Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. 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. In fact, the only two women billionaires from Africa have both fallen off the list. Thank You. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. And by a lot, we mean a LOT! It is possible that we might miss some or delay in updating some content due to the sheer volume of articles. Forbeshas marked Dos Santos frozen assets at zero. Forbes Magazine's list of the top 10 richest African musicians in 2022. In Africaas elsewhere in the worldthe wealthiest have come through the pandemic just fine. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies. Since 2015, he became the board chairman of Rusagro. Akhannouch was appointed prime minister of Morocco in September 2021. However, he recently got appointed the CEO and Chairman of the Howard G. Buffett Foundation. I admire Howard Buffett for his devotion to impact investing and leaving a lasting legacy. Farmers can be somewhat reliant on weather conditions and external factors that will truly influence how much money you can make. What are you waiting for? Get the best of Forbes Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy. Stewart and Lynda Resnick 1. The second richest isNassef Sawirisof Egypt, whose largest asset is a nearly 6% stake in sportswear maker Adidas. Aliko Dangote - $12 Billion. They need to learn how to reinvest properly or build a personal financial plan. His other assets include 6% of the sportswear company Adidas and a stake in LafargeHolcim, the world's biggest cement maker. 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. These are the top 10 richest people and Billionaires from Africa in the year 2023.. 2023 Forbes Africa. Stine Seeds has created some of the most genetically robust soybean seeds. Elisha Owusu Biography ; How Old Is Owusu ? 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 oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. CAPE VERDE. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. This is how far we could go in the search for who the richest farmer is. The Zulu reigning king was born on 14th July 1948 in Nangoma, South Africa. 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. The company which was then known as Paramount Farm soon became the largest pistachios and almonds producers in the world. Another gentleman among the top millionaire farmers is Harry Stine. Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. Farming is one of the most straightforward business ventures in the world. 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. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. Personal Finance - Janice Friedman - October 31, 2018. In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down. Invest in farmland, local, national and worldwide, Invest in a farm, get your hands dirty, operate your own farm, Finance insiders can get rich farmers on a permaculture path. This is another that had to make it into our list of top 10 richest families in Kenya. Their family is one (if not the) richest farming families in the world. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa. Isabel's first business venture was in 1997, which was the opening of her Miami Beach Club in Luanda Island. The two millionaire farmers have a net worth of $4 billion. The biggest gainer this year is another Nigerian cement tycoon,Abdulsamad Rabiu. He took the company public in 2005 retaining a 24% ownership stake. A strong agriculture system is core to our well-being. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. Global Ranking: 31st Population: 219,641,919 GDP per capita: $2,326 (nominal, 2023 est.) The pandemic has a lot to do with this . 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. He denies any wrongdoing. His own empire conflates telecommunications, technology, and media. Hes chairman of Palm Hills Developments, one of Egypts biggest real estate developers. Net worth: $4.8 billionRank in 2020: 6Net worth: $4.4 billionSelf-madeOrigin of wealth: FoodIndustry: Food and beverageAge: 77Country: AlgeriaResidence: Algiers. Here are several millionaire farmers that have built wealth by following their plan and growing their agriculture business. They partner with Chinese agricultural giant New Hope. Get this delivered to your inbox, and more info about about our products and services. It is not without cycles, however. See full address and map. Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. He has spent most of his life as a farmer. 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. Not just traditional farming, but city farming and greenhouses. 2023 - 2023/2024 Scout Africa. 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. Isabel Dos Santos, known widely as the daughter of the super-rich Angolan President, Jos Eduardo dos Santos, tops the list as the richest woman in Africa. Plot 1 - Potatoes or sweet potatoes. 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. Plot 4 - Root vegetables like beets, carrots, and turnips. 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. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern. With a growing population and a shrinking land base, I anticipate farming will only need to get more efficient. Liu Yonghao and Family Liu Yonghao is among the most prosperous farmers in the world. A few of these farmers on our list are not just millionaires, they are billionaires. Dewji retired from Tanzanias parliament in early 2015 after completing two terms. The continent's billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. 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. He ascended to the monarch position in 1968 after his father, King Cyprian Bhekuzulu, passed away. 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. As the term Farmers usually applies to people who do some combination of raising field crops, orchards, vineyards, poultry, or other livestock. Ethiopia - $298.57 billion. 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. His business revolves around sugar, cement, and flour. Former Egypt President Gamal Abdel Nasser nationalized his fathers original cotton trading business. Harrys company, Stine Seeds, is the largest private seed company in the world. 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. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. The Howard G. Buffett Foundation supports projects in the areas of agriculture, water, conservation, nutrition, humanitarian, and conflict/unaccompanied persons. Jumping into the No. Also join us across all of our other channels - we love to be connected! In 2020, Dlamini was named in Forbes magazine's 50 most powerful women in Africa and in 2022, she was also named in . Itumeleng Khune, Bernard Parker, Teko Modise and Siphiwe . METL operates in at least six African countries and has ambitions to expand to several more. 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. 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