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BY Abu Mubarik, 8:30am January 25, 2021,

Top 10 billionaires in Africa right now and how they made their money

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by Abu Mubarik, 8:30am January 25, 2021,
Top 10 billionaires in Africa right now and how they made their money
PHOTO BY STEPHEN YANG/BLOOMBERG

Nassef Sawiris

Nassef Sawiris is an investor and owns nearly 6% of renowned sportswear brand Adidas and he sits on the supervisory board of Adidas. He also has a 5% stake in New York-listed firm Madison Square Garden Sports, owner of the NBA Knicks and the NHL Rangers teams.

Nassef also runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange.

The Egyptian also has stakes in cement giant Lafarge Holcim and Orascom Construction, an engineering and building firm; trades on the Cairo exchange and Nasdaq Dubai.

Nassef ranks as the second richest person in Africa with a net worth of $8.5 billion.

Last Edited by:Mildred Europa Taylor Updated: January 25, 2021

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