June 2022: Top 5 richest people in Africa and their net worth according to Bloomberg, South African business mogul Johann Rupert oversees an elite portfolio of luxury brands that includes fashion labels Azzedine Alaa, Chlo, and Dunhill, alongside established jewellery and watch brands such as Van Cleef & Arpels, Vacheron Constantin and Cartier, Nicky Oppenheimer, a South African billionaire businessman and philanthropist. Our list tracks the wealth of African billionaires who reside in Africa or have their primary businesses there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen, and billionaire London resident Mohamed Al-Fayed, an Egyptian citizen. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. It also has interests in sugar, salt, oil, fertiliser and packaged food. GDP is the total value of goods and ser. Net worth: $12.1 billionRank in 2020: 1Net worth in 2020: $10.1 billionSelf-madeOrigin of wealth: Cement, sugarIndustry: ManufacturingAge: 63Country: NigeriaResidence: LagosEducation: Al-Azhar University, Bachelor of Arts/Science. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. He is among the most successful millionaire farmers in China from a humble beginning as a chicken farmer. Altogether, the 18 billionaires from Africa this year are worth $73.8 billion, slightly more than the $73.4 billion aggregate worth of the 20 billionaires on last years list of Africas richest people. For the 11th year in a row, Alike Dangote of Nigeria is the continents richest person, worth an estimated $13.9 billion, up from $12.1 billion last year following a 30% increase in the stock price of Dangote Cement, his most valuable asset. Plot 2 - Beans and peas. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. 6. The world's richest people, dubbed as 'ultra-high net worth individuals' (UHNWIs) have shed a cumulative wealth of $10 trillion or 10% from their net worth in 2022, due to global economic . His dairy farm became the foundation that his two sons, Ron and Tony, would later advance. Net worth: $8 billionRank in 2020: 3Net worth in 2020: $7.7 billionOrigin of wealth: DiamondsIndustry: metal and miningAge: 75Country: South AfricaResidence: JohannesburgEducation: Oxford University Christ Church, Master of Arts/Science, Oxford. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. Belonging to Nigeria, he is the only African that is a part of the top 50 rich men in the world. Mansour worked as a busboy in a pizza parlor while at North Carolina State University to pay for college. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Through farming, these people are in a way already financially free. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. Graham Beck (5 December 1929 - 28 July 2010) was a South African business magnate, wine maker, stud farmer and philanthropist. Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. Agriculture, banking, tourism, mining, transportation, energy, real estate, telecommunications, and insurance are among the businesses in which the family has invested. ), Read More:The Full List of AfricasRichest People. Top 10 Richest Pastors in Africa 2022. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. He is also involved in charity projects. Individuals who are from Africa, but don't reside in the continent (such as Elon Musk and . However, thats okay. 4) Natie Kirsh (South Africa) $7.67 billion. His net worth is around $3.4 billion. Subscribe to the Millionaire Mob early retirement blog newsletter to find the best dividend growth stocks and more. Join our community of over 3,000 mobsters seeking financial freedom. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. Driving Web3 adoption in Africa: Q&A with Mouloukou Sanoh, co-founder of Cassava Network. Read Top 10 Richest People in Kenya. As per the index, President Dangote Group, Aliko Dangote, has retained his position as the continents wealthiest man for the eleventh year in a row with a net worth of $20.5 billion, up from $20.3 billion last month. His wife Salwa Idrissi runs her own company, which has franchises for Gap, Gucci and Ralph Lauren in Morocco. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. Being a founder of China Minsheng Bank, the only bank in the country since 1949 to be established without direct state ownership, Liu holds about 7% of China Minsheng Banks shares. Bishop David Oyedepo -Net Worth $150 million. Fu Guangming 7. We give you the opportunity to scout Africa and explore the latest opportunities , news and updates in Africa. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Millionaire Mob is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. The company has developed support services and products, such as fodder, plant cultivation and food processing around animal husbandry. And by a lot, we mean a LOT! They certainly learned from these. An ideal tip on how to become a successful farmer is to treat agriculture like any other business. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 300 Unique Trending Ankara Styles For Women, Top 50 Amazing African Long Dresses For Women, 150 Unique Bridal Reception Styles In Africa, 120 Amazing African Dress Styles For Ladies, 150 Beautiful African Print Tops Designs Ideas, Elisha Owusu Biography ; How Old Is Owusu ? Contents [ hide] 10. Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. He led Naspers to pay a reported $34 million for a third of Chinese Internet firm Tencent Holdings in 2001 perhaps the greatest venture investment ever. Aliko Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer. Nigerian billionaire Aliko Dangote retains position as Africa's richest man for eleventh year in row Hot News Nigerian energy tycoon Michael J. Prest wins legal victory in Caribbean island of Nevis Prest is the founder of BONI, an international bank offering private and wealth management services. The ultra high net business mogul makes his fortunes from a conglomerate with interests in motor vehicle dealerships, printing and publishing, steel manufacturing, property, agribusiness and telecommunications. The Bellevue, Switzerland-based company's brands include Jaeger-LeCoultre and Cartier. In March 2021, Motsepe was elected president of the Confederation of African Football, the sports governing body on the continent. They are significant shareholders in corporate business Dairy Holdings which own 59 dairy farms, 48,010 cows and produce 17.3 million kilograms of milk solids per year. They started as farmers, but grew into much more than that. Pastor Enoch Adeboye - Net Worth $130 million. He has spent most of his life as a farmer. 1 | NIGERIA - THE RICHEST COUNTRY IN AFRICA (GDP: $504.203 Billion) GDP: $504.203 Billion (nominal, 2023 est.) Aliko Dangote - $12 Billion. (Forbes discounts the values of stakes when the public float is less than 5%.). At the same time, we will always need food. The wealthiest rapper was born and raised in Cape Town in South Africa. The family owns property in the Central Valley of California and South Texas. He ascended to the monarch position in 1968 after his father, King Cyprian Bhekuzulu, passed away. The Angolan court claimed that actions taken by Dos Santos, her husband Sindika Dokolo (whodiedin October 2020, reportedly in a scuba diving accident) and one other associate caused the Angolan government losses of at least $1.14 billion. He runs OCI, one of the worlds largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. Top 10 Richest Men in Botswana. By David Dawkins, Ariel Shapiro, Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A. Dolan. Cape Verde, with a GDP per capita of $8,716, is the richest country in West Africa and 119th in the world. King Goodwill Zwelithini of Zulu South Africa. In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down. Read More:How Africas Richest Woman, Isabel dos Santos, Went Broke: The Unmaking Of A Billionaire. Isabel Dos Santos, known widely as the daughter of the super-rich Angolan President, Jos Eduardo dos Santos, tops the list as the richest woman in Africa. All Rights Reserved. In order to accumulate wealth, you need to own something. Your email address will not be published. On 1 April 2014 he emerged as the first Ghanaian to hit a million likes on Facebook. Notepads in his office read: Things I must do before cricket., Net worth: $7.2 billionRank in 2020: 5Net worth in 2020: $6.5 billionOrigin of wealth: Luxury goodsIndustry: Fashion and retailAge: 70Country: South AfricaResidence: Cape Town. Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. Strive Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. As a group, the continents 18 billionaires are worth an estimated $84.9 billion a 15% increase from 12 months ago and the largest tally since at least 2015. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. Through Remgro, Rupert controls investments in the financial, healthcare, consumer products, industrial, infrastructure, media, and sports industries. 3) Nicky Oppenheimer (South Africa) $8.35billion. Without further ado, lets look at the top ten wealthiest farmers in the world (not in any particular order). Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Obasanjo Farms also has branches at Igbo-Ora, as well as Ibadan, both in Oyo State. Farmers can be somewhat reliant on weather conditions and external factors that will truly influence how much money you can make. Farming and agriculture has a poor image in popular culture, but it remains a solid investment for families and people around the world. Naspers sold a 2% stake in Tencent in 2018; in April 2021 Prosus sold nearly $15 billion worth of Tencent, taking its stake to 29%. Ghana, a prominent petroleum and natural gas producer with the sixth-largest crude oil reserves in Africa and the twenty-fifth-largest in the world, is the tenth-richest country in Africa. Rabiu, the son of a businessman, inherited land from his father. (Celebrity Family), Natie Kirsh - A South African-born Swazi billionaire businessman, Head and Editor at Business Insider Africa. Harry Stine 4. Harry Stine Net worth: $13.9 billionRank in 2021: 1Net worth in 2021: $12.1 billionSelf-madeOrigin of wealth: Cement, sugarIndustry: ManufacturingAge: 64Country: NigeriaResidence: Lagos, Net worth: $11 billionRank in 2021: 4Net worth in 2021: $7.2 billionOrigin of wealth: Luxury goodsIndustry: Fashion and RetailAge: 71Country: South AfricaResidence: Cape Town, Net worth: $8.7 billionRank in 2021: 3Net worth in 2021: $8 billionOrigin of wealth: DiamondsIndustry: Metals and miningAge: 76Country: South AfricaResidence: Johannesburg, Net worth: $8.6 billionRank in 2021: 2Net worth in 2021: $8.5 billionOrigin of wealth: Construction and InvestmentsIndustry: Construction and engineeringAge: 61Country: EgyptResidence: Cairo, Net worth: $7 billionRank in 2021: 6Net worth in 2021: $5.5 billionOrigin of wealth: Cement,sugarIndustry: DiversifiedAge: 61Country: NigeriaResidence: Lagos, Net worth: $6.7 billionRank in 2021: 5Net worth in 2021: $6.3 billionSelf-madeOrigin of wealth: Telecom, oilIndustry: DiversifiedAge: 68Country: NigeriaResidence: Lagos, Net worth: $5.1 billionRank in 2021: 7Net worth in 2021: $4.8 billionSelf-madeOrigin of wealth: FoodIndustry: Food and BeverageAge: 78Country: AlgeriaResidence: Algiers, Net worth: $3.4 billionRank in 2021: 8Net worth in 2021: $3.2 billionOrigin of wealth: TelecomIndustry: TelecomAge: 67Country: EgyptResidence: Cairo, Net worth:$3.1 billionRank in 2021: 9Net worth in 2021: $3 billionSelf-madeOrigin of wealth: MiningIndustry: Metals and miningAge: 59Country: South AfricaResidence: Johannesburg, Net worth: $2.7 billionRank in 2021: 10Net worth in 2021: $2.8 billionSelf-madeOrigin of wealth: Media, investmentsIndustry: Media and entertainmentAge: 69Country: South AfricaResidence: Cape Town, Net worth: $2.7 billionRank in 2020: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: TelecomIndustry: TelecomAge: 60Country: ZimbabweResidence: London, Net worth: $2.5 billionRank in 2021: 11Net worth in 2021: $2.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 74Country: EgyptResidence: Cairo, Net worth: $2.2 billionRank in 2021: 12Net worth in 2021: $2 billionOrigin of wealth: Petroleum, diversifiedAge: 61Country: MoroccoResidence: Casablanca, Net worth:$1.7 billionRank in 2021: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: BankingIndustry: Finance and investmentsAge: 72Country: South AfricaResidence: Stellenbosch, Net worth: $1.5 billionRank in 2021: 15Net worth in 2021: $1.3 billionOrigin of wealth: Banking, insuranceIndustry: Finance and investmentsAge: 89Country: MoroccoResidence: Casablanca, Net worth: $1.5 billionRank in 2021: 13Net worth in 2021: $1.6 billionOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 46Country: TanzaniaResidence: Dar es Salaam, Net worth: $1.5 billionRank in 2021: 14Net worth in 2021: $1.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 76Country: EgyptResidence: Cairo, Net worth: $1.1 billionRank in 2021: 18Net worth in 2021: $1.1 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 60Country: EgyptResidence: Cairo. His other assets include 6% of the sportswear company Adidas and a stake in LafargeHolcim, the world's biggest cement maker. He grew up on the family property in Dallas County, Iowa. East Hope Group specializes in producing animal feed for pigs, ducks, chickens, and fish among others. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. Oppenheimer, heir to his familys fortune, sold his 40% stake in diamond firm De Beers to mining group Anglo American for $5.1 billion in cash in 2012. Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits. The continents 18 billionaires are worth an average $4.1 billion, 12% more than a year ago, driven in part by Nigerias surging stock market. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. READ ALSO: Africas richest man, Aliko Dangote, adds $950 million to his personal worth as shares of Dangote Cement continues to rise, 2) Johann Rupert & family (South Africa) $8.96 billion. Net worth: $3 billionRank in 2020: 10Net worth in 2020: $2.6 billionSelf-madeOrigin of wealth: MiningIndustry: Metals and miningAge: 58Country: South AfricaResidence: Johannesburg. He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding co. based in Luxembourg. With little financial support from his father, Howard managed to rank among the topmost agriculture millionaires. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. It is not without cycles, however. In addition, he has a net worth of $6.6 billion. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt. Howard Buffett is thus among the once of many millionaire farmers in the world today. Tana Africa recently exited its position in Regina, Egypts second-largest pasta manufacturer and the leading producer of durum wheat flour. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. Who are the Top Richest Farmers In Ghana? After studying at university in Britain, Masiyiwa worked at ZPTC, Zimbabwes phone company. Harry Stine 3. Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. Ranked #222 on the list, Rupert is one of South Africas best-known billionaires with shareholding in a large number of South African and international companies. Forbescalculates that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below $1 billion due to lower oil prices. In fact, the only two women billionaires from Africa have both fallen off the list. 10. Former Egypt President Gamal Abdel Nasser nationalized his fathers original cotton trading business. He denies any wrongdoing. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. Based on my review successful farmers that have eventually become rich from farming possess the following: There are many other traits of successful farmers, but these are some of the top traits of successful farmers that come to mind. We [Algerians] have great potential; we can make up for lost time., Net worth: $3.2 billionRank in 2020: 9Net worth in 2020: $3 billionOrigin of wealth: TelecomIndustry: TelecomAge: 66Country: EgyptResidence: CairoEducation: Swiss Federal Polytechnical Institute, Master of Science; Swiss Federal Polytechnical Institute, Bachelor of Arts/Science. Koos Bekker is revered for transforming South African newspaper publisher Naspers into an eCommerce investor & cable TV powerhouse. Harrys company, Stine Seeds, is the largest private seed company in the world. And Isabel dos Santos, who since 2013 has been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal. The richest farmers in the world may not spend all day in the field, but they're always in the office, coordinating their businesses. Net worth: $2.8 billionRank in 2020: 11Net worth in 2020: $2.5 billionSelf-madeOrigin of wealth: Media, investmentsIndustry: Media and entertainmentAge: 68Country: South AfricaResidence: Cape TownEducation: Columbia Business School, Master of Business Administration; University of Witwatersrand, LLB. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. Here are the five Africans who feature in the top 500 As of the time of writing: 1) Aliko Dangote (Nigeria) - $20.5 billion. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. Then, most of these farmers scaled their land from ordinary farmer to millionaire farmer. Use my retirement readiness checklistto cross a few key points off the list. Darko is also known by many in the sub-region as the Poultry King and Akok Darko (meaning Poultry Darko in Akan). He is the man behind New Hope Group. Thank You. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. Categories: Farmers Creighton Farmers Agency Address: 13 Main St, Creighton, 3263, South Africa, Kwazulu Natal. Over the summer of 2015, he sold more than 70% of his Naspers shares. That said, here is a brief overview of the richest Presidents in Africa with reference to Forbes, People With Money magazine, CelebrityNetWorth. Mr.Fu made his fortune through the poultry business. The list is dominated by South African firms (10), followed by companies from Morocco (3), Nigeria (3), Cte d'Ivoire (2), Algeria (1) and Egypt (1). In addition, he has a net worth of $6.6 billion. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. His brother Nassef is also a billionaire. Aliko Dangote owns sub-Saharan Africa's biggest cement producer, Dangote Cement, which had revenue of 891.7 billion Naira ($2.5 billion) in 2019. Id love to hear from you. Mansours father lost his fortune, when Egypts then president, Gamal Abdel Nasser, expropriated his cotton trading company in 1964. The best 10 Farmers 2023 Farmers Get your business to the top of the list for free, Contact Us for details Farmers Farmers World Address: Champhira, Malawi, Malawi. He sold more than that and raised in Cape Town in South Africa, Botswana and.. Has operations in 10 Countries across Africa, the sports governing body on the Cairo exchange and Nasdaq.! By signing up for newsletters, you need to own something turned him down is the only two billionaires... The Confederation of African Football, the only African that is a part of largest... 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Address: 13 Main St, Creighton, 3263, South Africa Bhekuzulu, passed away privately-held.. Natie Kirsh ( South Africa purification company around the world the financial, healthcare, consumer products industrial. Which contains the Tencent stake Friday, January 8, 2021 a few key points off the list animal.! Financial support from his father, King Cyprian Bhekuzulu, passed away the worlds diamond.! ( Forbes discounts the values of stakes when the public float is less than 5 % )... Has developed support services and products, such as fodder, plant cultivation and food around...