Flight Risk Capital

Who is leaving Britain and what it costs to stay

Nassef Sawiris

Last updated: .

What was reported

Bloomberg Tax reported on 24 April 2026 that Nassef Sawiris had left the UK and divided his time between Italy and Abu Dhabi. The report concerns his family-office closure, not a confirmed April 2026 moving date.

Background

Nassef Sawiris is a business executive whose career includes the Orascom Group and OCI. adidas, 2 March 2016. He joined Orascom in 1982 and became chief executive of Orascom Construction Industries in 1998. adidas, 2 March 2016. In March 2016, adidas nominated him for its supervisory board while he was chief executive of OCI. adidas, 2 March 2016.

Timeline

Report dates show when a source published its account. Event dates keep the precision given by that source.

  1. (Report): Bloomberg Tax reported that Sawiris had left the UK and was resident in Italy and Abu Dhabi, without giving an exact moving date. Bloomberg Tax, 24 April 2026.

  2. (Report): Billionaires.Africa, citing a Tax Justice Network review, reported that Bloomberg had already covered the move in December 2023. Billionaires.Africa, 20 October 2026.

Type
Person
Known for
Egyptian billionaire, co-owner of Aston Villa
Destination
Italy
Italy and United Arab Emirates. Italy and Abu Dhabi, according to the cited reporting
Status
Reported
Basis
Read the source account above
First reported
24 April 2026
Sector
Industry and energy (Industrials and sport)
Last checked
25 October 2026

Recorded statement

No direct statement of a reason is recorded.

Wealth estimate

$9.6 billion

Source: Fortune, 7 Oct 2026 (index not named in the article), 2026. An estimate is not a tax payment.

Limits and uncertainty

Billionaires.Africa (20 October 2026), citing the Tax Justice Network, reports that his move predates May 2024 and disputes including it in Bloomberg's $160 billion estimate.

Sources

Mentioned in

Related

More records linked to Italy

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