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Two Egyptian tycoons among world’s 500 richest people

Two Egyptian tycoons among world’s 500 richest people
The Egyptian mogul brothers Nassef and Naguib Sawiris came in the 208 and 344 spots

Cairo – Mubasher: The Bloomberg Billionaires Index said that two Egyptian businessmen are among the richest 500 people in the world.

The Egyptian mogul brothers Nassef and Naguib Sawiris came in the 208 and 344 spots, respectively, according to the index.

The index provides analysed details of net profits of each billionaire in 2018 through monitoring their daily trading on the New York Stock Exchange (NYSE). 

Nassef Sawiris’ net worth amounted to around $7.4 billion, up $1.04 billion, while Naguib Sawiris’ net worth stood at nearly $5.13 billion in the sectors of telecom and media, down $121 million.

It is worth noting that the world’s richest people list included eight Arabs and five Africans.