⬅ # 946 Edward DeBartolo Jr|# 948 Stewart Horejsi ➡

# 947 Naguib Sawiris 

$3.65B

Real Time Net Worth
as of 10/9/2024
$31.8k (0.00%)

# 947 Naguib Sawiris 

$3.65B

Real Time Net Worth
as of 10/9/2024
$31.8k (0.00%)
OccupationChair, Orascom TMT Investments
Source of WealthTelecom
Age70
ResidenceCairo, Egypt
Marital StatusMarried
Children4
EducationBS, Swiss Federal Polytechnical Institute; MS, Swiss Federal Polytechnical Institute
Age-Adjusted Net Worth$1.86B
Naguib Sawiris
Naguib Sawiris
Egypt
Net worth: $3.65B

Self-Made Score 

Mido Ocean Star 600 Chronometer

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Naguib Onsi Sawiris, born on June 15, 1954, in Cairo, Egypt, is an Egyptian businessman and scion of Egypt's wealthiest family.
He became wealthy primarily through his contributions to the growth and diversification of Orascom Group, particularly in the telecom sector, culminating in the multibillion-dollar sale of Orascom Telecom in 2011.
Sawiris is known for his ventures in telecom, real estate development, and media investments, as well as his philanthropic efforts.

Early Life and Education

Born in Cairo, Egypt, to businessman Onsi Sawiris and Yousriya Loza Sawiris on June 15, 1954.
Attended the German Evangelical School in Giza and received a Diploma.
Obtained a Diploma of Mechanical Engineering with a Master's degree in Technical Administration from ETH Zurich.

Career Highlights

Joined Orascom, the family business, in 1979, and contributed significantly to its growth and diversification.
Played a key role in establishing Orascom Telecom Holding (OTH) in 1997.
Appointed chairman of La Mancha Holding in August 2012.
Raised over $4 billion by selling his telecommunications stake to VimpelCom in 2014.
Bought a majority stake in Euronews in 2015 and began selling his stake in 2021.
Founded Ora Developers in 2016, with projects including Silver Sands in Grenada and Ayia Napa Marina in Cyprus.
Signed a contract with the Iraqi government in 2024 to develop 'Ali Al-Wardi City', the largest residential city in Iraq.

Personal Life

Married with four children and resides in Cairo, Egypt.
Speaks Arabic, English, German, and French fluently.
Identifies as a Coptic Christian.
Celebrated his son's wedding in Cairo's big church in May 2022, followed by a grand reception.

Naguib Sawiris's Wealth is Equivalent to:

2,812,163 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

691,202 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

37,335 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Naguib Sawiris?

If you started with $10,000 and invested an additional $500 each month at a 43.88% CAGR, it would take you 5 years to reach Naguib Sawiris's net worth of $3.65B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 59.83% compared to 21.72% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Naguib Sawiris is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Naguib Sawiris, Telecom is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey