Nassef Sawiris Net Worth

Net Worth:	$6.1 Billion
Date of Birth:	January 19, 1961 (63 years old)
Gender:	Male
Profession:	Businessperson
Nationality:	Egyptian

What is Nassef Sawiris’s Net Worth?

Nassef Sawiris is an Egyptian businessman who has a net worth of $6.1 billion. He is the CEO of Orascom Construction Industries. Nassef Sawiris started working as the Head of Construction at Orascom in the early 1990s, which his father created. In 1998, he assumed control of the CEO position.

The most valuable publicly traded firm in Egypt is called Orascom, which also has substantial assets in Brazil and the United States.

Nassef Sawiris is also the president of the Egyptian Cement Company, a director of the Dubai International Financial Exchange, a member of the American Chamber of Commerce, the German-Arab Chamber of Industry and Commerce, and the business secretariat of the Egyptian National Democratic Party.

Early Life

Nassef Sawiris was born on 19 January 1961, in Cairo, Egypt. He attended the Deutsche Evangelische Oberschule Kairo secondary school.

Nassef Sawiris is an alumnus of the  University of Chicago and holds a bachelor’s degree in Economics from the aforementioned University.

Career

Sawiris joined the Orascom company in 1982 and handled the construction activities of Orascom Construction. After the business was established in 1998, he was appointed CEO of Orascom Construction Industries.

Following OCI SAE’s 2004 acquisition of a 50% ownership in the business, he served on the Besix board and as a member of the nominations and compensation committee until 2017.

After OCI NV bought OCI SAE, the original parent company, in January 2013, he was appointed CEO of OCI NV.

Through his investment firm NNS Holding Sàrl Luxembourg, it was revealed in October 2015 that Sawiris had purchased a stake in Adidas AG.

In 2016, Adidas AG in Herzogenaurach, Germany, named him as a supervisory director.

Following the acquisition of a 55% controlling stake by NSWE, a corporation jointly owned and managed by Sawiris’ organization NNS and American billionaire Wes Edens.

It was declared in July 2018 that Sawiris would succeed Tony Xia as chairman of Aston Villa F.C.

Avanti Acquisition Corp., a special-purpose acquisition firm, was created by Sawiris in October 2020.

Personal Life

Nassef Sawiris got married to Sherine together they have four kids, Nassef Sawiris live in Cairo with his family, and also owns a home in New York City.

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