Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. 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. Harry Stine 3. Mansour is a founding member of the American Egyptian Chamber of Commerce. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. The company product range includes frozen chicken products for the food manufacturing industry, wholesale meat markets, and other markets as well. 6. Harrys company, Stine Seeds, is the largest private seed company in the world. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Read More: The Full List Of Africa's Richest People. 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. After serving eight months in jail on charges of corruption, Rebrab was released on January 1, 2020. He placed his company, Agrofert, into a trust to avoid conflicts of interest. He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother. Aliko Dangote, Africas richest person, founded and chairs Dangote Cement, the continents largest cement producer. Below are some ideas and leads on the four paths to success. In this video, we'll be exploring the top 10 richest countries in Africa based on their Gross Domestic Product (GDP). As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. (Forbes discounts the values of stakes when the public float is less than 5%.). Aliko Dangote, Africas richest person, founded and chairs Dangote Cement, the continents largest cement producer. (Video) Top 10 Richest Farmers in the World (2021) (Money Matters) Who is the richest farmer in SA? Stewart and Lynda Resnick are millionaire farmers and among the wealthiest American farmers. 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. 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. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. All of the continents billionaires are men; Isabel dos Santos of Angola fell off the Forbes list in January 2021. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. New Hope Group is a conglomerate that controls New Hope Liuhe where Lius daughter is a chairperson. Not only is Ethiopia one of Africa's wealthiest countries, it's also steeped in history. The Perich brothers have since expanded into property development, and the family fortune recently topped $1 billion. 4) Natie Kirsh (South Africa) $7.67 billion. He and his son retained a 96% stake in the company. The richest farmers in the world may not spend all day in the field, but they're always in the office, coordinating their businesses. Lets get into some background about farming and money. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. 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. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. I admire Howard Buffett for his devotion to impact investing and leaving a lasting legacy. Howard Buffet is a son of US billionaire investor, Warren Buffet and is not only a businessman but also among the wealthiest American farmers. Tea farm in South Africa. See the full list of Africas billionaires here. 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. With a net worth of $12 million, Kiernan Jarry, a South African rapper is currently the richest rapper in Africa. With little financial support from his father, Howard managed to rank among the topmost agriculture millionaires. He's made appearances in a few editions of Forbes, the business magazine popular with global corporate heavyweights and the high net-worth set. Harry Stine made his fortune by licensing corn and soybean genetics to large multinationals, such as Syngenta or Monsanto. 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. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. He joined his fathers soybean cleaning business in Adel, Iowa in 1964. They later expanded their assets and bought cheap farms during the drought years of the late 1980s. Koos Bekker is revered for transforming South African newspaper publisher Naspers into an eCommerce investor & cable TV powerhouse. Michael Adenuga - $9.2 Billion. These are the top 10 richest people and Billionaires from Africa in the year 2023.. Liu Yongxing 2. There are a lot of Ghanaian Farmers earning much from thier hardwork in farming . If you reinvest the income from farming, you can really take your business from ordinary farm to an everlasting enterprise. Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits. 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. The two millionaire farmers have a net worth of $4 billion. Fu Guangming 7. Brazil Vs Ghana ; Where To Watch Friendly Match Between The Top Teams. Real GDP growth: 3.4% Country group: developing lower-middle income economy Value of exports: $53,618 million (2019) Ethiopia - $298.57 billion. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. Liu Yonghao and Family Liu Yonghao is among the most prosperous farmers in the world. BY KERRY A. DOLAN AFRICA'S BILLIONAIRES ARE RICHER than they have been in years. We bring you daily editor picks from the best Business Insider news content so you can stay updated on the latest topics and conversations on the African market, leaders, careers and lifestyle. Liu Yonghao 2. 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. Koos Bekker is revered for transforming South African newspaper publisher Naspers into an e-commerce investor and cable TV powerhouse. Through a spokesperson, Dos Santos declined to comment. Plot 1 - Potatoes or sweet potatoes. Net worths were calculated using stock prices and currency exchange rates from the close of business on Wednesday, January 19, 2022. He managed to raise $120 start-up capital which he invested in breeding quails and chickens to sell to other farmers near their home in rural Sichuan province. thesouthafrican.com - Shyleen Choruma 3h. Nicky Oppenheimer, heir to the DeBeers diamond fortune, sold his 40% of the firm to mining group Anglo American for $5.1 billion in cash in 2012. Forbescalculates that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below $1 billion due to lower oil prices. 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. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. This is how far we could go in the search for who the richest farmer is. 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. Kenya - $269.29 billion. Darko is also known by many in the sub-region as the Poultry King and Akok Darko (meaning Poultry Darko in Akan). Adenuga, Nigerias second richest man, built his fortune in telecom and oil production. Hes chairman of Palm Hills Developments, one of Egypts biggest real estate developers. Aliko Dangote stands at the top of the list when it comes to the richest men in Africa. "With higher overall foodgrain production, we expect farmers' income to remain . Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. Dangote Group founder Aliko Dangote has topped the 2018 list. Africas billionaires are richer than they have been in years. How I Paid Off My Debt (Including The Best Way to Clear Debt Fast), Guest Interview With The White Coat Investor, Early Retirement Interview with Well Kept Wallet: Work Hard for FIRE, Disclaimer, Disclosure and Privacy Policy. He co-owns Ranch Adarouch, one of the biggest cattle breeders in Africa. He owns 85% of publicly-traded Dangote Cement through a holding company. Harry is not only an entrepreneur and innovator but also one of the wealthiest farmers in the world. Ranked #96, Aliko Dangote got off to a great start in 2022, adding about $950 million to his fortune since the year began. These farmers made the list due to their devotion to growth in business and entrepreneurial savvy. Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. Wapnick is one of the top 5 shareholders in each company, and her shares are estimated to be worth R544 million, according to Forbes. Kwabena Darko (born 23 October 1942) is an entrepreneur, minister of religion and former politician. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. 2023 Forbes Africa. His wealth is approximately $200 million. Farmers have large upfront costs, but if you own the land and assets, you can live off of the income forever. Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. He has spent most of his life as a farmer. TOP 5 RICHEST FARMERS IN AFRICA - YouTube TOP 5 RICHEST FARMERS IN AFRICA TOP 5 RICHEST FARMERS IN AFRICA AboutPressCopyrightContact. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. Join our community of over 3,000 mobsters seeking financial freedom. He denies any wrongdoing. The oldest musician, according to Clacified. 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. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. 2. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. Matters ) Who is the founder of BUA Group, a South African newspaper publisher Naspers into eCommerce. 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