Tag Archives: African billionaires

African billionaires: Latest News

  • 10 African Billionaires Who Can Thank Tech For Their Fortunes

    Egyptian Naguib Sawiris is a popular figure on Twitter. Photo: Ventures Africa By Peter Pedroncelli, 6:06 pm AFKI Original

    There are 25 African billionaires who can stake their claim among the estimated 2,043 dollar billionaires worldwide that make up the richest of the rich. A number of the African billionaires have earned some of their wealth thanks to tech and related industries, with the modern digital world contributing revenues that have helped them to grow their personal net worth to billionaire status.

  • 8 Facts About Algeria’s Sugar Refinery King, Issad Rebrab

    By Julia Austin, 1:08 pm AFKI Original

    He was the country’s first billionaire and he got there through one of the most beloved and craved substances in the world — sugar. Rebrab, 72, says his success is abnormal and not entirely welcome in Algeria—a country with deep socialist tendencies for whom independence is relatively new. “Entrepreneurs are accepted, but not encouraged,” Rebrab said. He wants the government to encourage the private sector so it will invest in large projects and create jobs.

  • 8 Things You Should Know About Refugee-Turned-Billionaire Ashish Thakkar

    By Julia Austin, 4:05 pm AFKI Original

    Thakkar credits his success to being a refugee. He wants to get into farming and plans to invest in large-scale maize farming—something he says is a “no-brainer.” He also believes that for startups to succeed they must empower the country in which they are investing. Looking locally for everything from labor to investors rather than off-shoring is important to him. “Claiming that there is a skills deficit is nothing more than an excuse,” he said.

  • The Biggest Winners: 5 African Billionaires Who Didn’t Lose Money In 2015

    5 African billionaires who didn't lose money in 2015 By Dana Sanchez, 4:54 pm

    Of Africa’s 21 billionaires, most saw their net worth go down in 2015. Only five got richer. Aliko Dangote was one of the notable losers. He lost $5 billion when the prices dropped on Dangote Cement shares, but he’s still Africa’s richest man. The No. 1 African billionaire winner on this list made his money from oil, one of many Africans who benefited from falling oil prices. These are the biggest winners: 5 African billionaires who didn’t lose money in 2015.

  • 12 Things You Didn’t Know About Christoffel Wiese

    Christoffel Wiese Photo: Sharief Jaffer, Netwerk24 80a61745d8144dafb2b9da688e251247 By Julia Austin, 2:00 am AFKI Original

    He may be the third-richest person in South Africa, and he just became a major player in the U.K.’s fashion scene, but Christoffel Wiese is surprisingly thrifty. He keeps some of his clothing for a long time. Wiese admitted that he holds onto some of his shirts for up to 15 years. He said he doesn’t feel the need to show off by wearing new clothes all the time. Here are 12 things you didn’t know about Christoffel Wiese.

  • Ups And Downs Of Luxury Businesses In Africa

    By Staff, 5:34 am

    There is an increase in African billionaires and millionaires who are driving luxury consumption for the luxury products and services such as private jets, champagne, timepieces and other items. This creates the need for more luxury goods and services in the continent. An individual has various options of managing a luxury brand; through a joint venture, franchise or owning the store.

  • 12 Things You Didn’t Know About Nassef Sawiris

    By Julia Austin, 1:06 pm AFKI Original

    Egypt’s richest man, Nassef Sawiris claims to be eco-conscious. His company, Orascom Construction Industries, aims to be a carbon-neutral entity that generates as much energy as it consumes. His company is also building shale gas plants in the U.S. to exploit the natural gas trapped in sedimentary rocks. Here are 12 things you didn’t know about Nassef Sawiris, net worth: $6.9 billion.

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