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Egypt's 6 Richest Men in 2013

In the Forbes-list of the world’s richest people, Egypt was represented 6 times, mainly by Sawiris and Mansour family-members.

To download the free report about Egypt’s 16 Richest Men, please visit: Egypt’s 16 richest men.

Forbes published a list of the world’s billionaire rankings – in which Egyptian business-men conquered six places. Carlos Slim Helu, who has a fortune worth $73 billion, was named richest billionaire in the world.

Check out which Egyptians made it:

#1 Nassef Sawiris:

Nassef Sawiris
Photo by Forbes

With a net worth of $6.5 billion (in 2011 it was $4.75 billion), Nassef Sawiris runs Orascom Construction Industries, Egypt's most valuable publicly-traded company, which was founded by father Onsi. 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. They later rallied to pre-revolution levels, but recently slipped again, due to the travel ban that was placed on Sawiris and his father. Sawiris is the 4th richest man in Africa and also owns big stakes in cement giant Lafarge, and Texas Industries.

#2 Naguib Sawiris:

Naguib Sawiris
Photo by Forbes

With a net worth of $2.5 billion (in 2011 it was $2.9 billion), Naguib Sawiris, the eldest son of Egyptian billionaire Onsi Sawiris, built Orascom Telecom, then sold the family's stake to Russian and emerging market telecom giant VimpelCom in April for $6.5 billion in shares and cash, becoming one of VimpelCom's largest shareholders in the process. 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.

#3 Mohamed Mansour:

Mohamed Mansour
Photo by Forbes

Africa’s 10th richest man Mohamed Mansour (net worth $2.2 billion in 2013 - $1.7 billion in 2011) and his brothers are the biggest sellers of GM vehicles in the world. Strong sales in their Caterpillar business throughout Africa, Russia and Iraq are making up for a slump in Egypt. Other interests include the largest supermarket chain in Egypt (Metro), and the Philip Morris franchise. According to Ahram Online, Metro received an offer from Majid AlFuttaim Group for up to $300 million.

#4 Onsi Sawiris:

Onsi Sawiris
Photo by Forbes

With a net worth of 2 billion ($2.6 billion 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 Egyptian government nationalized his first construction business in 1971. Undeterred, he rebuilt what became Orascom Construction Industries. His son Nassef took over in 1995. Another son, Naguib, built a separate telecom company, while son Samih went into hotels and real estate. Onsi Sawiris now owns shares in Russian mobile operator VimpelCom, following its acquisition of the family stake in Orascom Telecom in April 2011. All three Sawiris sons appear on the Forbes Richest Africans list; Nassef and Naguib are billionaires.

#4 Yasseen Mansour:

Yasseen Mansour
Photo by Forbes

With a net worth of $2 billion ($1.55 billion in 2011), Yasseen Mansour, the youngest of Egypt's three Mansour brothers, was put on the Interpol list on fraud charges in 2011, but was removed after being cleared of corruption charges over the misappropriation of state land for Palm Hills Developments. Yasseen, his brothers and cousin, the former housing minister who was also accused, but cleared on Palm Hills, are the largest shareholders in the company—Egypt's second-biggest real estate developer. Yasseen resigned as CEO in June, but remains chairman. The majority of his fortune is tied up in the family business; it is the largest seller of GM vehicles in the world.

#6 Youssef Mansour:

Youssef Mansour
Photo by Forbes

With a net worth of $1.95 billion ($1.55 billion in 2011), Youssef Mansour, the older brother of Egyptian billionaire businessmen Mohamed and Yasseen, keeps a low profile. His assets, especially in publicly traded real estate development company Palm Hills Developments, took a hit with the Egyptian uprising early in 2011. Youssef is responsible for building Egypt's largest supermarket chain, Metro, but now devotes time to the family foundation which targets illiteracy and education. The bulk of his fortune comes from the family's business as the largest seller of GM vehicles in the world, and strong sales of Caterpillar machines.

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About the author: Egypt Business Directory

The leading directory of Egyptian businesses with company profiles, press releases, tenders, jobs and management news.