Nassef Sawiris — www.forbesmiddleeast.com
Nassef Sawiris
Egypt’s second-richest man recently said that he had put half of his $5.7bn net worth into gold with the belief that gold prices will rally further, reaching $1,800 per ounce from just above $1,300 now.
Coming from Egypt’s wealthiest family, his father, Onsi and brother Naguib are also billionaires. In 2015, Sawiris split Orascom Construction Industries into two entities: OCI and Orascom Construction. He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa.
Sawiris whose net worth is $6.8 billion has made a name for himself, by investing in the telecom sector in Egypt and in other markets in Bangladesh, Iraq, Pakistan, North Korea.
