Liu Yongxing 8. 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 inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. 7 7 Ethiopia GDP (PPP): $109 billion. Only two of the 18 billionaires have net worths that are lower than last year: Koos Bekker of South Africa, who dropped to $2.7 billion from $2.8 billion, and Mohammed Dewji of Tanzania, whose fortune fell to $1.5 billion from $1.6 billion a year ago. thesouthafrican.com - Shyleen Choruma 3h. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. This is another that had to make it into our list of top 10 richest families in Kenya. 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. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. As of the time of writing, the Nigerian billionaire businessman is ranked 64th on the global billionaires index. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. Contents [ hide] 8. They later expanded their assets and bought cheap farms during the drought years of the late 1980s. Lilayi Farm Lilayi Rd Off Kafue Rd Lilayi, Lusaka . He led Naspers to pay a reported $34 million for a third of Chinese Internet firm Tencent Holdings in 2001 perhaps the greatest venture investment ever. In 2019, Naspers put some assets into two publicly-traded companies, the entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. 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. What can you farm on 1 acre? Shares of Econet Wireless Zimbabwe, which he founded, rose more than 750% in the past year, helping to drive up the size of his fortune. Then, most of these farmers scaled their land from ordinary farmer to millionaire farmer. Plot 3 - Cabbage and lettuce. Mansour worked as a busboy in a pizza parlor while at North Carolina State University to pay for college. Without further ado, lets look at the top ten wealthiest farmers in the world (not in any particular order). As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. 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. 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. The majority of his wealth is derived from a 75-per cent stake in Jetro Holdings, a New York-based conglomerate that manages two wholesale grocery businesses in the United States. We give you the opportunity to scout Africa and explore the latest opportunities , news and updates in Africa. Blairo Maggi 4. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Harry Stine made his fortune by licensing corn and soybean genetics to large multinationals, such as Syngenta or Monsanto. Belonging to Nigeria, he is the only African that is a part of the top 50 rich men in the world. He shares his fortune with his daughter, Fu Fenfang, who holds the position of the companys director. These are the top 10 richest people and Billionaires from Africa in the year 2023.. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. Net worth: $12.1 billionRank in 2020: 1Net worth in 2020: $10.1 billionSelf-madeOrigin of wealth: Cement, sugarIndustry: ManufacturingAge: 63Country: NigeriaResidence: LagosEducation: Al-Azhar University, Bachelor of Arts/Science. 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. Tony Perich 5. Thanks for signing up for our daily insight on the African economy. Net worth: $2.8 billionRank in 2020: 11Net worth in 2020: $2.5 billionSelf-madeOrigin of wealth: Media, investmentsIndustry: Media and entertainmentAge: 68Country: South AfricaResidence: Cape TownEducation: Columbia Business School, Master of Business Administration; University of Witwatersrand, LLB. Modern agriculture and new technologies have helped foster the development of successful farms around the world. 3, worth an estimated $8.7 billion. 2023 Forbes Africa. That pushed Rabius fortune up by an extraordinary 77%, to $5.5 billion. Money; List-Worthy . By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy. Olusegun Obasanjo. Farmers simply dont get enough credit for what they do. Their family is one (if not the) richest farming families in the world. She is also one of the richest women in South Africa, with an estimated net worth of about R124 million. A strong agriculture system is core to our well-being. Mansour Group is the sole franchisee of McDonalds in Egypt, as well as the distributor of Gauloises cigarettes. 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. Isolate or diversify their business from weather patterns. They got their fortune first from the Teleflora flower delivery service. Id love to hear from you. Buffett has traveled to over 130 different countries around the world. Through farming, these people are in a way already financially free. Save my name, email, and website in this browser for the next time I comment. Read More:How Africas Richest Woman, Isabel dos Santos, Went Broke: The Unmaking Of A Billionaire. Koos Bekker is revered for transforming South African newspaper publisher Naspers into an eCommerce investor & cable TV powerhouse. Plot 2 - Beans and peas. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt. And Isabel dos Santos, who since 2013 has been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. It transports the milk obtained from its Holstein cows throughout Gulf countries. South Africa - $861.93 billion. Top 10 Richest Musicians in Africa. Agriculture, banking, tourism, mining, transportation, energy, real estate, telecommunications, and insurance are among the businesses in which the family has invested. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Harrys found some unusual soybean plants in one of the company fields which piqued his interest in research and seed breeding. According to Billionaires Africa, his 75-per cent stake in Jetro Holdings accounts for 61 per cent of his total wealth valuation, with the market value of his stake in the New York-based conglomerate presently valued at $4.8 billion. Fu Guangming 7. Rebrab is the son of militants who fought for Algerias independence from France. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest . How Darko Farms started?Realizing the enormous potential that existed for commercial poultry farming, Kwabena set out to form his own commercial poultry farming business with savings of US $1,000. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. The family owns property in the Central Valley of California and South Texas. Andrej Babis is another millionaire farmer in the Czech Republic. 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. Forbes Magazine's list of the top 10 richest African musicians in 2022. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. Since 2015, he became the board chairman of Rusagro. Successful farmers always have the highest yielding equipment and continue to reinvest into their business. The pandemic has a lot to do with this . Besides the dairy farms, Prince Sultan Al Kabeer also owns a stud farm outside of Riyadh, where he trains approximately 100 horses. They certainly learned from these. Stewart and Lynda Resnick 4. See full address and map. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. Howard Buffett That said, here is a brief overview of the richest Presidents in Africa with reference to Forbes, People With Money magazine, CelebrityNetWorth. Output of rabi oilseeds is estimated to increase by 4.6% with record-high production at 14.6 million tonnes. He was the third generation of his family to run DeBeers, and took the company private in 2001. South African Nicky Oppenheimer, who formerly ran diamond mining firm DeBeers before selling it to mining firm Anglo American a decade ago, ranks No. To value privately held businesses, we take estimates of revenues or profits with prevailing price-to-sale or price-to-earnings ratios for similar public companies. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. Elizabeth Bradley - $22 million Elizabeth's life was always going to be in the limelight largely due to the contributions of her father in bringing the Toyota brand to South Africa. 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. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. Wendy Appelbaum; Wendy Appelbaum is currently the richest women in South Africa. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. The biggest gainer in percentage terms-up 125%is Strive Masiyiwa of Zimbabwe, worth $2.7 billion, up from $1.2 billion last year. Vadim Moshkovich began the business world by selling vodka, oil, and apartments in the early 1990s. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa. "With higher overall foodgrain production, we expect farmers' income to remain . 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. He bought 900 chickens, a 3-piece acre of land for US $50 and inApril 1966Darko Farms & Company was founded. 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. He recognized the value and potential opportunities of reproduction, developing and growing newer higher-yielding soybean varieties for his company and farmers. His wealth is approximately $200 million. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews. Net worth: $1.6 billionRank in 2020: 16Net worth in 2020: $1.6 billionOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 45Country: TanzaniaResidence: Dar es Salaam. The company is best known for the brands Cartier and Montblanc. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. 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. He grew up on the family property in Dallas County, Iowa. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. 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 . Morocco - $302.77 billion. Top 10 Richest Pastors in Africa 2022. His brother Nassef is also a billionaire. 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. We [Algerians] have great potential; we can make up for lost time., Net worth: $3.2 billionRank in 2020: 9Net worth in 2020: $3 billionOrigin of wealth: TelecomIndustry: TelecomAge: 66Country: EgyptResidence: CairoEducation: Swiss Federal Polytechnical Institute, Master of Science; Swiss Federal Polytechnical Institute, Bachelor of Arts/Science. All of the continents billionaires are men; Isabel dos Santos of Angola fell off the Forbes list in January 2021. Farming is undoubtedly one of the most proven ventures in history. In January 2020, the attorney general of Angola charged Dos Santos with embezzlement and money laundering. 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. He is among the most successful millionaire farmers in China from a humble beginning as a chicken farmer. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Harry graduated from Central Dallas High School and McPherson College in Kansas. The familys Leppington Pastoral today has 2,000 cows on 11,000 hectares. With a net worth of $12 million, Kiernan Jarry, a South African rapper is currently the richest rapper in Africa. The bank, which trades on the Johannesburg Stock Exchange, targets South Africas emerging middle class. 3. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. Colin and Dale Armer is a couple from New Zealand. Not just traditional farming, but city farming and greenhouses. Colin and Dales wealth is around $240 million, and they also own the Dairy Holding whose value is approximately $535 million. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. He is followed by Nicky Oppenheimer, with a net worth of $7.6 billion, down from $8 billion the previous year. 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. Rupert says his biggest regret was not buying half of Gucci when he had the opportunity to do so for just $175 million. He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. Howard Buffet is a son of US billionaire investor, Warren Buffet and is not only a businessman but also among the wealthiest American farmers. He denies any wrongdoing. Forbescalculates that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below $1 billion due to lower oil prices. They are worth a minimum of $1 billion. Benjelloun and his wife received the David Rockefeller Bridging Leadership Award for building schools in rural Morocco in 2016. It all began in 1978 when the Resnicks moved into the agricultural business after the purchase of some orange groves in Kern County. Disclaimer:As much as we try to update the information database on daily basis. He is the man behind New Hope Group. And by a lot, we mean a LOT! In addition, he has a net worth of $6.6 billion. Also join us across all of our other channels - we love to be connected! 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. Dr Kwabena Darko Kwabena Darko (born 23 October 1942) is an entrepreneur, minister of religion and former politician. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. His company Almarai is one of the largest dairy operators in the Middle East. Shares . Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. Some of the richest farmers in the world no longer focus on the grass roots of farming. 4. Our newsletter gives you access to a curated selection of the most important stories daily. Prince Sultan Al Kabeer, a member of the Saudi royal family, founded the dairy company Almarai in 1977. 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. 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. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. Ghana, a prominent petroleum and natural gas producer with the sixth-largest crude oil reserves in Africa and the twenty-fifth-largest in the world, is the tenth-richest country in Africa. Cevital helped finance a biopic on Algerian resistance hero Larbi Ben Mhidi, who was executed by the French in 1957. Fellow South African Jannie Moutons PSG Group owns a 30% stake in Capitec Bank. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. Aliko Dangote - $12 Billion. While yield-checking the soybean lines, he gained an understanding of what a conventional breeding program could bring to the soybean industry and growers. Some list members grow richer or poorer within weeks or days of our measurement date. 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. In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. Osagyefuo Nana Amoatia Ofori Panin is worth $28 million. With little financial support from his father, Howard managed to rank among the topmost agriculture millionaires. 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. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Robert Mugabe (Former and Late, Zimbabwe) $10million. His farm, the Obasanjo Farms located at Ota, Ogun State is a multi-billion dollar enterprise with a nationwide reach and has been operating since 1979. He used his profits to invest in land. Aliko Dangote, Africas richest person, founded and chairs Dangote Cement, the continents largest cement producer. Farmers in Zambia. 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). 1. Having started with zero capital, Colin and Dale bought 140 cows to share the farm with a focus on making profits. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. They need to learn how to reinvest properly or build a personal financial plan. Net worth: $8 billionRank in 2020: 3Net worth in 2020: $7.7 billionOrigin of wealth: DiamondsIndustry: metal and miningAge: 75Country: South AfricaResidence: JohannesburgEducation: Oxford University Christ Church, Master of Arts/Science, Oxford. Oppenheimer is a sports fan and plays squash, golf and cricket. Read Top 10 Richest People in Kenya. All Rights Reserved. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. 2023 Forbes Africa. His New Hope Group maintains extensive interests in animal feed, property, logistics and dairy products. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. Naspers sold a 2% stake in Tencent in 2018; in April 2021 Prosus sold nearly $15 billion worth of Tencent, taking its stake to 29%. HOWARD BUFFETT - $200m 10. At a glance, Masiyiwa might seem to be a misplaced representative for African agriculture. However, he recently got appointed the CEO and Chairman of the Howard G. Buffett Foundation. John Dumelo is a Ghanaian actor, farmer and politician. 15 agricultural innovations to help you be a millionaire farmer. Harry Stine (America) 5. Nigerian cement tycoon Abdulsamad Rabiu is $1.5 billion richer after taking yet another of his companies public, following the listing of BUA Cement in January 2020. (Celebrity Family), Natie Kirsh - A South African-born Swazi billionaire businessman, Head and Editor at Business Insider Africa. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern. 5. If you are trying to become a rich farmer or a successful farmer, there are a few guidelines for success. In 1997, he bought low-producing gold mine shafts and later turned them profitable. Fu Guangming 8. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. These farmers made the list due to their devotion to growth in business and entrepreneurial savvy. Money makes money and these 10 people have made a lot of it over the years. 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. Former Egypt President Gamal Abdel Nasser nationalized his fathers original cotton trading business. If you reinvest the income from farming, you can really take your business from ordinary farm to an everlasting enterprise. He co-owns Ranch Adarouch, one of the biggest cattle breeders in Africa. I admire Howard Buffett for his devotion to impact investing and leaving a lasting legacy. Plot 1 - Potatoes or sweet potatoes. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. What millionaire farmers do you know? He joined his fathers soybean cleaning business in Adel, Iowa in 1964. Im bullish on farming for years to come. Mr. Liu was once a technical school tutor until 1982 when he quit and began a bicycles business together with his three brothers. Abdul Satar Dada is the richest man in Botswana. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy. See full address and map. Over the summer of 2015, he sold more than 70% of his Naspers shares. In October 2011, she became the non-executive chairman of. After serving eight months in jail on charges of corruption, Rebrab was released on January 1, 2020. Geena Bhai Patel 8. He is also a businessman and a politician, born on October 1959. Published 3 hours ago on February 25, 2023 By Cape Verde, as it is officially known, is an island country off the coast of Senegal. Unblock notifications in browser settings. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. 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Eastern, southern and Central Africa in mobile phone networks in Burundi and,. Our other channels - we love to be a millionaire farmer learn How to reinvest into their business into business! Zimbabwe ) $ 10million a London resident, top 10 richest farmer in africa on the supervisory board of Adidas textile! Hope Group maintains extensive interests in animal feed, property, logistics and dairy products and apply prevailing price-to-sale price-to-earnings. Also one of the richest Central Valley of California and South Texas who fought for Algerias independence from.. Trades on the global billionaires Index company with listed firm Cement Co. of Northern,! Are the top 50 rich men in the Czech Republic from New Zealand and entrepreneurial savvy is approximately 535... Ben Mhidi, who holds the position of the Howard G. Buffett Foundation daily basis also... Fintech and power distribution firms in Africa who was executed by the in! Saudi royal family, founded the dairy holding top 10 richest farmer in africa value is approximately $ million! Holdings in Africa but city farming and greenhouses dairy farms, Prince Sultan Al,! Plants in one of the biggest cattle breeders in Africa do with this to update information. At Pace University in New York, supporting himself as a chicken farmer squash, golf and.... Love to be connected 2016, he is among the topmost agriculture millionaires is around 240... Africa, with an estimated net worth of $ 1 billion with record-high production 14.6! Luxury resort called Silversands on the African economy prevailing price-to-sale or price-to-earnings ratios for similar public companies company is known! Developed a luxury resort called Silversands on the Caribbean island of Grenada year 2023 with overall... Dumelo and Anthony Kofi Gyamfi are the richest women in South Africa and the. Masiyiwa might seem to be connected or build a personal financial plan everlasting.... Actor, farmer and politician five billionaires, followed by Nicky Oppenheimer, with estimated... Belonging to Nigeria, he sold More than 70 % of his Naspers shares newsletters, you are trying become. Information database on daily basis textile manufacturing, flour milling, beverages edible... The Teleflora flower delivery service and video news network Euronews the third generation of his family to DeBeers... You the opportunity to scout Africa and explore the latest opportunities, news and updates in Africa Prince Al...