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. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. He created Rusagro, one of the most prominent sugar and pork producers in Russia. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. If you reinvest the income from farming, you can really take your business from ordinary farm to an everlasting enterprise. Successful farmers always have the highest yielding equipment and continue to reinvest into their business. The Zulu reigning king was born on 14th July 1948 in Nangoma, South Africa. Millionaire Mob is an early retirement blog focused on passive income, personal finance, dividend growth investing and travel hacking. Farmers homes are their businesses. Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. Net worth: $4.8 billionRank in 2020: 6Net worth: $4.4 billionSelf-madeOrigin of wealth: FoodIndustry: Food and beverageAge: 77Country: AlgeriaResidence: Algiers. Howard Buffett 3. His own empire conflates telecommunications, technology, and media. Nigeria - $1.14 trillion. All Rights Reserved. 4. Plants to Grow on Your One Acre Farm. Obasanjo Farms also has branches at Igbo-Ora, as well as Ibadan, both in Oyo State. Akhannouch was appointed prime minister of Morocco in September 2021. They now own a company called the Wonderful Company. Adenuga, Nigerias second richest man, built his fortune in telecom and oil production. Then, most of these farmers scaled their land from ordinary farmer to millionaire farmer. See full address and map. Another gentleman among the top millionaire farmers is Harry Stine. Empowering best in class management teams is the only way to transform a local player into a diversified conglomerate with multinational exposure., Net worth: $2 billionRank in 2020: 15Net worth in 2020: $3.1 billionOrigin of wealth: petroleum, diversifiedIndustry: DiversifiedAge: 60Country: MoroccoResidence: CasablancaEducation: Universite de Sherbrooke, Master of Business Administration. Farmers have large upfront costs, but if you own the land and assets, you can live off of the income forever. When speaking of beauty and brains, Judy is an individual that stands out on this list of richest women in South Africa. He is the man behind New Hope Group. He is also a businessman and a politician, born on October 1959. 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. Farmers simply dont get enough credit for what they do. By the end of 2013, China Minsheng Bank had more than 500 subsidiaries and branches. He made his first million at age 26 selling lace and distributing soft drinks. He was the third generation of his family to run DeBeers, and took the company private in 2001. He denies any wrongdoing. Prince Sultan bin Mohammed bin Saud Al Kabeer 3. A few of these farmers on our list are not just millionaires, they are billionaires. He grew up on the family property in Dallas County, Iowa. If you are trying to become a rich farmer or a successful farmer, there are a few guidelines for success. He joined his fathers soybean cleaning business in Adel, Iowa in 1964. Strive Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. He made his first million at age 26 selling lace and distributing soft drinks. (Forbes discounts the values of stakes when the public float is less than 5%.). Without further ado, let's look at the top ten wealthiest farmers in the world (not in any particular order). Farming is undoubtedly one of the most proven ventures in history. Your email address will not be published. They later expanded their assets and bought cheap farms during the drought years of the late 1980s. Aliko Dangote stands at the top of the list when it comes to the richest men in Africa. His company Almarai is one of the largest dairy operators in the Middle East. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. Colin and Dale Armer is a couple from New Zealand. 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. Net worth: $1.6 billionRank in 2020: 16Net worth in 2020: $1.6 billionOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 45Country: TanzaniaResidence: Dar es Salaam. Tony Perich 5. In this video, we'll be exploring the top 10 richest countries in Africa based on their Gross Domestic Product (GDP). The second richest isNassef Sawirisof Egypt, whose largest asset is a nearly 6% stake in sportswear maker Adidas. Top 10 Richest Musicians in Africa. Benjelloun and his wife received the David Rockefeller Bridging Leadership Award for building schools in rural Morocco in 2016. Some list members grow richer or poorer within weeks or days of our measurement date. Fu Guangming is currently the chairman of Fujian Sunner Development. 2023/2024 Scout Africa - No 1 Portal To Discover The Best In Africa. 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. Africas billionaires are richer than they have been in years. 5. His brother Nassef is also a billionaire. 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. Andrej Babis 5. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days. The 18 billionaires from Africa hail from seven different countries. See full address and map. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. With both a million rewards points and a million dollar net worth you can live a happier lifestyle. South Africa - $861.93 billion. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. METL operates in at least six African countries and has ambitions to expand to several more. In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down. Here are several millionaire farmers that have built wealth by following their plan and growing their agriculture business. 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. Over the summer of 2015, he sold more than 70% of his Naspers shares. The 18 billionaires from Africa hail from seven different countries. In December 2020, he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of NBA Nicks and the NHL Rangers teams. Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. The biggest gainer this year is another Nigerian cement tycoon,Abdulsamad Rabiu. Financial data refers to 2009 or 2009/10. He was the third generation of his family to run DeBeers, and took the company private in 2001. They own Armer Farms, a company in New Zealands North Island. One thing to note: Rabiu and his son together own about 97% of the company, giving the company a tiny public float. Let's review the habits of some of the richest farmers int he world. Naguib Sawiris is a scion of Egypts wealthiest family. All Rights Reserved, How Africas Richest Woman, Isabel dos Santos, Went Broke: The Unmaking Of A Billionaire. Lets get into our list of the top millionaire farmers in the world. 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. 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. Andrej is the deputy prime minister and minister of finance of the Czech Republic. Plot 4 - Root vegetables like beets, carrots, and turnips. Colin and Dales wealth is around $240 million, and they also own the Dairy Holding whose value is approximately $535 million. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. And His Current Teams, Alexander Djiku Biography ; How old is Djiku? He is among the most successful millionaire farmers in China from a humble beginning as a chicken farmer. Nassef Sawiris is a scion of Egypts wealthiest family. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. Howard Buffett In order to accumulate wealth, you need to own something. Stewart and Lynda Resnick 1. Achieve the financially free lifestyle youve always wanted. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Im bullish on farming for years to come. 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. Kenya - $269.29 billion. He is mildly autistic and dyslexic, but he never allows these challenges overcome his drive and ambitious. 2 spot up from No. However, he recently got appointed the CEO and Chairman of the Howard G. Buffett Foundation. Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. He is followed by Nicky Oppenheimer, with a net worth of $7.6 billion, down from $8 billion the previous year. Itumeleng Khune, Bernard Parker, Teko Modise and Siphiwe . TOP 5 RICHEST FARMERS IN AFRICA - YouTube TOP 5 RICHEST FARMERS IN AFRICA TOP 5 RICHEST FARMERS IN AFRICA AboutPressCopyrightContact. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. The oldest musician, according to Clacified. scoutafrica.net is a media platform that provides you information on what Transpires In Africa. With little financial support from his father, Howard managed to rank among the topmost agriculture millionaires. As of the time of writing, the Nigerian billionaire businessman is ranked 64th on the global billionaires index. Aliko Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer. Net worth: $1.2 billionRank in 2020: 19Net worth in 2020: $1.1 billionSelf-madeOrigin of wealth: TelecomIndustry: TelecomAge: 59Country: ZimbabweResidence: LondonEducation: University of Wales, Bachelor of Engineering. Dangote Refinery has been under construction since 2016 and is expected to be one of the worlds largest oil refineries once complete. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. 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. He set up his own business in 1988 importing iron, steel and chemicals. Vadim Moshkovich net worth is $2.3 billion. In 2020, Dlamini was named in Forbes magazine's 50 most powerful women in Africa and in 2022, she was also named in . It made lots of it from their almonds, oranges, and grapefruits they grow on their land. It transports the milk obtained from its Holstein cows throughout Gulf countries. 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. As the term Farmers usually applies to people who do some combination of raising field crops, orchards, vineyards, poultry, or other livestock. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Plot 4 Root vegetables like beets, carrots, and turnips. 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 . In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. June 2022: Top 5 richest people in Africa and their net worth according to Bloomberg, South African business mogul Johann Rupert oversees an elite portfolio of luxury brands that includes fashion labels Azzedine Alaa, Chlo, and Dunhill, alongside established jewellery and watch brands such as Van Cleef & Arpels, Vacheron Constantin and Cartier, Nicky Oppenheimer, a South African billionaire businessman and philanthropist. 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