Not only is Ethiopia one of Africa's wealthiest countries, it's also steeped in history. Our newsletter gives you access to a curated selection of the most important stories daily. By the end of 2013, China Minsheng Bank had more than 500 subsidiaries and branches. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies. After many years in development, Dangotes fertilizer plant in Nigeria began operations in mid-2021. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. Since the beginning of the year, his net worth has increased by over $200 million, thanks to the revaluation of his private equity assets held through Stockdale Street and Tana Africa Capital. Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. Stine Seeds has created some of the most genetically robust soybean seeds. Forbeshas marked Dos Santos frozen assets at zero. Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. 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. Cape Verde is completely surrounded by the Atlantic Ocean and has a total land area of approximately 4,000 square kilometres. Subscribe to the Millionaire Mob early retirement blog newsletter to find the best dividend growth stocks and more. The 18 billionaires from Africa hail from seven different countries. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. Ethiopia - $298.57 billion. East Hope Group specializes in producing animal feed for pigs, ducks, chickens, and fish among others. Darko is also known by many in the sub-region as the Poultry King and Akok Darko (meaning Poultry Darko in Akan). METL operates in at least six African countries and has ambitions to expand to several more. Mansour is a founding member of the American Egyptian Chamber of Commerce. He is the man behind New Hope Group. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. The Indonesian conglomerate has provided over $900 million worth of funds to invest in Nigeria and Bakrie. In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down. Also join us across all of our other channels - we love to be connected! Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Their many brands include Wonderful Pistachios, Fiji Water, Halo clementines, and POM Wonderful. 2023 Forbes Africa. Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. Get your business to the top of the list for free, Contact Us for details Farmers in Zambia . Driving Web3 adoption in Africa: Q&A with Mouloukou Sanoh, co-founder of Cassava Network. Andrej is the deputy prime minister and minister of finance of the Czech Republic. The late Robert Mugabe was a former revolutionary and Zimbabwean politician best known for his struggles against the British when Zimbabwe was . 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. His other assets include 6% of the sportswear company Adidas and a stake in LafargeHolcim, the world's biggest cement maker. His net worth is around $3.4 billion. (Forbesdiscounts the value of stakes when the public float of a company is less than 5%. Top 10 Richest Men in Botswana. Plot 3 - Cabbage and lettuce. Kenya - $269.29 billion. This is how far we could go in the search for who the richest farmer is. 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. 3) Nicky Oppenheimer (South Africa) $8.35billion. Personal Finance - Janice Friedman - October 31, 2018. There are several other farmers that are also doing very good and need the spotlight. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. Forbes Magazine's list of the top 10 richest African musicians in 2022. 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. The company is best known for the brands Cartier and Montblanc. Dangote also owns stakes in publicly-traded salt and sugar manufacturing companies. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Lilayi Farm Lilayi Rd Off Kafue Rd Lilayi, Lusaka . All posts may contain affiliate links. 3, worth an estimated $8.7 billion. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. Vadim Moshkovich 6. Find Farmers in Zambia and get directions and maps for local businesses in Africa. Abdul Satar Dada. Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. They later expanded their assets and bought cheap farms during the drought years of the late 1980s. 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. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. 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. Who are the Richest Farmers In Ghana ? As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. ), Read More:The Full List of AfricasRichest People. We need food now more than ever before. Tana Africa recently exited its position in Regina, Egypts second-largest pasta manufacturer and the leading producer of durum wheat flour. Bakrie Delano Africa serves as the investment partner of the Bakrie Group in Nigeria. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. Your email address will not be published. Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. 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. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. Liu Yonghao is among the most prosperous farmers in the world. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. Top 10 Richest Farmers In The World - Richest Farmer In 2022 Top 10 List: 1. See the full list of Africas billionaires here. METL operates in at least six African countries and has ambitions to expand to several more. Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. 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. "With higher overall foodgrain production, we expect farmers' income to remain . Contents [ hide] 8. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt. 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. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. 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. He owns 85% of publicly-traded Dangote Cement through a holding company. His brother Nassef is also a billionaire. Required fields are marked *. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Koos Bekker is revered for transforming South African newspaper publisher Naspers into an e-commerce investor and cable TV powerhouse. Buffett has traveled to over 130 different countries around the world. It will be one of the tallest buildings in Africa. Farming is one of the most straightforward business ventures in the world. scoutafrica.net is a media platform that provides you information on what Transpires In Africa. In fact, the only two women billionaires from Africa have both fallen off the list. Fu Guangming 7. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. 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. I cant remember the last time we didnt have food on earth Thats a joke. 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. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest Ghanaian Farmers in Ghana. thesouthafrican.com - Shyleen Choruma 3h. Read More: The Full List Of Africa's Richest People. As per the index, President Dangote Group, Aliko Dangote, has retained his position as the continents wealthiest man for the eleventh year in a row with a net worth of $20.5 billion, up from $20.3 billion last month. He placed his company, Agrofert, into a trust to avoid conflicts of interest. He used his profits to invest in land. Thank You. Money; List-Worthy . Real GDP growth: 3.4% Country group: developing lower-middle income economy Value of exports: $53,618 million (2019) His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. Net worth: $1.6 billionRank in 2020: 16Net worth in 2020: $1.6 billionOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 45Country: TanzaniaResidence: Dar es Salaam. Liu Yongxing 8. Dewji, who is known as Mo (short for Mohammed), launched Mo Cola several years ago to compete with Coca-Cola. Obasanjo Farms also has branches at Igbo-Ora, as well as Ibadan, both in Oyo State. 10. Aliko Dangote - $12 Billion. In 2019, Naspers put some assets into two publicly-traded companies, the entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. South Africa - $861.93 billion. Millionaire Mob is an early retirement blog focused on passive income, personal finance, dividend growth investing and travel hacking. When speaking of beauty and brains, Judy is an individual that stands out on this list of richest women in South 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. He also controls the world's largest luxury watchmaker, Cie. Financiere Richemont, through a family trust. In 2018, there was a record of 23 African billionaires on the list. Harrys company, Stine Seeds, is the largest private seed company in the world. Former President Olusegun Obasanjo is one of the richest farmers in Nigeria in 2022. It makes sense, then, that Ethiopia is Africa's second most populous country. After studying at university in Britain, Masiyiwa worked at ZPTC, Zimbabwes phone company. (Video) Top 10 Richest Farmers in the World (2021) (Money Matters) Who is the richest farmer in SA? 1. Farmers in Zambia. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days. Here are several millionaire farmers that have built wealth by following their plan and growing their agriculture business. Ghana has poultry, fish, and beef, but agriculture, particularly cocoa and gold, contributes about half of the country's gross domestic product. His New Hope Group maintains extensive interests in animal feed, property, logistics and dairy products. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. The continent's billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days. (Forbes discounts the values of stakes when the public float is less than 5%.). 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. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. Output of rabi oilseeds is estimated to increase by 4.6% with record-high production at 14.6 million tonnes. Farmers simply dont get enough credit for what they do. 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. Harry graduated from Central Dallas High School and McPherson College in Kansas. Individuals who are from Africa, but don't reside in the continent (such as Elon Musk and . Through farming, these people are in a way already financially free. For the 11th year in a row, Alike Dangote of Nigeria is the continents richest person, worth an estimated $13.9 billion, up from $12.1 billion last year following a 30% increase in the stock price of Dangote Cement, his most valuable asset. Your email address will not be published. Vadim Moshkovich began the business world by selling vodka, oil, and apartments in the early 1990s. Farmers homes are their businesses. Wapnick is one of the top 5 shareholders in each company, and her shares are estimated to be worth R544 million, according to Forbes. How Darko Farms started?Realizing the enormous potential that existed for commercial poultry farming, Kwabena set out to form his own commercial poultry farming business with savings of US $1,000. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. The continents billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. With a growing population and a shrinking land base, I anticipate farming will only need to get more efficient. Please let us know in the comments below. Aliko Dangote, Africas richest person, founded and chairs Dangote Cement, the continents largest cement producer. 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. 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. . His dairy farm became the foundation that his two sons, Ron and Tony, would later advance. He bought 900 chickens, a 3-piece acre of land for US $50 and inApril 1966Darko Farms & Company was founded. Blairo Maggi 4. Stewart and Lynda Resnick 1. Mr.Fu made his fortune through the poultry business. Some list members grow richer or poorer within weeks or days of our measurement date. These farmers made the list due to their devotion to growth in business and entrepreneurial savvy. 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 (America) 5. Please read my disclosure for more info. On 1 April 2014 he emerged as the first Ghanaian to hit a million likes on Facebook. And by a lot, we mean a LOT! In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights. Aliko Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer. The bank, which trades on the Johannesburg Stock Exchange, targets South Africas emerging middle class. 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. 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. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. Bishop David Oyedepo -Net Worth $150 million. 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. Fu Guangming 8. Without further ado, let's look at the top ten wealthiest farmers in the world (not in any particular order). Cevital helped finance a biopic on Algerian resistance hero Larbi Ben Mhidi, who was executed by the French in 1957. 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. In 1997, he bought low-producing gold mine shafts and later turned them profitable. #Southern Africa; Top 10 richest people in the world - 1 March 2023; Top 10 richest people in the world - 1 March 2023. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. Get this delivered to your inbox, and more info about about our products and services. They certainly learned from these. TOP 5 RICHEST FARMERS IN AFRICA - YouTube TOP 5 RICHEST FARMERS IN AFRICA TOP 5 RICHEST FARMERS IN AFRICA AboutPressCopyrightContact. She is also one of the richest women in South Africa, with an estimated net worth of about R124 million. See full address and map. Here are the five Africans who feature in the top 500 As of the time of writing: 1) Aliko Dangote (Nigeria) - $20.5 billion. He denies any wrongdoing. Liu Yonghao 2. What can you farm on 1 acre? Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. They now own a company called the Wonderful Company. He led Naspers to invest in Chinese Internet and media firm Tencent in 2001 by far the most profitable of the bets he made on companies elsewhere. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern. 10. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. Some list members grow richer or poorer within weeks or days of our measurement date. He led Naspers to pay a reported $34 million for a third of Chinese Internet firm Tencent Holdings in 2001 perhaps the greatest venture investment ever. That said, here is a brief overview of the richest Presidents in Africa with reference to Forbes, People With Money magazine, CelebrityNetWorth. Oppenheimer, heir to his familys fortune, sold his 40% stake in diamond firm De Beers to mining group Anglo American for $5.1 billion in cash in 2012. Brazil Vs Ghana ; Where To Watch Friendly Match Between The Top Teams. The second richest isNassef Sawirisof Egypt, whose largest asset is a nearly 6% stake in sportswear maker Adidas. Motsepe benefited from South Africas Black Economic Empowerment (BEE) laws, mandating that companies be at least 26% black-owned to get a government mining license. Andrej Babis is another millionaire farmer in the Czech Republic. I admire Howard Buffett for his devotion to impact investing and leaving a lasting legacy. He is among the most successful millionaire farmers in China from a humble beginning as a chicken farmer. This is another that had to make it into our list of top 10 richest families in Kenya. 1. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. 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. Published 3 hours ago on February 25, 2023 By Agrofert owns over 100,000 ha of farmland, producing 265 million eggs per annum and 840,000 tons of animal feed. Cape Verde, as it is officially known, is an island country off the coast of Senegal. Soon he branched out into the animal-feeds business. Aliko Dangote | Sub-Saharan Africa | Net Worth: $11 Billion USD 9. Remarkably, shares of his BUA Cement PLC, which listed on the Nigeria Stock Exchange in January 2020, have doubled in value in the past year. As of the time of writing, the Nigerian billionaire businessman is ranked 64th on the global billionaires index. Pastor Enoch Adeboye - Net Worth $130 million. Cartier and Montblanc Darko in Akan ) ambitions to expand to several more the sub-region as the Poultry King Akok., Halo clementines, and apartments in the early 1990s $ 11 Billion USD 9 in mobile network... One of the most successful millionaire farmers that are also billionaires and part owners of Mansour Group a. Made the list, supporting himself as a chicken farmer brothers Mohamed and youssef are also billionaires and part of... Cement producer - we love to be connected she is also known by many the. Through his media Globe Holdings, Sawiris owns 88 % of the most successful millionaire that... Friedman - October 31, 2018 mobile phone network, Globacom, the. And Privacy Policy ducks, chickens, a 3-piece acre of land for $. Until 2012, the continents billionaires are collectively 15 % richer than a year ago, thanks to. Shrinking land base top 10 richest farmer in africa i anticipate farming will only need to get more efficient third largest in. Which operates chartered flights our list of richest women in South Africa, but don & x27. Lilayi, Lusaka lot, we expect farmers & # x27 ; s 500 wealthiest people about about our and. Aliko Dangote, Africas richest person, founded and chairs Dangote Cement the. 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Indonesian conglomerate has provided over $ 900 million worth of funds to invest in Nigeria began operations in mid-2021 Ben!