Let’s learn all about Sawiris Family Net Worth in Middle East.
The Sawiris family is one of the most prominent and wealthiest families in the Middle East, with a net worth of approximately $7.5 billion. They are known for their successful business ventures and investments in various sectors, including telecommunications, construction, and real estate.
Who is Sawiris Family?
The Sawiris family is an Egyptian family that is well-known for its successful business ventures and philanthropic activities. The family is headed by patriarch Onsi Sawiris, who founded Orascom Construction Industries (OCI) in 1950. The family has since diversified its investments and currently has a significant presence in various sectors in Egypt and abroad.
How did the Sawiris Family become so rich?
The Sawiris family’s wealth can be traced back to the success of OCI, which is one of the largest construction companies in the Middle East. The company has been involved in several high-profile projects in Egypt, including the construction of the Aswan Dam and the Cairo International Airport. The family has since diversified its investments and currently has a significant presence in various sectors in Egypt and abroad.
In addition to their construction business, the Sawiris family has also made significant investments in telecommunications and media. They own the telecom company Orascom Telecom Holding (OTH) which operates in several countries including Algeria, Pakistan, and North Korea. The company also operates under the name Global Telecom Holding (GTH), which is listed on the Egyptian Stock Exchange.
Jumia Marketplace by Sawiris
The Sawiris family has also made investments in the technology sector, particularly in e-commerce platforms. One of their notable investments is in the online marketplace Jumia, which is known as the “Amazon of Africa.” They were one of the early investors in the company and it has since become a unicorn with a valuation of over $1 billion.
Furthermore, the Sawiris family has also invested in real estate and hospitality, with significant holdings in Egypt and Europe. They have developed several high-end resorts and hotels, such as the El Gouna Resort in Egypt and the La Vista Resort in Greece.
Through their diversified investments, the Sawiris family has been able to accumulate significant wealth over the years. Their ability to identify opportunities and invest strategically has allowed them to build a diversified portfolio and maintain their status as one of the wealthiest families in the Middle East.
Is Sawiris Family the richest family in the Middle East?
Forbes’ 2021 list of the richest people in the Arab world ranks the Sawiris family as the 5th wealthiest family, with a net worth of around $7.5 billion. The top 4 positions are held by the Al Sauds of Saudi Arabia, the Al Maktoums of Dubai, the Al Ghurairs of the UAE, and the Al Juffalis of Saudi Arabia. Despite not being the richest family, the Sawiris family still holds a prominent position among the wealthiest families in the Middle East.
Is Sawiris Family a billionaire?
Yes, the Sawiris family is a billionaire family, with a net worth of approximately $7.5 billion. Their wealth comes from their successful business ventures, particularly in the construction and telecommunications sectors.
What is the yearly income of the Sawiris family?
There is no specific information available about the Sawiris family’s yearly income. However, their net worth of approximately $7.5 billion indicates that they earn a significant amount of money from their investments and business ventures.
COVID Impact on Net Worth
It is important to note that the Sawiris family’s net worth can fluctuate from year to year depending on market conditions and the performance of their investments. For example, their net worth decreased by approximately $1 billion in 2020 due to the COVID-19 pandemic and its impact on the global economy.
Despite the lack of specific information on their yearly income, it is clear that the Sawiris family’s investments and business ventures generate substantial revenue. Their diversified portfolio of investments in various sectors, including construction, telecommunications, media, technology, real estate, and hospitality, provide a stable source of income for the family.
Wealthiest Family in Arab World
The Sawiris family’s net worth also places them among the wealthiest people in the Arab world. They are consistently listed among the top 10 wealthiest families in the region and are recognized for their contributions to the economy and society in Egypt and beyond.
In conclusion, while there is no exact information about the Sawiris family’s yearly income, their net worth and diversified investments suggest that they earn a substantial amount of money annually, making them one of the wealthiest families in the Middle East.
What are the investments of the Sawiris family?
The Sawiris family has investments in various sectors, including construction, real estate, telecommunications, and finance. Here is a list of some of their major investments and estimated net worth:
| Investment | Estimated Net Worth (in USD) |
|---|---|
| Orascom Construction | $4.7 billion |
| Orascom Investment Holding | $1.4 billion |
| Orascom Development Egypt | $158 million |
| Orascom TMT | $467 million |
| Ora Developers | $1 billion |
| Naeem Holding | $133 million |
Is the Sawiris family one of the richest families in the Middle East?
Yes, the Sawiris family is one of the richest families in the Middle East, with a net worth of approximately $7.5 billion. They are among the top 5 wealthiest families in the Arab world, as per Forbes’ 2021 list of the richest people in the region.
Conclusion
The Sawiris family is one of the most prominent and wealthy families in the Middle East, with a net worth of approximately $7.5 billion. Their success can be attributed to their successful business ventures and investments in various sectors, particularly in construction and telecommunications. While they are not the richest family in the Middle East, they are among the wealthiest and have made a significant contribution to the region’s economic growth and development.
