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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 JONATHAN RASHAD/GETTY IMAGES

Naguib Sawiris

Naguib Sawiris is the brother of Nassef Sawiris, the second richest person in Africa. He is worth $3.2 billion, according to Forbes. Naguib built his fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction.

The Egyptian is also chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others.

He owns 88% of pan-European pay TV and video news network Euronews through his Media Globe Holdings. He also developed a luxury resort called Silversands on the Caribbean island of Grenada, according to Forbes.

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

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