Rich List

Top 8 Richest People in Egypt

4) Youssef Mansour – $2.9 Billion

Youssef Mansour keeps a lower profile than his billionaire brothers Mohamed and Yasseen. Each of the brothers owns a stake in Mansour Group, a conglomerate that derives the bulk of its value from its Caterpillar dealerships in Russia and several African countries. While Mohamed oversees Caterpillar and the group’s General Motors dealerships in Egypt and Iraq, Youssef is in charge of the consumer goods division, which include the Metro supermarket chain; Egypt’s largest, as well as tobacco brands, and all the 81 McDonald’s restaurants franchise in Egypt.

3) Naguib Sawiris – $3.1 Billion

Naguib Sawiris returned as the CEO of his company – Orascom Telecom Media & Technology (OTMT) in October 2014, sending shares up by more than 7% with the previous CEO resigning for personal reasons.

Sawiris, who had held the post of executive chairman, is expected to lead a “new take-off” by devising a growth strategy for a company whose stock has languished. OTMT has investments in mobile telephony, media and technology companies in Egypt, Lebanon and Pakistan. It also operates Koryolink – North Korea’s only 3G mobile telecom company. Along with his brother, Nassef has pledged lots of investments in Egypt following the ouster of former President Mohamed Morsi.

Naguib Sawiris

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