Sadek Elsewedy, President of Elsewedy Opportunities and you may co-maker away from Elsewedy Electronic, is one of the top traders on the Egyptian Exchange. Their twenty five.18 % stake in the Elsewedy Electronic has surged within the really worth from $378 million to the Summer 29, 2023, to help you $509.42 million. So it big improve obtains him a high condition among the wealthiest people on the EGX.

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Past boardrooms and balance sheets, all of these billionaires is creating Egypt’s personal landscaping. The fresh Sawiris Foundation fund knowledge and structure programs, because the Mansour loved ones invests in the entrepreneurship and you may economic empowerment. Their philanthropic perform put some other layer on their influence, intertwining money having societal obligation. 3rd, Mohamed Mansour was included with a lot of money estimated around $dos.5 billion and remained regular, remain by a number of ranks from the 1238th lay worldwide, as he is actually 1249th within the 2021.

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Nassef Sawiris’s mate is simply Sherine Sawiris, and you will with her he’s got five college students. Egypt hosts a few of the wealthiest someone into the the newest Africa plus the Middle eastern countries. Such billionaires have centered the cash because of this of the varied enterprises and you may possibilities. That have an internet value of $1.step three billion, Yassen Mansour is the sixth-richest individual in the Egypt. He’s the fresh vice-chairman of the Mansour Classification and also the holder away from GB Car, a keen Egyptian vehicle manufacturer.

He functions as the brand new chairman out of Orascom Innovation Holding, an excellent conglomerate that occurs tourist, a property, and you may infrastructure efforts. check here Holding a great 9.19-% share cherished during the $20.22 million, Mohamed Mahmoud is another person in the fresh popular Mahmoud family members which have extreme holdings in the MM Category. Hani Mahmoud, president and you will Chief executive officer out of MM Class, provides over 30 years out of commercial and you can production possibilities. Khaled Mahmoud, chairman from MM Category To have Industry And you can Global Change, prospects in the local electronic devices shipment and you will merchandising within the Egypt.

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When you’re its businesses manage work and you may desire foreign money, the money as well as sparks arguments in the inequality as well as the need for a lot more inclusive gains. Ahmed Elsewedy, a favorite businessman, provided the fresh organization of one’s very first private wire factory in the Egypt inside the 1986, transforming Arab Wires Co. on the a primary global merchant out of provided time options. Their twenty-five.16 percent stake inside the Elsewedy Electronic, a serious player among Eastern and you can North Africa’s electrical products production industry, has increased from $362.7 million to your June 31, 2023, in order to $509.02 million.

• He functions as the new chairman out of El Sewedy Electric, a conglomerate one makes electricity wiring and switchgear.
• However, their worldwide positions dropped out of 787th so you can 991st while the their online well worth as well as reduced away from $3.six billion so you can $3.step three billion.
• Ahmed Elsewedy, popular businessman, led the new organization of your earliest private cable factory inside Egypt inside the 1986, converting Arab Wires Co. on the a major international seller from included times possibilities.
• The girl proper information and you will world systems has somewhat resulted in the fresh company’s around the world progress since the joining inside 2021.
• It share, currently valued during the $351.94 million, reinforces his tall visibility in the area’s company landscaping.

Palm Hills, a subsidiary away from Mansour Class, manages a great 33-million-square-meter land-bank which have 38 biggest programs across Egypt. Below his management, the organization have reshaped metropolitan and you may resort teams, so it is one of many country’s really important designers. Youssef Mansour, co-manager of one’s Mansour Classification, prospects an individual products department, supervising Metro food markets and you may Egypt’s private L’Oréal distribution. The new conglomerate is even the only real distributor out of General Motors vehicle and you can Caterpillar gadgets in the multiple places. Which have an internet property value $step 1.step three billion based on Forbes, Mansour, which holds an engineering knowledge and you will an enthusiastic MBA, provides starred a vital role in the building Egypt’s motor vehicle and retail markets. Alongside their brothers Mohamed and you will Yasseen, he’s got assisted concrete Mansour Class while the a prominent force within the African business.

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On the third season consecutively, Lebanon and you will Egypt feel the higher level of billionaires regarding the part, which have half dozen and you may four. So it miracle number comes with Arab rulers with the exception of Lebanese PM Mikati and you will old boyfriend-Lebanese PM Saad El-Hariri which already are from filthy rich families having multiple-billion company empires.

In the worldwide billionaires ranking, Youssef Mansour dropped from a single,905th to 2,287th put since the his internet value decreased of $step one.5 billion so you can $step 1.step three billion inside the 2024. Considering Forbes, the newest fourth wealthiest Egyptian billionaire is actually Youssef Mansour, the new oldest sibling out of Mohamed Mansour. In the 2024, the guy decrease from the 14th to your 27th richest Arab and you will in the 13th to 16th invest the newest 2024 African millionaire listing. A small grouping of Indian tycoons remaining in the brand new UAE in addition to registered, as well as Renuka Jagtiani, the initial businesswoman to make the number. Nassef Onsi Sawiris are a billionaire business person plus the youngest away from Onsi Sawiris’ around three sons. As of June 2025, their web worth is actually estimated getting $9.six billion, making him the newest wealthiest son in the Egypt and the 4th wealthiest man inside the Africa, according to Forbes.