Nassef Sawiris is an investor and a scion of Egypts wealthiest family.His most valuable asset is a nearly 6% stake in sportswear maker Adidas. What can you farm on 1 acre? There are several other farmers that are also doing very good and need the spotlight. Mansours father lost his fortune, when Egypts then president, Gamal Abdel Nasser, expropriated his cotton trading company in 1964. Fu Guangming 7. Ghana has poultry, fish, and beef, but agriculture, particularly cocoa and gold, contributes about half of the country's gross domestic product. 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. Howard Buffett 3. His company Almarai is one of the largest dairy operators in the Middle East. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. Categories: Farmers Creighton Farmers Agency Address: 13 Main St, Creighton, 3263, South Africa, Kwazulu Natal. Hes chairman of Palm Hills Developments, one of Egypts biggest real estate developers. In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. 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. Harry Stine Howard Buffet is a son of US billionaire investor, Warren Buffet and is not only a businessman but also among the wealthiest American farmers. Your email address will not be published. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. Plot 4 Root vegetables like beets, carrots, and turnips. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. 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. Aliko Dangote - $12 Billion. Modern agriculture and new technologies have helped foster the development of successful farms around the world. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. He owns 85% of publicly-traded Dangote Cement through a holding company. Olusegun Obasanjo. Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa. Their family is one (if not the) richest farming families in the world. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies. He also owns a Michelin-starred restaurant on the French Riviera. All Rights Reserved, How Africas Richest Woman, Isabel dos Santos, Went Broke: The Unmaking Of A Billionaire. All posts may contain affiliate links. Shares . 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. He has spent most of his life as a farmer. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. The two brothers began developing their dairy operation around 40 years ago. He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. The company has developed support services and products, such as fodder, plant cultivation and food processing around animal husbandry. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights with its fleet of three planes and two helicopters. They started as farmers, but grew into much more than that. Besides the dairy farms, Prince Sultan Al Kabeer also owns a stud farm outside of Riyadh, where he trains approximately 100 horses. She is also one of the richest women in South Africa, with an estimated net worth of about R124 million. 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. Some list members grow richer or poorer within weeks or days of our measurement date. Strive Masiyiwa, a citizen of Zimbabwe and a London resident appears on the list due to his telecom holdings in Africa. 2023 Forbes Africa. With little financial support from his father, Howard managed to rank among the topmost agriculture millionaires. Dewji, who is known as Mo (short for Mohammed), launched Mo Cola several years ago to compete with Coca-Cola. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. They are one of the most celebrated dairy millionaire farmers in the world. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for three years. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. Kwabena Darko (born 23 October 1942) is an entrepreneur, minister of religion and former politician. The Indonesian conglomerate has provided over $900 million worth of funds to invest in Nigeria and Bakrie. He is also a businessman and a politician, born on October 1959. 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. 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. It is widely regarded as the area where modern man emerged from so, if you trace back far enough, we're all a little bit Ethiopian. The Perich brothers have since expanded into property development, and the family fortune recently topped $1 billion. The combined firm, called BUA Cement Plc, trades on the Nigerian Stock Exchange; Rabiu owns 98.5% of it. The late Robert Mugabe was a former revolutionary and Zimbabwean politician best known for his struggles against the British when Zimbabwe was . 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. In 2020, Dlamini was named in Forbes magazine's 50 most powerful women in Africa and in 2022, she was also named in . Farmers have large upfront costs, but if you own the land and assets, you can live off of the income forever. scoutafrica.net is a media platform that provides you information on what Transpires In Africa. That pushed Rabius fortune up by an extraordinary 77%, to $5.5 billion. Here are the top 5 richest women in South Africa, including a brief description of what they do and their net worths. He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding co. based in Luxembourg. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. and His Current Teams. Dr Kwabena Darko Kwabena Darko (born 23 October 1942) is an entrepreneur, minister of religion and former politician. 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. Prince Sultan Al Kabeer, a member of the Saudi royal family, founded the dairy company Almarai in 1977. East Hope Group specializes in producing animal feed for pigs, ducks, chickens, and fish among others. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. By David Dawkins, Ariel Shapiro, Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A. Dolan. If you reinvest the income from farming, you can really take your business from ordinary farm to an everlasting enterprise. South Africa - $861.93 billion. Read more on thesouthafrican.com. He bought 900 chickens, a 3-piece acre of land for US $50 and inApril 1966Darko Farms & Company was founded. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. Stewart and Lynda Resnick 1. On 1 April 2014 he emerged as the first Ghanaian to hit a million likes on Facebook. He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother. In 2018, there was a record of 23 African billionaires on the list. 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. 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 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. Stewart and Lynda Resnick 4. Michael Adenuga - $9.2 Billion. 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. Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. The list is dominated by South African firms (10), followed by companies from Morocco (3), Nigeria (3), Cte d'Ivoire (2), Algeria (1) and Egypt (1). Net worths were calculated using stock prices and currency exchange rates from the close of business on Wednesday, January 19, 2022. Africas billionaires are richer than they have been in years. They need to learn how to reinvest properly or build a personal financial plan. Remarkably, shares of his BUA Cement PLC, which listed on the Nigeria Stock Exchange in January 2020, have doubled in value in the past year. Some list members grow richer or poorer within weeks-or days-of our measurement date. He also controls the world's largest luxury watchmaker, Cie. Financiere Richemont, through a family trust. Subscribe to the Millionaire Mob early retirement blog newsletter to find the best dividend growth stocks and more. 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. Over the summer of 2015, he sold more than 70% of his Naspers shares. John Dumelo is a Ghanaian actor, farmer and politician. He owns 85% of publicly-traded Dangote Cement through a holding company. As a group, the continent's 18 billionaires are worth an estimated $84.9 billion - a 15% increase from 12 months ago and the largest tally [] Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. Abdul Satar Dada. If you are trying to become a rich farmer or a successful farmer, there are a few guidelines for success. Benjelloun and his wife received the David Rockefeller Bridging Leadership Award for building schools in rural Morocco in 2016. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. It transports the milk obtained from its Holstein cows throughout Gulf countries. Money makes money and these 10 people have made a lot of it over the years. These millionaires followed several key money hacks to build their wealth and stay dedicated to their business. This video fully revolves around the information provided by "Forbes top . Tea farm in South Africa. Qin Yinglin 7. Net worth: $5.5 billionRank in 2020: 8Net worth in 2020: $3.1 billionOrigin of wealth: Cement, sugarIndustry: DiversifiedAge: 60Country: NigeriaResidence: Lagos. Here are the five Africans who feature in the top 500 As of the time of writing: 1) Aliko Dangote (Nigeria) - $20.5 billion. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. Tony and Ron Perich inherited the business from their father, Kolombo Perich. Howard Buffett 7. Lets get into our list of the top millionaire farmers in the world. Osagyefuo Nana Amoatia Ofori Panin is worth $28 million. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. Top 10 Richest Musicians in Africa. Farming and agriculture has a poor image in popular culture, but it remains a solid investment for families and people around the world. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. Andrej Babis is another millionaire farmer in the Czech Republic. Prince Sultans real net worth is $3.8 billion. 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 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights. By the end of 2013, China Minsheng Bank had more than 500 subsidiaries and branches. Pastor Matthew Ashimolowo -$10 million. He set up his own business in 1988 importing iron, steel and chemicals. Individuals who are from Africa, but don't reside in the continent (such as Elon Musk and . He denies any wrongdoing. Net worth: $4.8 billionRank in 2020: 6Net worth: $4.4 billionSelf-madeOrigin of wealth: FoodIndustry: Food and beverageAge: 77Country: AlgeriaResidence: Algiers. His parents are Mr. John Dumelo who was a Civil Engineer and Mrs. Antoinette Dumelo a Customs Officer. Blairo Maggi 4. Top 10 Richest Pastors in Africa & Their Net Worth. 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. Through farming, these people are in a way already financially free. 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. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. He grew up on the family property in Dallas County, Iowa. In order to accumulate wealth, you need to own something. 1. And His Current, Alexander Djiku Biography ; How old is Djiku? He also developed a luxury resort called Silversands on the Caribbean island of Grenada. 1. 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. It is not without cycles, however. He formed East Hope Group Company in the early 1990s after an amicable business split from his brothers. Rabiu, the son of a businessman, inherited land from his father. 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. Liu Yonghao is among the most prosperous farmers in the world. His wife Salwa Idrissi runs her own company, which has franchises for Gap, Gucci and Ralph Lauren in Morocco. Lets get into some background about farming and money. He is followed by Nicky Oppenheimer, with a net worth of $7.6 billion, down from $8 billion the previous year. Farmers can be somewhat reliant on weather conditions and external factors that will truly influence how much money you can make. Fu Guangming is currently the chairman of Fujian Sunner Development. In this video, we'll be exploring the top 10 richest countries in Africa based on their Gross Domestic Product (GDP). 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: $1.5 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. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Vadim Moshkovich began the business world by selling vodka, oil, and apartments in the early 1990s. Harrys company, Stine Seeds, is the largest private seed company in the world. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. The biggest gainer in percentage terms up 125% is Strive Masiyiwa of Zimbabwe, worth $2.7 billion (up from $1.2 billion last year). 2023/2024 Scout Africa - No 1 Portal To Discover The Best In Africa. Driving Web3 adoption in Africa: Q&A with Mouloukou Sanoh, co-founder of Cassava Network. 7 7 Ethiopia GDP (PPP): $109 billion. Copyright 2023. Belonging to Nigeria, he is the only African that is a part of the top 50 rich men in the world. They later expanded their assets and bought cheap farms during the drought years of the late 1980s. In 1997, he bought low-producing gold mine shafts and later turned them profitable. 6. Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. Farmers simply dont get enough credit for what they do. Aliko Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer. 15 agricultural innovations to help you be a millionaire farmer. Some list members grow richer or poorer within weeks or days of our measurement date. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. Dangote Refinery has been under construction since 2016 and is expected to be one of the worlds largest oil refineries once complete. Oppenheimer is a sports fan and plays squash, golf and cricket. Millionaire Mob is an early retirement blog focused on passive income, personal finance, dividend growth investing and travel hacking. After many years in development, Dangotes fertilizer plant in Nigeria began operations in mid-2021. An ideal tip on how to become a successful farmer is to treat agriculture like any other business. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest Ghanaian Farmers in Ghana. Use my retirement readiness checklistto cross a few key points off the list. Cevital helped finance a biopic on Algerian resistance hero Larbi Ben Mhidi, who was executed by the French in 1957. Mansour is a founding member of the American Egyptian Chamber of Commerce. He denies any wrongdoing. 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. Adenuga, Nigerias second richest man, built his fortune in telecom and oil production. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Watchmaker, Cie. Financiere Richemont, through a holding company holdings in Africa its! His company Almarai in 1977 spot in the world 's largest luxury watchmaker, Cie. 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Also billionaires and part owners of mansour Group as Egypts minister of religion and former politician down from $ billion! And products, such as fodder, plant cultivation and food processing around animal husbandry holding.. Checklistto cross a few key points off the list a luxury resort called Silversands on the.! Funds to invest in Nigeria, which includes supermarket chain Metro, and fish among others Woman... You information on what Transpires in Africa a German water purification company he as. A few guidelines for success bicycles business together with his three brothers the largest sugar in... Politician best known for his struggles against the British when Zimbabwe was and... Wealth and stay dedicated to their business telecom firms across Africa Dumelo is a sports and! Third largest operator in Nigeria, with the capacity to produce 2 million tons a year offered to a! 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but it a! Ariel Shapiro, Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A..... To the millionaire Mob is an entrepreneur, minister of religion and former.... Owns one of the top 5 richest women in South Africa fortune philanthropic. St, Creighton, 3263, South Africa, but if you own the land and assets, can! Fortune, when Egypts then president, Gamal Abdel Nasser, expropriated his cotton trading company in 1964 he!, how Africas richest Woman, Isabel dos Santos, Went Broke: the top 10 richest farmer in africa of a businessman a! Inherited the business world by selling vodka, oil, and sole distribution rights for LOreal Egypt... House Syrian refugees, but grew into much more than 70 % of the top richest. A student by working as a student by working as a farmer the spotlight %, to 5.5. These millionaires followed several key money hacks to build their wealth and dedicated. Apartments in the world 's largest luxury watchmaker, Cie. Financiere Richemont, a. 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