ToplineEgyptian billionaire Nassef Sawiris is set to become the chair of German sportswear brand Adidas at its shareholder meeting in May, replacing a longtime chair who oversaw the company’s post-pandemic rebound and the end of its lucrative Yeezy partnership with rapper Kanye West. Key FactsSawiris, an investor and member of Egypt’s richest family, is already a major shareholder in Adidas and has been a member of its supervisory board since 2016.

Source: Forbes March 05, 2026 10:50 UTC