Egypt’s billionaire class remains tightly concentrated in a small circle of powerful industrial and family-controlled conglomerates, with wealth anchored in construction, fertilizers, telecoms, real estate, and diversified trade.

As Egypt, the Arab world’s most populous nation, navigates economic reforms, inflationary pressures, and shifting global trade dynamics, these business titans remain central to its financial landscape.

At the top of this elite class are figures like Nassef Sawiris with a fortune of approximately $10 billion, Naguib Sawiris, his brother with $5.6 billion in wealth, the $4 billion-rich Mohamed Mansour, and Youssef Mansour, whose fortunes rest on a mix of generational wealth, calculated investments, and a sharp understanding of evolving markets.

The Sawiris family built an empire that reshaped Egypt’s infrastructure, while the Mansours expanded their reach into automotive, retail, and finance, reflecting the country’s shifting economic priorities. Their fortunes, and those of their peers, stand as both a testament to Egypt’s business resilience and a marker of the stark wealth gaps that persist.

These business tycoons dominate key industries. Nassef and Naguib Sawiris’ global investments in construction, real estate, mining, telecommunications and sports position Egypt on the world stage, while Mohamed Mansour’s diversified conglomerate fuels trade and logistics across the continent. Yasseen Mansour’s high-end real estate ventures mirror Egypt’s push into luxury property markets. While their businesses create jobs and attract foreign capital, their wealth also sparks debates about inequality and the need for more inclusive growth. As Egypt charts its economic future, these ten businessmen remain at its core.

In this report, Shore Africa profiles the country’s richest and most powerful business figures, critically delving into how their fortunes, decisions, and global ambitions are shaping Egypt’s economy today, ranking as the second-largest economy in Africa by nominal GDP and the largest economy by Purchasing Power Parity.

1. Nassef Sawiris
Sectors: Investments, Sports, and Construction
Net Worth: $9.7 billion
Nassef Sawiris, Egypt’s richest individual, has built a vast portfolio spanning chemicals, sports, and infrastructure. With a net worth of $9.7 billion according to Forbes, he holds a 38.8% stake in OCI N.V., one of the world’s leading nitrogen fertilizer producers. He is the largest individual shareholder in Adidas with a 6% stake. His influence extends into sports through V Sports, co-owning Aston Villa in England and Vitoria Sport Clube in Portugal. In December 2020, he further expanded his reach with a 5% stake in Madison Square Garden Sports, which owns teams like the New York Knicks and New York Rangers. Sawiris’ investments also span Orascom Construction, Arkema S.A., and other global enterprises, reinforcing his standing across multiple industries.

2. Naguib Sawiris
Sectors: Telecommunications, Mining, and Investments
Net Worth: $5.6 billion
Naguib Sawiris, Egypt’s second-richest man, has left a lasting impact on telecommunications and gold mining. He boasts a fortune of $5.6 billion according to Forbes. He is the founder of Orascom Investment Holding, a key player with assets across North Africa and the Middle East. He also chairs La Mancha Holding, an investor in major gold producers like Endeavour Mining and Evolution Mining. His portfolio includes stakes in Orascom Construction, Gemini Global Development, and past ownership of Euronews. Beyond business, he remains a powerful figure in Africa’s investment landscape.

3. Mohamed Mansour
Sectors: Diversified Investments
Net Worth: $4 billion
Mohamed Mansour, an Egyptian billionaire with a $4 billion net worth according to Forbes, has been instrumental in expanding Mansour Group into a $6 billion global powerhouse. The conglomerate operates across automotive, retail, logistics, and financial services in Africa, the Middle East, and Europe. Through its London-based investment arm, Man Capital, Mansour has built stakes in industries from telecommunications to healthcare. He also oversees partnerships with Caterpillar, General Motors, and McDonald’s in Egypt. Outside business, he is a well-known philanthropist and political donor, further cementing his influence.

4. Youssef Mansour
Sectors: Consumer Goods & Automotive
Net Worth: $1.8 billion
Youssef Mansour, co-owner of the Mansour Group, leads the consumer goods division, overseeing Metro supermarkets and Egypt’s exclusive L’Oréal distribution. The conglomerate is also the sole distributor of General Motors vehicles and Caterpillar equipment in multiple countries. With a net worth of $1.8 billion according to Forbes, Mansour, who holds an engineering degree and an MBA, has played a crucial role in strengthening Egypt’s automotive and retail industries. Alongside his brothers Mohamed and Yasseen, he has helped cement Mansour Group as a dominant force in African business.

5. Yasseen Mansour
Sectors: Real Estate
Net Worth: $1.4 billion
Yasseen Mansour has been a driving force behind Egypt’s real estate boom. As chairman of Palm Hills Developments, he owns a 10.83% stake, anchoring a significant portion of his $1.4 billion fortune. Palm Hills, a subsidiary of Mansour Group, manages a 33-million-square-meter land bank with 38 major projects across Egypt. Under his leadership, the company has reshaped urban and resort communities, making it one of the country’s most influential developers.

6. Hisham Talaat Moustafa
Sectors: Real Estate and Hospitality
Net Worth: $1.65 billion (stake in TMG)
Hisham Talaat Moustafa, one of Egypt’s most influential real estate developers, leads Talaat Moustafa Group (TMG), a $6.4 billion powerhouse shaping the country’s urban landscape. Under his leadership, TMG has built landmark projects like Madinaty and Noor City and expanded into Saudi Arabia. Beyond real estate, he has invested heavily in hospitality, holding a 43.16 percent stake in TMG worth over $1.65 billion, and spearheading a $380 million expansion of the Four Seasons Resort Sharm El Sheikh. Committed to social impact, he supports education and community development through the TMG Foundation, solidifying his legacy as both a business leader and a force for Egypt’s growth.

7. Samih Sawiris
Sectors: Real Estate and Tourism
Net Worth: $1.4 billion
Samih Sawiris, the youngest son of Egyptian construction magnate Onsi Sawiris, is the force behind Orascom Development Holding (ODH), a Swiss-based real estate and tourism empire. His developments have transformed Egypt, Montenegro, and Switzerland with luxury resort towns. Despite setbacks after Egypt’s 2011 political unrest, Sawiris guided ODH through cost-cutting, asset sales, and restructuring. He also owns a 10% stake in OCI N.V., the construction giant founded by his father. His projects continue to shape Egypt’s real estate and tourism appeal on a global scale.

8. Ahmed Ezz
Sectors: Steel, Manufacturing, and Trading
Net Worth: $907 million
Ahmed Ezz is Egypt’s steel magnate, controlling Ezz Steel, North Africa’s largest independent steel producer. His 61.56% stake in the company, equivalent to more than 333.86 million shares and worth over $907.12 million. Under his leadership, Ezz Steel has grown into a global player, exporting long and flat steel products worldwide. His investments have strengthened Egypt’s manufacturing and steel export industries, making him a key figure in the Middle East’s business community.

9. Sadek El-Sewedy
Sectors: Energy and Electrical Equipment
Net Worth: $912 million (stake in Elsewedy Electric)
Sadek El-Sewedy, co-founder and chairman of Elsewedy Electric, owns a 24.99% stake, 534.98 million shares, in the company worth $912 million. Under his leadership, Elsewedy has expanded across Egypt, Saudi Arabia, and beyond, with projects in energy solutions, digital technologies, and power infrastructure. He has played a crucial role in Egypt’s industrial expansion, ensuring the family remains a key force in Africa’s energy sector.

10. Ahmed El-Sewedy
Net Worth: $910 million (stake in Elsewedy Electric)
Sectors: Electrical Equipment and Energy
Ahmed El-Sewedy, CEO of Elsewedy Electric, has played a pivotal role in turning the family business into one of MENA’s largest electrical equipment manufacturers. Under his leadership, the company has expanded its reach to over 110 countries, specializing in cables, transformers, and renewable energy solutions. Elsewedy Electric reported a modest 1.85% increase in net profit to EGP19.19 billion ($361 million) for the year ended Dec. 30, 2025, compared with EGP18.84 billion ($354.41 million) a year earlier. Revenue for the period rose 21.2% to EGP281 billion ($5.41 billion), underscoring continued top-line expansion across its cables, engineering, and energy-related businesses. Beyond leading the multinational giant, Ahmed El-Sewedy holds a nearly 25% stake valued at over $910 million. He is also deeply involved in sustainable energy, investing in solar and wind projects to drive the region’s shift toward greener solutions.