Fellow South African Jannie Moutons PSG Group owns a 30% stake in Capitec Bank. 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. Dangotes grandfather was a successful trader of rice and oats in Kano, Nigerias second-largest city. They focus on mergers and acquisitions to expand the business into new verticals or lines of distribution. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. Forbescalculates that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below $1 billion due to lower oil prices. Isolate or diversify their business from weather patterns. He placed his company, Agrofert, into a trust to avoid conflicts of interest. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. A spokesman for the Nigerian Stock Exchange told Forbes that BUA Cement meets the second requirement. 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. What millionaire farmers do you know? His company supplies chicken for KFC restaurants throughout China. He owns 85% of publicly-traded Dangote Cement through a holding company. They now own a company called the Wonderful Company. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. After many years in development, Dangotes fertilizer plant in Nigeria began operations in mid-2021. Find Farmers in Zambia and get directions and maps for local businesses in Africa. Liu Yongxing 2. AFRICAS BILLIONAIRES ARE RICHER than they have been in years. On 1 April 2014 he emerged as the first Ghanaian to hit a million likes on Facebook. 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. Contents [ hide] 8. You can also attain wealth by investing and taking advantage of the compound interest snowball. If you are a millionaire, you still may not know if you are ready to retire. He grew up on the family property in Dallas County, Iowa. Your email address will not be published. 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. A strong agriculture system is core to our well-being. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. This is why financial planning is even more important for farmers. 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. They certainly learned from these. They got their fortune first from the Teleflora flower delivery service. Get your business to the top of the list for free, Contact Us for details Farmers in Zambia . 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. 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. The company has developed support services and products, such as fodder, plant cultivation and food processing around animal husbandry. Agriculture, banking, tourism, mining, transportation, energy, real estate, telecommunications, and insurance are among the businesses in which the family has invested. Darko is also known by many in the sub-region as the Poultry King and Akok Darko (meaning Poultry Darko in Akan). FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies. At a glance, Masiyiwa might seem to be a misplaced representative for African agriculture. Michael Adenuga - $9.2 Billion. Shares of Econet Wireless Zimbabwe, which he founded, rose more than 750% in the past year, helping to drive up the size of his fortune. They are significant shareholders in corporate business Dairy Holdings which own 59 dairy farms, 48,010 cows and produce 17.3 million kilograms of milk solids per year. Aliko Dangote, Africas richest person, founded and chairs Dangote Cement, the continents largest cement producer. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. Former Egypt President Gamal Abdel Nasser nationalized his fathers original cotton trading business. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. and His, Thabo Mbeki Biography , Age , Houses , Cars & Net, Patrice Motsepe Biography , Age & Net worth, How To Download Waptrick TV Shows And Movies, Make Money Online In South Africa ; Top 15 Real Ways, SASSA Status Check for R350 Payment Dates, How To SASSA Online Login srd.sassa.gov.za, How To Fill TVET Colleges NSFAS Application Form. Isabel's first business venture was in 1997, which was the opening of her Miami Beach Club in Luanda Island. Former President Olusegun Obasanjo is one of the richest farmers in Nigeria in 2022. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. It is present mostly in the Chinese market, but also in a few countries abroad, such as Singapore, Vietnam, Indonesia, or Cambodia. 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. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. 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. His brother Nassef is also a billionaire. Andrej Babis is another millionaire farmer in the Czech Republic. He denies any wrongdoing. Altogether they 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. He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother. Net worth: $1.3 billionRank in 2020: 17Net worth in 2020: $1.4 billionOrigin of wealth: Banking, insuranceIndustry: Finance and investmentsAge: 88Education: Ecole Polytechnique de Lausanne, Diploma. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. 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. These are the top 10 richest people and Billionaires from Africa in the year 2023.. Fujian Sunner mainly deals with breeding, slaughtering and meat processing of chicken, mostly in China. Stine Seeds has created some of the most genetically robust soybean seeds. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Wendy Appelbaum; Wendy Appelbaum is currently the richest women in South Africa. Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. 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. Top 10 Richest Musicians in Africa. Thank You. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. Without further ado, lets look at the top ten wealthiest farmers in the world (not in any particular order). Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. Only two of the 18 billionaires have net worths that are lower than last year: Koos Bekker of South Africa, who dropped to $2.7 billion from $2.8 billion, and Mohammed Dewji of Tanzania, whose fortune fell to $1.5 billion from $1.6 billion a year ago. The company is best known for the brands Cartier and Montblanc. Strive Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. Let's review the habits of some of the richest farmers int he world. He owns 85% of publicly-traded Dangote Cement through a holding company. Millionaire Mob is an early retirement blog focused on passive income, personal finance, dividend growth investing and travel hacking. Aliko Dangote, Africas richest person, founded and chairs Dangote Cement, the continents largest cement producer. Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. In Africaas elsewhere in the worldthe wealthiest have come through the pandemic just fine. Not only is Ethiopia one of Africa's wealthiest countries, it's also steeped in history. Mr.Fu made his fortune through the poultry business. Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. As it stands, these preachers of the gospel are among the richest people on the continent. Lilayi Farm Lilayi Rd Off Kafue Rd Lilayi, Lusaka . Through farming, these people are in a way already financially free. 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. Successful farmers dont always have to be rich farmers. Over the summer of 2015, he sold more than 70% of his Naspers shares. He is also a businessman and a politician, born on October 1959. Farming also requires the formulation of proper strategies and keeping of accounts of the business cash flows. Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. Aliko Dangote | Sub-Saharan Africa | Net Worth: $11 Billion USD 9. List of best Farmers in Zambia of 2023. . Osagyefuo Nana Amoatia Ofori Panin is worth $28 million. Invest in farmland, local, national and worldwide, Invest in a farm, get your hands dirty, operate your own farm, Finance insiders can get rich farmers on a permaculture path. Buffett has traveled to over 130 different countries around the world. Then, most of these farmers scaled their land from ordinary farmer to millionaire farmer. The bank, which trades on the Johannesburg Stock Exchange, targets South Africas emerging middle class. It will be one of the tallest buildings in Africa. 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. Farmers have large upfront costs, but if you own the land and assets, you can live off of the income forever. 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. Mansours father lost his fortune, when Egypts then president, Gamal Abdel Nasser, expropriated his cotton trading company in 1964. 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. His other assets include 6% of the sportswear company Adidas and a stake in LafargeHolcim, the world's biggest cement maker. He owns the largest privately owned agro-industrial concern in Ghana and is listed in Whos Who in World Poultry. A more than 60% surge in the share price of his luxury goods firm Compagnie Financiere Richemont maker of Cartier watches and Montblanc pens pushed his fortune to $11 billion, up from $7.2 billion a year ago, making him the biggest gainer on the list. 2 spot up from No. Tony Perich 5. The biggest gainer in percentage terms up 125% is Strive Masiyiwa of Zimbabwe, worth $2.7 billion (up from $1.2 billion last year). Use my retirement readiness checklistto cross a few key points off the list. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. Tea farm in South Africa. Brazil Vs Ghana ; Where To Watch Friendly Match Between The Top Teams. CAPE VERDE. 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. Rupert says his biggest regret was not buying half of Gucci when he had the opportunity to do so for just $175 million. BY KERRY A. DOLAN AFRICA'S BILLIONAIRES ARE RICHER than they have been in years. He owns 85% of publicly-traded Dangote Cement through a holding company. Abdul Satar Dada is the richest man in Botswana. Save my name, email, and website in this browser for the next time I comment. According to Billionaires Africa, his 75-per cent stake in Jetro Holdings accounts for 61 per cent of his total wealth valuation, with the market value of his stake in the New York-based conglomerate presently valued at $4.8 billion. Dont miss out on current updates, kindlylike us on Facebook,Follow Us On Instagram&Subscribe To Our ChannelOR leave a comment below for further inquiries. 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. Colin and Dale Armer 6. Many millionaire farmers around the world have made a fortune through the use of new technology. 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 . Modern agriculture and new technologies have helped foster the development of successful farms around the world. He made his first million at age 26 selling lace and distributing soft drinks. Lets get into our list of the top millionaire farmers in the world. Some list members grow richer or poorer within weeks-or days-of our measurement date. The familys Leppington Pastoral today has 2,000 cows on 11,000 hectares. Harry graduated from Central Dallas High School and McPherson College in Kansas. He is among the most successful millionaire farmers in China from a humble beginning as a chicken farmer. South African Nicky Oppenheimer, who formerly ran diamond mining firm DeBeers before selling it to mining firm Anglo American a decade ago, ranks No. His brother Naguib is also a billionaire. That pushed Rabius fortune up by an extraordinary 77%, to $5.5 billion. However, thats okay. Having started with zero capital, Colin and Dale bought 140 cows to share the farm with a focus on making profits. Tony and Ron Perich are brothers that began with dairy business. 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. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. Olusegun Obasanjo. Mansour Group is the sole franchisee of McDonalds in Egypt, as well as the distributor of Gauloises cigarettes. Mr. Fu has a net worth of $1.5 billion. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. Lets get into some background about farming and money. Algeria - $532.57 billion. 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. Tony and Ron Perich inherited the business from their father, Kolombo Perich. The two brothers began developing their dairy operation around 40 years ago. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. It will be one of the tallest buildings in Africa. Strive Masiyiwa, a citizen of Zimbabwe and a London resident appears on the list due to his telecom holdings in Africa. Mr. Liu was once a technical school tutor until 1982 when he quit and began a bicycles business together with his three brothers. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. Farmers homes are their businesses. He took the company public in 2005 retaining a 24% ownership stake. He formed East Hope Group Company in the early 1990s after an amicable business split from his brothers. In addition, he has a net worth of $6.6 billion. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest Ghanaian Farmers in Ghana. (Video) Top 10 Richest Farmers in the World (2021) (Money Matters) Who is the richest farmer in SA? Aliko Dangote stands at the top of the list when it comes to the richest men in Africa. Real GDP growth: 3.4% Country group: developing lower-middle income economy Value of exports: $53,618 million (2019) 2023 Forbes Africa. Our list of millionaire farmers features families from across the world in all different continents. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest Ghanaian Farmers in Ghana. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. The biggest gainer in percentage terms-up 125%is Strive Masiyiwa of Zimbabwe, worth $2.7 billion, up from $1.2 billion last year. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for three years. Join our community of over 3,000 mobsters seeking financial freedom. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest . In 2013, the mining magnate was the first African to sign Bill Gates and Warren Buffetts Giving Pledge, promising to give at least half his fortune to charity. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. Youssou N'Dour is a Senegalese musician, songwriter and occasional actor. Personal Finance - Janice Friedman - October 31, 2018. That said, here is a brief overview of the richest Presidents in Africa with reference to Forbes, People With Money magazine, CelebrityNetWorth. Ranked #240 on the list, Nicky Oppenheimer is South Africas second-richest person with a net worth of $8.35billion. His net worth is around $3.4 billion. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. Read More:How Africas Richest Woman, Isabel dos Santos, Went Broke: The Unmaking Of A Billionaire. He ascended to the monarch position in 1968 after his father, King Cyprian Bhekuzulu, passed away. Individuals who are from Africa, but don't reside in the continent (such as Elon Musk and . Bakrie Delano Africa serves as the investment partner of the Bakrie Group in Nigeria. 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: $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. A University of Chicago graduate, he donated $24.1 million to the school in 2019 to aid Egyptian students and fund an executive education program. What are you waiting for? Top 10 Richest Pastors in Africa & Their Net Worth. Net worth: $8.5 billionRank in 2020: 2Net worth in 2020: $8 billionOrigin of wealth: Construction, chemicalsIndustry: Construction and engineeringAge: 59Country: EgyptResidence: CairoEducation: University of Chicago, Bachelor of Arts/Science. 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. Please let us know in the comments below. And His Current Teams, Alexander Djiku Biography ; How old is Djiku? He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. His parents are Mr. John Dumelo who was a Civil Engineer and Mrs. Antoinette Dumelo a Customs Officer. Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. Aliko Dangote - $12 Billion. He bought 900 chickens, a 3-piece acre of land for US $50 and inApril 1966Darko Farms & Company was founded. 2023 Forbes Africa. Published 3 hours ago on February 25, 2023 By The Indonesian conglomerate has provided over $900 million worth of funds to invest in Nigeria and Bakrie. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. They own Armer Farms, a company in New Zealands North Island. And began a bicycles business together with his three brothers County,.! The Saracens English rugby team and Anthonij Rupert Wines, named after deceased... 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