Through the expansion of its own operations and acquisitions, Orascom’s fertilizer operation grew to become the world’s third-largest nitrogen-based fertilizer producer. Ghada Sawiris was there at the beginning, long before Naguib became a larger-than-life icon of wealth and business wisdom. The Sawiris Foundation for Social Development is the first of … Nassef Sawiris received his secondary education from the Deutsche Evangelische Oberschule Kairo. Nassef Onsi Sawiris was born on January 19, 1961, in Cairo, Egypt. Today, he is the board member of NASDAQ Dubai, Besix in Belgium, and NNS Holding in Luxembourg. since January 25, 2013. 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. Read Richest Women in Africa. BA in Economics. Nassef has 6 jobs listed on their profile. Nassef Sawiris is an investor and a scion of Egypt's wealthiest family. It is operational in over 25 countries across the globe, including Pakistan, North Korea, Spain, northern Iraq, Algeria, Turkey and Egypt. The company, renamed OCI, started trading in Amsterdam on Jan. 25, 2013. Nassef currently serves as the chief executive for Orascom Construction Industries, and is responsible for taking care of the construction projects of the company. Sawiris holds a diploma of Mechanical Engineering from Cairo University. Carrying forward a business empire is not an easy responsibility as perceived by many. 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. Notify me of follow-up comments by email. A travel ban was placed on the brother and on their father, Onsi, the former chairman of OCI, who were both out of the country at the time but could have been arrested had they returned. His father, the son of a lawyer founded a construction company in 1950. Nassef Sawiris net … See Also: How A Former Uneducated Nigerian Village Boy Built A Multi-Million Dollar Oil Conglomerate. Early Life And Education. 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.) 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. His father, the son of a lawyer founded a construction company in 1950. 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. OCI S. A. E., which is an engineering and building firm, trades on the Cairo stock exchange and Nasdaq Dubai. 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. 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 grants cover tuition, travel, living expenses, and enrichment initiatives. Nassef Sawiris net worth is $8 billion. He also serves as the director of Lafarge. The annual production is estimated at 5 tons of urea and 1.5 tons of ammonia. See Also: How A Former Nigerian Taxi Driver Made Over $9 Billion Dollars. 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. Two years later, OCI spun off its construction business into a separate company and dual-listed on the Dubai and Cairo stock exchanges. 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. 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. Born in 1961, Nassef showed interest in his father’s business from his early childhood. Required fields are marked *. Nassef Sawiris Net Worth 2019 – $7.9 Nassef Onsi Nagib Sawiris is an eminent Egyptian business person. The businessman has been a UChicago trustee since 2013. Then he continued at University of Chicago where he received a bachelor’s degree in economics in 1982. in 1998 and was also appointed Chairman of OCI S.A.E. ONTV was “the dagger, the sword” against the religious agenda of the sect. He is the youngest of three sons born to Yousiriyya and Onsi Sawiris. Nassef Sawiris real name is Nassef Onsi Sawiris. (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. 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. But is it really easier for kids of millionaires and billionaires? 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Orascom Construction Industries is one of the leading procurement, construction and engineering contracting companies in Egypt. In 2011, it had been announced that the business has programs of splitting … He then continued at University of Chicago where he received a bachelor’s degree in economics in 1982. The company also said that the lawsuit came as a challenge … 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 He also has significant stakes in Lafarge and the Texas Industries. The Sawiris Scholars Program was launched in 2007 with a donation of $26 million from Nassef Sawiris and named in honour of his father. Entrepreneurship sounds like a solution to great wealth for billions of people, but only a few dare to try. The grant is part of a larger gift to the University to support education in Egypt. Nassef Sawiris holds stakes in Lafarge Holcim and Adidas. 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. 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. View Nassef Sawiris’ profile on LinkedIn, the world’s largest professional community. With his massive efforts and entrepreneurial skills, he has become one of the most known personalities and the wealthiest entrepreneurs in Egypt. 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. He is a member of the supervisory board of the latter. In 1990, he started overseeing construction activities of the Orascom Corporation, and became the CEO of the Orascom Construction Industries in the year 1998. Success Story Of Naseef Sawiris – Chairman Of Orascom Construction. Nassef Sawiris of Egypt is the new number two richest, worth $8 billion—up from $6.3 billion last year. He then continued at University of Chicago where he received a bachelor's degree in economics in 1982. 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.. Youngest son of Onsi Sawiris, an Egyptian businessman who founded Orascom conglomerate in 1950, Nassef now leads the reins. Brother Naguib Sawiris has a net worth of $2.9billion and is the more … Orascom Construction Industries is one of the leading procurement, construction and engineering contracting companies in Egypt. The boss spent £75 … He also maintains a residential property in New York City. Nassef Sawiris was born in 1961. It has plants in Texas and Iowa and trades on the Euronext Amsterdam exchange, as indicated by Forbes. 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. See Also: How This Nigerian Tech Entrepreneur Built A Multi-Million Naira Web Development Company With Less Than One Million Naira. | Developed By PulseMaker PulseMaker Naguib Sawiris is a scion of Egypt’s wealthiest family. 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. Nassef Sawiris received his secondary education in the German International School of Cairo, Egypt. It is operational in over 25 countries across the globe, including Pakistan, North Korea, Spain, northern Iraq, Algeria, Turkey and Egypt. Nassef Sawiris and Wes Edens (Image: (Photo by Stu Forster/Getty Images)). $5.9 Billion: Mr. Nassef Onssy Naguib Sawiris provides been the principle Executive Officer of OCI NV. 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. Whether you’re born rich or poor, you can take whatever you have and build it to something of value. 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. The Onsi Sawiris Scholars Program provides grants to academically talented students from Egypt to earn bachelor’s degrees from UChicago. Egyptian businessman Nassef Sawiris did that and more. Sawiris Scholars 2018-19 with Dean John Boyer and Assistant Dean Dina Rashed. He was a … But other times, a large percentage of them squander the entire family fortune and end up worse than the average individual. Nassef Onsi Nagib Sawiris is an Egyptian businessperson who founded Nile Holding Investments and who has been at the helm of 11 different companies. Sometimes the children of successful entrepreneurs make the most of their parents wealth since they were raised in an entrepreneurial household. 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