Egypt's Richest Man Emerges as the Biggest adidas AG Shareholder

What would you invest in if you had a net worth of $5.1 billion USD?

Footwear 
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Unless personally involved with the shares pertaining to the German sporting giant adidas AG, the chances of you ever knowing exactly who bids for the operation are very rare. In a recent report, it was revealed that Egypt’s richest man Nassef Sawiris and his NNS Holding firm now own 6% of the brand’s voting rights as disclosed following his crossing of the stipulated 5% anonymous holding in any listed company. Now noted as being the second-best performer on Germany’s DAX Index, Sawiris’ shares have risen to an impressive 41% this year alone following improved operational performance and the fact adidas is now searching for a successor to longstanding CEO Herbert Hainer. Stay tuned to adidas’s official website to track how such investments will continue to strengthen its corporation.

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