Samih Sawiris’s profile picture

Samih Sawiris

Samih Sawiris’s profile picture
Net worth 2018: $1.05 Billion
Industry: Service
Country: Egypt
BirthDay: 1956
Education: Bachelor of Arts / Science, Technical University of Berlin
BIOGRAPHY

Samih Sawiris was bornon 1956 in Egypt. Samih Sawiris is the youngest son of Egyptian construction magnate Onsi Sawiris. He heads Orascom Development, which builds and operates resorts in Egypt, Montenegro, and Switzerland. The company's earnings were hard hit by the drop in tourism in Egypt that followed the political uprising in 2011, but have since rebounded, thanks to cost cutting, a spin-out of its construction business in Egypt, and the sale of assets. In January 2015, the company sold 15% of its subsidiary, Orascom Hotels & Development, on the Egyptian stock exchange. The company is counting on the new regime in Egypt to bring stability. Sawiris also owns nearly 10% of construction giant OCI N.V., which was founded by his father, Onsi, and is now run by his brother Nassef. Onsi, Nassef and brother Naguib are all billionaires.

NET WORTH STATISTIC
2010

$1.5 Billion

2011

$1.4 Billion

2014

$1.3 Billion

2015

$1.05 Billion

2018

$1.05 Billion

TIMELINE
1996

He founded National Marine Boat Factory, followed by Orascom Projects for Touristic Development in 1996 and Orascom Hotels and Development in 1998; the latter two companies later merged to form Orascom Development Holding AG

1987

4 billion, making him the 879th richest person in the world

1980

Samih Sawiris received his Engineering Diploma in Engineering management from the Technical University of Berlin in 1980

1957

Samih Onsi Sawiris (Coptic: Ⲥⲁⲙⲓϩ Ⲟⲩⲛⲥⲓ Ⲥⲉⲩⲏⲣⲟⲥ, Arabic: سميح أنسي ساويرس‎; born in 1957) is an Egyptian-Montenegrin businessman and billionaire and second of three sons of Onsi Sawiris, the other two being Naguib Sawiris and Nassef Sawiris

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