The owner of a fortune worth hundreds of millions of dollars has no spending limit when it comes to helping those fleeing wars in Africa and the Middle East.
Naguib Sawiris He is a telecommunications services magnate who safeguards assets valued at millions of dollars by its financial group Weather InvestmentsHis conglomerate has multiple investments in telephone and internet companies in both Egypt and Italy. The businessman also seeks to help those fleeing wars in the Middle East and Africa.
The Egyptian is one of the richest men in the region and says he has no limit on what he is willing to spend to help refugees. His plan is to acquire an island from Greece or Italy to be able to accommodate 100,000 to 200,000 peopleHe even suggested that his new country could be named “Hope.”
Sawiris argued that the solution he proposes is very simple and that this region of Europe has different areas where people could settle. He also told CNN: “They sell me the island and I will make a temporary shelter for these people. I will make a small port or marina for the boats to dock there. I will employ people to build their own houses, their schools, a hospital, a university, a hotel“.
His words were supported on social media by the Egyptian billionaire, who posted the following status on Twitter, currently X: “Greece or Italy, sell me an island”.
The story of Naguib Sawiris, the Egyptian billionaire willing to give up his fortune for refugees
The president of the holding company Weather Investments He managed to form an empire in telecommunications by acquiring 50% of the shares of the Egyptian telecommunications operator Orascom Telecom and the entire Italian mobile, fixed and internet company, WindSawiris also became the chief executive of Orascom Telecom and his family shares another 7% of the company’s shares.
The communications business comes from his father Onsi Sawiris, who sent Naguib to study at the German school in Cairo and later to the Polytechnic School of Zurich. His son joined the family business Orascom after graduating in 1979 and this year he has been a member of the family business. He was responsible for business growth in the information technology, telecommunications and railway sectors.His success at the company catapulted him to become CEO in 1997.
How much is Naguib Sawiris’ fortune, according to Forbes
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Middle East Monitor
The owner of a multi-million dollar telecommunications empire also decided to invest part of his fortune in the real estate market and the construction of hotels. All these investments allowed him to build a fortune of 3.8 billion dollars according to Forbes magazine.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
