Forbes has released African billionaires for 2012 and there is no Ghanaian in there.
According to Forbes, this year a record 1,226 billionaires made it to their annual ranking of the World’s richest people.
African billionaires occupied a little over 1% of the positions on the list. Here are the Africans who made the cut:
Aliko Dangote, $11.2 Billion [Nigeria, Sugar, Cement, Flour]
Africa’s cement king has shed more than $2.6 billion from his net worth since last year as a consequence of Nigeria’s floundering stock market. But don’t feel sorry: Dangote still remains the richest man on the continent. He famously started trading commodities three decades ago with a business loan from an uncle, then went on to build the $15 billion (combined market capitalization) Dangote Group which now has interests in everything from sugar refineries, flour milling, salt processing and cement plants in Nigeria, Zambia, Senegal, Tanzania and South Africa.
Nicky Oppenheimer & Family, $6.8 Billion [South Africa, Diamonds]
Last November, Oppenheimer agreed to a historic sale of his family’s 40% stake in De Beers, the world’s largest producer of rough diamonds to Anglo American in a $5.1 billion deal. Oppenheimer has vowed to invest a substantial part of the money in Africa. So far, he has invested heavily in Tana Africa Capital, a $300 million private equity joint venture with Singapore state investor Temasek Holdings. The fund will invest primarily in the agricultural and consumer goods sectors across Africa. Passionate cricketer.
Nassef Sawiris, $5.1 Billion [Egypt, Construction]
Nassef Sawiris, the youngest son of Orascom conglomerate founder and fellow billionaire, Onsi Sawiris, heads Orascom Construction Industries, one of Egypt’s largest publicly-traded companies. Sawiris also owns substantial stakes in cement companies Lafarge and Texas Industries.
Johann Rupert & Family, $5.1 Billion [South Africa, Luxury Goods]
Luxury goods billionaire Rupert serves as chairman and chief executive officer of Richemont, a Swiss holding company that controls premium brands such as Vacheron Constantin, Cartier, Alfred Dunhill, Montblanc and Chloé. Also chairs South African investment holding companies, Remgro Ltd and Reinet Investments Manager. The automobile enthusiast established the Franschhoek Motor Museum which houses his personal collection of over 200 antique vehicles.
Mike Adenuga, $4.3 Billion [Nigeria, Telecom, Banking, Oil]
Reclusive tycoon was the first Nigerian to strike oil in commercial quantities through his firm, Conoil Producing. Today, the company is Nigeria’s largest indigenous oil exploration company producing some 100,000 barrels per day. Also owns Globacom, Nigeria’s second largest mobile telecom operator which boasts over 15 million active subscribers.
Naguib Sawiris, $3.1 billion [Egypt, Telecom]
The eldest son of Onsi Sawiris, Naguib built up Orascom Telecom to become the dominant mobile telecoms operator in the Maghreb region. In 2010, he sold off his family’s stake in the company to Russia’s VimpelCom for $6.5 billion. He subsequently made his foray into politics, founding the Free Egyptians party in April 2011 to promote free markets and a secular platform.
Christoffel Wiese, $3.1 billion
Mohamed Mansour, $1.7 billion [Egypt, Diversified]
Along with his two brothers, Mohammed Mansour runs the world’s largest GM dealership. Among other assets, the Mansour Group also owns the largest supermarket chain in Egypt, the country’s second largest real estate developer, Palm Hills and the Philip Morris franchise in Egypt.
Anas Sefrioui, $1.6 Billion [Morocco, Real Estate]
In 1998, the then 31 year-old Anas Sefrioui founded a small real estate development company which bought out small, dilapidated residential structures, renovated then flipped for profit. But he hit it big nearly a decade later when Morocco’s late King Hassan II awarded him an extremely lucrative contract to build 20,000 units of government subsidized houses for the masses. In 2005, he won another $1 billion state contract to build more housing units. His real estate company, Douja Promotion Groupe Addoha went public in 2006. He owns over 60% of the company’s preferred stock.
Yasseen Mansour, $1.6 Billion [Egypt, Diversified]
The youngest of Egypt’s three Mansour brothers, Yasseen is the chairman of Palm Hills, Egypt’s seconf-largest real estate developer, but the bulk of his fortune is tied up in the family business, the largest seller of GM vehicles in the world.
Youssef Mansour, $1.5 Billion [Egypt, Diversified]
The eldest of the Mansour brothers owns stakes in real estate developer Palm Hills, Egypt’s largest supermarket chain, Metro and Mansour Group which is the largest seller of GM vehicles on earth. Reclusive philanthropist now devotes his time and energies towards the family foundation which focuses on illiteracy and education.
Mohamed Al Fayed, $1.3 Billion [Egypt, Retailing]
In 2010, Al-Fayed sold his popular Harrod’s department store in London to Qatar Holding. Reported selling price: $2.4 billion. He believes the future lies in online retail. Last July, he acquired U.K.-based discount fashion website Cocosa. Other assets include the Hotel Ritz in Paris, the Fulham football club, and a castle in Scotland.