Earning the 8th spot on the list is chairman of Orascom TMT Investments, Naguib Sawiris. A descendent of Egypt’s most notable family, Sawiris shares the list with his brother Nassef. His net worth of $3.2 billion was earned by his prowess in the telecom industry. The driving force behind his fortune was the selling of Orascom Telecom to the Russian owned telecom firm now known as Veon in 2011 in a multi-billion dollar transaction. Sawiris solidifies his wealth through his media globe holdings and investments, such as his 88% stake in the pan-European pay=television and video news network Euronews.