Egyptian billionaire shatters records as TMG hits $10 billion in 2024 sales
Egypt’s TMG Holding posts record $10 billion sales in 2024, a 253% surge, driven by expansion into Saudi Arabia and major North Coast projects.
Egyptian billionaire
Egypt’s second-richest man, Naguib Sawiris’ net worth soars past $7 billion
With his net worth now at $7.27 billion, Sawiris remains Egypt’s second-richest man, trailing his younger brother, Nassef Sawiris, who is worth $8.99 billion.
Egyptian billionaire Hisham Talaat Moustafa unveils $27 billion plan to rebuild Gaza
His plan focuses on housing, infrastructure, and international cooperation to address the crisis.
VC firm backed by Egyptian billionaire Mohamed Mansour closes $50 million fund for African startups
The funding marks a significant step in expanding tech investment across Africa, with a particular focus on Francophone regions and major startup hubs.
Egyptian billionaire Hisham Talaat Moustafa’s TMG stake dips below $1 billion
Even with this decline, Moustafa remains one of Egypt’s wealthiest individuals, backed by his significant holdings in TMG.
Egypt’s richest man loses $220 million in one week
Despite recent setback, Sawiris' wealth is up by $261 million YTD, driven by early 2025 gains and strong performance in his diverse portfolio.
Egyptian billionaire Sadek El-Sewedy's stake in electric giant nears $930 million
Sadek El-Sewedy’s stake in Elsewedy Electric has surged to nearly $930 million, reflecting strong investor confidence and stock price growth.
Egyptian billionaire’s group allocates $4.9 million for Ain Shams Medical City healthcare upgrades
This funding supported the launch of a fully upgraded Children’s Emergency Department and a modern Blood Transfusion and Chemotherapy Center.
Egypt’s richest man Nassef Sawiris sees Adidas stake climb to $3.3 billion
The rise in the market value of his stake in Adidas, from $3.1 billion to $3.35 billion, comes on the back of a strong rally in the company’s shares.
Egyptian billionaire Khamis family’s stake in Oriental Weavers tops $200 million
Since the start of 2025, their shares have increased by $13.32 million, bringing the market value to $200.36 million.
10 companies owned by Egyptian billionaire El-Sewedy family
The El-Sewedy family leads a diverse portfolio of energy, electrical, and infrastructure companies across the Middle East and Africa.
Egyptian billionaire Yasseen Mansour’s Palm Hills stake dips by $3.5 million
Mansour, one of Africa’s leading business leaders, holds a 10.83-percent stake in the Cairo-based real estate firm, equating to 318,574,726 shares.
Egypt’s richest person considers UK exit over tax changes under Labour Government
This potential move follows his earlier decision to relocate his family office to Abu Dhabi, the capital of the United Arab Emirates (UAE), in December 2023.
Mansour Group joins China’s SAIC Motor for $135-million Egyptian auto plant
The project, announced at a ceremony with Egypt’s Prime Minister Mostafa Madbouly, supports Egypt’s goal to localize vehicle production.
5 Egyptian businessmen-owned companies whose shares have more than doubled in 2024
These companies illustrate the resilience and adaptability of Egyptian businesses, driven by strong leadership and strategic initiatives.
Mohammed Elsewedy’s fortune up $293 million amid devaluation of Egyptian pound
This highlights his resilience in navigating one of Egypt’s most challenging economic years.