9.Shafik Gabr
Next we have Shafik Gabr.
Net Worth: $450 million
Source: Self made, Diversified
The richest millionaire in Egypt, Shafik Gabr is the builder and founder of conglomerate ARTOC, a company with interests in steel fabrication, prefabricated factories, and logistical services for oil and gas companies.
Gabr’s net worth was around $720 million, but due to the instability in Egypt, his revenues declined 20% in 2012, so his fortune dropped with around $300 million.
The millionaire is interested in art, him owning a foundation that promotes East-West dialogue through arts, science and business. He selected 20 Egyptians and Americans who engaged in cross cultural activities.
