Global Ranking: 31st Population: 219,641,919 GDP per capita: $2,326 (nominal, 2023 est.) Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. He also controls the world's largest luxury watchmaker, Cie. Financiere Richemont, through a family trust. 2. His New Hope Group maintains extensive interests in animal feed, property, logistics and dairy products. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. The company has developed support services and products, such as fodder, plant cultivation and food processing around animal husbandry. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. As it stands, these preachers of the gospel are among the richest people on the continent. Mansour Group is the sole franchisee of McDonalds in Egypt, as well as the distributor of Gauloises cigarettes. His parents are Mr. John Dumelo who was a Civil Engineer and Mrs. Antoinette Dumelo a Customs Officer. However, thats okay. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. Plants to Grow on Your One Acre Farm. 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. See full address and map. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. However, he recently got appointed the CEO and Chairman of the Howard G. Buffett Foundation. 10. Aliko Dangote | Sub-Saharan Africa | Net Worth: $11 Billion USD 9. Youssou N'Dour is a Senegalese musician, songwriter and occasional actor. Moshkovich spent close to eight years in the Federal Council of Russia and resigned in 2014. 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 owns 85% of publicly-traded Dangote Cement through a holding company. Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. What are you waiting for? Matthew Ashimolowo is a Nigerian clergyman, the senior pastor of Kingsway International Christian Centre (KICC) in London. Here are the five Africans who feature in the top 500 As of the time of writing: 1) Aliko Dangote (Nigeria) - $20.5 billion. Net worth: $5.5 billionRank in 2020: 8Net worth in 2020: $3.1 billionOrigin of wealth: Cement, sugarIndustry: DiversifiedAge: 60Country: NigeriaResidence: Lagos. In 2019, Naspers put some assets into two publicly-traded companies, the entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. Africas billionaires are richer than they have been in years. Since 2015, he became the board chairman of Rusagro. South African Nicky Oppenheimer, who formerly ran diamond mining firm DeBeers before selling it to mining firm Anglo American a decade ago, ranks No. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. 5. 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. Farmers homes are their businesses. Colin and Dale Armer 6. He owns 7% of diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding company based in Luxembourg. Belonging to Nigeria, he is the only African that is a part of the top 50 rich men in the world. 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. In January 2020, the attorney general of Angola charged Dos Santos with embezzlement and money laundering. Through farming, these people are in a way already financially free. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. The familys Leppington Pastoral today has 2,000 cows on 11,000 hectares. He runs OCI, one of the worlds largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. (Celebrity Family), Natie Kirsh - A South African-born Swazi billionaire businessman, Head and Editor at Business Insider Africa. Forbes estimated Ashimolowo's net worth is at between $6-10 million. Tea farm in South Africa. He also owns a Michelin-starred restaurant on the French Riviera. His other assets include 6% of the sportswear company Adidas and a stake in LafargeHolcim, the world's biggest cement maker. Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. At a glance, Masiyiwa might seem to be a misplaced representative for African agriculture. The biggest gainer in percentage terms-up 125%is Strive Masiyiwa of Zimbabwe, worth $2.7 billion, up from $1.2 billion last year. Buffett has traveled to over 130 different countries around the world. His company supplies chicken for KFC restaurants throughout China. While yield-checking the soybean lines, he gained an understanding of what a conventional breeding program could bring to the soybean industry and growers. 3, worth an estimated $8.7 billion. Ranked #240 on the list, Nicky Oppenheimer is South Africas second-richest person with a net worth of $8.35billion. 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. John Dumelo is a Ghanaian actor, farmer and politician. South Africa - $861.93 billion. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. Mr.Fu made his fortune through the poultry business. 2023/2024 Scout Africa - No 1 Portal To Discover The Best In Africa. 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. READ ALSO: Africas richest man, Aliko Dangote, adds $950 million to his personal worth as shares of Dangote Cement continues to rise, 2) Johann Rupert & family (South Africa) $8.96 billion. Shares . His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Top 10 Richest Pastors in Africa & Their Net Worth. Soon he branched out into the animal-feeds business. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest . The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. See the full list of Africas billionaires here. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. Without further ado, let's look at the top ten wealthiest farmers in the world (not in any particular order). 3) Nicky Oppenheimer (South Africa) $8.35billion. They are one of the most celebrated dairy millionaire farmers in the world. He and his son retained a 96% stake in the company. All Rights Reserved. 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. Geena Bhai Patel 8. An ideal tip on how to become a successful farmer is to treat agriculture like any other business. I believe that this list of the top ten millionaire farmers has offered you valuable insights and is proof that farming is a profitable industry. 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. popular posts. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Rabiu, the son of a businessman, inherited land from his father. Top 10 Richest Pastors in Africa 2022. Lets get into some background about farming and money. Thank You. Dangote Refinery has been under construction since 2016 and is expected to be one of the worlds largest oil refineries once complete. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. He owns the largest privately owned agro-industrial concern in Ghana and is listed in Whos Who in World Poultry. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa. 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. 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. He formed East Hope Group Company in the early 1990s after an amicable business split from his brothers. He bought 900 chickens, a 3-piece acre of land for US $50 and inApril 1966Darko Farms & Company was founded. Your email address will not be published. Pastor Matthew Ashimolowo -$10 million. The two brothers have a significant stake in joint venture Australian Fresh Milk Holdings which is the countrys most massive dairy milking operation. The continent's billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. 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. Agrofert owns over 100,000 ha of farmland, producing 265 million eggs per annum and 840,000 tons of animal feed. Output of rabi oilseeds is estimated to increase by 4.6% with record-high production at 14.6 million tonnes. Besides the dairy farms, Prince Sultan Al Kabeer also owns a stud farm outside of Riyadh, where he trains approximately 100 horses. After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. (Forbes discounts the values of stakes when the public float is less than 5%.). The land bank of Rusagro has more than 600,000 ha, and the main assets are in several regions in Russia. Bakrie Delano Africa serves as the investment partner of the Bakrie Group in Nigeria. Nearly half of all Americans today purchase one of their products, including Halos mandarin oranges, POM Wonderful, and Fiji Water. In 1997, he bought low-producing gold mine shafts and later turned them profitable. He has spent most of his life as a farmer. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. 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. He is followed by Nicky Oppenheimer, with a net worth of $7.6 billion, down from $8 billion the previous year. The late Robert Mugabe was a former revolutionary and Zimbabwean politician best known for his struggles against the British when Zimbabwe was . See full address and map. Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. 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. 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. Ghana has poultry, fish, and beef, but agriculture, particularly cocoa and gold, contributes about half of the country's gross domestic product. and His Current Teams. In addition, he has a net worth of $6.6 billion. Stine Seeds has created some of the most genetically robust soybean seeds. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. He joined his fathers soybean cleaning business in Adel, Iowa in 1964. 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. 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. 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. (Forbesdiscounts the value of stakes when the public float of a company is less than 5%. Use my retirement readiness checklistto cross a few key points off the list. Driving Web3 adoption in Africa: Q&A with Mouloukou Sanoh, co-founder of Cassava Network. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. Ranked #329 on the list is Egypt's richest person, Nassef Sawiris. Colin and Dale Armer is a couple from New Zealand. He owns 85% of publicly-traded Dangote Cement through a holding company. Then, most of these farmers scaled their land from ordinary farmer to millionaire farmer. This video fully revolves around the information provided by "Forbes top . He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. Plot 3 - Cabbage and lettuce. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. Plot 4 Root vegetables like beets, carrots, and turnips. 1. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. Sawiris helped found The Free Egyptians, a liberal political party, at the onset of Egypts uprisings in 2011. 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. Adenuga, Nigerias second richest man, built his fortune in telecom and oil production. Akhannouch is Moroccos Minister of Agriculture and Fisheries and the president of a royalist political party. They need to learn how to reinvest properly or build a personal financial plan. He denies any wrongdoing. 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. Let's review the habits of some of the richest farmers int he world. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. His company Almarai is one of the largest dairy operators in the Middle East. Akhannouch was appointed prime minister of Morocco in September 2021. Tony and Ron Perich inherited the business from their father, Kolombo Perich. Read Top 10 Richest People in Kenya. GDP is the total value of goods and ser. It also has interests in sugar, salt, oil, fertiliser and packaged food. Rebrab is the son of militants who fought for Algerias independence from France. 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. Naguib Sawiris is a scion of Egypts wealthiest family. Youssou N'Dour. Andrej is the deputy prime minister and minister of finance of the Czech Republic. Farming is undoubtedly one of the most proven ventures in history. Fujian Sunner mainly deals with breeding, slaughtering and meat processing of chicken, mostly in China. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. With a growing population and a shrinking land base, I anticipate farming will only need to get more efficient. As per the index, President Dangote Group, Aliko Dangote, has retained his position as the continent's wealthiest man for the eleventh year in a row with a net worth of $20.5 billion, up from $20.3 billion last month. The family owns property in the Central Valley of California and South Texas. Their many brands include Wonderful Pistachios, Fiji Water, Halo clementines, and POM Wonderful.