Samih Sawiris

About Samih Sawiris

Birth Year: 1956
Birth Place: Egypt
Citizenship: Egypt Montenegro
Residence: Lucerne,Switzerland
Education: Technical University of Berlin

Samih Sawiris Net Worth

Samih Sawiris was bornon 1956 in Egypt. Samih Sawiris is the youngest son of Egyptian construction magnate Onsi Sawiris. He heads Orascom Development, which builds and operates resorts in Egypt, Montenegro, and Switzerland. The company's earnings were hard hit by the drop in tourism in Egypt that followed the political uprising in 2011, but have since rebounded, thanks to cost cutting, a spin-out of its construction business in Egypt, and the sale of assets. In January 2015, the company sold 15% of its subsidiary, Orascom Hotels & Development, on the Egyptian stock exchange. The company is counting on the new regime in Egypt to bring stability. Sawiris also owns nearly 10% of construction giant OCI N.V., which was founded by his father, Onsi, and is now run by his brother Nassef. Onsi, Nassef and brother Naguib are all billionaires.
Samih Sawiris is a member of Service

💰 Net worth: $1.05 Billion

2010 $1.5 Billion
2011 $1.4 Billion
2014 $1.3 Billion
2015 $1.05 Billion
2018 $1.05 Billion

Biography/Timeline

1980

Samih Sawiris received his Engineering Diploma in Engineering management from the Technical University of Berlin in 1980. He founded National Marine Boat Factory, followed by Orascom Projects for Touristic Development in 1996 and Orascom Hotels and Development in 1998; the latter two companies later merged to form Orascom Development Holding AG. He has served as CEO and chairman of Orascom Development Holding AG since its incorporation.

2011

In 2011 he took a 12.5% stake in Swiss football club FC Luzern.