NASSEF SAWIRIS
Nassef Onsi Sawiris was born on Jan. 19, 1961, in Cairo, Egypt. Egypt's richest man controls 30% of OCI, a fertilizer company situated in Geleen, Netherlands, which was founded after a demerger from his family's original firm, Orascom Construction. His other holdings include a 6% investment in Adidas and a stake in LafargeHolcim, the world's largest cement firm.
A share in Adidas, the shoe and sports equipment maker, is Sawiris' most valuable asset. According to the business's 2020 annual report, he controls 6% of the voting rights of the Herzogenaurach, Germany-based corporation through Cayman Islands-based Elian Corporate Trustee.
According to estimates, the billionaire owns around 0.3 percent of Lafarge Holcim stock. In July 2015, the firm was formed by the combination of Lafarge and Holcim. He bought his first interest in Lafarge in January 2008, after selling Orascom Construction's cement sector to the firm for $12.8 billion. Nassef Sawiris bought the Egyptian Fertilizer Company and joined the fertilizer sector. Through organic growth and acquisitions, Orascom's fertilizer unit expanded to become the world's third-largest nitrogen-based fertilizer manufacturer. As all the facts mentioned, his huge pile of assets makes him appear on this list of the richest people in Africa.
Net worth: $8.6 billion
Industry: Construction and engineering
Country: Egypt
