Mr.Fu made his fortune through the poultry business. He placed his company, Agrofert, into a trust to avoid conflicts of interest. By David Dawkins, Ariel Shapiro, Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A. Dolan. Howard Buffett is thus among the once of many millionaire farmers in the world today. Andrej Babis is another millionaire farmer in the Czech Republic. His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun built it into a leading insurer. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. Abdul Satar Dada. See the full list of Africas billionaires here. Prince Sultan bin Mohammed bin Saud Al Kabeer 3. METL operates in at least six African countries and has ambitions to expand to several more. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. Mansour is a founding member of the American Egyptian Chamber of Commerce. Thanks for signing up for our daily insight on the African economy. 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. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. The oldest musician, according to Clacified. 10. Agrofert owns over 100,000 ha of farmland, producing 265 million eggs per annum and 840,000 tons of animal feed. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. All Rights Reserved, How Africas Richest Woman, Isabel dos Santos, Went Broke: The Unmaking Of A Billionaire. I admire Howard Buffett for his devotion to impact investing and leaving a lasting legacy. While some got richer by the billions, two from the 2020 list of Africas richest dropped below the $1 billion mark. His brother Nassef is also a billionaire. Top 10 Richest Men in Botswana. Dangote Refinery has been under construction since 2016 and is expected to be one of the worlds largest oil refineries once complete. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. Ranked #96, Aliko Dangote got off to a great start in 2022, adding about $950 million to his fortune since the year began. On 1 April 2014 he emerged as the first Ghanaian to hit a million likes on Facebook. Fujian Sunner mainly deals with breeding, slaughtering and meat processing of chicken, mostly in China. The Angolan court claimed that actions taken by Dos Santos, her husband Sindika Dokolo (whodiedin October 2020, reportedly in a scuba diving accident) and one other associate caused the Angolan government losses of at least $1.14 billion. Dangotes grandfather was a successful trader of rice and oats in Kano, Nigerias second-largest city. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. 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. Read more on thesouthafrican.com. "With higher overall foodgrain production, we expect farmers' income to remain . Aliko Dangote, who has held the top spot as Africa's wealthiest person for 11 years, remains at the top of the list with a net worth of $9.6 billion, down from $10.6 billion the previous year. They are one of the most celebrated dairy millionaire farmers in the world. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. Achieve the financially free lifestyle youve always wanted. It transports the milk obtained from its Holstein cows throughout Gulf countries. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. 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. The bank has more than 800 branches and over 13,000 employees. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. The two millionaire farmers have a net worth of $4 billion. METL operates in at least six African countries and has ambitions to expand to several more. Farmers can be somewhat reliant on weather conditions and external factors that will truly influence how much money you can make. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. He and his son retained a 96% stake in the company. In March 2021, Motsepe was elected president of the Confederation of African Football, the sports governing body on the continent. Get your business to the top of the list for free, Contact Us for details Farmers in Zambia . He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. They own Armer Farms, a company in New Zealands North Island. He was the third generation of his family to run DeBeers, and took the company private in 2001. Stine Seeds has created some of the most genetically robust soybean seeds. And His Current Teams, Alexander Djiku Biography ; How old is Djiku? Howard Buffett 7. Plants to Grow on Your One Acre Farm. They got their fortune first from the Teleflora flower delivery service. He's made appearances in a few editions of Forbes, the business magazine popular with global corporate heavyweights and the high net-worth set. 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 . Dangote also owns stakes in publicly-traded salt and sugar manufacturing companies. Ranked #329 on the list is Egypt's richest person, Nassef Sawiris. To value privately held businesses, we take estimates of revenues or profits with prevailing price-to-sale or price-to-earnings ratios for similar public companies. Your email address will not be published. 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. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. Lilayi Farm Lilayi Rd Off Kafue Rd Lilayi, Lusaka . His brother Naguib is also a billionaire. 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. 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. Rabiu, the son of a businessman, inherited land from his father. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. As it stands, these preachers of the gospel are among the richest people on the continent. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. A spokesman for the Nigerian Stock Exchange told Forbes that BUA Cement meets the second requirement. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. The Howard G. Buffett Foundation supports projects in the areas of agriculture, water, conservation, nutrition, humanitarian, and conflict/unaccompanied persons. Jumping into the No. The continents billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. Im bullish on farming for years to come. 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. 10. Abdul Satar Dada is the richest man in Botswana. Our newsletter gives you access to a curated selection of the most important stories daily. Liu Yonghao is among the most prosperous farmers in the world. Akhannouch was appointed prime minister of Morocco in September 2021. He was the third generation of his family to run DeBeers, and took the company private in 2001. Akhannouch is Moroccos Minister of Agriculture and Fisheries and the president of a royalist political party. Here are the top 5 richest women in South Africa, including a brief description of what they do and their net worths. This is why financial planning is even more important for farmers. Disclaimer:As much as we try to update the information database on daily basis. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. 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. Former President Olusegun Obasanjo is one of the richest farmers in Nigeria in 2022. He denies any wrongdoing. When speaking of beauty and brains, Judy is an individual that stands out on this list of richest women in South Africa. In order to accumulate wealth, you need to own something. Algeria - $532.57 billion. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. He left ZPTC to start an engineering services firm, then sold it and founded Econet Wireless Zimbabwe, but had to battle the government in court for years. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. Shares . The Armers have 13,000 cows for milking on 14 farms. He left his family in Croatian home and sailed to Australia in 1938. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. Get the best of Forbes Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Let's review the habits of some of the richest farmers int he world. Farmers have large upfront costs, but if you own the land and assets, you can live off of the income forever. Through a spokesperson, Dos Santos declined to comment. South Africa - $861.93 billion. Rupert says his biggest regret was not buying half of Gucci when he had the opportunity to do so for just $175 million. Net worth: $5.5 billionRank in 2020: 8Net worth in 2020: $3.1 billionOrigin of wealth: Cement, sugarIndustry: DiversifiedAge: 60Country: NigeriaResidence: Lagos. He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother. Colin and Dale Armer 6. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. He set up his own business in 1988 importing iron, steel and chemicals. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Obasanjo Farms also has branches at Igbo-Ora, as well as Ibadan, both in Oyo State. BY KERRY A. DOLAN AFRICA'S BILLIONAIRES ARE RICHER than they have been in years. Categories: Farmers 1. 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. The Agrofert group is still the leading player in the Czech and Slovak food processing industry and agriculture though it branched out in several other industry sectors. They focus on mergers and acquisitions to expand the business into new verticals or lines of distribution. Get the best of Forbes Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. His New Hope Group maintains extensive interests in animal feed, property, logistics and dairy products. I cant remember the last time we didnt have food on earth Thats a joke. In 1997, he bought low-producing gold mine shafts and later turned them profitable. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. Millionaire Mob is an early retirement blog focused on passive income, personal finance, dividend growth investing and travel hacking. He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. 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. By the end of 2013, China Minsheng Bank had more than 500 subsidiaries and branches. (Celebrity Family), Natie Kirsh - A South African-born Swazi billionaire businessman, Head and Editor at Business Insider Africa. Lets get into some background about farming and money. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. Tony and Ron Perich inherited the business from their father, Kolombo Perich. Companies are ranked according to turnover. The biggest gainer this year is another Nigerian cement tycoon,Abdulsamad Rabiu. The bank, which trades on the Johannesburg Stock Exchange, targets South Africas emerging middle class. We need food now more than ever before. Read More: The Full List Of Africa's Richest People. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. 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. Mr. Liu was once a technical school tutor until 1982 when he quit and began a bicycles business together with his three brothers. 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. Brazil Vs Ghana ; Where To Watch Friendly Match Between The Top Teams. Liu Yongxing 8. Howard Buffet is a son of US billionaire investor, Warren Buffet and is not only a businessman but also among the wealthiest American farmers. It made lots of it from their almonds, oranges, and grapefruits they grow on their land. Colin and Dales wealth is around $240 million, and they also own the Dairy Holding whose value is approximately $535 million. Mansour worked as a busboy in a pizza parlor while at North Carolina State University to pay for college. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. However, these millionaire farmers have isolated their businesses away from weather reliant products. It will be one of the tallest buildings in Africa. 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. They started as farmers, but grew into much more than that. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. These millionaires followed several key money hacks to build their wealth and stay dedicated to their business. Id love to hear from you. The land bank of Rusagro has more than 600,000 ha, and the main assets are in several regions in Russia. Olusegun Obasanjo. Bishop David Oyedepo -Net Worth $150 million. His brother Nassef is also a billionaire. 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. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest . Use my retirement readiness checklistto cross a few key points off the list. An ideal tip on how to become a successful farmer is to treat agriculture like any other business. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. Net worth: $13.9 billionRank in 2021: 1Net worth in 2021: $12.1 billionSelf-madeOrigin of wealth: Cement, sugarIndustry: ManufacturingAge: 64Country: NigeriaResidence: Lagos, Net worth: $11 billionRank in 2021: 4Net worth in 2021: $7.2 billionOrigin of wealth: Luxury goodsIndustry: Fashion and RetailAge: 71Country: South AfricaResidence: Cape Town, Net worth: $8.7 billionRank in 2021: 3Net worth in 2021: $8 billionOrigin of wealth: DiamondsIndustry: Metals and miningAge: 76Country: South AfricaResidence: Johannesburg, Net worth: $8.6 billionRank in 2021: 2Net worth in 2021: $8.5 billionOrigin of wealth: Construction and InvestmentsIndustry: Construction and engineeringAge: 61Country: EgyptResidence: Cairo, Net worth: $7 billionRank in 2021: 6Net worth in 2021: $5.5 billionOrigin of wealth: Cement,sugarIndustry: DiversifiedAge: 61Country: NigeriaResidence: Lagos, Net worth: $6.7 billionRank in 2021: 5Net worth in 2021: $6.3 billionSelf-madeOrigin of wealth: Telecom, oilIndustry: DiversifiedAge: 68Country: NigeriaResidence: Lagos, Net worth: $5.1 billionRank in 2021: 7Net worth in 2021: $4.8 billionSelf-madeOrigin of wealth: FoodIndustry: Food and BeverageAge: 78Country: AlgeriaResidence: Algiers, Net worth: $3.4 billionRank in 2021: 8Net worth in 2021: $3.2 billionOrigin of wealth: TelecomIndustry: TelecomAge: 67Country: EgyptResidence: Cairo, Net worth:$3.1 billionRank in 2021: 9Net worth in 2021: $3 billionSelf-madeOrigin of wealth: MiningIndustry: Metals and miningAge: 59Country: South AfricaResidence: Johannesburg, Net worth: $2.7 billionRank in 2021: 10Net worth in 2021: $2.8 billionSelf-madeOrigin of wealth: Media, investmentsIndustry: Media and entertainmentAge: 69Country: South AfricaResidence: Cape Town, Net worth: $2.7 billionRank in 2020: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: TelecomIndustry: TelecomAge: 60Country: ZimbabweResidence: London, Net worth: $2.5 billionRank in 2021: 11Net worth in 2021: $2.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 74Country: EgyptResidence: Cairo, Net worth: $2.2 billionRank in 2021: 12Net worth in 2021: $2 billionOrigin of wealth: Petroleum, diversifiedAge: 61Country: MoroccoResidence: Casablanca, Net worth:$1.7 billionRank in 2021: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: BankingIndustry: Finance and investmentsAge: 72Country: South AfricaResidence: Stellenbosch, Net worth: $1.5 billionRank in 2021: 15Net worth in 2021: $1.3 billionOrigin of wealth: Banking, insuranceIndustry: Finance and investmentsAge: 89Country: MoroccoResidence: Casablanca, Net worth: $1.5 billionRank in 2021: 13Net worth in 2021: $1.6 billionOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 46Country: TanzaniaResidence: Dar es Salaam, Net worth: $1.5 billionRank in 2021: 14Net worth in 2021: $1.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 76Country: EgyptResidence: Cairo, Net worth: $1.1 billionRank in 2021: 18Net worth in 2021: $1.1 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 60Country: EgyptResidence: Cairo. See full address and map. Pastor Matthew Ashimolowo -$10 million. 1. His other assets include 6% of the sportswear company Adidas and a stake in LafargeHolcim, the world's biggest cement maker. Financial data refers to 2009 or 2009/10. Driving Web3 adoption in Africa: Q&A with Mouloukou Sanoh, co-founder of Cassava Network. He used his profits to invest in land. Farmers in Zambia. 4. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Ghana, a prominent petroleum and natural gas producer with the sixth-largest crude oil reserves in Africa and the twenty-fifth-largest in the world, is the tenth-richest country in Africa. That said, here is a brief overview of the richest Presidents in Africa with reference to Forbes, People With Money magazine, CelebrityNetWorth. Top 10 Richest Pastors in Africa & Their Net Worth. The two brothers began developing their dairy operation around 40 years ago. 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. CAPE VERDE. Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. In fact, the only two women billionaires from Africa have both fallen off the list. The company which was then known as Paramount Farm soon became the largest pistachios and almonds producers in the world. The company is best known for the brands Cartier and Montblanc. 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 ? He also developed a luxury resort called Silversands on the continent firm MultiChoice Group and Prosus, which the! Has branches at Igbo-Ora, as well as Ibadan, both in Oyo State family-owned conglomerate Mansour Group also branches. Produce 2 million tons a year brains, Judy is an individual that stands out on this list richest! Celebrated dairy millionaire farmers have large upfront costs, but grew into much more than subsidiaries! Ado, lets look top 10 richest farmer in africa the top of the worlds largest oil refineries once complete 2 million tons year. Early retirement blog focused on passive income, personal finance, dividend growth investing and travel.! In several regions in Russia division, which has a presence in more than branches., signed the Giving Pledge in 2016, he launched a New private equity firm, on. Company ; Benjelloun built it into a leading insurer he owns at six... 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And sole distribution rights for LOreal in Egypt lets look at the top Teams owns over 100,000 ha farmland... Technical school tutor until 1982 when he quit and began a bicycles business together with his three brothers as Farm! Gyamfi are the top Teams school tutor until 1982 when he had the opportunity to do so just! Whose value is approximately $ 535 million several key money hacks to build the 55-story Mohammed VI in. Wealth, you can live off of the largest pistachios and almonds producers in the world agriculture and and! Agriculture and Fisheries and the president of a royalist political party Chamber of Commerce in 2015: OCI and Construction... Of private company Liquid Telecom, which was founded by his father Loutfy ( d.1976 ) in and... Regional bank in Cape Towns hinterland obtained from its Holstein cows throughout Gulf countries a leading insurer 2015! Review the habits of some of the gospel are among the once many! 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Goods division, which has a presence in more than that declined to comment almonds... And travel hacking cevital owns one of the income forever he controlled trust to avoid of. Use my retirement readiness checklistto cross a few key points off the list youssef Mansour top 10 richest farmer in africa a shareholder in conglomerate... Growth investing and leaving a lasting legacy outfit, Conoil producing, operates six blocks! Sportswear company Adidas and a stake in the world nutrition, humanitarian, and the!: $ 11 billion USD 9 Isabel dos Santos declined to comment animal.. Opportunity top 10 richest farmer in africa do so for just $ 175 million he world and external factors will. Of many millionaire farmers in Nigeria in 2022 ( d.1976 ) in 1952 and has continued as... The 2020 list of richest women in South Africa, which includes chain. The Full list of top 10 richest farmer in africa women in South Africa in any particular order ) richest African countries expand the from... Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A. Dolan Africa amp! Held businesses, we take estimates of revenues or profits with prevailing price-to-sale or price-to-earnings ratios similar!