THE YCEO: These Are The Top 5 African Billionaires Creating Jobs Across Africa - THE YCEO

Header Ads


THE YCEO: These Are The Top 5 African Billionaires Creating Jobs Across Africa

There are 24 very rich people *billionaires) in Africa as of March 2016. Some ride in the most-costly autos and private planes, live in manors, and send their kids to the best schools on the planet. Some were born with silver spoons in their mouths while others achieved their status through diligent work and remarkable creativity and diligence.

And while their stories are worth reading and giving attention to, this alone is not enough. There are several life lessons we could all learn from these super-rich Africans.

Interestingly enough, most of these billionaires make their money in Africa and some are even giving back by creating opportunities for fellow Africans. It was Albert Einstein who once said, “Only a life lived for others is a life worthwhile.”

And while there are some worthy contenders to the following list, including Mike Adenuga of Nigeria and the Mansour family in Egypt; here is the highlights the top 5 African billionaires who are creating jobs around the clock for Africans with unmatchable passion and doing well in business all over the world.

5. Mohammed Dewji

   Mohammed Dewji is undoubtedly the youngest billionaire in Africa with a fortune estimated at $1.25 billion. He is the CEO of Mohammed Enterprises Tanzania Limited Group (METL), a Tanzanian conglomerate with interests in transportation, agriculture, manufacturing, and more. Dewji, a graduate of International Business and Finance at George Washington University in Washington, D.C., owns about 75 percent of the group, making him one of the most-successful young men in Africa today. He is a successful businessman, parliamentarian, and philanthropist. According to Africa-Me.com, his group contributes about 2 percent to Tanzania’s gross domestic product (GDP) and employs more than 24,000 people with several indirect employments.

Mohammed Dewji is undoubtedly the youngest billionaire in Africa with a fortune estimated at $1.25 billion. He is the CEO of Mohammed Enterprises Tanzania Limited Group (METL), a Tanzanian conglomerate with interests in transportation, agriculture, manufacturing, and more. Dewji, a graduate of International Business and Finance at George Washington University in Washington, D.C., owns about 75 percent of the group, making him one of the most-successful young men in Africa today. He is a successful businessman, parliamentarian, and philanthropist. According to Africa-Me.com, his group contributes about 2 percent to Tanzania’s gross domestic product (GDP) and employs more than 24,000 people with several indirect employments.

4. Issad Rebrab



Issad Rehab, worth $3.5 billion, is an Algerian national who founded Algeria’s largest privately held conglomerate, Cevital. Rehab owns a sugar refinery and has diversified interests in electronics, steel, vegetable oil, and margarine. His group employs about 12,000 employees and was the first person in Algeria to become a billionaire. Rehab is happily married with five children — all of whom contribute to the success of his business.

3. Naguib Onsi Sawiris

Naguib Onsi Sawiris is an Egyptian billionaire and chairman of Orascom Telecom Holding. With a personal wealth of $3.1 billion, he is one of the richest men in the world. In Egypt, he is only topped by his father, Onsi. Orascom is the largest private employer in Egypt and the largest Egyptian company by market capitalization. Since joining Orascom, Sawiris has expanded the family business with ventures in railways, information technology, and telecommunications. Sawiris is a recipient of numerous national and international awards, including the “Legion d “Honneur,” the highest award given by the French Republic for outstanding services rendered to France. He is married with four children and lives in Cairo.

2. Christo Wiese

Shoprite, Africa’s most storied retail chain that employs thousands of Africans, is ubiquitous throughout Africa, and one man has made that possible: Christo Wiese. A graduate of law from the University of Stellenbosch, Wiese is the largest individual shareholder and chairman of retail giants Pepkor, Shoprite, and Tradehold and a highly successful entrepreneur with a net worth of $3.1 billion. The group has some 2,800 stores and employs 160,000 people across the whole group. Amazing, isn’t it?

 1. Aliko Dangote

For some years now, Aliko Dangote is uncontested as the richest man in Africa. The founder of Dangote Group, one of the most diversified business conglomerates in Africa with a presence in 16 African countries, Dangote is African through and through. A graduate of Business from the Al-Azahar University, Cairo, Egypt, Dangote’s interests spans manufacturing, sugar, cement, and rice. In addition, he is currently building the largest refinery, petrochemical, and fertilizer complex in Africa.

As put rightly on the Dangote Group website, “Dangote Sugar Refinery is the largest sugar refinery in Africa.” Dangote was listed by Forbes Magazine in October 2013 as the “Most Powerful Man in Africa” and the “23rd Richest Man in the World” as well as the “Richest Black Man in the World” with a fortune of more than $25 billion.

Dangote is also a philanthropist helping to fight polio in Nigeria, providing succor to flood victims, and helping several small entrepreneurs. He has thousands of people employed in his businesses and some are saying that after the federal government of Nigeria, he has the largest number of employees in the nation.

No comments

Powered by Blogger.