Naguib Sawiris Net Worth is$2,500 $Million
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Birth Date: June 15, 1954
Religion: Christian, of the Coptic Orthodox Church
Networth: $2.5 billion (US$)
Nationality: Egyptian
Naguib Onsi Sawiris (or Sawires, Egyptian Arabic: U???U??? ??U???U? ????U?U?????, IPA: [nA?E?E?iE?b E?E?onsi sA?E?wiE?E 3/4 E?s] or [sA?E?wiE?E 3/4 es]; born June 15, 1954) is an Egyptian businessman and politician. He was executive chairman of the telecommunications companies Wind Telecom and Orascom Telecom Holding (OTH) before turning to politics in May 2011. OTH launched the first mobile operator in Egypt, Mobinil in 1998.
OTH has 20,000 employees and manages 11 GSM operators around the world. In the beginning, OTHa??s strategy was to target underpenetrated high population markets. However, soon after it started to pursue more developed markets, with the launch of Wind Mobile by Globalive, its Canadian subsidiary in December 2009. Moreover, OTH launched Koryolink, the first mobile operator in North Korea in 2008.
Sawiris joined Orascom in 1979. The Orascom Group is the countrya??s largest private-sector employer and has the largest market capitalization on the Cairo and Alexandria Stock Exchange. Sawiris established and built the railway, information technology, and telecommunications sectors of Orascom. The conglomerate was later split into separate operating companies: Orascom Telecom (OT), Orascom Construction Industries (OCI), Orascom Hotels & Development and Orascom Technology Systems (OTS). OTH was established in late 1997 and since then has been chaired by Sawiris.
In early 2005 Sawiris founded Weather Investments (later called WIND Telecom) and led the leveraged buyout of a majority stake of Wind Telecommunications in Italy, taking over as its chairman. A year later, he led Weather Investments' acquisition of TIM Hellas in Greece and rea??branded it as Wind Hellas. In November 2006, Wind Telecommunications floated the largest ever PIK debt in Europe and used the proceeds to complete the buyout of Wind from ENEL, resulting in the Sawiris Family owning 98% of Weather.
In October 2010, VimpelCom Ltd., Russiaa??s second-largest mobile phone opera

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Naguib Sawiris Latest News

Global businesses operate in North Korea despite sanctions

Orascom Chairman Naguib Sawiris, who has U.S. citizenship, recently told The Wall Street Journal that the company is compliant with all U.N. resolutions and has no plans to leave North Korea. The Egyptian company has said it “has a ring-fencing process ...
Posted: January 15, 2018, 5:31 pm

What is Egyptian billionaire Naguib Sawiris’ advice for Pakistan economy

Naguib Sawiris, Egyptian billionaire and Chairman of Orascom Telecom Media and Technology Holding, has extended words of advise to Pakistan’s policymakers and businessmen. His company, Ora Developers, has partnered with Pakistani conglomerate, Saif Group ...
Posted: December 29, 2017, 12:58 am

Naguib Sawiris: 5 Fast Facts You Need to Know

Sawiris is ready to buy an island for hundreds of thousands of refugees. He’s looking at islands off of Greece or Italy, saying that there are dozens of deserted islands and plenty of space to give the 100,000 to 200,000 refugees a home, Yahoo!
Posted: September 6, 2015, 7:23 am
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