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africas rich list ranked FOrbes

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africas rich list ranked FOrbes

Post by hacker739 on Wed Nov 24, 2010 8:46 pm

Nassef Sawiris - World Ranking: 127


Net Worth: $5.9 bil
Fortune: Inherited and Growing
Source: construction
Age: 48
Country Of Citizenship: Egypt
Residence: Cairo
Education: U of Chicago, Bachelor of Arts / Science
Marital Status: NA

Youngest son of Orascom conglomerate founder and fellow billionaire, Onsi Sawiris. Took over leadership of empire's flagship construction and fertilizer division in 1998. Shares in Orascom Construction Industries have doubled over the past year as projects have picked up. In January announced joint venture with investment bank, Morgan Stanley, to invest in infrastructure assets in the Middle East and Africa. Spun off group's cement division 3 years ago to French giant LaFarge, landing Nassef a seat on the board and a 13% stake. Joined his 15% interest in Texas Industries with the late Roy Disney's Shamrock holding in voting for slate of new directors at the company last fall.
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Re: africas rich list ranked FOrbes

Post by hacker739 on Wed Nov 24, 2010 8:50 pm

Aliko Dangote - World Ranking: 463



Net Worth: $2.1 bil
Fortune: Inherited and Growing
Source: sugar, flour, cement
Age: 52
Country Of Citizenship: Nigeria
Residence: Lagos
Education: NA
Marital Status: Married, 2 children

Commodities keeping Dangote afloat despite Nigeria's financial meltdown. Stocks of his sugar and flour companies are both up in the past year. Meanwhile, stake in Benue Cement has doubled, helped by demand from China. Dangote now expanding cement operations in Senegal and Zambia. Overcame negative reports about debts owned to banks and share price fixing allegations to become the newly installed President of the Nigerian Stock Exchange last August. Settled row with businessman Femi Otedola, who fell off the billionaires list this year. Dangote began career as trader; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, and oil and gas.
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Post by hacker739 on Wed Nov 24, 2010 8:54 pm

Patrice Motsepe - World Ranking: 421


Net Worth: $2.3 bil
Fortune: Self Made
Source: mining
Age: 48
Country Of Citizenship: South Africa
Residence: Johannesburg
Education: NA
Marital Status: Married, 3 children

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 and South African Rand's strength against the dollar. 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 $1.3 billion (sales) mining conglomerate, African Rainbow Minerals (ARM), with interests in a wide swath of minerals: 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 6.2% stake in Sanlam, a publicly traded financial services company outside Cape Town where he sits on the board. Invited to chair the board of Sanlam in December, but turned down the post.
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Re: africas rich list ranked FOrbes

Post by hacker739 on Wed Nov 24, 2010 8:59 pm

Nicky Oppenheimer & family - World Ranking: 154


Net Worth: $5.0 bil
Fortune: Inherited
Source: De Beers
Age: 64
Country Of Citizenship: South Africa
Residence: Johannesburg
Education: Oxford U Christ Church, Bachelor of Arts / Science; Oxford U Christ Church, Master of Arts
Marital Status: Married, 1 child

Diamonds in the rough: sales of De Beers, the world's largest diamond producer, which he runs, dropped 44% to $3.8 billion; group posted a net loss of $220 million. Cutting costs allowed it to remain cash positive. Along with De Beers' other two investors, he and his family who own 40% of the group were asked to invest another $1 billion to help the company recapitalize and keep the ownership structure in tact. His family's portion: $400 million. Consumer demand starting to recover, led by China and India. Still owns a stake in mining giant Anglo American, founded in 1917 by grandfather Ernest. Passionate conservationist, owns Tswalu Kalahari Reserve, largest private
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Re: africas rich list ranked FOrbes

Post by hacker739 on Wed Nov 24, 2010 9:07 pm

Onsi Sawiris - World Ranking: 307


Net Worth: $3.1 bil
Fortune: Self Made
Source: construction
Age: 80
Country Of Citizenship: Egypt
Residence: Cairo
Education: NA
Marital Status: Married, 3 children

Founding patriarch of Egypt's most famous business dynasty; remains chairman. Shares in primary holding, Orascom Construction Industries, have doubled over the past year as projects have picked up. In January announced joint venture with investment bank, Morgan Stanley, to invest in infrastructure assets in the Middle East and Africa. His 3 sons run construction, telecommunications and tourism divisions. Studied agriculture in college after lawyer father urged him to pursue farming. Found it boring, instead opened a small contracting firm in Upper Egypt. Construction baron forced to rebuild empire after it was nationalized in 1960s.
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Re: africas rich list ranked FOrbes

Post by sol_drethedon on Mon Jun 04, 2012 1:46 am

WHERE IS KUTEESA, KAGUTA, MUKULA, MUHWEZI, MBABAZI, DRAKE LUBEGA, SUDIR, MABIRIZI... OUR GUYS! OH I UNDERSTAND! FORBES DOESNT RANK YOU IF YOUR MONEY WAS AQUIRED THROUGH FRAUDULENT MEANS; JUNK HELLI COPTERS, GHOST SOLDIERS, GAVI FUNDS, OIL CIRCUS, CHOGM. BUT AM SURE EVEN WITH ALL THIS STOLEN MONEY THESE GUYS WOULD RANK IN THE 800'S. NO PUN INTENDED.
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