Forbes figures showed that the wealth of Egyptian businessman Nassef Sawiris reached $8.5 billion in April this year.
Forbes indicated that his fortune increased about $58 million within 24 hours after trading in the stock exchange.
The U.S. magazine indicated that Sawiris’s fortune increased about $3.5 billion during the coronavirus crisis, as his fortune in the magazine’s April 2020 list recorded $5 billion, compared to this month's report, which reported $8.5 billion.
The magazine added that Sawiris is an investor and descendant of Egypt's richest family, and his most valuable asset is about 6% of the shares of "Adidas" sportswear.
In December 2020, he acquired a 5% stake in , he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of the NBA Knicks and the NHL Rangers teams.
Ranked 297 in the world and second in Africa, the Egyptian billionaire graduated from the University of Chicago and donated $24.1 million in 2019 to help Egyptian students and fund an executive education program.
His brother Naguib fortune recorded $3.2 billion this month, jumping $200 million since 2020 to rank 956th in the list of the richest businessmen in the world and eighth in Africa.
Follow the latest news on Google News
