Aliko Dangote | Sub-Saharan Africa | Net Worth: $11 Billion USD 9. Colin and Dale Armer 6. Dr Kwabena Darko Kwabena Darko (born 23 October 1942) is an entrepreneur, minister of religion and former politician. Farming also requires the formulation of proper strategies and keeping of accounts of the business cash flows. 15 agricultural innovations to help you be a millionaire farmer. Ghana has poultry, fish, and beef, but agriculture, particularly cocoa and gold, contributes about half of the country's gross domestic product. He owns 85% of publicly-traded Dangote Cement through a holding company. He's made appearances in a few editions of Forbes, the business magazine popular with global corporate heavyweights and the high net-worth set. At a glance, Masiyiwa might seem to be a misplaced representative for African agriculture. AFRICAS BILLIONAIRES ARE RICHER than they have been in years. He denies any wrongdoing. Your email address will not be published. If you reinvest the income from farming, you can really take your business from ordinary farm to an everlasting enterprise. Rabiu, the son of a businessman, inherited land from his father. Prince Sultans real net worth is $3.8 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. Net worth: $1.1 billionRank in 2020: 12Net worth in 2020: $2.3 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 59Country: EgyptResidence: CairoEducation: George Washington University. Lets get into our list of the top millionaire farmers in the world. 3) Nicky Oppenheimer (South Africa) $8.35billion. Liu and his brothers are millionaire farmers and made it to the top wealthiest farmers list by focusing mostly on the agriculture and animal husbandry sector. If you notice any incorrect data which might be correct at the time of writing, kindly contact us to make the necessary changes. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. Ethiopia - $298.57 billion. Agrofert owns over 100,000 ha of farmland, producing 265 million eggs per annum and 840,000 tons of animal feed. By the end of 2013, China Minsheng Bank had more than 500 subsidiaries and branches. Millionaire Mob is an early retirement blog focused on passive income, personal finance, dividend growth investing and travel hacking. 5) Nassef Sawiris (Egypt) - $6.72 billion. Read More:How Africas Richest Woman, Isabel dos Santos, Went Broke: The Unmaking Of A Billionaire. Use my retirement readiness checklistto cross a few key points off the list. Top 10 Richest Pastors in Africa 2022. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Net worth: $1.5 billionRank in 2020: 14Net worth in 2020: $1.9 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 75Country: EgyptResidence: CairoEducation: Auburn University, Master of Business Administration; North Carolina State University, Bachelor of Science in Engineering. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Having started with zero capital, Colin and Dale bought 140 cows to share the farm with a focus on making profits. Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. The company has developed support services and products, such as fodder, plant cultivation and food processing around animal husbandry. Over the summer of 2015, he sold more than 70% of his Naspers shares. Dangote Group founder Aliko Dangote has topped the 2018 list. Obasanjo Farms also has branches at Igbo-Ora, as well as Ibadan, both in Oyo State. thesouthafrican.com - Shyleen Choruma 3h. His own empire conflates telecommunications, technology, and media. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. Harry Stine Farming is undoubtedly one of the most proven ventures in history. Cape Verde is completely surrounded by the Atlantic Ocean and has a total land area of approximately 4,000 square kilometres. 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. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. These are the top 10 richest people and Billionaires from Africa in the year 2023.. With both a million rewards points and a million dollar net worth you can live a happier lifestyle. Dangote Refinery has been under construction since 2016 and is expected to be one of the worlds largest oil refineries once complete. As it stands, these preachers of the gospel are among the richest people on the continent. Successful farmers always have the highest yielding equipment and continue to reinvest into their business. Published 3 hours ago on February 25, 2023 By Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. That pushed Rabius fortune up by an extraordinary 77%, to $5.5 billion. He denies any wrongdoing. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days. Ranked #329 on the list is Egypt's richest person, Nassef Sawiris. He made his first million at age 26 selling lace and distributing soft drinks. South African Nicky Oppenheimer, who formerly ran diamond mining firm DeBeers before selling it to mining firm Anglo American a decade ago, ranks No. He placed his company, Agrofert, into a trust to avoid conflicts of interest. Top 10 Richest Pastors in Africa & Their Net Worth. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. 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 . He set up his own business in 1988 importing iron, steel and chemicals. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. He is mildly autistic and dyslexic, but he never allows these challenges overcome his drive and ambitious. In October 2011, she became the non-executive chairman of. East Hope Group specializes in producing animal feed for pigs, ducks, chickens, and fish among others. South Africa - $861.93 billion. However, thats okay. Strive Masiyiwa, a citizen of Zimbabwe and a London resident appears on the list due to his telecom holdings in Africa. 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. Get the best of Forbes Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Liu Yongxing 2. Fu Guangming is currently the chairman of Fujian Sunner Development. Dewji, who is known as Mo (short for Mohammed), launched Mo Cola several years ago to compete with Coca-Cola. The combined firm, called BUA Cement Plc, trades on the Nigerian Stock Exchange; Rabiu owns 98.5% of it. 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. Colin and Dale Armer is a couple from New Zealand. In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down. Mansour worked as a busboy in a pizza parlor while at North Carolina State University to pay for college. Colin and Dales wealth is around $240 million, and they also own the Dairy Holding whose value is approximately $535 million. They certainly learned from these. Here are the five Africans who feature in the top 500 As of the time of writing: 1) Aliko Dangote (Nigeria) - $20.5 billion. 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. Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. 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. Through a spokesperson, Dos Santos declined to comment. He is followed by Nicky Oppenheimer, with a net worth of $7.6 billion, down from $8 billion the previous year. Companies are ranked according to turnover. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Fu Guangming 7. Successful farmers possess the true entrepreneurial spirit. 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. Besides the dairy farms, Prince Sultan Al Kabeer also owns a stud farm outside of Riyadh, where he trains approximately 100 horses. His Babylonstoren estate, nearly 600 acres in South Africas Western Cape region, features architecture dating back to 1690, a farm, orchard and vineyard and more. The wealthiest rapper was born and raised in Cape Town in South Africa. CAPE VERDE. I admire Howard Buffett for his devotion to impact investing and leaving a lasting legacy. The continents billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. He was the third generation of his family to run DeBeers, and took the company private in 2001. The company which was then known as Paramount Farm soon became the largest pistachios and almonds producers in the world. She is also one of the richest women in South Africa, with an estimated net worth of about R124 million. 3. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. Agriculture, banking, tourism, mining, transportation, energy, real estate, telecommunications, and insurance are among the businesses in which the family has invested. 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. 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. We bring you daily editor picks from the best Business Insider news content so you can stay updated on the latest topics and conversations on the African market, leaders, careers and lifestyle. 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. Individuals who are from Africa, but don't reside in the continent (such as Elon Musk and . Former Egypt President Gamal Abdel Nasser nationalized his fathers original cotton trading business. Benjelloun and his wife received the David Rockefeller Bridging Leadership Award for building schools in rural Morocco in 2016. Qin Yinglin 7. Net worths were calculated using stock prices and currency exchange rates from the close of business on Wednesday, January 19, 2022. CEO of Topman farms Anthony Kofi Gyamfi specializes in animal farming and is one of the largest Poultry farms in Ghana. And by a lot, we mean a LOT! All Rights Reserved. All Rights Reserved. Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. His parents are Mr. John Dumelo who was a Civil Engineer and Mrs. Antoinette Dumelo a Customs Officer. Net worth: $4.8 billionRank in 2020: 6Net worth: $4.4 billionSelf-madeOrigin of wealth: FoodIndustry: Food and beverageAge: 77Country: AlgeriaResidence: Algiers. Michael Adenuga - $9.2 Billion. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. Oppenheimer is a sports fan and plays squash, golf and cricket. Mr. Perich met his wife Julia on the boat, and soon they settled down in the then broad acres of southwest Sydney to do farming. Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. His company Almarai is one of the largest dairy operators in the Middle East. Itumeleng Khune, Bernard Parker, Teko Modise and Siphiwe . With a net worth of $12 million, Kiernan Jarry, a South African rapper is currently the richest rapper in Africa. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. Farming and agriculture has a poor image in popular culture, but it remains a solid investment for families and people around the world. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. popular posts. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. 6. Harry graduated from Central Dallas High School and McPherson College in Kansas. In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. Real GDP growth: 3.4% Country group: developing lower-middle income economy Value of exports: $53,618 million (2019) His dairy farm became the foundation that his two sons, Ron and Tony, would later advance. Net worth: $6.3 billionRank in 2020: 3Net worth in 2020: $7.7 billionSelf-madeOrigin of wealth: Telecom, oilIndustry: DiversifiedAge: 67Country: NigeriaResidence: LagosEducation: Pace University, Master of Business Administration. BY KERRY A. DOLAN AFRICA'S BILLIONAIRES ARE RICHER than they have been in years. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. His New Hope Group maintains extensive interests in animal feed, property, logistics and dairy products. Africas billionaires are richer than they have been in years. Andrej is the deputy prime minister and minister of finance of the Czech Republic. Net worth: $3 billionRank in 2020: 10Net worth in 2020: $2.6 billionSelf-madeOrigin of wealth: MiningIndustry: Metals and miningAge: 58Country: South AfricaResidence: Johannesburg. 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