⬅ # 884 Roger Penske|# 886 Edwin Leong

# 885 Naguib Sawiris 


Real Time Net Worth
as of 7/12/2024
$68.9k (0.00%)

# 885 Naguib Sawiris 


Real Time Net Worth
as of 7/12/2024
$68.9k (0.00%)
OccupationChair, Orascom TMT Investments
Source of WealthTelecom
ResidenceCairo, Egypt
Marital StatusMarried
EducationBS, Swiss Federal Polytechnical Institute; MS, Swiss Federal Polytechnical Institute
Age-Adjusted Net Worth$1.85B
Naguib Sawiris
Naguib Sawiris
Net worth: $3.65B

Self-Made Score 

Wealth History

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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.

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 44.15% 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 51.86% compared to 19.03% for the S&P 500 benchmark.

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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.

Edited by: Lee Bailey