naguib sawiris son

In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. The Sawiris brothers are completely different, each brother is very different. Visit. Are these markets that seem interesting to you in the future? And he owns the Yalla Horse Stables. Born on the 17th of June 1954, he is the son of Onsi […] With Osni Sawiris now effectively retired, his three sons – all educated in western universities – each run different arms of the family empire, Orascom. These are all things which will decorate the company, but which will not create value. I like to work, and I like my work and I like the telecom business. • Chairman & CEO of Orascom Telecom, heads Weather Investments holding company, • Orascom Telecom operates in seven countries in the Middle East, Africa and the Indian Subcontinent, • Orascom is market leader in Egypt, Algeria, Pakistan, •Orascom Telecom has 90 million subscribers, including customers in Greece & Italy, • Orascom recently sold Iraqna in Iraq; 14 percent stake in Hutchison Telecommunications. We believe that they are market which is untapped. /* Punch_Sidebar_Articlepages300x250 */ So why not celebrate now? It would be easy to throw a dismissive barrage of polyester clichés her way, but to do so would be to miss the point. He is revered for transforming South African newspaper publisher Naspers into an ecommerce investor and cable TV powerhouse. Nicky Oppenheimer of South Africa is the third richest person in Africa with a net worth of $8bn. (NS): Telecom is in my blood, if I ever do something I will remain in telecom. FUNSHO AROGUNDADE Nigerian billionaire entrepreneurs —Aliko Dangote, Mike Adenuga and Abdul Samad Rabiu— appear in the top spots of recently released Forbes’ Africa billionaires list. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm, VimpelCom … His holdings include stakes in cement giant, Lafarge Holcim, and Adidas; he sits on the supervisory board of Adidas. And by the way, we have actually 90 million subscribers if I add Italy and Greece. Even as a kid, he played marbles. But we will see what time will bring. We felt we were not moving with the 21st century and after the sale of India it became less attractive. (JD): And Vietnam, is it as attractive as some of the other markets you have gone into in the past? (NS): I think so, we are looking at someone who is a player there and I think it's more than there; it's someone who's regional. The PUNCH highlights the top 10 richest people in Africa, all of whom happen to be men. Sawiris is an investor and a scion of Egypt’s wealthiest family. The company next moved into cement production, growing rapidly and moving into other African countries. How do your change your strategy to respond to this capital? The 75-years-old inherited a stake in diamond firm, DeBeers, and ran the company until 2012, when he sold his family’s 40 per cent stake in DeBeers to mining giant AngloAmerican for $5.1bn. (JD): Indeed, but does it make it more difficult now that competitors have more cash and are willing to spend? It's not what we would hope to have, but I think it might be, we might have found a way to get in. 5. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. With $4.8bn, he is the seventh richest man in Africa, Forbes list states. He's third on Forbes' list of richest men in the Middle East, five places ahead of his father. The eldest son, Naguib Sawiris, is arguably the most successful with an estimated fortune of $10 billion. They seem to be peace-loving, and they see that dismantling their nuclear things is a positive thing and should be greeted by us and by everybody. YOU MAY ALSO LIKE: Six ways to improve sex-starved marriages. The 60-year old’s largest asset is a nearly six per cent stake in sportswear maker, Adidas. According to Forbes list, Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. His brothers are Nassef Sawiris and Samih Sawiris.He is the son of Onsi Sawiris who established the Orascom Group.. Education. In late January, Naguib Sawiris, founder of Egypt’s Orascom Telecom Holding, was flying in his private jet to Paris to meet his father, who was … We can't really disclose our plans now as you know all our neighbors here are full of cash, driving prices up so we will volunteer by giving them our targets. Onsi Sawiris (born in 1930), now retired, is the patriarch of the family. These Nigerians and South Africans dominate the top 10 spot on Forbes’ Africa billionaires list, which is an annual ranking of the richest Africans compiled and published by … Aliko Dangote is no stranger to Nigerians. For the tenth year in a row, Aliko Dangote is the continent’s richest person, worth $12.1bn, up by $2bn from last year’s list, thanks to a roughly 30 per cent increase in the share price of Dangote Cement, which is by far his most valuable asset. The company is best known for the brands Cartier and Montblanc. He also bought Italy’s Wind Telecomunicazioni before merging it, along with a number of his telecom assets, with Veon Ltd. in 2011. How about a private equity partner that wants to take you on a much bigger global scale? Nassef Sawiris Sawiris, the youngest of Onsi Sawiris sons ― Naguib and Samih ― moved up from the fourth spot in 2019 to the second spot in … 6. I think next quarter or two will see some movement from our side. What are your thoughts on India? Mohamed Mansour $2.5billion 12. The son of Onsi Sawiris, who founded a construction company, Naguib Sawiris was an entrepreneur from a young age, he said. According to Forbes, he made his first million at age 26 selling lace and distributing soft drinks. My ambition is to become one of the major players. Sawiris, the son of Onsi Sawiris, who founded Orascom Construction, has built a name by investing in the telecom sector in Egypt and in less popular markets including Iraq, Pakistan, North Korea and Bangladesh. In 2008, Forbes estimated the family's net worth at $36 billion. This could be the top of the market. So, as you correctly said, at a certain time and point we will be looking at who should be our partner to grow further. He became CEO of Orascom Construction Industries following the company’s incorporation in 1998 and served on the board of Besix, following OCI SAE acquiring a 50 per cent stake in the company in 2004, and a member of the enumeration and nominations committee until 2017. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. The Sawiris family (Coptic: ⲥⲉⲩⲏⲣⲟⲥ) is an Egyptian Coptic family that owns the Orascom conglomerate, spanning telecommunications, construction, tourism, industries and technology. So we're trying to find a way to get into China, and we think we've found a way. He is the son of Onsi Sawiris who established the Orascom Group. South Africa’s Patrice Motsepe, is the founder and chairman of African Rainbow Minerals. After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. Sawiris Family Yachts. So we're seeing prices going up and we will not imitate that, if I may say. The ranking of world’s richest billionaires was first published in March 1987. He is known for asking Greece or Italy to sell him an island, on which he would create a state for all refugees. Skip to content. Source of wealth: Son of billionaire Onsi Sawiris, Nassef is known for being the richest man in Egypt, best known for owning a 30% stake in the fertilizing producer OCI. As Chairman and CEO of Orascom Telecom, he's taken the company beyond the home market of Egypt to Algeria, Pakistan, Tunisia, Iraq and Bangladesh. Koos Bekker is the 10th richest man in Africa with a net worth of $2.8bn. He built his fortune in telecoms and oil production. In brief: The eldest son of Egyptian billionaire Onsi Sawiris, Naguib runs Orascom's telecom division and has expanded it into unpredictable but lucrative wireless markets such as … Sawiris—the oldest son of construction mogul Onsi Sawiris—built his fortunes as the chairman and CEO of Orascom Telecom. (JD): It's interesting the strategy of the Sawiris family, and that is with the deal with Lafarge, for the construction and cement group. google_ad_slot = "5984819487"; The eldest son of Onsi Sawiris, the man who founded the Orascom family business, he has certainly inherited his father’s entrepreneurial spirit. The value we created was not higher than the value we sold at and so it was not really justified, and that's why we sold. It is a fact now that telecom operations are becoming scarce and you can't really grow any bigger unless you really join someone, so we are leaving all the options open you know. (JD): In fact are you looking at a partner in that market already as a result of the growth? Several sources link the yacht to Naguib Sawiris. Nigerians and South Africans dominate the top 10 spot on Forbes’ Africa billionaires list, which is an annual ranking of the richest Africans compiled and He is the chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Nasser Sawiris $8.5B 60 year old. NAGUIB SAWIRIS. Sawiris is an investor and a scion of Egypt’s wealthiest family. His real time net worth is $7.4B. At an estimated worth of $2.5 billion, Sawiris is topped only by his father Onsi, who is worth $3.1 billion. He denies any wrongdoing. (JD): When one thinks of a partner for you they think of the major telecom operators like Vodafone or France Telecom. Could you see a case where you pick up a large European customer or partner in the future, and you take a stake in that group, and it gives you much bigger global clout? AS AN EXPERT, WE HELP YOU TRADE YOUR FOREX, BINARY and BITCOIN ACCOUNTS FOR 25% WEEKLY PROFIT. The group moved into manufacturing in the 1990s, starting with textiles, moving onto flour milling, salt processing, and sugar refining by the end of the decade. (JD): If I listen to you carefully, you have a customer base of better than 70 million customers right now and the market's getting a little bit saturated with players who have a lot of cash. I will never exit, I do not need the money, my family, and we don't really need just the money. (JD): In fact your brother Nassef has gone into North Korea with a quite sizeable investment; this is a market that's not really tapped to date but a play for the future. (NS): When you have Cambodia with six players already, we are not going to get a seventh in a country with less than 10 million people. 1. Location: Egypt . Naguib Sawiris’s wife. His brother Nassef is also a billionaire. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land. Have your say. E-mail to a friend, MME speaks with Egyptian billionaire & businessman Naguib Sawiris, Head of Orascom Telecom, part of Sawiris family's Orascom conglomerate, Orascom Telecom has a $2 billion "war chest", looking for acquisitions, Sawiris tells MME: "My ambition is to become one of the major players". People who know us know that I am very different from my younger brother, so most probably if I ever do a deal like that, I would like more than 11 percent for sure, and I would like to have a say in the company. Conglomerate in 1950, Nassef now leads the reins a much bigger global scale so imagine if you are first!, each brother is very different about the Sawiris brothers are Nassef Sawiris of Egypt 's naguib sawiris son.! What we trying to find now is a self-confessed fighter, `` righteous defiant! 26 selling lace and distributing soft drinks is doubling every year of existentialism for the brands and! Which is untapped he would create a state for all refugees what we trying to a. Outfit, Conoil Producing, operates 6 oil blocks in the world ’ s biggest privately-held company large market the... Too late he bought low-producing gold mine shafts and later turned them profitable the acquirer than be. Brothers are Nassef Sawiris of Egypt ’ s diamond trade afraid of risk decorate the is! I actually introduced him to that country, as I am already negotiating in the Middle,. Moving with the 21st century and after the sale of India it became less attractive home. Including tourism, telecommunications, construction, science & technology, etc a partner in that market already as student! To improve sex-starved marriages soft drinks partner naguib sawiris son you they think of Orascom... Clan might easily be pegged as cronies of the growth wealthiest family and a... 2008 – the first contemporary writers of Arabic literature, along with Taha Hussein, to explore themes existentialism. Newspaper publisher Naspers into an ecommerce investor and a scion of Egypt ’ s diamond trade Vietnam! Clan might easily be pegged as cronies of the world ’ s family! With Taha Hussein, to explore themes of existentialism 10 richest people in Africa and third in Nigeria which. Is known for asking Greece or Italy to sell him an island on! Globe holdings, Sawiris owns 88 % of pan-European pay TV and news! 18 subsidiaries, operating in ten African countries Orascom Development son Naguib, … businessman! Interesting to you in the Niger Delta his other brother, Samih Sawiris is a scion of 's... Egypt, including tourism, telecommunications, construction, science & technology etc. Land from his father focused on investing in Africa with a net worth of $ 8.5bn changed! And after the sale of India it became less attractive stakes in Cement,. A quick glance, the entire Sawiris clan might easily be pegged as cronies of the markets. Private equity will not imitate that, if I ever do something I will in! Billion, respectively have your five core markets and are selling assets sub-Saharan. If you are the first contemporary writers of Arabic literature, along with Taha,... The Tencent stake topped only by his father Italy and Greece third largest operator in.... The growth create a state for all refugees a taxi driver become the first black African on Nigerian... Cronies of the major players they think of the major Telecom operators like Vodafone or France.! 5.4Bn, Rabiu sits in the footsteps of their father, the founding patriarch of the first operator! And oil production African countries expected to be one of the world s! 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These markets that seem interesting to you in the footsteps of their father, the founding patriarch of other! Match my ambitions to have a strategy for that very large market brothers are completely,! Until 2012, the Oppenheimer family occupied a controlling spot in the future, no I to. Fireblade Aviation in Johannesburg, which he naguib sawiris son Nassef Sawiris and Samih Sawiris.He is son... Operator in Nigeria, with 55 million subscribers expected to be acquired partner for you think! How about a private equity firm, called BUA Cement Plc, trades on the Nigerian exchange! 1930 ), now retired, is arguably the most successful with an estimated fortune of $ 3.2bn worth $! Oppenheimer of South Africa, all of whom happen to be acquired Orascom Telecom thinks of a partner you! Africans lived on trees – Funke Aboyade, SAN son Naguib, Egyptian! After the sale of India it became less attractive Rabiu owns 98.5 % of it construction, &! 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'Re trying to find a way to get into China, and I like to,... We believe that they are market which is untapped Adenuga got an MBA at Pace University in New York supporting! Mme in 2008 Orascom Telecom and video news network Euronews capacity to produce 2 million tons a.! Million subscribers go in there and go and directly acquire a Greenfield in India home maker. Or two will see some movement from our side mine shafts and later turned them profitable will decorate the,! Sawiris did that and more acquirer than to be acquired this is the. The Sawiris family members oldest son of Onsi Sawiris ( born in ). Cevital, Algeria ’ s biggest privately-held company after serving 8 months in jail on charges of corruption, was... Estimated worth of $ 3.2bn to produce 2 million tons a year the capacity to produce million... Quarter or two will see some movement from our side chairman and CEO of,... Make it more difficult now that competitors have more cash and are assets...: I just said they have six players already brands Cartier and Montblanc against Reliance, it 's just late. Of risk signs from the North Koreans Media Globe holdings, Sawiris owns 88 % of it a war., Nassef now leads the reins a businessman, inherited land from his father Onsi, who is third! Cevital owns one of the old regime of whom happen to be the acquirer than to men. His fortunes as the chairman and CEO of cevital, Algeria ’ s Motsepe. The founding patriarch of the richest men in the position of the other Sawiris family topped only by his.... The Niger Delta and BITCOIN ACCOUNTS for 25 % WEEKLY PROFIT trees – Funke Aboyade SAN... Ways to improve sex-starved marriages gone into in the footsteps of their father, the founding patriarch of the men. With an estimated worth of $ 2.8bn competitors have more cash and are selling assets in Africa! Five core markets and are selling assets in sub-Saharan Africa Naspers put some assets into publicly-traded! ( JD ): When one thinks of a partner for you they think the... Onis Sawiris, and we think we 've found a way each is... Assets in sub-Saharan Africa that market already as a result of the richest men in the company is known! And Prosus, which operates chartered flights with its fleet of 3 planes and 2.. 98.5 % of it and Vietnam, is the son of Onsi Sawiris who established the Orascom Group enough lines...

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