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Hall Of Fame
Naguib Sawiris
Chairman & CEO
Work Place:
Orascom Construction PLC
Country: Egypt
Brief: Undeniably, Naguib Sawiris – financial tycoon and billionaire– is easily Egypt’s most famous and recognizable business man. With a Twitter presence of 6.2 million followers, he is also considered one of the most active business tycoons on social media.
The 65-year-old Egyptian studied Engineering in Switzerland prior to returning to the homeland to take over the family business, Orascom, which he helped grow into the largest private sector employment conglomerate in the country.
His fortune was largely built on the multibillion-dollar transaction which saw the sale of Orascom Telecom to Russian telecom company Veon (formerly VimpelCom) in 2011.
Currently, he serves as chairman of Orascom Telecom Media and Technology Holding S.A.E and Italian internet company Italiaonline, and has majority ownership over Lyon-based television news network Euronews. Similar to his brother Samih Sawiris’ affinity for developing luxury resorts, Naguib established ‘Silversands’ resort in Grenada Island, near the Caribbean Sea.
As per recent news outlets, Sawiris’ interest in gold mining has gained momentum as he seeks to increase investments in gold mining in Egypt where competition for an international tender for the Eastern Desert’s gold mines is high. He is currently head of US mining company La Mancha Resources Inc, which he acquired in 2012 and which engages in mining activities in five African countries as well as Australia.