N aguib Sawiris is a flamboyant and outspoken Egyptian billionaire who built a massive fortune in the telecommunications industry. He is the eldest of three sons of the late Onsi Sawiris, the founder of the Orascom conglomerate, and a member of Egypt's wealthiest Coptic Christian family. Naguib took charge of the family's nascent railway and IT business and transformed it into Orascom Telecom Holding, building it into a massive international mobile network operator with a presence across the Middle East, Africa, and South Asia.
His career-defining deal came in 2011 when he sold a majority of his telecom assets to the Russian telecom firm VimpelCom (now Veon) in a multi-billion dollar transaction. Since then, he has focused on managing his family's wealth through his private investment firm, which has been renamed Orascom Investment Holding. He has made significant investments in the gold mining industry through his company, La Mancha, and has also acquired the European news network, Euronews. He is known for his charismatic personality, his frank political commentary, and his luxurious lifestyle.
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