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. Get this delivered to your inbox, and more info about about our products and services. His business revolves around sugar, cement, and flour. 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. Adenuga, Nigerias second richest man, built his fortune in telecom and oil production. In December 2020, he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of NBA Nicks and the NHL Rangers teams. Plot 4 Root vegetables like beets, carrots, and turnips. Rabiu, the son of a businessman, inherited land from his father. He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. Money makes money and these 10 people have made a lot of it over the years. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. "With higher overall foodgrain production, we expect farmers' income to remain . The pandemic has a lot to do with this . His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. In this video, we'll be exploring the top 10 richest countries in Africa based on their Gross Domestic Product (GDP). South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. They got their fortune first from the Teleflora flower delivery service. With a growing population and a shrinking land base, I anticipate farming will only need to get more efficient. Copyright 2023. Olusegun Obasanjo. Dangote Group founder Aliko Dangote has topped the 2018 list. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. Harrys found some unusual soybean plants in one of the company fields which piqued his interest in research and seed breeding. Net worth: $4.8 billionRank in 2020: 6Net worth: $4.4 billionSelf-madeOrigin of wealth: FoodIndustry: Food and beverageAge: 77Country: AlgeriaResidence: Algiers. Andrej Babis 5. His company supplies chicken for KFC restaurants throughout China. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. 1. The continent's billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. 10. Rabiu, the son of a businessman, inherited land from his father. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. By David Dawkins, Ariel Shapiro, Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A. Dolan. They certainly learned from these. He is also a businessman and a politician, born on October 1959. They need to learn how to reinvest properly or build a personal financial plan. Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. I believe that this list of the top ten millionaire farmers has offered you valuable insights and is proof that farming is a profitable industry. What can you farm on 1 acre? Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. Dangotes grandfather was a successful trader of rice and oats in Kano, Nigerias second-largest city. Get the best of Forbes Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Aliko Dangote | Sub-Saharan Africa | Net Worth: $11 Billion USD 9. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. Forbes Magazine's list of the top 10 richest African musicians in 2022. 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. Farming is undoubtedly one of the most proven ventures in history. He made his first million at age 26 selling lace and distributing soft drinks. Obasanjo Farms also has branches at Igbo-Ora, as well as Ibadan, both in Oyo State. Please let us know in the comments below. The family owns property in the Central Valley of California and South Texas. A spokesman for the Nigerian Stock Exchange told Forbes that BUA Cement meets the second requirement. Soaring stock prices from Nigeria to Zimbabwe lifted the fortunes of these tycoons, as demand for products and services from telecom to luxury goods ticked up. Kwabena Darko (born 23 October 1942) is an entrepreneur, minister of religion and former politician. The two brothers have a significant stake in joint venture Australian Fresh Milk Holdings which is the countrys most massive dairy milking operation. All of the continents billionaires are men; Isabel dos Santos of Angola fell off the Forbes list in January 2021. Let's review the habits of some of the richest farmers int he world. Mr.Fu made his fortune through the poultry business. Here are the top 5 richest women in South Africa, including a brief description of what they do and their net worths. 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. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. 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. Fu Guangming is currently the chairman of Fujian Sunner Development. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. 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. They own Armer Farms, a company in New Zealands North Island. We give you the opportunity to scout Africa and explore the latest opportunities , news and updates in Africa. Nigerian cement tycoon Abdulsamad Rabiu is $1.5 billion richer after taking yet another of his companies public, following the listing of BUA Cement in January 2020. He owns 85% of publicly-traded Dangote Cement through a holding company. Ranked #240 on the list, Nicky Oppenheimer is South Africas second-richest person with a net worth of $8.35billion. They started as farmers, but grew into much more than that. He was the third generation of his family to run DeBeers, and took the company private in 2001. The late Robert Mugabe was a former revolutionary and Zimbabwean politician best known for his struggles against the British when Zimbabwe was . 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 ? In 1997, he bought low-producing gold mine shafts and later turned them profitable. Farmers homes are their businesses. She is also one of the richest women in South Africa, with an estimated net worth of about R124 million. Tony and Ron Perich inherited the business from their father, Kolombo Perich. Harry Stine (America) 5. 3) Nicky Oppenheimer (South Africa) $8.35billion. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. It is possible that we might miss some or delay in updating some content due to the sheer volume of articles. Isolate or diversify their business from weather patterns. 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. 1. They partner with Chinese agricultural giant New Hope. All posts may contain affiliate links. He created Rusagro, one of the most prominent sugar and pork producers in Russia. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun built it into a leading insurer. Thanks for signing up for our daily insight on the African economy. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. The Howard G. Buffett Foundation supports projects in the areas of agriculture, water, conservation, nutrition, humanitarian, and conflict/unaccompanied persons. Since 2015, he became the board chairman of Rusagro. The wealthiest rapper was born and raised in Cape Town in South Africa. 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. 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. Brazil Vs Ghana ; Where To Watch Friendly Match Between The Top Teams. Dewji retired from Tanzanias parliament in early 2015 after completing two terms. They are one of the most celebrated dairy millionaire farmers in the world. It also has interests in sugar, salt, oil, fertiliser and packaged food. He is the man behind New Hope Group. Farming is one of the most straightforward business ventures in the world. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Modern agriculture and new technologies have helped foster the development of successful farms around the world. Dewji, who is known as Mo (short for Mohammed), launched Mo Cola several years ago to compete with Coca-Cola. The two millionaire farmers have a net worth of $4 billion. 3, worth an estimated $8.7 billion. 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). After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. As it stands, these preachers of the gospel are among the richest people on the continent. Colin and Dales wealth is around $240 million, and they also own the Dairy Holding whose value is approximately $535 million. 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. It all began in 1978 when the Resnicks moved into the agricultural business after the purchase of some orange groves in Kern County. Sawiris helped found The Free Egyptians, a liberal political party, at the onset of Egypts uprisings in 2011. As per the index, President Dangote Group, Aliko Dangote, has retained his position as the continent's wealthiest man for the eleventh year in a row with a net worth of $20.5 billion, up from $20.3 billion last month. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. The Richest Africans is an annual ranking of the richest African people, compiled and published by the American business magazine Forbes.The list has been published since 2015. Andrej is the deputy prime minister and minister of finance of the Czech Republic. Thank You. And His Current, Alexander Djiku Biography ; How old is Djiku? To value privately-held businesses, we start with estimates of revenues or profits and apply prevailing price-to-sale or price-to-earnings ratios for similar public companies. Tony Perich 5. Below are some ideas and leads on the four paths to success. Oppenheimer is a sports fan and plays squash, golf and cricket. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. Financial data refers to 2009 or 2009/10. 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. Net worth: $1.6 billionRank in 2020: 16Net worth in 2020: $1.6 billionOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 45Country: TanzaniaResidence: Dar es Salaam. Nearly half of all Americans today purchase one of their products, including Halos mandarin oranges, POM Wonderful, and Fiji Water. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. And His Current Teams, Alexander Djiku Biography ; How old is Djiku? Read Top 10 Richest People in Kenya. In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down. Some list members grow richer or poorer within weeks-or days-of our measurement date. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. 1. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews. Kiernan Jarry who is popularly known as AKA is a rapper, record producer, singer as well as and entrepreneur. What millionaire farmers do you know? Buffett has traveled to over 130 different countries around the world. Stewart and Lynda Resnick are millionaire farmers and among the wealthiest American farmers. Belonging to Nigeria, he is the only African that is a part of the top 50 rich men in the world. He owns the largest privately owned agro-industrial concern in Ghana and is listed in "Who's Who in World Poultry". This video fully revolves around the information provided by "Forbes top . METL operates in at least six African countries and has ambitions to expand to several more. See the full list of Africas billionaires here. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. These millionaires followed several key money hacks to build their wealth and stay dedicated to their business. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy. scoutafrica.net is a media platform that provides you information on what Transpires In Africa. Former President Olusegun Obasanjo is one of the richest farmers in Nigeria in 2022. If you notice any incorrect data which might be correct at the time of writing, kindly contact us to make the necessary changes. 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. Who are the Top Richest Farmers In Ghana? Liu Yonghao and Family Liu Yonghao is among the most prosperous farmers in the world. He made his first million at age 26 selling lace and distributing soft drinks. Categories: Farmers Robert Mugabe (Former and Late, Zimbabwe) $10million. Not only is Ethiopia one of Africa's wealthiest countries, it's also steeped in history. Contents [ hide] 10. Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. 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 few of these farmers on our list are not just millionaires, they are billionaires. Pastor Enoch Adeboye - Net Worth $130 million. In fact, the only two women billionaires from Africa have both fallen off the list. Tana Africa recently exited its position in Regina, Egypts second-largest pasta manufacturer and the leading producer of durum wheat flour. 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