In an Act of Charity, Nassef Sawiris Chooses to Reside in a $24M Mansion to Assist the Impoverished

Nassef Sawiris is the richest person in Egypt, but he only stays in his $24M home to help the poor.



There are fαncy homes that Nassef Sawiris owns in London, New York City, and Egypt, but never in Los Angeles. Sawiris was the unknown buyer who, a few months ago, paid $24 million for an incredibly beautiful and stylish home in Trousdale Estates, which is one of the most expensive areas of Beverly Hills.

Onsi Sawiris had three boys. Sawiris was the youngest. He was born and raised in Cairo. His dad built the Orascom Group into a huge company with stakes in media, tech, tourism, and hospitality. It has become clear that Nassef is a smart businessman. He has shares in some of the most important companies and sports teams in the world. Forbes says that Sawiris, who has the most shares in Adidas, is worth $7 billiоn, which is more than his two older brothers put together.

In America, Sawiris may be best known for his work with Kanye West. West wrote “Sooooo much positivity” under a picture of Sawiris on his famous Instagram account in September.

One of the best ridges in Trousdale is home to the modernist Sawiris house in Beverly Hills, which was built in the late 1960s. By the middle of the 2000s, the one-story house had been through a series of terrible repairs that made it look like a strangely Greco-Roman take on modernity, complete with dozens of white columns.

Edward “Eddie” Israel, a seasoned real estate developer, bought the land in 2009. Israel, a Los Angeles owner who owns apartments and condos, paid $5.1 million for the run-down house and hired architect William Hefner to fix it up. The house was lowered and made longer after a few years.

You can decide for yourself how the house looks as a home, but it is now more stylish than ever with its very high ceilings, glass walls, and blonde hardwood floors. The 2017 book “Trousdale Estates: Midcentury to Modern in Beverly Hills” by Steven Price, which is no longer in print, had it on the cover.