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

Telecom Egypt : Sawiris’ OTMT sells Mena Cable stake to Telecom Egypt unit

Egyptian billionaire Naguib Sawiris' OTMT announced Monday an agreement to sell its stake in MENA Cable to Telecom Egypt’s subsidiary Egyptian International Submarine Cables Company (EISCC). EISCC signed a sale and purchase agreement worth $90 million ...
Posted: May 22, 2018, 5:00 am

This billionaire has put half his net worth into gold

Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He’s put half of his $5.7 billion net worth into gold. He said in an interview Monday that he believes gold ...
Posted: May 1, 2018, 9:19 pm

Egypt: Cartoon Prompts 'Contempt of Religion' Charges

Coptic Christian and telecom mogul Naguib Sawiris is facing charges of contempt of religion after tweeting a caricature of Mickey Mouse and Minnie Mouse in Islamic garb. “This is the first fair decision of the prosecution to send Naguib Sawiris to trial ...
Posted: June 9, 2018, 5:00 am
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