Four assets that make Egyptian billionaire, Nassef Sawiris richest man in Arab world read full article at

Nassef Sawiris, Egypt’s richest man, has built a diverse investment portfolio that includes stakes in valuable companies and sports franchises, in addition to his $2.18 billion war chest, which accounts for more than one-quarter of his wealth.

According to data tracked by Billionaires.Africa, the leading billionaire, who has earned a reputation as a savvy businessman, is worth $7.34 billion. His fortune places him not only as the richest man in Egypt but also as the richest man in North Africa and the Arab world.

The highly successful billionaire businessman, who was recently ousted from his position as the fourth-richest man in Africa by Nigerian cement tycoon Abdul Samad Rabiu, has amassed a significant portion of his wealth through his diverse portfolio of investments.

His diverse portfolio of investments includes substantial stakes in the globally renowned sportswear giant, Adidas, as well as industrial assets in Europe and interests in various football clubs and sports companies. 

OCI N.V., a leading global producer and distributor of nitrogen and methanol products, Arkema S.A., a publicly traded multinational manufacturer of specialty materials, and Madison Square Garden Sports Corp., a New York-based professional sports company, are among the companies owned by Nassef Sawiris.

These are his most valuable assets:

  1. OCI N.V

His stake in the nitrogen and methanol products producer is worth $2.44 billion

Sawiris’ fortune is largely derived from his 38.8 percent stake in OCI N.V., a leading global producer and distributor of nitrogen and methanol products based in the Netherlands. OCI shares were valued at €32.66 ($35.37) at the time of writing, giving the leading methanol products producer a market capitalization of €6.9 billion ($7.47 billion).

Sawiris’ stake in the publicly traded company specializing in the production of natural gas-based fertilizers and methanol is currently valued in the market at $2.44 billion.

  1. Adidas 

His stake in the sportswear company is worth $1.87 billion

Since revealing in 2015 that he had acquired a 6 percent stake in Adidas AG, one of the world’s largest sportswear manufacturers, Nassef Sawiris’ stake in the sportswear behemoth has been his most valuable asset, until April 2022, when his investment in OCI N.V. returned impressive returns and surpassed stakes in Adidas AG.

His 6 percent stake in Adidas, which makes him the largest individual shareholder in the Germany-based sports conglomerate, is currently valued at $1.87 billion.

  1. Arkema S.A

His stake in the multinational manufacturer is worth $413 million

Nassef Sawiris’ stake in Arkema S.A., a publicly traded multinational manufacturer whose products are used in a variety of industries such as construction, automotive, and electronics, is currently valued at $413 million, contributing significantly to his $7.34 billion net worth.

  1. Madison Square Garden Sports Corp

His stake in the New York-based sports company is worth $214 million

Nassef Sawiris made a strategic investment in Madison Square Garden Sports Corp. in 2020, a leading sports and entertainment company that operates New York City’s iconic Madison Square Garden arena.

Sawiris obtained a 5 percent stake in the publicly traded company through his holding company, NS Holdco. His stake in the professional sports company based in New York is currently worth $214 million.

What you should know

Nassef Sawiris also has a $135 million stake in English club Aston Villa as a co-owner in addition to these investments. In 2018, he invested in the club alongside American billionaire Wes Edens, and he helped the team gain promotion to the Premier League in 2019.

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About Omokolade Ajayi

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