Nassef Sawiris, the CEO of OCI N.V. and one of the wealthiest individuals in Egypt, has a net worth estimated at around $6.93 billion. Sawiris, who is the son of billionaire businessman Onsi Sawiris, inherited his father’s construction and engineering company, Orascom, and has helped to grow it into a global conglomerate with interests in industries such as fertilizers, cement, and engineering and construction.
One of the key factors in Sawiris’ wealth is his ownership of OCI N.V., the largest producer of fertilizers based on natural gas in the world. Sawiris owned 30% of OCI, a fertilizer producer based in Geleen, the Netherlands, which was created following a demerger from his family’s original company, Orascom Construction. He also owns 6% of the athletic apparel manufacturer Adidas and a stake in LafargeHolcim, the largest cement producer in the world. OCI N.V., whose stock price has recently increased dramatically and has a market worth of over $10 billion, is led by Sawiris as CEO.
In addition to his stake in OCI N.V., Sawiris also has a number of other investments that have helped to boost his net worth. He is a shareholder in publicly traded companies such as Nike and Lululemon, and has a diverse portfolio that includes real estate and private equity investments. Sawiris is one of the wealthiest and most influential figures in the world of business. He is known for his philanthropic efforts, and has donated millions of dollars to charitable causes. He has also been a vocal advocate for business and economic development in Egypt. Overall, Sawiris’ net worth is a testament to his business acumen and success as a CEO and investor.