According to a report published on Tuesday by Forbes, Sawiris ranked 7th among Africa's top billionaires in 2016, and second among Egyptian billionaires. Sawiris ranked 10th on Africa's richest billionaires in the 2015 list and second in Egypt for that year. Naguib Sawiris owns investments in the telecommunications, media, finance and construction fields. "Egypt and South Africa were the only African countries where more than half of the country’s billionaires got richer in 2016. In both, four out of seven billionaires added to their wealth over the past year," the Forbes report noted.

Source: Egypt Independent January 12, 2017 13:09 UTC