⬅ # 242 Bernard Marcus|# 244 Pankaj Patel ➡

# 243 Nassef Sawiris 

$9.64B

Real Time Net Worth
as of 5/16/2024
-$39.1M (-0.41%)

# 243 Nassef Sawiris 

$9.64B

Real Time Net Worth
as of 5/16/2024
-$39.1M (-0.41%)
OccupationChair, OCI Global; Chair, Aston Villa F.C.
Source of WealthConstruction, Investments
Age63
ResidenceCairo, Egypt
Marital StatusMarried
Children4
EducationBS, University of Chicago
Age-Adjusted Net Worth$7.87B
Nassef Sawiris
Nassef Sawiris
Egypt
Net worth: $9.64B

Self-Made Score 

Wealth History

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Biography

Overview

Nassef Onsi Sawiris, born on January 19, 1961, is an Egyptian billionaire businessman and the youngest son of Onsi Sawiris.
He received his secondary education from the Deutsche Evangelische Oberschule Kairo and earned a bachelor's degree in economics from the University of Chicago in 1982.
Sawiris joined the Orascom group in 1982 and rose through the ranks, eventually becoming CEO of Orascom Construction Industries in 1998.
He served on the boards of various stock exchanges and companies, including Besix and LafargeHolcim.
Sawiris founded Avanti Acquisition Corp, a Special-purpose acquisition company, in October 2020.

Business Ventures

Sawiris runs OCI, one of the world's largest nitrogen fertilizer producers, trading on the Euronext Amsterdam exchange, with plants in Texas and Iowa.
He owns Orascom Construction, an engineering and building firm, which trades on the Cairo exchange and Nasdaq Dubai.
His investment holdings include a nearly 6% stake in German sportswear giant Adidas.
In December 2020, he acquired a 5% stake in Madison Square Garden Sports, owner of the NBA Knicks and NHL Rangers teams.
Teamed up with Wes Edens, he purchased Premier League's Aston Villa Football Club.
Sawiris invested in V Sports, which owns Aston Villa and a stake in Primeira Liga team Vitória S.C., with plans for a Major League Soccer team.

Sports Ownership

In July 2018, Sawiris and Wes Edens purchased a 55% controlling stake in Aston Villa, investing significant funds to address financial issues.
Under their ownership, Aston Villa was promoted back to the Premier League and underwent extensive management and infrastructure changes.
Approximately £360m of debt-free share capital has been injected into Aston Villa under Sawiris' ownership.
Plans to expand Villa Park and rebranding NSWE to V Sports mark a period of heavy investment in the club.
V Sports also acquired a 46% stake in Vitória S.C. and committed to investing in sporting infrastructure.
They're in discussions to form a Major League Soccer team, registered as 'Las Vegas Villains'.

Philanthropy and Personal Life

Sawiris is married to Sherine, has four children, and resides in Cairo with a home in New York City.
Sawiris serves on the Board of Trustees of the University of Chicago, the Global Board of Advisors for the Council on Foreign Relations, and the International Leadership Board of the Cleveland Clinic.

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

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Nassef Sawiris's net worth of $9.64B.

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 40.45% compared to 10.08% for the S&P 500 benchmark.

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Nassef 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 Nassef Sawiris, Construction and Investments are the primary sources. 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