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Source:
عكس السير
Egypt's richest person hits $12.2B
Egyptian businessman Naguib Sawiris's wealth has risen to a record high of $12.2 billion, making him the first Egyptian billionaire to reach this figure. His wealth is mainly driven by his investments in the gold sector. Within just one month, his net worth increased by approximately $1.4 billion, placing him at 294th worldwide among the richest individuals, surpassing his brother Nassef Sawiris, whose wealth is estimated at $9.8 billion. Naguib's fortune heavily relies on his investments in the gold and mining sector through Orascom Holding, a company focused on acquiring and developing mining companies below their value before divesting, benefiting from recent gold price increases. This has expanded the gap between him and Nassef to about 100 places on the Bloomberg ranking, with his gold investments cementing Naguib's position as one of the largest individual investors in the sector globally.
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