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I just saw that Naguib Sawiris has become the richest man in Egypt, which is quite interesting considering that his younger brother Nassef held that position for years. Naguib Sawiris's fortune now hovers around $9.2 billion, surpassing Nassef, who is at $9.1 billion.
What stands out is the growth rate of Naguib Sawiris since the beginning of the year. According to the Bloomberg index, his net worth has increased by $2.3 billion, while his brother's has only grown by $413 million in the same period. It's a pretty notable difference when you look at it in perspective.
In the past week, things moved even more. Naguib Sawiris added $42 million to his fortune, while simultaneously Nassef lost about $47 million. These changes may seem small in absolute numbers, but they reflect significant movements in their respective wealth.
It's interesting to see how these wealth dynamics are shifting on the billionaire radar. Naguib Sawiris finally managed to overtake his brother after so much time, something that probably few expected to happen so quickly.