When the world see a poor continent, a few clever people see opportunity to invest and profit from the richest and the most exploited continent.
Up to now, there are 25 African billionaires this year, up from 24 last year. Nigerian businessmen Femi Otedola and Abdulsamad Rabiu failed to make the cut this year.
Mohammed Dewji of Tanzania is still the youngest billionaire in Africa with a fortune FORBES estimates at $1.09 billion.
Angolan investor Isabel dos Santos and oil tycoon Folorunsho Alakija of Nigeria still remain the only two female billionaires on the continent.
Nigeria, South Africa and Egypt boast as the countries with the most number of billionares.
Aliko Dangote boasts as not only the richest in Africa but the richest dark skinned man in the world.
Now lets get past the stories as we count down the top 10's of the richest, wealthiest humans in Africa
THIS LIST IS COLLECTIVELY FROM THE FORBES MAGAZINE. AND UPDATED ON 28/10/2017
10. ISSAD REBRAB AND FAMILY
Net Worth: $ 3.4 Billion
Country:ALGERIA
Age:73
Issad Rebrab founded Algeria's biggest privately held conglomerate, Cevital. It owns one of the largest sugar refineries in the world, with an annual output of 1.6 million tons; it also produces vegetable oil and margarine. Rebrab has been diversifying by buying European companies in distress. In 2014, he acquired Groupe Brandt, a large French-based maker of appliances that had filed for bankruptcy protection. Cevital has invested more than $200 million to build a Brandt plant in Algeria. Rebrab was reportedly a customer of Panamanian law firm Mossack Fonseca, which helped him set up offshore firms to register a Swiss bank account, in defiance of Algerian laws. Rebrab, whose five children work at the company, is the son of militants who fought for Algeria's independence from France.
09.ISABEL DOS SANTOS
Net Worth:$3.4 Billion
Country:ANGOLA
Age:44
Africa's richest woman, Isabel dos Santos is the oldest daughter of Angola's longtime president. Though her representatives deny that her holdings have any connection to her father, President Jose Eduardo dos Santos, FORBES research found that he transferred stakes in several Angolan companies to her. In June 2016, he appointed her the head of Sonangol, Angola's state oil firm. In February 2017 he announced he will not seek reelection. Dos Santos' assets in Angola include 25% of Unitel, the country's largest mobile phone network, and 42% of a bank, Banco BIC. In Portugal she owns nearly 6% of oil and gas firm Galp Energia (alongside Portuguese billionaire Americo Amorim), and nearly 19% of Banco BPI, the country's fourth-largest bank She is also a controlling shareholder of Portuguese cable TV and telecom firm Nos SGPS (formerly called Zon). In October 2015, four members of the European Parliament publicly called for an investigation into her investments in Portugal, questioning their legality. A spokesperson for Dos Santos told Forbes that "Isabel dos Santos is an independent business woman and a private investor representing solely her own interests. Her investments in Angolan and/or in Portuguese companies are transparent and have been conducted through arms length's transactions involving external entities such as reputed banks and law firms."
08.NAGUIB SAWIRIS
Net Worth:$ 3.9 Billion
Country:EGYPT
Age:63
Naguib Sawiris captured world headlines in 2015, when he offered to buy an island from Greece or Italy to settle refugees fleeing the war in Syria. "I am serious with my intentions," he told FORBES. Neither country took up his offer. Sawiris, who built his fortune in telecom, announced in December 2016 he was stepping down as CEO of Cairo-based Orascom Telecom Media & Technology (OTMT). The company's efforts to acquire an investment bank in March 2016 were stymied by Egypt's financial regulators, who accused OTMT of breaches pertaining to a five-year-old demerger of telecom assets. OTMT claims that the government has as a result hampered its ability to grow. In 2015, it exited the cell phone business in Egypt when it sold its stake in Mobinil to France's Orange. In North Korea, OTMT operates Koryolink, the country's only 3G mobile telecom firm, but lost financial control over the operator due to the government's maneuvers. Since 2013, Sawiris has built major stakes in gold mining companies that operate in Canada, Australia and Africa.
07. NATHAN KIRSCH
Net Worth:$ 4.2 Billion
Country:SWAZILAND
Age:85
Nathan Kirsh made his first fortune in his native Swaziland, founding a corn milling business in the country in 1958. He expanded into wholesale food distribution in apartheid South Africa, and then into supermarkets and commercial property development. South African insurance company Sanlam bought 49% of Kirsh's company, and he entered into agreements to build a slew of what turned out to be financially unviable shopping malls -- backed by company assets. Suddenly, Kirsh was broke. The bulk of his current fortune comes from Jetro Holdings, which operates Jetro Cash and Carry stores and Restaurant Depots in the New York City area -- supplying wholesale goods to bodegas, small stores and restaurants. Kirsh's charitable endeavors are focused on Swaziland, where he has supplied more than 12,000 people with starter capital for small businesses.
06. CHRISTOFFEL WIESE
Net Worth:$4.4 Billion
Country: SOUTH AFRICA
Age:76
Bargain Shopping African retail tycoon made an end run on big urban-market competitors by targeting rural and low-income areas with rock-bottom prices and everyday items. His central distribution system also made more efficient work of stocking shelves. Wiese today presides over 11,000 stores across 30 countries.
05. MIKE ADENUGA
Net Worth:$5.1 Billion
Country:NIGERIA
Age:64
Mike Adenuga, Nigeria's second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the second largest operator in Nigeria with 36 million subscribers; it also has operations in Ghana and the Republic of Benin. His exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. He also owns real estate firm Proline Investments, which has hundreds of properties throughout Nigeria. Adenuga studied in the United States, getting an MBA at Pace University in New York, where he worked as a taxi driver to support himself. He returned to Nigeria and made his first fortune trading lace and Coca-Cola. Along the way he made friends with Nigerian military bigwigs who awarded him lucrative state contracts; those formed the foundation of his fortune. His estimated net worth is lower this year due to the drop in value of Nigeria's currency, challenges in the oil sector, and overall weakness in Nigeria's economy.
04. NASSEF SAWIRIS
Net Worth:$6.3 Billion
Country:EGYPT
Age:56
Egypt's richest businessman, Nassef Sawiris, runs OCI, one of the largest nitrogen fertilizer producers in the world. It has plants in Texas, and is building facilities in Iowa. Originally Orascom Construction Industries, Sawiris split the company into two entities in 2015. Orascom Construction now trades on Egypt's exchange and Nasdaq Dubai, while OCI, the fertilizer and chemicals business, trades on the Euronext Amsterdam exchange. Sawiris also owns nearly 5% of cement giant LafargeHolcim, and 7% of Adidas. A University of Chicago graduate, he donated $20 million to the school in 2015 to establish a scholarship program named after his father, Onsi. The funds benefit Egyptian students.
03. JOHANN RUPERT & FAMILY
Net Worth: $7 Billion
Country:SOUTH AFRICA
Age:67
Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Best known for the brands Cartier and Montblanc, the company was formed in 1998 by spinning off international assets owned by Rembrandt Group Limited (now Remgro Limited), a South African company his father Anton founded in the 1940s as a tobacco manufacturer. Rupert owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding company based in Luxembourg that has a stake in British American Tobacco. He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land. Rupert says his biggest regret was not not buying half of Gucci when he had the opportunity to do so for just $175 million, adding that his advice to entrepreneurs is to "follow your gut."
02.NICKY OPPENHEIMER & FAMILY
Net Worth: $7.1 Billion
Country:SOUTH AFRICA
Age:72
The DeBeers diamond heir sold his 40% stake in DeBeers to Anglo American for $5.1 billion in cash in 2012.
Anglo American, which Nicky's grandfather founded, controls 85% of De Beers.
He served on Anglo American's board for 37 years until 2011, and retains an estimated 1% stake in the company.
01.ALIKO DANGOTE
Net Worth: $13.3 Billion
Country:NIGERIA
Age:60
Dangote, Africa's richest man, founded and chairs Dangote Cement, the continent's largest cement producer.
He owns about 90% of publicly-traded Dangote Cement through a holding company.
Dangote Cement produces 44 million metric tons annually and plan to increase its output 33% by 2020.
Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies
Born 10 April 1957 Dangote is owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries, including Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia.As of February 2017, he had an estimated net worth of US$12.5 billion. now surpassing and reaching upto 13.3
Dangote is ranked by Forbes magazine as the 67th richest person in the world and the richest in Africa, and peaked on the list as the 23rd richest person in the world in 2014. He surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over $2.6 billion to become the world's richest person of African descent.
Up to now, there are 25 African billionaires this year, up from 24 last year. Nigerian businessmen Femi Otedola and Abdulsamad Rabiu failed to make the cut this year.
Mohammed Dewji of Tanzania is still the youngest billionaire in Africa with a fortune FORBES estimates at $1.09 billion.
Angolan investor Isabel dos Santos and oil tycoon Folorunsho Alakija of Nigeria still remain the only two female billionaires on the continent.
Nigeria, South Africa and Egypt boast as the countries with the most number of billionares.
Aliko Dangote boasts as not only the richest in Africa but the richest dark skinned man in the world.
Now lets get past the stories as we count down the top 10's of the richest, wealthiest humans in Africa
THIS LIST IS COLLECTIVELY FROM THE FORBES MAGAZINE. AND UPDATED ON 28/10/2017
10. ISSAD REBRAB AND FAMILY Net Worth: $ 3.4 Billion
Country:ALGERIA
Age:73
Issad Rebrab founded Algeria's biggest privately held conglomerate, Cevital. It owns one of the largest sugar refineries in the world, with an annual output of 1.6 million tons; it also produces vegetable oil and margarine. Rebrab has been diversifying by buying European companies in distress. In 2014, he acquired Groupe Brandt, a large French-based maker of appliances that had filed for bankruptcy protection. Cevital has invested more than $200 million to build a Brandt plant in Algeria. Rebrab was reportedly a customer of Panamanian law firm Mossack Fonseca, which helped him set up offshore firms to register a Swiss bank account, in defiance of Algerian laws. Rebrab, whose five children work at the company, is the son of militants who fought for Algeria's independence from France.
09.ISABEL DOS SANTOSNet Worth:$3.4 Billion
Country:ANGOLA
Age:44
Africa's richest woman, Isabel dos Santos is the oldest daughter of Angola's longtime president. Though her representatives deny that her holdings have any connection to her father, President Jose Eduardo dos Santos, FORBES research found that he transferred stakes in several Angolan companies to her. In June 2016, he appointed her the head of Sonangol, Angola's state oil firm. In February 2017 he announced he will not seek reelection. Dos Santos' assets in Angola include 25% of Unitel, the country's largest mobile phone network, and 42% of a bank, Banco BIC. In Portugal she owns nearly 6% of oil and gas firm Galp Energia (alongside Portuguese billionaire Americo Amorim), and nearly 19% of Banco BPI, the country's fourth-largest bank She is also a controlling shareholder of Portuguese cable TV and telecom firm Nos SGPS (formerly called Zon). In October 2015, four members of the European Parliament publicly called for an investigation into her investments in Portugal, questioning their legality. A spokesperson for Dos Santos told Forbes that "Isabel dos Santos is an independent business woman and a private investor representing solely her own interests. Her investments in Angolan and/or in Portuguese companies are transparent and have been conducted through arms length's transactions involving external entities such as reputed banks and law firms."
08.NAGUIB SAWIRIS Net Worth:$ 3.9 Billion
Country:EGYPT
Age:63
Naguib Sawiris captured world headlines in 2015, when he offered to buy an island from Greece or Italy to settle refugees fleeing the war in Syria. "I am serious with my intentions," he told FORBES. Neither country took up his offer. Sawiris, who built his fortune in telecom, announced in December 2016 he was stepping down as CEO of Cairo-based Orascom Telecom Media & Technology (OTMT). The company's efforts to acquire an investment bank in March 2016 were stymied by Egypt's financial regulators, who accused OTMT of breaches pertaining to a five-year-old demerger of telecom assets. OTMT claims that the government has as a result hampered its ability to grow. In 2015, it exited the cell phone business in Egypt when it sold its stake in Mobinil to France's Orange. In North Korea, OTMT operates Koryolink, the country's only 3G mobile telecom firm, but lost financial control over the operator due to the government's maneuvers. Since 2013, Sawiris has built major stakes in gold mining companies that operate in Canada, Australia and Africa.
07. NATHAN KIRSCHNet Worth:$ 4.2 Billion
Country:SWAZILAND
Age:85
Nathan Kirsh made his first fortune in his native Swaziland, founding a corn milling business in the country in 1958. He expanded into wholesale food distribution in apartheid South Africa, and then into supermarkets and commercial property development. South African insurance company Sanlam bought 49% of Kirsh's company, and he entered into agreements to build a slew of what turned out to be financially unviable shopping malls -- backed by company assets. Suddenly, Kirsh was broke. The bulk of his current fortune comes from Jetro Holdings, which operates Jetro Cash and Carry stores and Restaurant Depots in the New York City area -- supplying wholesale goods to bodegas, small stores and restaurants. Kirsh's charitable endeavors are focused on Swaziland, where he has supplied more than 12,000 people with starter capital for small businesses.
06. CHRISTOFFEL WIESE
Net Worth:$4.4 Billion
Country: SOUTH AFRICA
Age:76
Bargain Shopping African retail tycoon made an end run on big urban-market competitors by targeting rural and low-income areas with rock-bottom prices and everyday items. His central distribution system also made more efficient work of stocking shelves. Wiese today presides over 11,000 stores across 30 countries.
05. MIKE ADENUGANet Worth:$5.1 Billion
Country:NIGERIA
Age:64
Mike Adenuga, Nigeria's second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the second largest operator in Nigeria with 36 million subscribers; it also has operations in Ghana and the Republic of Benin. His exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. He also owns real estate firm Proline Investments, which has hundreds of properties throughout Nigeria. Adenuga studied in the United States, getting an MBA at Pace University in New York, where he worked as a taxi driver to support himself. He returned to Nigeria and made his first fortune trading lace and Coca-Cola. Along the way he made friends with Nigerian military bigwigs who awarded him lucrative state contracts; those formed the foundation of his fortune. His estimated net worth is lower this year due to the drop in value of Nigeria's currency, challenges in the oil sector, and overall weakness in Nigeria's economy.
04. NASSEF SAWIRIS Net Worth:$6.3 Billion
Country:EGYPT
Age:56
Egypt's richest businessman, Nassef Sawiris, runs OCI, one of the largest nitrogen fertilizer producers in the world. It has plants in Texas, and is building facilities in Iowa. Originally Orascom Construction Industries, Sawiris split the company into two entities in 2015. Orascom Construction now trades on Egypt's exchange and Nasdaq Dubai, while OCI, the fertilizer and chemicals business, trades on the Euronext Amsterdam exchange. Sawiris also owns nearly 5% of cement giant LafargeHolcim, and 7% of Adidas. A University of Chicago graduate, he donated $20 million to the school in 2015 to establish a scholarship program named after his father, Onsi. The funds benefit Egyptian students.
03. JOHANN RUPERT & FAMILYNet Worth: $7 Billion
Country:SOUTH AFRICA
Age:67
Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Best known for the brands Cartier and Montblanc, the company was formed in 1998 by spinning off international assets owned by Rembrandt Group Limited (now Remgro Limited), a South African company his father Anton founded in the 1940s as a tobacco manufacturer. Rupert owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding company based in Luxembourg that has a stake in British American Tobacco. He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land. Rupert says his biggest regret was not not buying half of Gucci when he had the opportunity to do so for just $175 million, adding that his advice to entrepreneurs is to "follow your gut."
02.NICKY OPPENHEIMER & FAMILYNet Worth: $7.1 Billion
Country:SOUTH AFRICA
Age:72
The DeBeers diamond heir sold his 40% stake in DeBeers to Anglo American for $5.1 billion in cash in 2012.
Anglo American, which Nicky's grandfather founded, controls 85% of De Beers.
He served on Anglo American's board for 37 years until 2011, and retains an estimated 1% stake in the company.
01.ALIKO DANGOTENet Worth: $13.3 Billion
Country:NIGERIA
Age:60
Dangote, Africa's richest man, founded and chairs Dangote Cement, the continent's largest cement producer.
He owns about 90% of publicly-traded Dangote Cement through a holding company.
Dangote Cement produces 44 million metric tons annually and plan to increase its output 33% by 2020.
Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies
Born 10 April 1957 Dangote is owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries, including Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia.As of February 2017, he had an estimated net worth of US$12.5 billion. now surpassing and reaching upto 13.3
Dangote is ranked by Forbes magazine as the 67th richest person in the world and the richest in Africa, and peaked on the list as the 23rd richest person in the world in 2014. He surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over $2.6 billion to become the world's richest person of African descent.
Comments
Post a Comment