Just weeks after overtaking his younger brother to claim the top spot as Egypts richest man on the Bloomberg Billionaires Index , businessman and philanthropist Naguib Sawiris is edging closer to becoming the countrys first billionaire with a fortune above 10 billion. His wealth is now estimated at 9.77 billion, placing him 359th globally on the index.
Sawiris first pulled ahead on Aug. 22, when his net worth climbed to 9.13 billion, about 100 million more than Nassef Sawiris, whose wealth stood at 9.03 billion. Since then, Naguib has added another 640 million, maintaining the lead. Nassef , who boasts a net worth of 9.71 billion, now sits in 361st place, two spots behind his elder brother.
Gold rally lifts Naguib Sawiris fortune