Nassef Sawiris has lavish real estate holdings in London, New York City, and Egypt, yet he has no such holdings in Los Angeles. Sawiris just purchased a property in Trousdale Estates, one of the most expensive areas in Beverly Hills, for the staggering sum of $24 million. The property in question is breathtakingly lovely and picturesque.
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Sawiris, the youngest of Onsi Sawiris’ three sons, was born and reared in the Egyptian capital city of Cairo. His grandfather built up the Orascom Group into a global conglomerate with holdings in a variety of industries including construction, tourism, hospitality, information technology, and the media.
Nassef has established himself as a smart businessman, and he currently has investments in a number of the most profitable businesses and sports teams in the globe. According to Forbes, Sawiris, the largest stakeholder in Adidas, has a net worth of $7 billion, which is greater than the combined wealth of his two older brothers.
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Nevertheless, Sawiris may be best recognized for Kanye West in the United States. In September, West used the phrase “Sooooo much positivity” as the caption for a photo of Sawiris that he posted on his widely followed Instagram account.
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The Beverly Hills modernist Sawiris residence from the late 1960s is situated on one of Trousdale’s most coveted ridges. By the middle of the twenty-first century, the single-story house had undergone a series of disastrous restorations that left it resembling an oddly Greco-Roman take on modernism, replete with dozens of white columns.
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In 2009, the property was acquired by seasoned real estate developer Edward “Eddie” Israel. Israel, a Los Angeles landlord of apartments and condominiums, purchased the dilapidated home for $5,1 million and engaged architect William Hefner to restore it. After a number of years, the house was demolished and enlarged.
The estate is now more contemporary than ever with exceptionally high ceilings, glass walls, and blonde hardwood flooring. In 2017, it was featured on the cover of the out-of-print book “Trousdale Estates: Midcentury to Modern in Beverly Hills” by Steven Price.
