Nassef Sawiris net worth rockets as Villa owners fortune grows – Birmingham Live

Aston Villa co-owner Nassef Sawiris has seen his fortune grow.

The billionaire Egyptian businessman is now worth a cool $8.5 billion dollars (£6.2bn) according to Forbes ‘ real time net worth tracker.

Sawiris was worth around £6.1bn in Forbes’ April count, a massive jump on the £3.7bn he was reported to be worth in April last year.

When buying the club, Sawiris’ net worth was around $1bn less than it is now.

Sawiris, with business partner Wes Edens, took control of Villa in 2018 from Chinese businessman Tony Xia.

The pair have led Villa to promotion and Premier League consolidation and after a summer of spending, Dean Smith ‘s side are looking to return to European football after a decade away.

Sawiris, Villa’s executive chairman, and Edens own the club through their NSWE company.

They have spent big since their promotion to the Premier League, overseeing an overhaul of the club’s squad two years ago, adding to it in 2020 and then making the necessary moves to try and mitigate the departure of Jack Grealish in the most recent transfer window.

Sawiris also has other business ventures and is the chief executive of engineering firm Orascom Construction Industries.

He also holds a stake in Adidas and founded the special-purpose acquisition company Avanti Acquisition Corp last year.

The University of Chicago economics graduate was recently spotted at the game against Chelsea last month.

Speaking after the play-off final defeat of Derby County at Wembley in 2019, Sawiris outlined his intention for Villa in the Premier League.

“It’s amazing,” he said of the Wembley victory. “It beats anything I’ve experienced in my life since my daughter was born.

“It was a great experience. We love it – and there’s only one way to go from here – only up.”

What do you make of Sawiris’ time in charge of Villa so far? Have your say in the comments section…

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