Egypt Billionaire Nassef Sawiris Ranked 7th Richest in Africa

Egyptian billionaire Nassef Sawiris took seventh place in a list of Africa’s richest people in 2013, Ventures Magazine reported on Monday.

According to the magazine, 53-year-old Sawiris’s wealth is estimated at $5.2 billion.

In March, Sawiris was ranked the fourth-richest man in Africa with $6.5 billion net worth, according to Forbes’ billionaire rankings.

Sawiris heads Orascom Construction Industries (OCI), one of the largest companies in North Africa. He is the youngest of the three sons of Egyptian billionaire and Orascom conglomerate founder, Onsi Sawiris.

“Nigeria, South Africa, and Egypt lead the pack with the highest number of billionaires at 20, nine, and eight, respectively. Algeria, Angola, Zimbabwe and Swaziland only have one billionaire each. In all, there are 10 African countries represented on the list,” Ventures stated.

Nigerian manufacturer Aliko Dangote topped the list with a fortune of around $20.2 billion, followed by 75-year-old South African tycoon Allan Gray at $8.5 billion.