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| Description: Net Worth: $2.5 BILLION Industry: Diversified Country of Citizenship: Egypt Age: 60 Number of Jobs Created: 17,850 Naguib is the eldest son of Egyptian business mogul, Onsi Sawiris, the founder of Egypt’s largest construction company, Orascom Construction and patriarch of the country’s most diversified conglomerate, Orascom Group. Naguib Sawiris joined Orascom in 1979 when the group was split into separate operating entities. Naguib took control of the telecommunications assets, incorporating Orascom Telecommunications Holding (OTH). In 2005 he founded Weather Investments, later called WIND Telecom, to serve as the holding company of Orascom Telecommunications Holding and Wind Telecommunicazioni SpA, the third largest mobile operator in Italy. Naguib later merged WIND telecom with Russia’s VimpelCom in a $6.5 billion transaction. He also has a large stake in Italian internet service provider, Italiaonline. A recent bid to take over EFG Hermes, a regional investment bank, failed when shareholders refused the offer presented by Naguib and a partner. Naguib is actively and publicly engaged in Egypt’s political scene. He founded the Free Egyptians Party with a group of intellectuals in 2011 as a direct response to the Egyptian revolution. The Free Egyptians Party pushes a secular, liberal and democratic agend |
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