Onsi Sawiris’s profile picture

Onsi Sawiris

Onsi Sawiris’s profile picture
Net worth 2018: $1.04 Billion
Residence: Cairo, Egypt
Country: Egypt
Children: 3
BIOGRAPHY

Onsi Sawiris was born in Cairo, Egypt, Egypt. Onsi Sawiris is the patriarch of Egypt's wealthiest family. His sons Nassef and Naguib are also billionaires. He founded Orascom Construction in 1950. Gamal Abdel Nasser nationalized it 10 years later. Onsi rebuilt Orascom from scratch and transferred control to his son Nassef in 1995. He also owned shares in Orascom Telecom, which Naguib ran before selling it to VimpelCom in 2011.

NET WORTH STATISTIC
2009

$1.7 Billion

2010

$3.1 Billion

2011

$2.9 Billion

2012

$2.9 Billion

2013

$2 Billion

2014

$2.4 Billion

2015

$1.8 Billion

2017

$1.2 Billion

2018

$1.04 Billion

TIMELINE
Onsi Sawiris (also written Sawires, Coptic: Ⲟⲩⲛⲥⲓ Ⲥⲉⲩⲏⲣⲟⲥ, Arabic: أنسي ساويرس‎; born August 14, 1930) is an Egyptian businessman. He was estimated to be worth approximately $1.2 billion according to Forbes in 2017. He is the patriarchal head of the Sawiris Family.In his early business career, he was disenchanted with the socialist government of Egyptian president Gamal Abdel Nasser. He was prevented from leaving the country for six years in the 1960s. After a spell in Libya, he returned to Egypt during the more business-friendly regime of the following Egyptian president, Anwar Sadat. He and his three sons, all educated in Europe and the United States, resumed their activities in Egypt with full force over the past three decades under the government of Hosni Mubarak and its liberal business policies.He founded the Orascom conglomerate, whose various construction, telecommunications and tourism, science and technology and industry companies are run by his three sons, Naguib Sawiris, Nassef Sawiris, Samih Sawiris. Orascom is involved in tourism development, telecommunications, construction and other fields.
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