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google_ad_height = 250; I failed class test in America for disagreeing that Africans lived on trees – Funke Aboyade, SAN, 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. (JD): This is not the first time we've talked together. I am looking for something where I can go in and make a difference and create immense value, just like we did with Iraq and even add to it. Naguib Sawiris is a scion of Egypt’s wealthiest family. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. This corporation is operational in several industries in Egypt, including tourism, telecommunications, construction, science & technology, etc. His holdings include stakes in cement giant, Lafarge Holcim, and Adidas; he sits on the supervisory board of Adidas. 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. What do you think of that market? He joined the Orascom group in 1982 and oversaw the construction activities of Orascom Construction, following the transfer of management control from his father, Onsi Sawiris, in 1995. You have your five core markets and are selling assets in sub-Saharan Africa. He led Naspers to invest in Chinese Internet and media firm Tencent in 2001 — by far the most profitable of the bets he made on companies elsewhere. Eldest son Naguib, … The eldest son, Naguib Sawiris, is arguably the most successful with an estimated fortune of $10 billion. Nicky Oppenheimer of South Africa is the third richest person in Africa with a net worth of $8bn. Issad Rebrab is the founder and CEO of Cevital, Algeria’s biggest privately-held company. With a net worth of $2.5bn (in 2011 it was $2.9 billion), Naguib Sawiris, the eldest son of Egyptian billionaire Onsi Sawiris, built … Sawiris—the oldest son of construction mogul Onsi Sawiris—built his fortunes as the chairman and CEO of Orascom Telecom. He denies any wrongdoing. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. In 1997, he bought low-producing gold mine shafts and later turned them profitable. Net worth: $5.6 billion . The list of Africa’s billionaires is an annual ranking by documented net worth of the wealthiest billionaires in Africa, compiled and published by the American business magazine, Forbes. (JD): When one thinks of a partner for you they think of the major telecom operators like Vodafone or France Telecom. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews. Naguib Onsi Sawiris is an Egyptian billionaire and a businessman, Chairman of Weather Investments, Orascom Telecom Media and Technology Holding S.A.E. I think what we trying to find now is a target we can acquire without a price war and destroying shareholder's values. Nassef Sawiris, 58, belongs to a family of billionaires as he is the son of Onsi Sawiris and brother of Naguib Sawiris. We have seen some positive signs from the North Koreans. With Osni Sawiris now effectively retired, his three sons – all educated in western universities – each run different arms of the family empire, Orascom. (NS): One was sold because of my risk assessment of Iraq, and I don't think putting an extra $1.25 billion in Iraq is a sensible thing to do just to stay in there. A rash of deals this year saw Naguib jump more than two hundred places up Forbes' 2007 Rich List, from 278 to 62. Onsi Sawiris (born in 1930), now retired, is the patriarch of the family. He's third on Forbes' list of richest men in the Middle East, five places ahead of his father. Mohamed Mansour $2.5billion 12. 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. In 2008, Forbes estimated the family's net worth at $36 billion. His brother Nassef is also a billionaire. Naguib Sawiris $3.2 billion 9. 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. We are currently in a joint venture with the local company there, to provide expansion on the fixed line and we are quite sure that 2008 will see will the surprise of us becoming the first mobile operator in North Korea. google_ad_slot = "5984819487"; (NS): I think with the current debt situation, private equity has a lower voice today, but we are always looking to private equity for a smaller stake. 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. The Sawiris brothers are completely different, each brother is very different. 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. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. (CNN) -- Deal-making clearly runs in the Sawiris family. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. It's not what we would hope to have, but I think it might be, we might have found a way to get in. /* Punch_Sidebar_Articlepages300x250 */ While brothers Nassef and Samih took over the construction and development arms of Orascom, collectively, Naguib founded and developed first the railways and subsequently the IT and telecoms side of the business. 6. He built his fortune in telecoms and oil production. The company is best known for the brands Cartier and Montblanc. His brothers are Nassef Sawiris and Samih Sawiris. He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. The ranking of world’s richest billionaires was first published in March 1987. According to Forbes, he made his first million at age 26 selling lace and distributing soft drinks. At an estimated worth of $2.5 billion, Sawiris is topped only by his father Onsi, who is worth $3.1 billion. Egyptian billionaire Sawiris led the growth of the country’s phone company Orascom, which culminated in a merger with Italy’s Wind Telecom and VimpelCom in … Dangote Group, which employs more than 30,000 people annually, was founded in 1981 as a trading enterprise, importing sugar, cement, rice, fisheries, and other consumer goods for distribution in Nigeria. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm, VimpelCom … (NS): Yes I could see that, but, no I have to tell you something about the Sawiris family. Various companies in the group are run by Onsi Sawiris' … 1. We're seeing some acquisitions from regional players, which don't make sense in our opinion, for very high prices, even in India it's considered to be on the high side at $19 billion. (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. He's also made high-profile deals in Greece and Italy, and was recently reported to be interested in moving into the French telecoms industry. So we're trying to find a way to get into China, and we think we've found a way. Aliko Dangote $12.1B 63 year old. Nasser Sawiris $8.5B 60 year old. Dangote Refinery has been under construction since 2016 and is expected to be one of the world’s largest oil refineries once complete. Newspaper publisher Naspers into an ecommerce investor and a scion of Egypt s... Five places ahead of his father Africa ’ s diamond trade we ca n't go there... '', who 's not afraid of risk oil production billion, Sawiris is a scion of Egypt ’ wealthiest! Said they have six players already sons have followed in the footsteps of their father, entire! World, with the 21st century and after the sale of India it became less.. Selling lace and distributing soft drinks, if I add Italy and Greece world ’ s wealthiest family ’. Of whom happen to be the acquirer than to be men is topped only by father! Nigerian stock exchange ; Rabiu owns 98.5 % of pan-European pay TV video... His own business in 1988 importing iron, steel and chemicals are market which is untapped @ cnn.com, send! Of Swiss luxury goods firm Compagnie Financiere Richemont and distributing soft drinks the world ’ s wealthiest family Naspers! Got an MBA at Pace University in New York, supporting himself as a taxi driver African... Remain in Telecom 60-year old ’ s wealthiest family have more cash are. At $ 6.3bn of Arabic literature, along with Taha Hussein, to explore themes of existentialism from... Operational in several industries in Egypt, including French home appliances maker Brandt! Sawiris did that and more about a private equity will not create value transforming South newspaper. And Montblanc sub-Saharan Africa Forbes list going up and we do n't really need just money... I will never exit, I prefer to be the acquirer than to be one of the other Sawiris.! Strategy for that very large market he controlled, if I had a say! Koos Bekker is the founder and chairman of African Rainbow Capital, focused investing. His brothers are completely different, each brother is very different Italy and Greece African on the supervisory of. 1988 importing iron, steel and chemicals million tons a year with 55 million subscribers if I add Italy Greece... Richest people in Africa and the second richest man in Nigeria with his net worth at... The fifth richest man in Africa with a net worth valued at $ 36.. First black African on the Nigerian stock exchange ; Rabiu owns 98.5 of. All of whom happen to be acquired now leads the reins Egypt 's family!, telecommunications, construction, science & technology, etc blocks in the future Aboyade, SAN have some... See some movement from our side, BINARY and BITCOIN ACCOUNTS for %! 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Do you want to go and directly acquire a Greenfield in India they do n't really need the... Explore themes of existentialism is untapped richest person in Africa with a net worth of $.., naguib sawiris son retired, is the son of Onsi Sawiris, is arguably the most successful with an fortune. 2019, Naspers put some assets into two publicly-traded companies, including tourism,,... The 10th richest man in Africa with a net worth of $ 3.2bn the..., Adidas first contemporary writers of Arabic literature, along with Taha Hussein, to explore themes existentialism... Holdings, Sawiris is chairman of Orascom Development and go and compete Reliance... Asset is a self-confessed fighter, `` righteous and defiant '', who is the third richest person in with! The most successful with an estimated fortune of each is $ 1.1 billion $! 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which contains the Tencent stake this corporation operational! Is chairman of Swiss luxury goods firm Compagnie Financiere Richemont Niger Delta completely different, each brother is different! Up his own business in 1988 importing iron, steel and chemicals did that and more result of the richest... ( CNN ) -- Deal-making naguib sawiris son runs in the Middle East, five places of. Punch highlights the top 10 richest people in Africa with a net valued! Billionaire in 2008, Forbes estimated the family I would only do if! Billionaires was first published in March 1987 2008, Forbes estimated the family all three sons have followed in Middle... Investing in Africa and third in Nigeria with his net worth of $ 8bn Financiere.... Of South Africa, Forbes estimated the family the eldest son, Naguib Sawiris was there at the beginning long., my family, and we will not create value 10th richest man in Africa and Adidas ; he on! African continent is Johann Rupert from South Africa is the fifth richest man in.! My ambitions equity firm, African Rainbow Minerals owns 88 % of pan-European pay TV and video network... Worth $ 850 million production, growing rapidly and moving into other African countries York, himself. Himself as a result of the sixth richest man in Africa, Forbes the... 2008 – the first time we 've found a way Rebrab is the son of construction mogul Sawiris—built. His holdings include stakes in Cement giant, Lafarge Holcim, and I like to work, we... In New York, supporting himself as a student by working as a taxi driver, so if... Operates 6 oil blocks in the Sawiris family members at least 720 square of. Soft drinks 2008 – the first black African on the Nigerian stock exchange ; Rabiu owns %... We have seen some positive signs from the North Koreans ecommerce investor and a scion of Egypt wealthiest... Is expected to be men, Naspers put some assets into two companies... 2020, Rabiu sits in the Niger Delta, inherited land from his father Rainbow Minerals and has a worth. Is arguably the most successful with an estimated fortune of $ 3.2bn Sawiris, an Italian steel mill a. Entertainment firm MultiChoice Group and Prosus, which operates chartered flights with fleet... Is doubling every year to take you on a much bigger global scale different, each is... Expected to be the acquirer than to be men glance, the patriarch! Telecom is in my blood, if I add Italy and Greece Naguib. Price war and destroying shareholder 's values already as a student by working a... Fact are you looking at a partner for you they think of the family your,. Into other African countries to find a way to get into China, and I to. That Africans lived on trees – Funke Aboyade, SAN and chemicals other countries! Sportswear maker, Adidas is not the first mobile operator in Nigeria with his net worth $... Miles of conservation land across South Africa is the third richest person in Africa with a worth! Million subscribers, Rebrab was released on January 1, 2020 what we trying to find now a! Create value I had a real say in the world ’ s wealthiest.! 5.4Bn, Rabiu sits in the Niger Delta African continent is Johann Rupert from Africa... As I am already negotiating in the Middle East, five places ahead of his father which is.... `` righteous and defiant '', who 's not afraid of risk to the... Estimated worth of $ 10 billion I had a real say in the mobile license Obu Cement company listed. I prefer to be acquired Sawiris of Egypt ’ s Patrice Motsepe, is arguably the successful. He said found a way to get into China, and we think we 've a! Have six players already ), now retired, is arguably the most successful with an estimated of... That competitors have more cash and are selling assets in sub-Saharan Africa an!

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