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Naguib Sawiris's net worth hit a record $12.2 billion, per the Bloomberg Billionaires Index, as reported by Billionaires.Africa on 25 August 2026, up $1.4 billion in a single month on the 2026 gold rally. The Egyptian billionaire built his fortune on Orascom's telecom roots and, more recently, on La Mancha, a private gold-mining investment vehicle. The record came a few weeks after La Mancha actually reduced the stake most responsible for it, a detail most coverage of the milestone leaves out.
The Bloomberg Billionaires Index, as reported by Billionaires.Africa on 25 August 2026, put Sawiris at $12.2 billion, a personal record, ranking him 294th globally. Bloomberg attributed the one-month, $1.4 billion gain almost entirely to rising gold prices lifting the value of his mining investments.
That is a genuine single-tracker before-and-after. The same Bloomberg index, also via Billionaires.Africa, had Sawiris falling below $10 billion to $9.83 billion on 4 November 2025, after an earlier pullback in gold prices cost him ground he had briefly gained that October. Both figures come from Bloomberg on different dates, roughly ten months apart, not from two different trackers.
His younger brother, Nassef Sawiris, appeared in the same 25 August 2026 Bloomberg-sourced report at $9.8 billion, ranked 394th globally. Nassef built his fortune separately, chiefly through OCI N.V. (fertilizers) and a stake in Adidas. The two brothers' fortunes are tracked, and reported, separately; this article does not add them together or treat one brother's gain as evidence about the other's.
| Vehicle | Sector | Naguib's position | As of |
|---|---|---|---|
| La Mancha Holdings (private, Luxembourg) | Gold-mining investment | 11.1% of Endeavour Mining (LSE/TSX), down from over 15% at the start of 2025 | 9 January 2026, per Ecofin Agency and Mining Weekly |
| Orascom Investment Holding (Egyptian Exchange) | Diversified holding company | Executive chairman; approved a shareholder loan of up to $10 million to the company | 20 August 2026, per Billionaires.Africa |
| Orascom Construction | Construction | Exited: sold his 5.84% stake to brother Nassef for $8.9 million | January 2025, per Forbes Middle East |
La Mancha, the vehicle behind most of the fortune, sold 1.5% of its Endeavour Mining stake in May 2025 and a further 3.5% for $437 million on 9 January 2026, per Mining Weekly's report of La Mancha's own statement, which described the sale as "capital management" to reduce leverage after Endeavour's stock had risen sharply. La Mancha said it intends to keep the stake above 10% and preserve Sawiris's board seat.
One correction worth making explicitly: La Mancha also held a stake in Evolution Mining, an Australian gold miner, for years, and some general profiles of Sawiris still describe it as a current holding. It is not. La Mancha's own published history lists Evolution Mining among its "past stakes," fully sold down by 2020, banking roughly A$140 million on the way out per contemporaneous mining trade press. This article treats it as history, not as part of the current fortune.
Neither Endeavour Mining nor Evolution Mining appears in NetWort's curated ticker universe, and the Egyptian Exchange listings (Orascom Investment Holding, Orascom Construction) fall outside it entirely, so none of these carries an internal asset link here.
The headline tension is that Sawiris's tracked net worth hit a record in August 2026 even though La Mancha had just spent January cutting its largest single holding. Gold's 2026 price rally did the rest: the remaining, smaller Endeavour Mining stake still gained enough value to push the total past its previous peak, per Bloomberg's attribution reported by Billionaires.Africa.
Separately, on 20 August 2026, Orascom Investment Holding's shareholders elected Sawiris chairman and authorized a loan of up to $10 million from him to the company, per a filing lodged with the Egyptian Exchange and reported by Billionaires.Africa and WAYA. It is his first executive chair role in years at the company he originally founded as Orascom Telecom.
The one fully verifiable piece of this fortune is the Endeavour Mining stake, because Endeavour is publicly listed and stake changes must be disclosed. Everything else, La Mancha itself, Orascom Investment Holding, and whatever else the family holds privately, sits behind structures that do not publish their own net asset value. Bloomberg's figure necessarily estimates the private portion.
The Evolution Mining example above is a caution about how easily a stale fact can outlive its accuracy: a real, well-documented stake that was fully exited around 2020 still shows up in some current write-ups of his fortune, five or six years later. The same risk applies to any single-family conglomerate whose holdings shift year to year.
Two historical legal matters, both resolved and neither personally adverse to Sawiris, come up in searches about him. Orascom TMT, a Sawiris-controlled entity, sued Algeria at ICSID over the forced 2011 sale of its Djezzy mobile unit; the tribunal dismissed the claim in 2017, calling it an abuse of rights and ordering Orascom to cover Algeria's costs. Separately, the UK Supreme Court dismissed claims brought against Sawiris by Italian businessman Alessandro Benedetti in July 2013, ruling in Sawiris's favor. Neither has any reported 2026 development, and neither is an open matter today.
Sawiris's record net worth arriving in the same year he cut his largest disclosed stake is a clean illustration of a point that matters at any portfolio size: a rising price can outrun a shrinking position, so "worth more" and "owns more" are not the same claim. It is also a reminder that a single commodity price, gold in this case, can move a concentrated fortune more than any decision the person holding it makes in a given month.
For more on how this series handles concentrated, family-controlled fortunes and the sibling-conflation risk Sawiris shares with other names here, see: