Samih Sawiris

$1.33 B

Ranked #2783 in World

About Samih Sawiris

Egyptian-born Montenegrin billionaire and seasoned entrepreneur, Samih Onsi Sawiris, commands attention as a distinguished figure in the global finance sector. With roots tracing back to a prestigious lineage as the second son of Onsi Sawiris, Samih garnered a net worth of US$850 million by 2015, positioning him as the 26th wealthiest individual in Africa. An alumnus of the Technical University of Berlin, where he earned an Engineering Diploma in 1980, Sawiris' entrepreneurial journey led him to establish pivotal enterprises including the National Marine Boat Factory, Orascom Projects for Touristic Development, and Orascom Hotels and Development. These entities later amalgamated, birthing Orascom Development Holding AG, under his leadership until December 2021. Beyond his executive roles, Sawiris expanded his investment portfolio into sports and hospitality, marking significant stakes in FC Luzern and innovating the online booking sphere with Bidroom. In 2019, his acquisition streak continued with Thomas Cook (Germany) via his Raiffeisen Touristik Group. Embellishing his diverse portfolio is his Montenegrin citizenship acquired in 2011, alongside his Coptic Christian faith, painting a picture of a multifaceted personal and professional life.

Born

January 01, 1957 in Sohag, Sohag, Egypt

Age

69 years

Source Of Wealth

Real Estate, Hotels

Industries

Service

Citizenship

Egypt

Residence

Cairo

Education

Bachelor of Arts/Science, Technical University of Berlin

Samih Onsi Sawiris, a prominent Egyptian-born Montenegrin businessman, investor, and billionaire, was born on January 28, 1957, in Cairo, Egypt. He is the second of three sons born to Onsi Sawiris, a renowned Egyptian entrepreneur and business magnate. Samih's early years were spent in a supportive and affluent family environment, which laid the foundation for his future success.

Samih Sawiris: Family

Samih Sawiris comes from a prominent Egyptian family with a rich history in business and entrepreneurship. His father, Onsi Sawiris, was a highly successful businessman who founded the Orascom Group, a leading Egyptian conglomerate with diverse interests in construction, telecommunications, and tourism. Samih's brothers, Naguib and Nassef, are also prominent businessmen and have made significant contributions to the family's business empire.

Samih Sawiris: Career Highlights

Samih Sawiris' career is marked by a series of notable achievements and milestones. After receiving his Engineering Diploma in Engineering Management from the Technical University of Berlin in 1980, he embarked on his entrepreneurial journey by founding the National Marine Boat Factory. His vision and leadership led to the establishment of Orascom Projects for Touristic Development in 1996 and Orascom Hotels and Development in 1998. These two companies eventually merged to form Orascom Development Holding AG, a leading real estate and tourism development company.

Samih Sawiris served as the CEO and Chairman of Orascom Development Holding AG since its incorporation, driving its growth and success. Under his leadership, the company developed numerous holiday resorts in Egypt and Switzerland, transforming the tourism landscape in these regions. His strategic vision and business acumen contributed significantly to Orascom's prominence in the industry.

Samih Sawiris: Companies

Samih Sawiris has been associated with several prominent companies throughout his career. He is best known for his leadership role at Orascom Development Holding AG, where he served as CEO and Chairman. Additionally, he acquired a 12.5% stake in Swiss football club FC Luzern in 2011, demonstrating his interest in sports and investments beyond his core business ventures.

In 2017, he invested in Bidroom, an online hotel booking platform, showcasing his commitment to innovation and technology in the hospitality industry. Furthermore, he acquired Thomas Cook (Germany) through his Raiffeisen Touristik (RT) Group in December 2019, expanding his presence in the travel and tourism sector.

Samih Sawiris: Major Achievements

Samih Sawiris' major achievements include the successful development of holiday resorts in Egypt and Switzerland through Orascom Development Holding AG. His leadership and vision transformed the tourism industry in these regions, creating employment opportunities and boosting economic growth. Additionally, his investments in various sectors, such as sports and technology, demonstrate his entrepreneurial spirit and willingness to explore new opportunities.

Samih Sawiris: Awards & Achievements

Samih Sawiris' contributions to business and entrepreneurship have been recognized through numerous awards and accolades. He has been honored for his leadership, innovation, and philanthropic efforts. Specific awards and achievements may vary and require further research to provide a comprehensive list.

Samih Sawiris: Personal Life & Legacy

Samih Sawiris became a Montenegrin citizen in 2011, reflecting his global outlook and international business interests. He is known to be a Coptic Christian, adhering to the beliefs and practices of the Coptic Orthodox Church. Samih Sawiris' personal life and legacy are characterized by his commitment to family, philanthropy, and community development.

Samih Sawiris: Trivia

Interesting facts or anecdotes related to Samih Sawiris can be included in this section. These may include personal interests, hobbies, or unique experiences that provide insights into his personality and life beyond his professional achievements.

Wealth History

Timeline

1980

Received Engineering Diploma in Engineering Management from the Technical University of Berlin.

1996

Established Orascom Projects for Touristic Development.

1998

Established Orascom Hotels and Development.

2011

Acquired a 12.5% stake in Swiss football club FC Luzern.

2011

Became a Montenegrin citizen.

2015

Net worth estimated at US$850 million, making him the 26th richest person in Africa.

2017

Invested in Bidroom, an online hotel booking platform.

December 2019

Acquired Thomas Cook (Germany) through his Raiffeisen Touristik (RT) Group.

December 2021

Stepped down as CEO and chairman of Orascom Development Holding AG, succeeded by his son.

Samih Sawiris : FAQs

What is Samih Sawiris's current net worth?

Samih Sawiris's current net worth is $1.33 billion.

What is Samih Sawiris's current global rank among billionaires?

Samih Sawiris holds the 2783rd position globally among billionaires.

What is Samih Sawiris's current ranking within the Egypt?

Samih Sawiris holds the 6th position in Egypt.

What is the recent change in Samih Sawiris's net worth?

Samih Sawiris's net worth increased by 2.37 million dollars recently, a 0.18% increase, with his net worth standing at 1.33 billion dollars.

What are Samih Sawiris's main sources of wealth?

Samih Sawiris's main source of income comes from Real Estate, Hotels.

In which industry does Samih Sawiris primarily operate?

Samih Sawiris is primarily involved in the Service industry.

What is Samih Sawiris educational background?

Samih Sawiris holds a Bachelor of Arts/Science from Technical University of Berlin.

How old is Samih Sawiris?

Samih Sawiris is 69 years old.

What notable positions did Samih Onsi Sawiris hold within Orascom Development Holding AG?

Samih Onsi Sawiris served as the former executive chairman and CEO of Orascom Development Holding AG until December 2021.

What investments has Samih Onsi Sawiris made in sports and the hospitality industry?

Samih Onsi Sawiris acquired a 12.5% stake in Swiss football club FC Luzern in 2011, invested in Bidroom, an online hotel booking platform, in 2017, and acquired Thomas Cook (Germany) through his Raiffeisen Touristik (RT) Group in December 2019.

How did Samih Onsi Sawiris's citizenship and personal beliefs influence his life and career?

Becoming a Montenegrin citizen in 2011 and being a Coptic Christian have been significant aspects of Samih Onsi Sawiris's personal life, reflecting the diverse cultural and personal dimensions influencing his successful career.