He is Egyptian by natinoanliy. (May 14, 2019)— The University of Chicago Booth School of Business received a $6 million grant from University of Chicago Trustee Nassef Sawiris, AB ’82, and the Sawiris Foundation for Social Development, to create a first-of-its kind, custom-designed Executive Education program in El Gouna, Egypt. He is the youngest of three sons born to Yousiriyya and Onsi Sawiris. He is the youngest of Onsi Sawiris’ three sons. Your email address will not be published. See Also: How This Nigerian Tech Entrepreneur Built A Multi-Million Naira Web Development Company With Less Than One Million Naira. Orascom Construction Industries is one of the leading procurement, construction and engineering contracting companies in Egypt. Naseef Sawiris is a true example of not just a person who can sustainably grow generational wealth, but of an entrepreneur who’s tenacity, purpose, perseverance, akin response to opportunities, and drive can build something great out of anything he sets his sight and mind on. This corporation is operational in several industries in Egypt, including tourism, telecommunications, construction, science & technology, etc. Currently, he plans to split his company’s construction and fertilizer divisions into two different publicly traded enterprises. Nassef Sawiris is the chairman of Orascom Construction Industries (OCI S. A. E.) and the chief executive officer of OCI N.V., one of the world’s largest nitrogen fertilizer producers. Nassef Sawiris and Wes Edens (Image: (Photo by Stu Forster/Getty Images)). He is the son of Onsi Sawiris who established the Orascom Group. This is the guiding principle of the most successful people in the world... How the Son Of A Nigerian Industrialist Took His Father’s Company To Far Greater HeightsTweetEmail TweetEmailIntelligent people surround themselves with similar or more intelligent people. Nassef Sawiris received his secondary education from the Deutsche Evangelische Oberschule Kairo. since January 25, 2013. But other times, a large percentage of them squander the entire family fortune and end up worse than the average individual. See Nassef Onsi Naguib Sawiris's compensation, career history, education, & memberships. It is operational in over 25 countries across the globe, including Pakistan, North Korea, Spain, northern Iraq, Algeria, Turkey and Egypt. Nassef Onsi Sawiris was born on January 19, 1961, in Cairo, Egypt. All Rights Reserved © 2020 Orascom Construction. But is it really easier for kids of millionaires and billionaires? Naseef Sawiris said at the time of the announcement that the move was intended to facilitate future sector consolidation, mitigate Egypt country risk and help lower borrowing costs. He is responsible for constructing the Nile City Towers in Egypt, which is a pair of 32 floors commercial buildings, implementing EIB/KNX system of Building Management.Nassef has 4 children and resides in Cairo. Nassef Sawiris net worth is $8 billion. This is the success story of Naseef Sawiris, the chairman of Orascom Construction, born into a millionaire family, but went on with his brothers to build their family wealth into a multi-billion dollar conglomerate. Notify me of follow-up comments by email. Today, he is the board member of NASDAQ Dubai, Besix in Belgium, and NNS Holding in Luxembourg. The Sawiris Foundation for Social Development is the first of … In January 2013, a consortium of investors led by Microsoft’s co-founder, Bill Gates, invested $1 billion in Orascom Construction Industries to help the Sawiris family transfer the company’s listing from the Cairo Stock Exchange to NYSE Euronext Amsterdam. Nassef has 6 jobs listed on their profile. ONTV was “the dagger, the sword” against the religious agenda of the sect. After graduating from college, Naseef Sawiris rejoined his father and two older brothers at OCI (Orascom Construction Industries), which by that time had diversified into communications and real estate. Nassef Sawiris Net Worth 2019 – $7.9 Nassef Onsi Nagib Sawiris is an eminent Egyptian business person. The Onsi Sawiris Scholars Program provides grants to academically talented students from Egypt to earn bachelor’s degrees from UChicago. 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He was a … He belongs to one of the wealthiest families of Egypt. Nassef Sawiris is an investor and a scion of Egypt's wealthiest family. Egypt’s famed billionaire Nassef Sawiris along with the Sawiris Foundation gifted the University of Chicago Booth School of Business a grant worth US$6 million to launch the first custom-designed Executive Education program in El Gouna, according to the University of Chicago, a prestigious US school. Nassef Sawiris is the Chief Executive Officer of OCI N.V since 16 January 2013. The University of Chicago Booth School of Business received a $6-million grant from University of Chicago Trustee Nassef Sawiris, AB ’82 and the Sawiris Foundation for Social Development, to create a first-of-its kind, custom-designed Executive Education program in El Gouna, Egypt. Sometimes the children of successful entrepreneurs make the most of their parents wealth since they were raised in an entrepreneurial household. Born in 1961, Nassef showed interest in his father’s business from his early childhood. With our highly in-depth world-class MBA Standard professional bank and investor-ready business plan & feasibility study report writing service, you can finally have the best chance of getting the finance you need for your business to succeed! Nassef Sawiris Sawiris, the youngest of Onsi Sawiris sons ― Naguib and Samih ― moved up from the fourth spot in 2019 to the second spot in 2021 with a 13.3 per cent increase in his wealth. Nassef Sawiris was born in 1961. The grant is part of a larger gift to the University to support education in Egypt. [citation needed] Education. Naseef Sawiris attended high school at the German International School of Cairo and went to college in the U.S. and, in 1982, graduated with a degree in economics from the University of Chicago. The source of his wealth is construction and chemicals. When they do this, they have more productive thoughts, ideas and solutions which go on to yield better... How The Son Of A Nigerian Micro-Scale Chemist Built A Multi-Million Dollar BusinessTweetEmail TweetEmailA few people are born into wealth and many others have had to work hard to attain it. The claim was rooted in a 2007 stock exchange transaction until then recognised by the authorities as tax-exempt. Nassef Onsi Sawiris is an Egyptian businessman and billionaire the youngest of the three sons of Onsi Sawiris, the other two being Naguib Sawiris and Samih Sawiris. Nassef Sawiris net … Naguib Sawiris is a scion of Egypt’s wealthiest family. Egypt confirms 3-year sentence for Nassef Sawiris His company is accused of failing to pay £14b in taxes on the 2007 sale of Orascom Building Published: September 16, 2014 12:17 Reuters Our mission is to support sustainable development solutions in order to alleviate poverty and social and economic exclusion, as well as provide equitably education opportunities for … This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Nassef Sawiris. BA in Economics. He joined the Orascom Group in 1982, became the Chief Executive Officer of OCI N.V.’s predecessor, Orascom Construction Industries (OCI S.A.E.) The partnership gave rise to the largest producer and exporter of nitrogen fertilizer in the MENA region. OCI S. A. E., which is an engineering and building firm, trades on the Cairo stock exchange and Nasdaq Dubai. In 2011, it had been announced that the business has programs of splitting … Nassef Sawiris holds stakes in Lafarge Holcim and Adidas. That same year, he entered the fertilizer business with the purchase of Egyptian Fertilizer Company. Nassef Onsi Naguib Sawiris is Co-Chairman at Oci NV. Egyptian businessman Nassef Sawiris did that and more. His television channel, ONTV, and the political party he founded and still bankrolls, the Free Egyptians, were at the forefront of efforts to mobilise against the elected Islamist president, Mohamed Morsi, who was removed by the military in July 2013 on the back of huge protests against his rule. His father, the son of a lawyer founded a construction company in 1950. with a Masters in Technical Administration from the Swiss Federal Institute of Technology Zurich (ETH Zürich) and a Diploma from the German Evangelical School, Cairo, Egypt. By the end of the decade, the company had split into three separate entities: Orascom Telecom, helmed by the oldest brother Naguib; Orascom Hotels and Development, headed by the middle brother Samih; and Orascom Construction, now led by Nassef. Nassef Sawiris Net Worth: $5.67 Billion Biography of Nassef Onsi Sawiris Since 1990, Nassef Sawiris takes charge the supervision of the construction activities of Orascom, and in 1998, he became the Chief Executive Officer of the Orascom Construction Industries which was founded by his father Onsi. Carrying forward a business empire is not an easy responsibility as perceived by many. See Also: How This Nigerian Fashion Entrepreneur Built A Multi-Million Dollar Conglomerate. A zine about Nassef Sawiris, with news, pictures, and articles. in 1998 and was also appointed Chairman of OCI S.A.E. Nassef also joined hands with the EBX Group of Eike Batista, a billionaire from Brazil, to construct a plant for nitrogen fertilizer in Brazil. Not much is known about Sherine because she keeps quite a low profile. at Egypt. Your email address will not be published. See Also: How A Former Nigerian Teacher Built A Billion Dollar Business. Required fields are marked *. The share of OCI NV is 58 per cent, while the rest is held by ADNOC. Whether you’re born rich or poor, you can take whatever you have and build it to something of value. It has plants in Texas and Iowa and trades on the Euronext Amsterdam exchange, as indicated by Forbes. Egyptian engineering, procurement and construction company Orascom Construction Industries (OCI) has released an official statement announcing that the imprisonment verdict handed down by an Egyptian Court to its billionaire chief Nassef Sawiris has been “suspended and rendered unenforceable,” according to Al Bawaba.. Sawiris Scholars Exchange Program. Career. He is Businessmen (Egyptian Businessman) by profession. Nassef Sawiris received his secondary education from the Deutsche Evangelische Oberschule Kairo. It is operational in over 25 countries across the globe, including Pakistan, North Korea, Spain, northern Iraq, Algeria, Turkey and Egypt. FORBES reports that between March and July of 2019, the fortune of this billionaire, Nassef Sawiris rose by $1.5 billion to become $7.9 billion as Aston Villa which Nassef co-owns achieved victory to compete in the next edition of the Premier League and a partnership deal between OCI NV and ADNOC was concluded. His father, the son of a lawyer founded a construction company in 1950. Sawiris Scholars 2018-19 with Dean John Boyer and Assistant Dean Dina Rashed. Nassef Onsi Sawiris was born on January 19, 1961, in Cairo, Egypt. And by the time Nassef was eight years old, it had become one of Egypt’s largest contractors, building roads and waterways along Egypt’s upper Nile region. Sherine Sawiris and Her Husband, Nassef Sawiris. Together, they have four children and live in London. | Developed By PulseMaker PulseMaker The governor of Iowa, Terry Branstad, said that it is the biggest investment anyone has ever made in the state. Entrepreneurship sounds like a solution to great wealth for billions of people, but only a few dare to try. The grants cover tuition, travel, living expenses, and enrichment initiatives. See Also: How A Former Nigerian Taxi Driver Made Over $9 Billion Dollars. The opposition of his older brother and business partner to the Islamists during the rule of Mr Morsi brought on his family the wrath of the then government. Education. This has been the mantra of success for millions of... How A Former Nigerian Public Servant Built a Successful Business CareerTweetEmail TweetEmailTo excel in any field in life, nothing short of your best efforts are required. It is one of the primary companies in the Orascom Group of his father, and produces a capacity of around 21 million tones every year.The company is a leading construction contractor and producer of fertilizer, and is one of the biggest corporations across Europe, North America, North Africa and the Middle East. Frustrated at being reduced to just an employee at his own company, Onsi, Naseef Sawiris’ father, moved to Libya, where he built a new general contracting company, from scratch. For the year 2019, Nassef Sawiris ranks 252nd in the world’s richest list and fourth in Africa. He also serves as the director of Lafarge. The annual production is estimated at 5 tons of urea and 1.5 tons of ammonia. In March 2013 Nassef — a tycoon in his own right and the chairman of Orascom Construction Industries, a global construction and fertiliser conglomerate —got a fair share of the heat as he was slapped with a tax bill and fines of almost $2bn. His brother Naguib is also well-known as a billionaire. Nassef currently serves as the chief executive for Orascom Construction Industries, and is responsible for taking care of the construction projects of the company. Nassef Sawiris carries quite a reputation as an enterprising leader. He also maintains a residential property in New York City. The company, renamed OCI, started trading in Amsterdam on Jan. 25, 2013. He is one of the richest persons in Egypt. Egypt’s famed billionaire Nassef Sawiris along with the Sawiris Foundation gifted the University of Chicago Booth School of Business a grant worth US$6 million to launch the first custom-designed Executive Education program in El Gouna, according to the University of Chicago, a prestigious US school. Its fertilizer group is an operator and strategic owner of nitrogen fertilizer plants of Egypt, US, Algeria and Netherlands.Out of his two other entreprenural brothers Naguib and Samih, Nassef turns out to be the front running face of OCI. Nassef Sawiris company Nassef Sawiris info Nassef Sawiris more Nassef Sawiris bio Nassef Sawiris read: I have done this site especially for Nassef Sawiris in order to visit crazybillionaire.org Nassef Sawiris, an Egyptian citizen, received his secondary education … Nassef Sawiris real name is Nassef Onsi Sawiris. Nassef Sawiris carries quite a reputation as an enterprising leader. Small business ideas, business plans, & tips for African entrepreneurs to start, run, & grow successful businesses. Nassef Sawiris was born into a wealthy family in Cairo, Egypt and is the youngest of three sons born to Yousiriyya and Onsi Sawiris in 1961. Two years later, OCI spun off its construction business into a separate company and dual-listed on the Dubai and Cairo stock exchanges. Ghada Sawiris was there at the beginning, long before Naguib became a larger-than-life icon of wealth and business wisdom. For a few years between 2004 and 2007, he served as a board of director for Cairo and Alexandria stock exchanges.Under his leadership, Orascom Construction Industries has become one of the most reputed publicly traded companies in Egypt. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Sawiris Scholars Program was launched in 2007 with a donation of $26 million from Nassef Sawiris and named in honour of his father. Nassef Sawiris of Egypt is the new number two richest, worth $8 billion—up from $6.3 billion last year. He is a member of the supervisory board of the latter. With his massive efforts and entrepreneurial skills, he has become one of the most known personalities and the wealthiest entrepreneurs in Egypt. How A Nigerian Academic Scholar Set The Pace Of TV/Radio Media In Africa And Built A Multi-Million Dollar Conglomerate In The ProcessTweetEmail TweetEmail  It is easier to be successful when you can solve a problem a lot of people face. As CEO, he focused on expanding the business abroad and into a new sector; cement and building materials; a division he sold to Lafarge in 2008 for $12.8 billion. Orascom may be the most effective publicly traded organization in Egypt, and in addition has huge holdings in the usa and Brazil. Nassef Onsi Nagib Sawiris is an Egyptian businessperson who founded Nile Holding Investments and who has been at the helm of 11 different companies. The rest of the amount is used to fund a recent non-degree certificate executive education program in El Gourna at the University of Chicago Booth School of Business. Youngest son of Onsi Sawiris, an Egyptian businessman who founded Orascom conglomerate in 1950, Nassef now leads the reins. Orascom Construction Industries is one of the leading procurement, construction and engineering contracting companies in Egypt. His father’s business was nationalized in 1961 by President Gamal Abdel Nasser and renamed El Nasr Civil Works Company. $5.9 Billion: Mr. Nassef Onssy Naguib Sawiris provides been the principle Executive Officer of OCI NV. Early Life And Education. Sawiris holds a diploma of Mechanical Engineering from Cairo University. He then continued at University of Chicago where he received a bachelor's degree in economics in 1982. See the complete profile on LinkedIn and discover Nassef’s connections and jobs at similar companies. Since 1982, he has held senior positions with several organizations. See Also: How A Former Uneducated Nigerian Village Boy Built A Multi-Million Dollar Oil Conglomerate. Brother Naguib Sawiris has a net worth of $2.9billion and is the more … He then continued at University of Chicago where he received a bachelor’s degree in economics in 1982. His most valuable asset is a nearly 6% stake in sportswear maker Adidas. Sherine Sawiris is the wife of Nassef Sawiris, the billionaire who is worth 5.7 billion USD. Professional Business Plans For Your Success, View startuptipsdaily’s profile on Facebook, View startuptipdaily’s profile on Twitter, View startuptipsdaily’s profile on Instagram, View 112684232616485826000’s profile on Google+, How The Son Of An Egyptian Construction Entrepreneur Built A Multi-Billion Dollar Fortune, Still Looking For Funds? The businessman has been a UChicago trustee since 2013. On the other hand, Aston Villa, of which Sawiris is a co-owner along with Wes Edens, won a decisive match in May to take part in the Premier League that kicked off in August. Dean Smith has lauded Aston Villa's owners Nassef Sawiris and Wes Edens following the club's imperious start after 14 games. Naguib had opposed the rule of the Muslim Brotherhood in Egypt and played an active role in its downfall. Nassef Sawiris received his secondary education from the Deutsche Evangelische Oberschule Kairo. Nassef Sawiris. Read Richest Women in Africa. In 1990, he started overseeing construction activities of the Orascom Corporation, and became the CEO of the Orascom Construction Industries in the year 1998. The Sawiris Foundation for Social Development is the first of … By the time Nassef turned eight years old, his father’s (Onsi) construction company became one of Egypt’s largest contractors, building roads and waterways along Egypt’s upper Nile region. ASTON VILLA co-owner Nassef Sawiris’s personal wealth has plunged by an eye-watering £481million in the past year, according to Forbes’ latest figures. Success Story Of Naseef Sawiris – Chairman Of Orascom Construction. Recently, Nassef announced investment plans worth $1.4 billion in the construction of a nitrogen fertilizer plant, with an aim of supplying to the cornbelt farmers in Iowa. But while this happens everyday, being born with or without... How A Former Civil Servant Built Successful Multi-Million Dollar BusinessesTweetEmail TweetEmailPreparation, hard work, a willingness to learn, and a desire to grow the right way is a key prerequisite for success. His father Onsi and brother Nassef are also billionaires. 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