Egyptian Billionaire Is the Largest Shareholder in Adidas

via UPennby Brendan DunneEgypt's richest person just became the biggest shareholder in Adidas.Bloomberg reports that Nassef Sawiris, net worth $4.8 billion, now owns 6 percent of the voting rights in the German sportswear brand via his NNS Holding company. His stake in adidaswas disclosed on Friday – Germany requires a disclosure when an investor takes control of more than 5 percent of a listed company.Adidas has performed well in Germany's DAX market recently, with a 41 percent increase this year that Bloomberg attributes in part to the announcement that adidas is seeking a replacement for longtime CEO Herbert Hainer.How soon before this guy is fielding calls from Kanye West?