Nassef SawirisNet Worth, Age, Family & Biography $7.2 B Real Time Net Worth #327 in the world today

Avan Parvadiya — Mon, 29 May 2023 12:33:44 +0000

About Nassef Sawiris

Nassef Onsi Sawiris is an Egyptian very rich personal money manager and the most youthful of Onsi Sawiris’ three children. Egypt’s richest individual owns 39% of OCI, a fertiliser manufacturer based in Geleen, Netherlands, which was established as a result of a merger with the original business of the family, Orascom Construction.

Aston villa majority owners Nassef Sawiris and Wes Edens

Nassef Sawiris Career

Nassef Onsi Sawiris was the youngest of three sons born to Yousiriyya and Onsi Sawiris on January 19, 1961, in Cairo, Egypt. In 1950, his father, a lawyer’s son, had established a construction company. President Gamal Abdel Nasser nationalised the company in 1961, changing its name to El Nasr Civil Works Company. Onsi moved to Libya to start a new general contracting business after becoming dissatisfied with being made an employee at his own company.

Egypt-Libya relations soured after the Camp David Accords were signed, and Sawiris returned to Egypt to take over the family business. Orascom Construction Industries is the brand-new company that Onsi established. By the middle of the 1990s, Orascom had become one of the largest private builders in Egypt thanks to partnerships with international businesses working on local projects.

He bought the Egyptian Fertilizer Company in the same year to get into the fertiliser industry. Through the extension of its own tasks and acquisitions, Orascom’s compost activity developed to turn into the world’s third-biggest nitrogen-based manure maker.

Nassef Sawiris Facts

The Portuguese Primeira Liga team Vitoria S.C. was acquired by V Sports in February 2023 for €5 million, and the agreement stipulated that V Sports would provide a credit line of up to €20 million and invest an additional €2 million into sporting infrastructure within the next two years.

Steve Bruce manger of Aston Villa talks to Wes Edens and Nassef Sawiris before the Sky Bet Championship match between Aston Villa and Reading at Villa Park on August 25, 2018 in Birmingham, England.