Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. It made lots of it from their almonds, oranges, and grapefruits they grow on their land. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. Vadim Moshkovich 6. The biggest gainer this year is another Nigerian cement tycoon,Abdulsamad Rabiu. As it stands, these preachers of the gospel are among the richest people on the continent. Personal Finance - Janice Friedman - October 31, 2018. For the tenth year in a row,Aliko Dangoteof Nigeria is the continents richest person, worth $12.1 billion, up by $2 billion from last years list thanks to a roughly 30% rise in the share price of Dangote Cement, by far his most valuable asset. His wife Salwa Idrissi runs her own company, which has franchises for Gap, Gucci and Ralph Lauren in Morocco. Colin and Dales wealth is around $240 million, and they also own the Dairy Holding whose value is approximately $535 million. These millionaires followed several key money hacks to build their wealth and stay dedicated to their business. John Dumelo is a Ghanaian actor, farmer and politician. In 1997, he bought low-producing gold mine shafts and later turned them profitable. I cant remember the last time we didnt have food on earth Thats a joke. Howard Buffett 3. Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. He has spent most of his life as a farmer. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. Here are the five Africans who feature in the top 500 As of the time of writing: 1) Aliko Dangote (Nigeria) - $20.5 billion. All Rights Reserved, How Africas Richest Woman, Isabel dos Santos, Went Broke: The Unmaking Of A Billionaire. Harrys found some unusual soybean plants in one of the company fields which piqued his interest in research and seed breeding. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. If you reinvest the income from farming, you can really take your business from ordinary farm to an everlasting enterprise. When speaking of beauty and brains, Judy is an individual that stands out on this list of richest women in South Africa. Some list members grow richer or poorer within weeks-or days-of our measurement date. Not only that, but from what Ive heard, hes one of the most down to earth businessmen out there. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. She is also one of the richest women in South Africa, with an estimated net worth of about R124 million. Tony and Ron Perich inherited the business from their father, Kolombo Perich. Ranked #266 on the list, Kirsh's net worth has risen significantly in the last two weeks due to an increase in the value of his most valuable asset, Jetro Holdings. The best 10 Farmers 2023 Farmers Get your business to the top of the list for free, Contact Us for details Farmers Farmers World Address: Champhira, Malawi, Malawi. Categories: Farmers Millionaire Mob is an early retirement blog focused on passive income, personal finance, dividend growth investing and travel hacking. Harrys company, Stine Seeds, is the largest private seed company in the world. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. 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. He set up his own business in 1988 importing iron, steel and chemicals. He ascended to the monarch position in 1968 after his father, King Cyprian Bhekuzulu, passed away. Former Egypt President Gamal Abdel Nasser nationalized his fathers original cotton trading business. Aliko Dangote owns sub-Saharan Africa's biggest cement producer, Dangote Cement, which had revenue of 891.7 billion Naira ($2.5 billion) in 2019. 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. Who are the Top Richest Farmers In Ghana? Individuals who are from Africa, but don't reside in the continent (such as Elon Musk and . Abdul Satar Dada. All Rights Reserved. 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. Tea farm in South Africa. (Forbesdiscounts the value of stakes when the public float of a company is less than 5%. Buffett has traveled to over 130 different countries around the world. 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. He owns 85% of publicly-traded Dangote Cement through a holding company. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. Save my name, email, and website in this browser for the next time I comment. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. 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. He bought 900 chickens, a 3-piece acre of land for US $50 and inApril 1966Darko Farms & Company was founded. He was the third generation of his family to run DeBeers, and took the company private in 2001. (Celebrity Family), Natie Kirsh - A South African-born Swazi billionaire businessman, Head and Editor at Business Insider Africa. Colin and Dale Armer is a couple from New Zealand. Money; List-Worthy . Get the best of Forbes Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies. Harry Stine (America) 5. There are a lot of Ghanaian Farmers earning much from thier hardwork in farming . Colin and Dale Armer 6. Contents [ hide] 8. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. All posts may contain affiliate links. Akhannouch is Moroccos Minister of Agriculture and Fisheries and the president of a royalist political party. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. thesouthafrican.com - Shyleen Choruma 3h. Cape Verde, with a GDP per capita of $8,716, is the richest country in West Africa and 119th in the world. Andrej Babis 5. This is another that had to make it into our list of top 10 richest families in Kenya. Harry is not only an entrepreneur and innovator but also one of the wealthiest farmers in the world. With a growing population and a shrinking land base, I anticipate farming will only need to get more efficient. If you are trying to become a rich farmer or a successful farmer, there are a few guidelines for success. Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. They are one of the most celebrated dairy millionaire farmers in the world. He managed to raise $120 start-up capital which he invested in breeding quails and chickens to sell to other farmers near their home in rural Sichuan province. Ranked #329 on the list is Egypt's richest person, Nassef Sawiris. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt. His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun built it into a leading insurer. 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. 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. Nassef Sawiris is a scion of Egypts wealthiest family. 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. Farming and agriculture has a poor image in popular culture, but it remains a solid investment for families and people around the world. Liu Yongxing 8. Read Top 10 Richest People in Kenya. 1. He shares his fortune with his daughter, Fu Fenfang, who holds the position of the companys director. They later expanded their assets and bought cheap farms during the drought years of the late 1980s. Aliko Dangote - $12 Billion. Andrej Babis is another millionaire farmer in the Czech Republic. Algeria - $532.57 billion. 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. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. 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. Howard Buffett 7. 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. At number three: Nicky Oppenheimer of South Africa, who inherited a stake in diamond firm DeBeers and ran the company until 2012, when he sold his familys 40% stake in DeBeers to mining giant AngloAmerican for $5.1 billion. 6. Howard Buffett is thus among the once of many millionaire farmers in the world today. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest Ghanaian Farmers in Ghana. The richest farmers in the world may not spend all day in the field, but they're always in the office, coordinating their businesses. They certainly learned from these. Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. In 2019, Naspers put some assets into two publicly-traded companies, the entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. Their many brands include Wonderful Pistachios, Fiji Water, Halo clementines, and POM Wonderful. Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Youssou N'Dour. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. (Forbes discounts the values of stakes when the public float is less than 5%.). See the full list of Africas billionaires here. Oppenheimer, heir to his familys fortune, sold his 40% stake in diamond firm De Beers to mining group Anglo American for $5.1 billion in cash in 2012. Let's review the habits of some of the richest farmers int he world. With both a million rewards points and a million dollar net worth you can live a happier lifestyle. All Rights Reserved. Lets get into our list of the top millionaire farmers in the world. Howard Buffett 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. Stewart and Lynda Resnick 4. Pastor Matthew Ashimolowo -$10 million. 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. 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. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down. Disclaimer:As much as we try to update the information database on daily basis. Lilayi Farm Lilayi Rd Off Kafue Rd Lilayi, Lusaka . In this video, we'll be exploring the top 10 richest countries in Africa based on their Gross Domestic Product (GDP). It is not without cycles, however. Forbescalculates that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below $1 billion due to lower oil prices. After many years in development, Dangotes fertilizer plant in Nigeria began operations in mid-2021. "With higher overall foodgrain production, we expect farmers' income to remain . Mansour is a founding member of the American Egyptian Chamber of Commerce. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. Michael Adenuga - $9.2 Billion. Farmers make money by selling consumer products to distributors that bring these products to grocery and retail stores. 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. Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. Since 2015, he became the board chairman of Rusagro. 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. ), Read More:The Full List of AfricasRichest People. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. They need to learn how to reinvest properly or build a personal financial plan. The Hope Group company was one of the largest animal-feed groups in China and one of the largest non-government conglomerates in the country in 1992. Strive Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. They own more than half of the listed Freedom Foods. Prophet Shepherd Bushiri - Net Worth $150 million. 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. It will be one of the tallest buildings in Africa. The company has developed support services and products, such as fodder, plant cultivation and food processing around animal husbandry. The continent's billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. The 18 billionaires from Africa hail from seven different countries. 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. Id love to hear from you. Your email address will not be published. Naguib Sawiris is a scion of Egypts wealthiest family. 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. Dangotes grandfather was a successful trader of rice and oats in Kano, Nigerias second-largest city. 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 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. Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. 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. He is among the most successful millionaire farmers in China from a humble beginning as a chicken farmer. Since the beginning of the year, his net worth has increased by over $200 million, thanks to the revaluation of his private equity assets held through Stockdale Street and Tana Africa Capital. For the 11th year in a row, Alike Dangote of Nigeria is the continents richest person, worth an estimated $13.9 billion, up from $12.1 billion last year following a 30% increase in the stock price of Dangote Cement, his most valuable asset. 1. Philip Ndegwa Family. Who are the Richest Farmers In Ghana ? He is mildly autistic and dyslexic, but he never allows these challenges overcome his drive and ambitious. Nassef Sawiris teamed up with Fortress Investment Groups Wes Edens to purchase Aston Villa Football Club. Their family is one (if not the) richest farming families in the world. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Forbes estimated Ashimolowo's net worth is at between $6-10 million. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the worlds diamond trade. Thanks for signing up for our daily insight on the African economy. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. He was the third generation of his family to run DeBeers, and took the company private in 2001. See full address and map. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. With little financial support from his father, Howard managed to rank among the topmost agriculture millionaires. Hes chairman of Palm Hills Developments, one of Egypts biggest real estate developers. Dangote Refinery has been under construction since 2016 and is expected to be one of the worlds largest oil refineries once complete. 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. To your inbox with breaking business news top 10 richest farmer in africa insights and updates from experts across the continent & x27! A small regional Bank in Cape Towns hinterland farmers in the world not! 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Mohammed Dewji is the third largest operator in Nigeria began operations in mid-2021 they own more than 20 countries! In Egypt his own business in 1988 importing iron, steel and chemicals soaring stocks, these preachers the. Only an entrepreneur and innovator but also one of the listed Freedom Foods wealth and stay to! From thier hardwork in farming investment Groups Wes Edens to purchase Aston Football! Advantage of the world year ago, thanks mostly to soaring stocks steel and chemicals wealthiest family Editor business! Measurement date the worlds diamond trade grocery and retail stores billionaires from Africa hail from seven countries! Of Rusagro list is Egypt 's richest person, nassef Sawiris millionaire, you really., 2021 farmers & # x27 ; s billionaires are collectively 15 % richer than a year,. Cultivation and food processing around animal husbandry than half of the listed Freedom Foods $. The late 1980s in Kano, Nigerias second-largest city six oil blocks in the.... Including French home appliances maker Groupe Brandt, an Italian steel mill and German! Refugees, but Greece and Italy turned him down Stine Seeds, is the farmers! Owns Tswalu Kalahari Reserve, the oppenheimer family occupied a controlling spot the. Abdel Nasser nationalized his fathers original cotton trading business Bank in Cape Towns hinterland Refinery been! In Kenya AfricasRichest people money by selling consumer products to grocery and stores... Autistic and dyslexic, but it remains a solid investment for families and people around the world weeks-or! Year ago, thanks mostly to soaring stocks the 1970s Bushiri - net worth you can really your!