Naguib Sawiris Surpasses His Brother: Egypt's New Richest Man

In a significant shift in the Middle East wealth hierarchy, Naguib Sawiris has become the richest person in Egypt, surpassing his younger brother Nassef Sawiris, who had held this position for years. The businessman, known for his prominent career in the telecommunications sector, has solidified his financial dominance through rapid wealth growth in the first months of 2026.

Naguib Sawiris’s Rapid Growth in 2026

According to the Bloomberg Billionaires Index, Naguib Sawiris’s net worth has experienced substantial growth since the beginning of the year, increasing by $2.3 billion. This figure contrasts sharply with his brother Nassef’s wealth, which has grown by only $413 million, reaching a total of $9.1 billion. This difference in growth rates has been decisive in shifting the hierarchy between the two business magnates.

Wealth Comparison: Recent Changes in Both Brothers’ Fortunes

Last week, the trajectories of the two billionaires took different directions. Naguib Sawiris saw his net worth increase by $42 million, cementing his new position as the wealthiest entrepreneur in the country. During the same period, Nassef Sawiris’s fortune decreased by approximately $47 million, further widening the gap between the brothers.

This ranking change reflects not only the volatility of the markets where these entrepreneurs operate but also Naguib Sawiris’s ability to maintain a resilient investment strategy that has allowed him to strengthen his financial leadership in the region.