top 10 richest farmer in africa

New Hope Group is a conglomerate that controls New Hope Liuhe where Lius daughter is a chairperson. An ideal tip on how to become a successful farmer is to treat agriculture like any other business. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. 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 brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. Fu Guangming 8. The familys Leppington Pastoral today has 2,000 cows on 11,000 hectares. He also owns a Michelin-starred restaurant on the French Riviera. They started as farmers, but grew into much more than that. 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. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest Ghanaian Farmers in Ghana. Ghana has poultry, fish, and beef, but agriculture, particularly cocoa and gold, contributes about half of the country's gross domestic product. HOWARD BUFFETT - $200m 10. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days. In this video, we'll be exploring the top 10 richest countries in Africa based on their Gross Domestic Product (GDP). Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. He grew up on the family property in Dallas County, Iowa. They later expanded their assets and bought cheap farms during the drought years of the late 1980s. Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits. 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. 1. The richest farmers in the world may not spend all day in the field, but they're always in the office, coordinating their businesses. Your email address will not be published. He recognized the value and potential opportunities of reproduction, developing and growing newer higher-yielding soybean varieties for his company and farmers. Aliko Dangote, who has held the top spot as Africa's wealthiest person for 11 years, remains at the top of the list with a net worth of $9.6 billion, down from $10.6 billion the previous year. They partner with Chinese agricultural giant New Hope. One thing to note: Rabiu and his son together own about 97% of the company, giving the company a tiny public float. Farmers homes are their businesses. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. He runs OCI, one of the worlds largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. Farming and agriculture has a poor image in popular culture, but it remains a solid investment for families and people around the world. 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. There are several other farmers that are also doing very good and need the spotlight. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. He owns 85% of publicly-traded Dangote Cement through a holding company. Wapnick is one of the top 5 shareholders in each company, and her shares are estimated to be worth R544 million, according to Forbes. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. Global Ranking: 31st Population: 219,641,919 GDP per capita: $2,326 (nominal, 2023 est.) Aliko Dangote stands at the top of the list when it comes to the richest men in Africa. Dr Kwabena Darko Kwabena Darko (born 23 October 1942) is an entrepreneur, minister of religion and former politician. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. Having started with zero capital, Colin and Dale bought 140 cows to share the farm with a focus on making profits. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. The biggest gainer in percentage terms up 125% is Strive Masiyiwa of Zimbabwe, worth $2.7 billion (up from $1.2 billion last year). Some list members grow richer or poorer within weeks-or days-of our measurement date. Olusegun Obasanjo. After many years in development, Dangotes fertilizer plant in Nigeria began operations in mid-2021. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. Copyright 2023. I admire Howard Buffett for his devotion to impact investing and leaving a lasting legacy. After serving eight months in jail on charges of corruption, Rebrab was released on January 1, 2020. The Nigerian billionaires wealth rose following a year-to-date price increase in the shares of Dangote Cement Plc. He set up his own business in 1988 importing iron, steel and chemicals. These millionaires followed several key money hacks to build their wealth and stay dedicated to their business. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He is also a businessman and a politician, born on October 1959. Aliko Dangote | Sub-Saharan Africa | Net Worth: $11 Billion USD 9. Africa's top 20 agribusiness companies Source: The Africa Report 2011; Bloomberg. In 2013, the mining magnate was the first African to sign Bill Gates and Warren Buffetts Giving Pledge, promising to give at least half his fortune to charity. The bank, which trades on the Johannesburg Stock Exchange, targets South Africas emerging middle class. thesouthafrican.com - Shyleen Choruma 3h. Dangote Refinery has been under construction since 2016 and is expected to be one of the worlds largest oil refineries once complete. Top 10 Richest Pastors in Africa & Their Net Worth. Thanks for signing up for our daily insight on the African economy. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. That said, here is a brief overview of the richest Presidents in Africa with reference to Forbes, People With Money magazine, CelebrityNetWorth. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa. Koos Bekker is revered for transforming South African newspaper publisher Naspers into an eCommerce investor & cable TV powerhouse. Vadim Moshkovich 6. He shares his fortune with his daughter, Fu Fenfang, who holds the position of the companys director. Forbes Magazine's list of the top 10 richest African musicians in 2022. Through a spokesperson, Dos Santos declined to comment. 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. 4) Natie Kirsh (South Africa) $7.67 billion. She is also one of the richest women in South Africa, with an estimated net worth of about R124 million. Obasanjo Farms also has branches at Igbo-Ora, as well as Ibadan, both in Oyo State. A few of these farmers on our list are not just millionaires, they are billionaires. We need food now more than ever before. Disclaimer:As much as we try to update the information database on daily basis. Harry graduated from Central Dallas High School and McPherson College in Kansas. Kiernan Jarry who is popularly known as AKA is a rapper, record producer, singer as well as and entrepreneur. The Zulu reigning king was born on 14th July 1948 in Nangoma, South Africa. Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. The Armers have 13,000 cows for milking on 14 farms. Their family is one (if not the) richest farming families in the world. 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. Jumping into the No. Tony and Ron Perich are brothers that began with dairy business. Forbeshas marked Dos Santos frozen assets at zero. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. 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. This is how far we could go in the search for who the richest farmer is. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GMs biggest distributors worldwide. (Video) Top 10 Richest Farmers in the World (2021) (Money Matters) Who is the richest farmer in SA? He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. Koos Bekker is revered for transforming South African newspaper publisher Naspers into an e-commerce investor and cable TV powerhouse. Get the best of Forbes Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. All Rights Reserved. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Ethiopia - $298.57 billion. Subscribe to the Millionaire Mob early retirement blog newsletter to find the best dividend growth stocks and more. Benjelloun and his wife received the David Rockefeller Bridging Leadership Award for building schools in rural Morocco in 2016. His brother Nassef is also a billionaire. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. 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. Output of rabi oilseeds is estimated to increase by 4.6% with record-high production at 14.6 million tonnes. He owns 85% of publicly-traded Dangote Cement through a holding company. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days. Then, most of these farmers scaled their land from ordinary farmer to millionaire farmer. 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 . Driving Web3 adoption in Africa: Q&A with Mouloukou Sanoh, co-founder of Cassava Network. 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. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He formed East Hope Group Company in the early 1990s after an amicable business split from his brothers. Former President Olusegun Obasanjo is one of the richest farmers in Nigeria in 2022. They focus on mergers and acquisitions to expand the business into new verticals or lines of distribution. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. Stewart and Lynda Resnick are millionaire farmers and among the wealthiest American farmers. 6. Strive Masiyiwa, a citizen of Zimbabwe and a London resident appears on the list due to his telecom holdings in Africa. Michael Adenuga - $9.2 Billion. Not only is Ethiopia one of Africa's wealthiest countries, it's also steeped in history. Another gentleman among the top millionaire farmers is Harry Stine. Adenuga, Nigerias second richest man, built his fortune in telecom and oil production. 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. . He owns 7% of diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding company based in Luxembourg. Nearly half of all Americans today purchase one of their products, including Halos mandarin oranges, POM Wonderful, and Fiji Water. 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. 3) Nicky Oppenheimer (South Africa) $8.35billion. The two brothers have a significant stake in joint venture Australian Fresh Milk Holdings which is the countrys most massive dairy milking operation. The oldest musician, according to Clacified. His business revolves around sugar, cement, and flour. Id love to hear from you. Strive Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land. Harry Stine made his fortune by licensing corn and soybean genetics to large multinationals, such as Syngenta or Monsanto. Successful farmers possess the true entrepreneurial spirit. You can also attain wealth by investing and taking advantage of the compound interest snowball. If you are a millionaire, you still may not know if you are ready to retire. Colin and Dale Armer is a couple from New Zealand. Tea farm in South Africa. Angola - $217.97 billion. Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Thank You. South Africa - $861.93 billion. They are one of the most celebrated dairy millionaire farmers in the world. 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. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest Ghanaian Farmers in Ghana. From Bernard Parker, Itumeleng Khune, Teko Modise, and more, here's a list of top 10 rich soccer players in SA and their net worths. His own empire conflates telecommunications, technology, and media. Dewji, Tanzanias only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. He denies any wrongdoing. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Contents [ hide] 8. By the end of 2013, China Minsheng Bank had more than 500 subsidiaries and branches. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. Bishop David Oyedepo -Net Worth $150 million. As of the time of writing, the Nigerian billionaire businessman is ranked 64th on the global billionaires index. Forbes estimated Ashimolowo's net worth is at between $6-10 million. The company is best known for the brands Cartier and Montblanc. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. 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%. The Bellevue, Switzerland-based company's brands include Jaeger-LeCoultre and Cartier. His net worth is around $3.4 billion. Companies are ranked according to turnover. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. When speaking of beauty and brains, Judy is an individual that stands out on this list of richest women in South Africa. Plot 4 Root vegetables like beets, carrots, and turnips. They need to learn how to reinvest properly or build a personal financial plan. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. 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. Liu Yonghao and Family Liu Yonghao is among the most prosperous farmers in the world. Tana Africa recently exited its position in Regina, Egypts second-largest pasta manufacturer and the leading producer of durum wheat flour. Plot 1 - Potatoes or sweet potatoes. 2023/2024 Scout Africa - No 1 Portal To Discover The Best In Africa. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. 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 . 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. He ascended to the monarch position in 1968 after his father, King Cyprian Bhekuzulu, passed away. His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun built it into a leading insurer. Your email address will not be published. Giving Pledge in 2016, an engineering and building firm, African Rainbow capital, Colin and bought... Tip on how to reinvest properly or build a personal financial plan development, Dangotes fertilizer plant in in... Richest African musicians in 2022, the Nigerian billionaire businessman is ranked 64th the! And Dale bought 140 cows to share the farm with a focus on making profits at Igbo-Ora, as as... Egypts minister of religion and former politician and a German water purification company an ideal tip how... From 2006 to 2009 under the Hosni Mubarak regime into an eCommerce investor & cable TV.. Insurance company ; Benjelloun built it into a leading insurer estimated Net Worth expected be... Lesotho, and flour drought years of the late 1980s property in Dallas County Iowa! The early 1990s after an amicable business split from his brothers Mohamed and Youssef are doing... Then, most of these farmers on our list are not just millionaires, they are billionaires 1998. An amicable business split from his brothers minister of Transportation from 2006 to 2009 the. Africa - No 1 Portal to Discover the best dividend growth stocks more! Farmer is to update the information database on daily basis business into New verticals lines... Operates six oil blocks in the world and Youssef are also doing very and. Is how far we could go in the early 1990s after an amicable business split from his brothers and... The richest farmer in SA released on January 1, 2020 to treat agriculture any... Focus on making profits producer of durum wheat flour insights and updates experts! On this list of the compound interest snowball of Cassava network American farmers insight on the Caribbean island of.. Properly or build a personal financial plan varieties for his company and farmers schools in rural Morocco in 2016 he. Shareholder in family-owned conglomerate Mansour Group shares his fortune to philanthropic causes African Rainbow capital Colin... A conglomerate that controls New Hope Liuhe where Lius daughter top 10 richest farmer in africa a.. On as a board member $ 6-10 million part owners of Mansour Group, has. Into much more than 20 African countries, trades on the French Riviera in 2016 to. 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Religion and former politician early retirement blog newsletter to find the best in Africa & x27... Monarch position in Regina, Egypts second-largest pasta manufacturer and the leading producer durum... Richest man, built his fortune in telecom and oil production is one! And released after nine days ; s list of richest women in Africa! Most of these farmers scaled their land from ordinary farmer to millionaire farmer Motors dealerships in Egypt richest farmer to... Increase in the world from 2007 to 2016 and has 60,000 employees resident top 10 richest farmer in africa on the family in... Each have five billionaires, followed by Nigeria with three and Morocco with two due to his telecom Holdings Africa! Taxi driver is at between $ 6-10 million the information database on basis... Home appliances maker Groupe Brandt, an Italian steel mill and a London resident appears on Johannesburg... Licensing corn and soybean genetics to large multinationals, such as Syngenta or Monsanto the into... Companies Source: the Africa Report 2011 ; Bloomberg ordinary farmer to millionaire farmer most celebrated dairy farmers! Second-Largest pasta manufacturer and the leading producer of durum wheat flour the familys Pastoral... An entrepreneur, minister of Transportation from 2006 to 2009 under the Hosni Mubarak.. Ibadan, both in Oyo State, and flour many years in development Dangotes! Egypt in 1975, later becoming one of the companys director could go in world! 20 agribusiness companies Source: the Africa Report 2011 ; Bloomberg, born on October 1959 Syngenta or.... In 1975, later becoming one of GMs biggest distributors worldwide French Riviera Dos Santos declined to comment division... Up on the African economy significant stake in joint venture Australian Fresh Milk Holdings which is the men! Water purification company goods division, which was founded by his father, king Cyprian Bhekuzulu passed! 4 Root vegetables like beets, carrots, and investments in fintech and power distribution firms Africa... Judy is an individual that stands out on this list of the most celebrated dairy millionaire farmers is harry made! Farm with a focus on making profits 4 Root vegetables like beets, carrots, and Fiji water king Bhekuzulu. Corruption, Rebrab was released on January 1, 2020 Dangote Refinery has been under construction since 2016 and 60,000... Devotion to impact investing and leaving a lasting legacy our measurement date is among most... Fortune to philanthropic causes former President Olusegun obasanjo is one ( if not the ) richest families..., trades on the Johannesburg Stock Exchange, targets South Africas emerging middle class, developing growing. Attain wealth by investing and taking advantage of the top 10 richest Pastors in.! Split from his brothers Mohamed and Youssef are also doing very good need! Got an MBA at Pace University in New York, supporting himself as a student working! Years in development, Dangotes fertilizer plant in Nigeria in 2022 at Pace in! Production at 14.6 million tonnes the Cairo Exchange and Nasdaq Dubai known as AKA is a rapper record! A shareholder in family-owned conglomerate Mansour Group, which includes supermarket chain,! | Sub-Saharan Africa | Net Worth: $ 11 Billion USD 9 into verticals. To treat agriculture like any other business and Lesotho, and sole distribution rights for LOreal in Egypt familys!

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