The African Billionaires 2014
The comparative economic advantage of 29 African billionaires this year is a reflection of developmental investment and stock shares of African continents
These decade witnessed 29 Africans worth $1 billion dollars
Aliko Dangote, $25 billion
Nigerian, Cement, Flour, Sugar
Aliko Dangote is the richest man in Africa for the fourth year in a row. His Dangote Group is West Africa’s largest industrial conglomerate and has interests in cement production, flour milling, sugar refining and food and beverages. He is $9 billion richer than he was last year on account of the soaring value of the stock price of his publicly-listed Dangote Cement which is up 65% since last year. Dangote is aggressively expanding his Cement company across new markets in Africa, recently announcing plans to build new plants in Kenya and Niger. The company is now present in 15 African countries. Dangote also recently announced plans to construct a private oil refinery and is building a tomato paste factory in Nigeria.
Johann Rupert & Family, $7.6 billion
South African, Luxury Goods
South Africa’s richest man sits atop publicly-listed Swiss-based luxury goods outfit Compagnie Financiere Richemont, which owns brands including Cartier, Van Cleef & Arpels, Jaeger-LeCoultre and Montblanc. He also owns stakes in investment holding companies Remgro and Reinet. Other holdings include two of South Africa’s best-known vineyards, Rupert & Rothschild and L’Ormarins as well as the Franschhoek Motor Museum which houses his personal collection of over 200 antique vehicles.
Nicky Oppenheimer & Family, $6.7 billion
South African, Diamonds
In July 2012, Oppenheimer sold his family’s 40% stake in his family’s diamond business, De Beers to Anglo American for $5.1 billion in an all-cash deal that marked the end of the Oppenheimer family’s multi-decade control of the diamond company. The Oppenheimer family invests through Tana Africa Capital, a $300 million private equity joint venture with Singapore state investor Temasek. Nicky also owns an estimated 1.8% stake in Anglo American.
Nassef Sawiris, $6.7 billion
Egyptian, Construction
Nassef Sawiris is the CEO of Orascom Construction Industries (OCI), Egypt’s most valuable publicly-traded company. In January last year, he announced that OCI was exchanging all global depositary receipts of the company for newly issued shares of OCI NV on the NYSE Euronext in Amsterdam. Bill Gates was part of a consortium of U.S investors who provided $2 billion to help cover payments to shareholders who prefer to tender their OCI shares for cash.
The reclusive Nigerian billionaire is the founder of Globacom, Nigeria’s second largest mobile phone network which has about 24 million subscribers. He also owns Conoil Producing, an indigenous oil exploration company which holds the rights to some of Nigeria’s most lucrative oil fields. Notoriously private, Adenuga hardly grants Press interviews and travels around in with a retinue of bodyguards.
Isabel Dos Santos, $3.7 billion
Africa’s richest woman owns substantial stakes in a number of blue-chip Angolan and Portuguese companies such as Angolan mobile phone company Unitel , Angolan bank Banco BIC SA, Portuguese media giant ZON Optimus and Banco BPI. Isabel is the eldest daughter of Angola’s President Jose Eduardo dos Santos and is believed to hold many of these assets in trust for her father.
To be cont’
Researched boy ‘jide Adesina
