Naguib Sawiris Reveals His Strategy for the Ideal Portfolio: "Not All Gold"!

Naguib Sawiris: How to Allocate Your Investment Portfolio

Naguib Sawiris Reveals His Strategy for the Ideal Portfolio: "Not All Gold"!

For years, Egyptian businessman and billionaire Naguib Sawiris has advocated for investing in gold, even before the price skyrocketed from lows near $1,300 per ounce to its current all-time high of over $3,700.

Despite these astronomical gains for the yellow metal in less than five years, Sawiris continues to focus on gold as part of his future investment plans, predicting it will reach $5,000 per ounce, according to previous press statements.

Despite this optimism, he advised against putting all your eggs in one basket, stating that anyone, regardless of the size of their financial surplus, should divide their investment portfolio between three or four asset classes. He explained that gold is an important part of a portfolio, but cash is also important for emergencies, real estate, and another part for generating returns and growing capital, represented by securities (stocks and/or bonds).

Sawiris is the richest person in Egypt, with a fortune exceeding $9.3 billion, according to the Bloomberg Billionaires Index. His wealth is widely distributed across various asset classes, unlike his brothers Samih and Nassef. 

His investments in the telecommunications sector have been behind the tremendous growth of his wealth since the 1990s, but he believes that achieving wealth and success in life does not depend on intelligence alone. He advised young people to work hard and persist in achieving success, regardless of the challenges they face.