Weeks after overtaking his younger brother Nassef Sawiris as Egypts richest man , billionaire investor and philanthropist Naguib Sawiris has reached a new milestone.
His fortune has climbed to 10 billion, according to the Bloomberg Billionaires Index, making him the first Egyptian to hit that mark. The jump comes as gold prices reached a record high on Tuesday, lifting the value of his mining holdings.
Bloombergs latest data ranks Sawiris as the 346th richest person in the world, placing him ahead of his brother Nassef Sawiris, whose net worth stands at 9.74 billion . The new ranking underscores how the 71-year-old businessman has benefited from a sharp rise in gold, where much of his wealth is tied.