales@egypt-business. a leading German provider of internet-technology. com – aim at promoting the Egyptian and Arab economy and giving entrepreneurs. We give you a platform to publish your news. start-ups and new companies the chance to be heard and seen. Egypt Business Directory gives companies and entrepreneurs a chance to set foot in the regional and global market by setting up their profile according to their needs. Marketing-boerse. AlSharq AlAwsat Newspaper. and latest products. job offers.Egypt’s 16 Richest Men is brought to you by: egypt Business Directory Do not miss our free weekly news and business updates! Sign up here: http://www.

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