He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. scoutafrica.net is a media platform that provides you information on what Transpires In Africa. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. The two brothers have a significant stake in joint venture Australian Fresh Milk Holdings which is the countrys most massive dairy milking operation. South African Nicky Oppenheimer, who formerly ran diamond mining firm DeBeers before selling it to mining firm Anglo American a decade ago, ranks No. The oldest musician, according to Clacified. Net worth: $2.5 billionRank in 2020: 7Net worth in 2020: $3.3 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 72Country: EgyptResidence: CairoEducation: Auburn University, Master of Business Administration. The combined firm, called BUA Cement Plc, trades on the Nigerian Stock Exchange; Rabiu owns 98.5% of it. The bank, which trades on the Johannesburg Stock Exchange, targets South Africas emerging middle class. This is how far we could go in the search for who the richest farmer is. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. Oppenheimer is a sports fan and plays squash, golf and cricket. 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. Former Egypt President Gamal Abdel Nasser nationalized his fathers original cotton trading business. TOP 5 RICHEST FARMERS IN AFRICA - YouTube TOP 5 RICHEST FARMERS IN AFRICA TOP 5 RICHEST FARMERS IN AFRICA AboutPressCopyrightContact. 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. 2023 Forbes Africa. He recognized the value and potential opportunities of reproduction, developing and growing newer higher-yielding soybean varieties for his company and farmers. (Video) Top 10 Richest Farmers in the World (2021) (Money Matters) Who is the richest farmer in SA? He runs OCI, one of the worlds largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt. 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. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights. Prince Sultans real net worth is $3.8 billion. 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. All Rights Reserved. The two brothers began developing their dairy operation around 40 years ago. Also join us across all of our other channels - we love to be connected! Please read my disclosure for more info. Prince Sultan Al Kabeer, a member of the Saudi royal family, founded the dairy company Almarai in 1977. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies. He led Naspers to invest in Chinese Internet and media firm Tencent in 2001 by far the most profitable of the bets he made on companies elsewhere. 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. Plot 4 Root vegetables like beets, carrots, and turnips. The two millionaire farmers have a net worth of $4 billion. Aliko Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer. If you notice any incorrect data which might be correct at the time of writing, kindly contact us to make the necessary changes. They own Armer Farms, a company in New Zealands North Island. He owns 85% of publicly-traded Dangote Cement through a holding company. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. 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. Not just traditional farming, but city farming and greenhouses. 2 spot up from No. Successful farmers always have the highest yielding equipment and continue to reinvest into their business. After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. Aliko Dangote - $12 Billion. 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. Having started with zero capital, Colin and Dale bought 140 cows to share the farm with a focus on making profits. His company Almarai is one of the largest dairy operators in the Middle East. According to the Forbes' richest list of 2017, here are the top wealthiest farmers in the world that have achieved great accomplishments focusing mainly on the farming sector. Rebrab is the son of militants who fought for Algerias independence from France. HOWARD BUFFETT - $200m 10. In 2018, there was a record of 23 African billionaires on the list. As the term Farmers usually applies to people who do some combination of raising field crops, orchards, vineyards, poultry, or other livestock. Darko is also known by many in the sub-region as the Poultry King and Akok Darko (meaning Poultry Darko in Akan). Angola - $217.97 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. 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. Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. and His Current Teams. Colin and Dales wealth is around $240 million, and they also own the Dairy Holding whose value is approximately $535 million. Farmers have large upfront costs, but if you own the land and assets, you can live off of the income forever. Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits. Farmers in Zambia. They now own a company called the Wonderful Company. Cape Verde is completely surrounded by the Atlantic Ocean and has a total land area of approximately 4,000 square kilometres. Adenuga, Nigerias second richest man, built his fortune in telecom and oil production. Nassef Sawiris is a scion of Egypts wealthiest family. Individuals who are from Africa, but don't reside in the continent (such as Elon Musk and . 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 also owns a Michelin-starred restaurant on the French Riviera. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. Some list members grow richer or poorer within weeks-or days-of our measurement date. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest . The company is best known for the brands Cartier and Montblanc. Real GDP growth: 3.4% Country group: developing lower-middle income economy Value of exports: $53,618 million (2019) It will be one of the tallest buildings in Africa. Dewji retired from Tanzanias parliament in early 2015 after completing two terms. 2023 Forbes Africa. The continents billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. 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. Harry Stine 4. 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. Shares . He and his son retained a 96% stake in the company. A few of these farmers on our list are not just millionaires, they are billionaires. 7 7 Ethiopia GDP (PPP): $109 billion. Africa's top 20 agribusiness companies Source: The Africa Report 2011; Bloomberg. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa. 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. Our list of millionaire farmers features families from across the world in all different continents. In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. He is among the most successful millionaire farmers in China from a humble beginning as a chicken farmer. Wapnick is one of the top 5 shareholders in each company, and her shares are estimated to be worth R544 million, according to Forbes. However, these millionaire farmers have isolated their businesses away from weather reliant products. Former President Olusegun Obasanjo is one of the richest farmers in Nigeria in 2022. Plot 4 - Root vegetables like beets, carrots, and turnips. His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun built it into a leading insurer. 10 richest people in Africa Sam DCruz / Shutterstock.com 15 Richest People in Africa 15) Othman Benjelloun (Morocco) Net worth: $1.3 billion (2021) Age: 88 Othman Benjelloun is the CEO of. Soon he branched out into the animal-feeds business. Disclaimer:As much as we try to update the information database on daily basis. Get this delivered to your inbox, and more info about about our products and services. With little financial support from his father, Howard managed to rank among the topmost agriculture millionaires. However, thats okay. They focus on mergers and acquisitions to expand the business into new verticals or lines of distribution. 5. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 300 Unique Trending Ankara Styles For Women, Top 50 Amazing African Long Dresses For Women, 150 Unique Bridal Reception Styles In Africa, 120 Amazing African Dress Styles For Ladies, 150 Beautiful African Print Tops Designs Ideas, Elisha Owusu Biography ; How Old Is Owusu ? Philip Ndegwa Family. Some of the richest farmers in the world no longer focus on the grass roots of farming. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. Modern agriculture and new technologies have helped foster the development of successful farms around the world. He runs OCI, one of the worlds largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam Exchange. Forbescalculates that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below $1 billion due to lower oil prices. ), Read More:The Full List of AfricasRichest People. Robert Mugabe (Former and Late, Zimbabwe) $10million. Farmers can be somewhat reliant on weather conditions and external factors that will truly influence how much money you can make. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. 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. He's made appearances in a few editions of Forbes, the business magazine popular with global corporate heavyweights and the high net-worth set. 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%. Fu Guangming 7. He was the third generation of his family to run DeBeers, and took the company private in 2001. 4. Harry Stine (America) 5. . Forbeshas marked Dos Santos frozen assets at zero. He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. A more than 60% surge in the share price of his luxury goods firm Compagnie Financiere Richemont maker of Cartier watches and Montblanc pens pushed his fortune to $11 billion, up from $7.2 billion a year ago, making him the biggest gainer on the list. His brother Naguib is also a billionaire. Aliko Dangote stands at the top of the list when it comes to the richest men in Africa. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. 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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