Sunday, April 21

Africa billionaires

Billionaires in Africa. www.theexchange.africa
  • On average, the continent’s billionaires are worth $4.7 billion now compared to the $3.4 billion in 2014
  • Aliko’s wealth has been increasing exponentially, from $10.1 billion in 2020, $12.1 billion in 2021, and 13.9 billion in 2022
  • Nigerian Abdulsamad’s worth has risen from $3.1 billion in2020 to $7 billion in 2022, arguably the best performer on the list.

The African economy is not doing so well. But that does not mean so are all the people on the continent!

Aliko Dangote, a business magnate in Nigeria, has topped the 2022 Forbes list of the richest men in Africa for the eleventh consecutive time.

Despite the Coronavirus pandemic, the continent’s 18 billionaires’ combined worth is 15 per cent more than it was in 2021, standing at roughly $84.9 billion.

On average, the continent’s billionaires are worth $4.7 billion now compared to the $3.4 billion in 2014.

Soaring stock prices across sub-Saharan …

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Luxury-Homes-in-Africa source african vibes magazine

The African continent has been portrayed in most literature as the “Dark Continent”, with not many expectations from it. This degrading view is slowly fading from the trending news globally, as the continent continues to headline great achievements. 

 

There has not been a shortage of millionaires as well, with new six-figure worth individuals being added each year impacting the socio-economic outlook on the continent.  …

Ronda Rousey Net Worth

Born on February 1, 1987, in Riverside County, California, Ronda Rousey suffered from speech problems for the first six years of her life. Her parents moved to Jamestown North Dakota for special and intensive speech therapy at Minot State University from Riverside when she was three years old. Her mother, AnnaMaria De Mars, was the first American woman to win the World Judo Championship. Together with the World Judo Championship winner, her mother holds a Ph.D. at the University of California, Riverside. She pursues her degree while raising her daughters. Ronda’s father, Ron Rousey, committed suicide in 1995 after breaking his spine and learning that he would be paralyzed.

Ronda Rousey

Ronda Rousey Net Worth

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Ronda Rousey is an American MMA and judo contestant with a net worth of $ 13 million. She was one of the most popular and successful female MMA fighters of all time, later on, …

donald kipkorir

A glimpse at Donald B. Kipkorir 

At 52 years old, Donald B. Kipkorir is one of the continent’s richest and influential men. His USD4000 suit and fleet of Mercedes Benz’s say it all, not to mention the mansions that dot Kenya’s richest estates.

Interestingly enough, the rich lawyer at first wanted to be a priest and word has it that he, at a point in his life, even went to a seminary.

The third born in a family of nine Kipkorir once told Business Daily that he lived all his childhood in a mud-thatched hut all the way up to joining the university. A graduate of the University of Nairobi and Post-graduate student at the Kenya School of Law, Kipkorir started his journey to success in 1994 when he joined the Moses Wetang’ula law firm.

Donald Kipkorir Net Worth

Wetangula, himself one of the most influential lawyers in the country …

patrice motspe

Who is Patrice Motsepe

Patrice Motsepe is a South African billionaire born on 28 January 1962 in Pretoria, South Africa. He is the founder and executive chairman of African Rainbow Minerals, which deals with gold, ferrous metals, base metals, and platinum. Patrice Motsepe also sits on several company boards, including being the deputy chairman of Sanlam and non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company.

Motsepe became the first black partner at law firm Bowman Gilfillan in Johannesburg in 1994, he founded Future mining which provided contract mining services that included the cleaning of gold dust from inside mine shafts for the Vaal Reefs Gold mine and implemented a system of worker remuneration that combined a low base salary with a profit-sharing bonus.

patrice motsepe

Patrice Motsepe Net Worth

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In 2020, Motsepe was ranked as the 1,307th-wealthiest person in the world by Forbes, with a …

yasseen mansour

Who is Yasseen Mansour

Yasseen Mansour is one of Egypt’s richest men, born in 1962 born in one of the most prominent business families in Alexandria. He is part-owner of the Mansour Group and chairman of Palm Hills Developments, one of Egypt’s largest real estate developers.

Yasseen Mansour net worth

Yasseen Mansour net worth as of this year is at $2.3 billion ranking him among African billionaires and also as an Egyptian billionaire.
He is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy
Yassen is one of the five children of Loufty and the youngest brother of the two famous Egyptian billionaires, Mohamed Mansour and Youssef Mansour.
He attended George Washington University and received a bachelor’s degree of Art and Science in finance.

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Yasseen Mansour Career

yasseen mansour

In 1986 Mansour started his professional career with the Mansour Automotive Company. In 2005, he …

folorunsho alakija

Who is Folorunsho Alakija

Folorunsho Alakija is one of the richest women in the world. she started her journey to wealth in the fashion industry and the entrepreneur spirit in her drove to oil prospectus, the rest is history, now Folorunsho Alakija is worth  $2.5 billion dollars making her one of the wealthiest Africans out there.

Born in Lagos, Alakija was schooled in the UK and attended Pitman’s Central College in London. As a passion, she was into the fashion industry and so she naturally also attended the Central School of Fashion.

When she returned back home, in Lagos Nigeria, she resolved to launch her own tailoring business and in no time became the National President and a Trustee for the Fashion Designers Association of Nigeria.

In fact, among Alakija’s customers included the wife of former Nigerian president Ibrahim Babangida.

That was just the beginning, in the early 90s, the …

Othman Benjelloun. He is a Moroccan businessman whose career is in banking. www.theexchange.africa

Who is Othman Benjelloun

Othman Benjelloun is a Morrocan national born in 1931 in Casablanca, Morocco, Morocco. He is the president and CEO of Moroccan Bank for External Trade (BMCE Bank) which has a presence in more than 20 African countries making him one of Africa’s richest men.

A family man with two children, he is currently listed as the richest person in Morocco. Othman Benjelloun was born to a wealthy family that owned a huge Moroccan insurance company.

Today, that insurance company is called RMA Wataniya and is one of the largest financial institutions in North Africa.

He is also the head of FinanceCom which among other things is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies and truly deserved the title of, one of the wealthiest men in Africa.

The holding company FinanceCom has …

Michiel Le Roux

South African billionaire Michiel Le Roux.
Michiel Le Roux is a South African entrepreneur and founder of Capitec Bank in which he owns about 11 percent stake.

Founded in 2001 the bank is listed and trades on the Johannesburg Stock Exchange. Capitec bank targets South Africa’s emerging middle class and is thus far one of Africa’s most successful banks.
Le Roux has served as the bank’s board chairman from 2007 to 2016 and now continues to be a board member and is renowned to be one of SA’s billionaires.
He is a seasoned banker and financial enthusiast having previously run the Boland Bank, a regional bank in Cape Town.

michael le roux

The Bank is now one of the most notable financial institutions in the country and according to the Solidarity Research Institute report of 2015, Capitec Bank is described as the cheapest bank in South Africa.
A good description of a targeted …

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