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Egypt: Sawiris' net worth up $3.3bn in 2020, Forbes says

Nassef Sawiris, chief executive officer of Orascom Construction Industries, poses for a photograph after an interview in New York, US, on Wednesday, September 5, 2012 [Stephen Yang/Bloomberg via Getty Image]
Nassef Sawiris, chief executive officer of Orascom Construction Industries, poses for a photograph after an interview in New York, US, on Wednesday, September 5, 2012 [Stephen Yang/Bloomberg via Getty Image]

Prominent Egyptian businessman Nassef Sawiris' fortune has hit $8.3 billion, Forbes reported yesterday."It appears that Sawiris' fortune in 2020 amounted to $5 billion," Forbes said in its annual 'The World's Billionaires' report.

The business magazine added that the total fortune of Sawiris – whom it described as "a scion of Egypt's wealthiest family" – had jumped by around $3.3 billion during 2020 when global lockdown struck as a result of the coronavirus pandemic.

The report added that Sawiris had ranked "297 after he stood at 330 wealthiest men in the world in 2020." For the second consecutive year, he also ranked the second richest businessman in Africa.

READ: Egypt's billionaires call on country to return to work

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