Sudanese, Mohamed Ibrahim a staunch advocate for Africa and a contributor to socio-political issues across the continent did not make the cut for this year’s (2011) Forbes Rich List.
Profiles of Africa’s Billionaires – 2011 (Source: Forbes Rich List 2011)
Aliko Dangote$13.8 B
Net Worth Calculated March 2011
Age: 53
Source: sugar, flour, cement , inherited and growing
Residence: Lagos, Nigeria
Country of citizenship: Nigeria
Marital Status: Married
Children: 3
World’s Billionaires
#51 overall
#1 in Nigeria
The Nigerian businessman’s fortune surged 557% in the past year, making him the world’s biggest gainer in percentage terms and Africa’s richest individual for the first time. The catalyst was listing Dangote Cement, which integrated his investments across Africa with his previously public Benue Cement; it now accounts for a quarter of the Nigeria Stock Exchange’s total market cap. Already the continent’s biggest cement maker, he has plants under construction in Zambia, Tanzania, Congo and Ethiopa and is building cement terminals in Sierra Leone, Ivory Coast and Liberia, among other places. Dangote, who recently bought himself a $45 million Bombardier aircraft for his birthday, has been shuttling back and forth to London for months, in anticipation of a public offering there later this year. Dangote began his career as a commodities trader; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, and oil and gas.
Nicky Oppenheimer & family$7 B
Net Worth Calculated March 2011
Age: 65
Source: De Beers, inherited
Residence: Johannesburg, South Africa
Country of citizenship: South Africa
Education: BA/BS, Oxford U Christ Church; MA, Oxford U Christ Church
Marital Status: Married
Children: 1
World’s Billionaires
#136 overall
#1 in South Africa
The ‘forever’ part of the diamonds story don’t seem to be rubbing off on the fortunes of De Beers. The world’s largest diamond producer, owned by Oppenheimer, has seen a choppy ride in the last couple of years. Buyers took flight in the aftermath of the 2008 financial crisis and are now slowly coming back led by developing countries such as India and China. The company cut costs aggressively last year and has been selling off some of its assets in 2010, a year that it said was better than expected.Oppenheimer quashed speculation in January that he was divesting the family’s 40% stake in De Beers to Anglo American, which already owns 45% in it. The Oppenheimer family, in turn, owns 2% in mining giant Anglo American, founded in 1917 by grandfather Ernest. Passionate conservationist, owns Tswalu Kalahari Reserve, largest private game reserve in South Africa.
Nassef Sawiris$5.6 B
Net Worth Calculated March 2011
Age: 50
Source: construction, inherited and growing
Residence: Cairo, Egypt
Country of citizenship: Egypt
Education: BA/BS, University of Chicago
World’s Billionaires
#182 overall
#1 in Egypt
Youngest son of Orascom founder and billionaire Onsi Sawiris. Took over leadership of empire’s flagship construction and fertilizer division in 1998. In 2007, sold cement business in Algeria to French construction giant Lafarge. Owns 13.9% stake in Lafarge, and sits on board . Also largest shareholder in cement producer Texas Industries. Had berated management’s poor performance, but recently reached agreement to boost stake to no more than 20%. Shares of Orascom on London exchange plunged by more than one-third after uprising in Egypt.
Johann Rupert & family$4.8 B
Net Worth Calculated March 2011
Age: 60
Source: luxury goods, inherited and growing
Residence: Stellenbosch, South Africa
Country of citizenship: South Africa
Education: BA/BS, University of Stellenbosch
Marital Status: Married
Children: 3
World’s Billionaires
#219 overall
#2 in South Africa
Owns publicly traded Swiss luxury group Richemont, which owns Cartier, Dunhill, makes Chloe bags and MontBlanc pens. Company has been doing better than analyst expectations on the back of accelerating sales in Asia-Pacific. Big on acquisitions: Richemont bought out online fashion portal Net-a-Porter 350 million pounds in April 2010 while his South African holding company, Remgro, bought out private South African investment outfit, VenFin, earlier. Appointed as Chancellor of the University of Stellenbosch,in South Africa where he has an office. With family relatives, owns two of South Africa’s best-known vineyards, Rupert & Rothschild and L’Ormarins; owns one of the country’s most exclusive golf clubs. Launched L’Ormarins 1200 car rally;has been pushed back from October 2010 to end-2011. Recently, he vowed to take on oil multinational Shell, opposing shale gas development in SA.
Naguib Sawiris$3.5 B
Net Worth Calculated March 2011
Age: 56
Source: telecom, inherited and growing
Residence: Cairo, Egypt
Country of citizenship: Egypt
Education: BA/BS, Swiss Federal Polytechnical Institute; MS, Swiss Federal Polytechnical Institute
Marital Status: Married
Children: 4
World’s Billionaires
#310 overall
#2 in Egypt
Eldest son of Orascom founder Onsi Sawiris played a role in Egypt’s revolution, calling on Hosni Mubarak to step down and new government to be formed. Now seems to be distancing himself from politics. Heads Wind Telecom, which provides mobile services across Middle East, Africa, South Asia, Europe and Canada through Orascom Telecom, Italy’s Wind Telecomunicazioni and Greece’s Wind Hellas. Russian mobile operator Vimpelcom offered to buy Wind Telecom assets for $6.6 billion; Naguib is reportedly considering a revised offer. Failed earlier to sell his telecom assets to South African operator MTN Group.
Patrice Motsepe$3.3 B
Net Worth Calculated March 2011
Age: 49
Source: Mining, self-made
Residence: Johannesburg, South Africa
Country of citizenship: South Africa
Marital Status: Married
Children: 3
World’s Billionaires
#336 overall
#3 in South Africa
Johannesburg mining magnate is South Africa’s first black billionaire. Net worth up this year by $1 billion as a result of rising stock prices. Born in the sprawling black township of Soweto and then trained as a lawyer, became first black partner at Bowman Gilfillan law firm in Johannesburg, before starting a contracting business doing mine scut work. Bought low-producing gold mine shafts in 1994, turned them profitable using lean, mean management style. Since then built $1.5 billion (sales) mining conglomerate, African Rainbow Minerals (ARM), with interests in platinum, nickel, chrome, iron, manganese, coal and gold. Benefited from South Africa’s Black Economic Empowerment (BEE) laws, which mandate that companies be at least 26% black-owned in order to get a government mining license. Also holds a stake in Sanlam, a publicly traded financial services company outside Cape Town where he sits on the board.
Onsi Sawiris
$2.9 BNet Worth Calculated March 2011
Age: 81
Source: construction, self-made
Residence: Cairo, Egypt
Country of citizenship: Egypt
Marital Status: Married
Children: 3
World’s Billionaires
#393 overall
#3 in Egypt
Founding patriarch of Egypt’s most famous business dynasty. Onsi’s three sons Naguib, Samih and Nassef run separate Orascom telecom, hotels and construction divisions. Studied agriculture in college after father urged him to pursue farming. Found it boring, and instead opened a small contracting firm in Upper Egypt. Was forced to rebuild after Nasser nationalized company in 1960s.
Mohamed Mansour$2 B
Net Worth Calculated March 2011
Age: 63
Source: cotton trading, inherited and growing
Residence: Cairo, Egypt
Country of citizenship: Egypt
Education: MBA, Auburn University
Marital Status: Married
Children: 2
World’s Billionaires
#595 overall
#4 in Egypt
Mansour and his two brothers debut on the billionaires list, each with their own billion-dollar fortune despite revolution raging in their native Egypt. The Mansours are the biggest sellers of GM vehicles worldwide, and their Mansour Group has other interests including the largest supermarket chain in Egypt and the country’s second largest real estate developer. Sustained little damage during the Egypt uprising; any long term impact remains unclear. Mohammed was the country’s Minister of Transportation from 2005 until 2009; his sprawling estate in Cairo overlooks the pyramids.
Mike Adenuga$2 B
Net Worth Calculated March 2011
Age: 57
Source: banking, self-made
Residence: Lagos, Nigeria
Country of citizenship: Nigeria
Education: MBA, Pace University New York
Marital Status: Married
World’s Billionaires New to the list
#595 overall
#2 in Nigeria
Nicknamed “the Guru” in his native Nigeria, Adenuga debuts on our billionaires list after making waves with mobile technology. His telecoms carrier Globacom recently launched a 4G network, and he’s invested $1 billion on a submarine cable connecting Nigeria to the rest of the world. He made his first million at age 26 selling lace and distributing Coca-Cola, then won a contract to build military barracks in the late 1980s. He owns a stake in the Equitorial Trust Bank and chairs Niger Delta oil exploration firm Conoil. Adenuga is a soccer devotee and sponsors a number of tournaments.
Yasseen Mansour
$1.8 BNet Worth Calculated March 2011
Age: 49
Source: Diversified, inherited and growing
Residence: Cairo, Egypt
Country of citizenship: Egypt
Education: BA/BS, George Washington University
Marital Status: Married
Children: 4
World’s Billionaires New to the list
#692 overall
#5 in Egypt
New on the list. Youngest brother of Mohamed Mansour, 49-year-old Yasseen heads Palm Hills Developments, Egypt’s second largest real estate developer. Builds luxury housing and resorts. Impact of Egypt’s revolution still unclear. Cousin who was Mubarak’s housing minister before ouster in cabinet shake-up, is a shareholder in Palm Hills and other Mansour holdings. He now faces allegations of corruption. Youssef is graduate of George Washington University.
Youssef Mansour$1.8 B
Net Worth Calculated March 2011
Age: 65
Source: Diversified, inherited and growing
Residence: Cairo, Egypt
Country of citizenship: Egypt
Education: MBA, Auburn University; North Carolina State University
Marital Status: Married
Children: 5
World’s Billionaires New to the list
#692 overall
#6 in Egypt
New to the list. Older brother of Mohamed Mansour, Youssef, 65, was instrumental in building the largest supermarket chain in Egypt, Metro. Stores spared looting during uprising; loyal employees stood guard daily to defend from theft and stay open for business. Now situation unclear. Devotes time to family foundation, with mission to eradicate illiteracy and promote education. With wife, enjoys collecting Louis XIV furniture and Renaissance paintings.
Christoffel Wiese
$1.6 B
Net Worth Calculated March 2011
Age: 69
Source: consumer retail, self-made
Country of citizenship: South Africa
Education: BA/BS, University of Stellenbosch; LLB, University of Stellenbosch
Marital Status: Married
Children: 3
World’s Billionaires New to the list
#782 overall
#4 in South Africa
The South African makes the cut thanks to his stake in the continent’s biggest retailer, low-price supermarket chain Shoprite. Known as “Christo”, he also owns a stake in discount clothes, shoes and textiles chain Pepkor (slogan: “Making the desirable affordable.”) Restored a South African farm estate and remodeled it into a five-star hotel, Lanzerac Manor & Winery. Replanted the vineyards around it, created a modern cellar and has restarted brewing wine. Also owns wine producer Lourensford Estate and a private game reserve in the Kalahari.
Samih Sawiris$1.4 B
Net Worth Calculated March 2011
Age: 54
Source: hotels, inherited and growing
Residence: Cairo, Egypt
Country of citizenship: Egypt
Marital Status: Married
World’s Billionaires
#879 overall
#7 in Egypt
Middle son of Orascom founder and billionaire Onsi Sawiris. Samih runs real estate and hotel division which owns and operates hotels in eight countries, including Egypt, Jordan, Oman, UAE and Switzerland. Hotel properties in Egypt may take a hit, as tourists flee Egypt due to unrest. In 2010 partnered with French luxury goods company LVMH to develop two resorts in Oman and Egypt under Cheval Blanc brand. Also building luxury hotels and a golf course on a former Nazi supply route in Andermatt, Switzeland.
Mohamed Al Fayed & family$1.2 B
Net Worth Calculated March 2011
Age: 78
Source: Retail, self-made
Country of citizenship: Egypt
Marital Status: Married
Children: 5
World’s Billionaires New to the list
#993 overall
#8 in Egypt
Flamboyant Egyptian businessman, father of Dodi Al Fayed who died in a car crash along with Princess Diana in Paris in August 1997. A natural born salesman, began flogging homemade lemonade to his classmates during recess; said to have sold Pepsi in market stalls, worked as a sewing machine salesman. Became an associate of businessman and weapons dealer Adnan Khashoggi, whose sister he eventually married. Became a British resident in 1974. Acquired House of Fraser group in mid 1980s, including the venerable Harrod’s department store, which he revitalized and refurbished. Sold it to Qatar Holding for a reported $2.4 billion in May 2010; now honorary chairman. Owner of the Hôtel Ritz in Paris, the Fulham football club, and a castle in Scotland. Anglophile has yet to be granted British citizenship.
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