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 . Lilayi Farm Lilayi Rd Off Kafue Rd Lilayi, Lusaka . His farm, the Obasanjo Farms located at Ota, Ogun State is a multi-billion dollar enterprise with a nationwide reach and has been operating since 1979. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest . 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. The Nigerian billionaires wealth rose following a year-to-date price increase in the shares of Dangote Cement Plc. The Howard G. Buffett Foundation supports projects in the areas of agriculture, water, conservation, nutrition, humanitarian, and conflict/unaccompanied persons. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. However, thats okay. Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. From Bernard Parker, Itumeleng Khune, Teko Modise, and more, here's a list of top 10 rich soccer players in SA and their net worths. Koos Bekker is revered for transforming South African newspaper publisher Naspers into an eCommerce investor & cable TV powerhouse. Shares of Econet Wireless Zimbabwe, which he founded, rose more than 750% in the past year, helping to drive up the size of his fortune. A spokesman for the Nigerian Stock Exchange told Forbes that BUA Cement meets the second requirement. Howard Buffett 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. Let's review the habits of some of the richest farmers int he world. Olusegun Obasanjo. Liu Yonghao is among the most prosperous farmers in the world. Driving Web3 adoption in Africa: Q&A with Mouloukou Sanoh, co-founder of Cassava Network. Aliko Dangote stands at the top of the list when it comes to the richest men in Africa. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Cape Verde is completely surrounded by the Atlantic Ocean and has a total land area of approximately 4,000 square kilometres. Rupert says his biggest regret was not buying half of Gucci when he had the opportunity to do so for just $175 million. Here are the five Africans who feature in the top 500 As of the time of writing: 1) Aliko Dangote (Nigeria) - $20.5 billion. They got their fortune first from the Teleflora flower delivery service. Thank You. Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. All Rights Reserved. When speaking of beauty and brains, Judy is an individual that stands out on this list of richest women in South Africa. 2023/2024 Scout Africa - No 1 Portal To Discover The Best In Africa. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. At the same time, we will always need food. Harry Stine He also controls the world's largest luxury watchmaker, Cie. Financiere Richemont, through a family trust. He is mildly autistic and dyslexic, but he never allows these challenges overcome his drive and ambitious. The pandemic has a lot to do with this . As it stands, these preachers of the gospel are among the richest people on the continent. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. While yield-checking the soybean lines, he gained an understanding of what a conventional breeding program could bring to the soybean industry and growers. Read Top 10 Richest People in Kenya. Harry graduated from Central Dallas High School and McPherson College in Kansas. His net worth is around $3.4 billion. All of the continents billionaires are men; Isabel dos Santos of Angola fell off the Forbes list in January 2021. In 2019, Naspers put some assets into two publicly-traded companies, the entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. Shares . Real GDP growth: 3.4% Country group: developing lower-middle income economy Value of exports: $53,618 million (2019) He set up his own business in 1988 importing iron, steel and chemicals. Nassef Sawiris is an investor and a scion of Egypts wealthiest family.His most valuable asset is a nearly 6% stake in sportswear maker Adidas. 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. We need food now more than ever before. Nassef Sawiris is a scion of Egypts wealthiest family. How I Paid Off My Debt (Including The Best Way to Clear Debt Fast), Guest Interview With The White Coat Investor, Early Retirement Interview with Well Kept Wallet: Work Hard for FIRE, Disclaimer, Disclosure and Privacy Policy. Then, most of these farmers scaled their land from ordinary farmer to millionaire farmer. Qin Yinglin 7. What can you farm on 1 acre? Disclaimer:As much as we try to update the information database on daily basis. 1. 2023 - 2023/2024 Scout Africa. In October 2011, she became the non-executive chairman of. His brother Naguib is also a billionaire. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. He owns 85% of publicly-traded Dangote Cement through a holding company. He and his son retained a 96% stake in the company. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. 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. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. Naguib Sawiris is a scion of Egypts wealthiest family. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days. However, he recently got appointed the CEO and Chairman of the Howard G. Buffett Foundation. His company Almarai is one of the largest dairy operators in the Middle East. His other assets include 6% of the sportswear company Adidas and a stake in LafargeHolcim, the world's biggest cement maker. Howard Buffet is a son of US billionaire investor, Warren Buffet and is not only a businessman but also among the wealthiest American farmers. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. Not just traditional farming, but city farming and greenhouses. Read More:How Africas Richest Woman, Isabel dos Santos, Went Broke: The Unmaking Of A Billionaire. He is among the most successful millionaire farmers in China from a humble beginning as a chicken farmer. He formed East Hope Group Company in the early 1990s after an amicable business split from his brothers. In January 2020, the attorney general of Angola charged Dos Santos with embezzlement and money laundering. Dewji, who is known as Mo (short for Mohammed), launched Mo Cola several years ago to compete with Coca-Cola. Forbes estimated Ashimolowo's net worth is at between $6-10 million. A few of these farmers on our list are not just millionaires, they are billionaires. Howard Buffett 3. Belonging to Nigeria, he is the only African that is a part of the top 50 rich men in the world. They are worth a minimum of $1 billion. Copyright 2023. In March 2021, Motsepe was elected president of the Confederation of African Football, the sports governing body on the continent. Achieve the financially free lifestyle youve always wanted. Plot 4 - Root vegetables like beets, carrots, and turnips. AFRICAS BILLIONAIRES ARE RICHER than they have been in years. Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa. Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. Another gentleman among the top millionaire farmers is Harry Stine. That pushed Rabius fortune up by an extraordinary 77%, to $5.5 billion. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. 10 richest people in Africa Sam DCruz / Shutterstock.com 15 Richest People in Africa 15) Othman Benjelloun (Morocco) Net worth: $1.3 billion (2021) Age: 88 Othman Benjelloun is the CEO of. 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. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. They are one of the most celebrated dairy millionaire farmers in the world. In early January 2022, Rabiu listed his sugar and food firm BUA Foods on the Nigerian stock exchange with a market capitalization of nearly $2.8 billion. Blairo Maggi 4. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. He has spent most of his life as a farmer. Lets get into some background about farming and money. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. He joined his fathers soybean cleaning business in Adel, Iowa in 1964. Thanks for signing up for our daily insight on the African economy. 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. 5) Nassef Sawiris (Egypt) - $6.72 billion. The majority of his wealth is derived from a 75-per cent stake in Jetro Holdings, a New York-based conglomerate that manages two wholesale grocery businesses in the United States. Kenya - $269.29 billion. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. The family owns property in the Central Valley of California and South Texas. Itumeleng Khune, Bernard Parker, Teko Modise and Siphiwe . Liu Yonghao and Family Liu Yonghao is among the most prosperous farmers in the world. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. The Perich brothers have since expanded into property development, and the family fortune recently topped $1 billion. 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. Our list tracks the wealth of African billionaires who reside in Africa or have their primary business there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen, and billionaire London resident Mohamed Al-Fayed, an Egyptian citizen. Global Ranking: 31st Population: 219,641,919 GDP per capita: $2,326 (nominal, 2023 est.) 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. 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. He left ZPTC to start an engineering services firm, then sold it and founded Econet Wireless Zimbabwe, but had to battle the government in court for years. The company product range includes frozen chicken products for the food manufacturing industry, wholesale meat markets, and other markets as well. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a contracting business doing mine scut work. Tony Perich 5. Get the best of Forbes Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. Id love to hear from you. He is the man behind New Hope Group. Top 10 Richest Pastors in Africa 2022. METL operates in at least six African countries and has ambitions to expand to several more. Tony and Ron Perich are brothers that began with dairy business. 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. He co-owns Ranch Adarouch, one of the biggest cattle breeders in Africa. With both a million rewards points and a million dollar net worth you can live a happier lifestyle. Net worth: $2.5 billionRank in 2020: 7Net worth in 2020: $3.3 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 72Country: EgyptResidence: CairoEducation: Auburn University, Master of Business Administration. Read more on thesouthafrican.com. Categories: Farmers He also developed a luxury resort called Silversands on the Caribbean island of Grenada. 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