The Passing of a Car Empire: Michel Aghnide

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Michel Aghnides, a renowned Egyptian businessman known as the “Car Emperor,” passed away in Alexandria without revealing the cause of death. His family wrote a heartfelt obituary, describing him as a remarkable individual with a beautiful spirit and a remarkable soul. They expressed their condolences and prayed for his soul to rest in peace.

A Sudden Health Crisis

Aghnides had a sudden health crisis about 10 days ago, which led to his hospitalization and a coronary angiography. He suffered from severe complications. Sources close to his family revealed that he tried to hide his health condition from those close to him, but his deteriorating health was evident.

Who Was Michel Aghnides?

Michel Aghnides was one of the most prominent businessmen in Alexandria and Egypt. He began his career as an electric appliance trader on Alexandria’s Sabt Boutros Street, where he demonstrated a strong passion for trade and hard work. He expanded his business, owning several stores, and obtained a dealership for a leading global brand in the electric appliance industry. Aghnides was known for his fascination with luxury and rare cars, owning a collection of prestigious brands like Rolls-Royce, Bugatti, Lamborghini, and Ferrari. He was one of the first wealthy individuals to own these types of cars in Egypt. He also owned a private garage in Alexandria, housing these rare cars, which made him a target for luxury car enthusiasts in Egypt. Aghnides was known for refusing offers to sell some of his rare cars, as he was deeply attached to each one.

A Legacy of Luxury Cars

Aghnides’ collection of rare cars was unmatched, with some models being produced in limited quantities or even having his name as a model. This made his collection priceless, attracting the attention of Arab celebrities and influential figures who offered to buy some of his cars. However, Aghnides refused their offers, as he was deeply attached to each car in his collection.

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