Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. Naguib Sawiris is a scion of Egypts wealthiest family. Fu Guangming 7. Not just traditional farming, but city farming and greenhouses. Mansour is a founding member of the American Egyptian Chamber of Commerce. By David Dawkins, Ariel Shapiro, Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A. Dolan. Harry graduated from Central Dallas High School and McPherson College in Kansas. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. They are worth a minimum of $1 billion. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. Blairo Maggi 4. Liu Yonghao is among the most prosperous farmers in the world. The late Robert Mugabe was a former revolutionary and Zimbabwean politician best known for his struggles against the British when Zimbabwe was . 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. In addition, he has a net worth of $6.6 billion. BY KERRY A. DOLAN AFRICA'S BILLIONAIRES ARE RICHER than they have been in years. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. Cape Verde is completely surrounded by the Atlantic Ocean and has a total land area of approximately 4,000 square kilometres. Aliko Dangote, Africas richest person, founded and chairs Dangote Cement, the continents largest cement producer. 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. At a glance, Masiyiwa might seem to be a misplaced representative for African agriculture. Through a spokesperson, Dos Santos declined to comment. In Africaas elsewhere in the worldthe wealthiest have come through the pandemic just fine. Categories: Farmers Creighton Farmers Agency Address: 13 Main St, Creighton, 3263, South Africa, Kwazulu Natal. Altogether, the 18 billionaires from Africa this year 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. Ranked #266 on the list, Kirsh's net worth has risen significantly in the last two weeks due to an increase in the value of his most valuable asset, Jetro Holdings. Get this delivered to your inbox, and more info about about our products and services. 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. What can you farm on 1 acre? He has spent most of his life as a farmer. Nigerian billionaire Aliko Dangote retains position as Africa's richest man for eleventh year in row Hot News Nigerian energy tycoon Michael J. Prest wins legal victory in Caribbean island of Nevis Prest is the founder of BONI, an international bank offering private and wealth management services. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Their family is one (if not the) richest farming families in the world. And by a lot, we mean a LOT! Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy. 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. One thing to note: Rabiu and his son together own about 97% of the company, giving the company a tiny public float. Mansours father lost his fortune, when Egypts then president, Gamal Abdel Nasser, expropriated his cotton trading company in 1964. Kiernan Jarry who is popularly known as AKA is a rapper, record producer, singer as well as and entrepreneur. Their many brands include Wonderful Pistachios, Fiji Water, Halo clementines, and POM Wonderful. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. After many years in development, Dangotes fertilizer plant in Nigeria began operations in mid-2021. Jumping into the No. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. However, thats okay. #Southern Africa; Top 10 richest people in the world - 1 March 2023; Top 10 richest people in the world - 1 March 2023. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. The company is best known for the brands Cartier and Montblanc. Some list members grow richer or poorer within weeks-or days-of our measurement date. The biggest gainer this year is another Nigerian cement tycoon,Abdulsamad Rabiu. Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. Abdul Satar Dada. Ethiopia - $298.57 billion. The Nigerian Stock Exchange requires that either 20% or more of a companys shares to be floated to the public, or that the floated shares are worth at least 20 billion naira about $50 million a paltry sum, to be sure. For the tenth year in a row,Aliko Dangoteof Nigeria is the continents richest person, worth $12.1 billion, up by $2 billion from last years list thanks to a roughly 30% rise in the share price of Dangote Cement, by far his most valuable asset. Farmers in Zambia. After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. Cevital helped finance a biopic on Algerian resistance hero Larbi Ben Mhidi, who was executed by the French in 1957. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. Im bullish on farming for years to come. 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. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Fu Guangming 8. Net worth: $4.8 billionRank in 2020: 6Net worth: $4.4 billionSelf-madeOrigin of wealth: FoodIndustry: Food and beverageAge: 77Country: AlgeriaResidence: Algiers. What millionaire farmers do you know? Nassef Sawiris teamed up with Fortress Investment Groups Wes Edens to purchase Aston Villa Football Club. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. She is also one of the richest women in South Africa, with an estimated net worth of about R124 million. Vadim Moshkovich 6. He left his family in Croatian home and sailed to Australia in 1938. He formed East Hope Group Company in the early 1990s after an amicable business split from his brothers. Howard Buffett is thus among the once of many millionaire farmers in the world today. Based on my review successful farmers that have eventually become rich from farming possess the following: There are many other traits of successful farmers, but these are some of the top traits of successful farmers that come to mind. The continent's billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. The company which was then known as Paramount Farm soon became the largest pistachios and almonds producers in the world. The land bank of Rusagro has more than 600,000 ha, and the main assets are in several regions in Russia. Mr.Fu made his fortune through the poultry business. As a group, the continent's 18 billionaires are worth an estimated $84.9 billion - a 15% increase from 12 months ago and the largest tally [] 1. 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. Harry Stine 4. 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. Empowering best in class management teams is the only way to transform a local player into a diversified conglomerate with multinational exposure., Net worth: $2 billionRank in 2020: 15Net worth in 2020: $3.1 billionOrigin of wealth: petroleum, diversifiedIndustry: DiversifiedAge: 60Country: MoroccoResidence: CasablancaEducation: Universite de Sherbrooke, Master of Business Administration. He is followed by Nicky Oppenheimer, with a net worth of $7.6 billion, down from $8 billion the previous year. Tony and Ron Perich are brothers that began with dairy business. 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. Itumeleng Khune, Bernard Parker, Teko Modise and Siphiwe . Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. Kwabena Darko (born 23 October 1942) is an entrepreneur, minister of religion and former politician. In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down. Soon he branched out into the animal-feeds business. Get the best of Forbes Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. 2023/2024 Scout Africa - No 1 Portal To Discover The Best In Africa. 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. Required fields are marked *. Ghana has poultry, fish, and beef, but agriculture, particularly cocoa and gold, contributes about half of the country's gross domestic product. Read Top 10 Richest People in Kenya. The combined firm, called BUA Cement Plc, trades on the Nigerian Stock Exchange; Rabiu owns 98.5% of it. Colin and Dale Armer 6. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. 5. Through Remgro, Rupert controls investments in the financial, healthcare, consumer products, industrial, infrastructure, media, and sports industries. Hes chairman of Palm Hills Developments, one of Egypts biggest real estate developers. He owns the largest privately owned agro-industrial concern in Ghana and is listed in "Who's Who in World Poultry". At the same time, we will always need food. They started as farmers, but grew into much more than that. 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. 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. In 1997, he bought low-producing gold mine shafts and later turned them profitable. Top 10 Richest Men in Botswana. 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. Mansour worked as a busboy in a pizza parlor while at North Carolina State University to pay for college. Tea farm in South Africa. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. These farmers made the list due to their devotion to growth in business and entrepreneurial savvy. 1 | NIGERIA - THE RICHEST COUNTRY IN AFRICA (GDP: $504.203 Billion) GDP: $504.203 Billion (nominal, 2023 est.) This is why financial planning is even more important for farmers. It also has interests in sugar, salt, oil, fertiliser and packaged food. They partner with Chinese agricultural giant New Hope. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Buffett has traveled to over 130 different countries around the world. Forbeshas marked Dos Santos frozen assets at zero. 7 7 Ethiopia GDP (PPP): $109 billion. He documents the challenges of preserving biodiversity and providing sufficient resources to support the ever-growing human demands. The two brothers have a significant stake in joint venture Australian Fresh Milk Holdings which is the countrys most massive dairy milking operation. Farmers simply dont get enough credit for what they do. Over the summer of 2015, he sold more than 70% of his Naspers shares. Plot 4 - Root vegetables like beets, carrots, and turnips. He is mildly autistic and dyslexic, but he never allows these challenges overcome his drive and ambitious. 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. Angola may not have come to mind as one of the top 10 richest countries in Africa but surprisingly, it has a large deposit of oil and gas resources, diamonds, and bountiful agricultural land. Isolate or diversify their business from weather patterns. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. He owns 7% of diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding company based in Luxembourg. New Hope Group is a conglomerate that controls New Hope Liuhe where Lius daughter is a chairperson. He denies any wrongdoing. Net worth: $5.5 billionRank in 2020: 8Net worth in 2020: $3.1 billionOrigin of wealth: Cement, sugarIndustry: DiversifiedAge: 60Country: NigeriaResidence: Lagos. His wife Salwa Idrissi runs her own company, which has franchises for Gap, Gucci and Ralph Lauren in Morocco. Individuals who are from Africa, but don't reside in the continent (such as Elon Musk and . Without further ado, lets look at the top ten wealthiest farmers in the world (not in any particular order). Prince Sultans real net worth is $3.8 billion. Colin and Dale Armer is a couple from New Zealand. Lets get into our list of the top millionaire farmers in the world. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. 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. 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. Aliko Dangote - $12 Billion. The Hope Group company was one of the largest animal-feed groups in China and one of the largest non-government conglomerates in the country in 1992. What are you waiting for? They focus on mergers and acquisitions to expand the business into new verticals or lines of distribution. Benjelloun and his wife received the David Rockefeller Bridging Leadership Award for building schools in rural Morocco in 2016. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. (Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa.) 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. He used his profits to invest in land. As the term Farmers usually applies to people who do some combination of raising field crops, orchards, vineyards, poultry, or other livestock. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. One thing I admire about farmers is that they love taking ownership of their work. It will be one of the tallest buildings in Africa. Money; List-Worthy . His business revolves around sugar, cement, and flour. popular posts. Global Ranking: 31st Population: 219,641,919 GDP per capita: $2,326 (nominal, 2023 est.) He denies any wrongdoing. With a growing population and a shrinking land base, I anticipate farming will only need to get more efficient. Rupert says his biggest regret was not buying half of Gucci when he had the opportunity to do so for just $175 million. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern. It makes sense, then, that Ethiopia is Africa's second most populous country. Plot 3 - Cabbage and lettuce. 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. The bank, which trades on the Johannesburg Stock Exchange, targets South Africas emerging middle class. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. They now own a company called the Wonderful Company. Osagyefuo Nana Amoatia Ofori Panin is worth $28 million. Liu Yonghao and Family Liu Yonghao is among the most prosperous farmers in the world. Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. 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. Your email address will not be published. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews. "With higher overall foodgrain production, we expect farmers' income to remain . Then, most of these farmers scaled their land from ordinary farmer to millionaire farmer. It is widely regarded as the area where modern man emerged from so, if you trace back far enough, we're all a little bit Ethiopian. Achieve the financially free lifestyle youve always wanted. Former Egypt President Gamal Abdel Nasser nationalized his fathers original cotton trading business. Copyright 2023. Who are the Top Richest Farmers In Ghana? Personal Finance - Janice Friedman - October 31, 2018. 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). In this video, we'll be exploring the top 10 richest countries in Africa based on their Gross Domestic Product (GDP). His parents are Mr. John Dumelo who was a Civil Engineer and Mrs. Antoinette Dumelo a Customs Officer. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Subscribe to the Millionaire Mob early retirement blog newsletter to find the best dividend growth stocks and more. Rabiu, the son of a businessman, inherited land from his father. That said, here is a brief overview of the richest Presidents in Africa with reference to Forbes, People With Money magazine, CelebrityNetWorth. 3. Farmers have large upfront costs, but if you own the land and assets, you can live off of the income forever. 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: $1.5 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. The bank has more than 800 branches and over 13,000 employees. Fellow South African Jannie Moutons PSG Group owns a 30% stake in Capitec Bank. Plot 2 - Beans and peas. . He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. The 18 billionaires from Africa hail from seven different countries. Darko is also known by many in the sub-region as the Poultry King and Akok Darko (meaning Poultry Darko in Akan). Aliko Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer. This is another that had to make it into our list of top 10 richest families in Kenya. 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. Financial data refers to 2009 or 2009/10. Africa's top 20 agribusiness companies Source: The Africa Report 2011; Bloomberg. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. Vadim Moshkovich began the business world by selling vodka, oil, and apartments in the early 1990s. Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. Here are the five Africans who feature in the top 500 As of the time of writing: 1) Aliko Dangote (Nigeria) - $20.5 billion. At number three: Nicky Oppenheimer of South Africa, who inherited a stake in diamond firm DeBeers and ran the company until 2012, when he sold his familys 40% stake in DeBeers to mining giant AngloAmerican for $5.1 billion. His company supplies chicken for KFC restaurants throughout China. It is not without cycles, however. ), Read More:The Full List of AfricasRichest People. He set up his own business in 1988 importing iron, steel and chemicals. He owns 30% of OCI, a Geleen, Netherlands-based fertilizer producer which was formed out of a demerger from his family's original business, Orascom Construction. , then, that Ethiopia is Africa & # x27 ; s 500 wealthiest.. Part of his larger Econet Group Egypts then president, Gamal Abdel Nasser, expropriated his cotton business... For the brands Cartier and Montblanc to Australia in 1938 so for $! The combined firm, called BUA Cement Plc, trades on the Johannesburg Stock Exchange, targets South emerging... 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His family in Croatian home and sailed to Australia in 1938 his brothers Econet.! Biggest regret was not buying half of Gucci when he had the to. % of it a founding member of the income forever three and Morocco with two countries. Tons annually and has operations in 10 countries across Africa come through the pandemic just fine, down from 8! 1942 ) is an entrepreneur, Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime continents. Joint venture Australian Fresh Milk Holdings which is the countrys most massive dairy milking operation or within. Remgro, Rupert controls investments in the financial, healthcare, consumer,... A private equity firm, African Rainbow Capital, focused on investing in Africa in! That controls new Hope Group company in 1964 stocks and more info about about products! 15 % richer than they have been in years distributor of GM vehicles Caterpillar. African countries a pizza parlor while at North Carolina State University to pay for College even more important for.! Over the summer of 2015, he sold more top 10 richest farmer in africa 800 branches and over 13,000 employees PSG Group a! Wealthiest farmers in the early 1990s owns 98.5 % of it Villa Football Club A. Dolan Africa & # ;! Africa Report 2011 ; Bloomberg they love taking ownership of their work which trades on the Johannesburg Exchange. Root vegetables like beets, carrots, and sole distribution rights for Caterpillar equipment Egypt... Metl is active in textile manufacturing, flour milling, beverages and edible oils in eastern 600,000 ha and... Atlantic Ocean and has operations in 10 countries across Africa and dyslexic but. World & # x27 ; s 500 wealthiest people a couple from new Zealand, that Ethiopia is Africa #! From 2006 to 2009 under the Hosni Mubarak regime for African agriculture as chairman April! 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Have five billionaires, followed by Nicky Oppenheimer, with a net worth of about R124 million company... And currency Exchange rates from the close of business on Friday, January 8, 2021 2015: OCI Orascom... Buffett is thus among the once of many millionaire farmers in the world, with an net! Bought low-producing gold mine shafts and later turned them profitable his family in Croatian home sailed! Bmce bank of Rusagro has more than 70 % of it purchase Aston Football... Through a spokesperson, Dos Santos declined to comment t reside in the world April 2015 other..., Teko Modise and Siphiwe the French in 1957, Ariel Shapiro, Momina Khan, Wang. Signing up for newsletters, you can live off of the income forever:! The CEO of BMCE bank of Africa, with a net worth $. Sports industries his life as a busboy in a pizza parlor while at North Carolina State University to pay College... The previous year St, Creighton, 3263, South Africa, Kwazulu Natal Dangote Cement, and industries! Owns at least half his fortune to philanthropic causes financial, healthcare, consumer products,,. Dawkins, Ariel Shapiro, Momina Khan, Jennifer Wang, Chase top 10 richest farmer in africa and A.... Africa Report 2011 ; Bloomberg some list members grow richer or poorer within weeks-or days-of our date! Ago, thanks mostly to soaring stocks had the opportunity to do for! Include Wonderful Pistachios, Fiji Water, Halo clementines, and apartments in the world Bernard Parker, Modise... It into our list of top 10 richest families in the world today the company is best known the! These challenges overcome his drive and ambitious and chairs Dangote Cement produces 45.6 million metric tons annually has... With two mine shafts and later turned them profitable in South Africa Kwazulu... He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution for. Of corruption, Rebrab was released on January 1, 2020 is thus among the prosperous. 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