Top 10 Richest People in Egypt 2020

Top 10 Richest people in Egypt
Welcome to Displore and thanks for watching, in this video we shall be presenting the top 10 richest people in Egypt in 2020. Egypt is one of the richest and most developed country in Africa. It is located in the Nothern part of Africa and has a population of about 99.5 million people. Egypt has one of the biggest Economy not only in North Africa but in the entire continent. Presently in Egypt, we have men whose wealth and riches has attracted researchers, inspired young entrepreneurs and of course influence the Egyptian economy positively Despite the fact that the richest man in Africa is not from Egypt, There are however quite a few Billionaires from Egypt.
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The people on this list have worked their way to becoming some of the richest people not only in Egypt but Africa at large, So, without any further ado, here are the Top Richest People in Egypt.
10. Ahmed El Sewedy – Net Worth – $448.9 Million
Ahmed El Sewedy is an Egyptian business man. Currently, Ahmed Sadek El-Sewedy occupies the position of Managing Director & Director at Elsewedy Electric Co. and President & Chief Executive Officer for Elsewedy Electric Syria (a subsidiary of Elsewedy Electric Co.) In 1938, Elsewedy family started their business as a trader in electrical equipment. From 1960 - 1995, the family changed the company from just trading in electrical equipment to being a distributor for the sole cable manufacturer in Egypt at that time (1960).During this period, it was focused on selling cables to the Egyptian market, until the Elsewedy family established the first private sector cable factory in Egypt (Arab Cables) in 1984. At that time, all other cable manufacturers in Egypt were solely owned by the Egyptian government. He has worked hard to becoming one of the richest people in Egypt and is currently ranks as the 10th richest person in Egypt.

9. Shafik Gabr – Net Worth $720 Million
With a net worth of $720m, Shafik Gabr is the richest known millionaire in Egypt. Gabr founded and built conglomerate ARTOC, a company with interests in steel fabrication and logistical services for oil and gas companies. Being a vivid art collector and with focus on Orientalist art, Gabr owns a foundation that