Net worth: $10.
Education: Al-Azhar University, Bachelor of Arts/Science
Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s greatest cement producer. He owns almost 85% of publicly-traded Dangote Cement via a retaining company. Dangote Cement produces 45.6 million metric heaps annually and has operations in 10 countries throughout Africa. Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies. Dangote Refinery has been below building for three years and is anticipated to be one of the world’s largest oil refineries as soon as complete.
Dangote’s grandfather was a successful trader of rice and oats in Kano, Nigeria’s second greatest city.
Dangote told Forbes that when he was once young, he offered sweets, gave them to others to sell, and he stored the profits.
2. Nassef Sawiris
Net worth: $8 billion
Origin of wealth: Construction, chemicals
Education: University of Chicago
Nassef Sawiris is a scion of Egypt’s wealthiest family. His brother Naguib is additionally a billionaire. Sawiris break up Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. He runs OCI, one of the world’s greatest nitrogen fertilizer producers, with plant life in Texas and Iowa; it trades on the Euronext Amsterdam exchange. Orascom Construction, an engineering and constructing firm, trades on the Cairo trade and Nasdaq Dubai. His holdings encompass stakes in cement massive Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas.
A University of Chicago graduate, he donated $24.1 million to the faculty in 2019 to aid Egyptian college students and fund an govt schooling program.
Nassef Sawiris teamed up with Fortress Investment Group’s Wes Edens to buy a majority stake in Aston Villa Football Club.
3. Mike Adenuga
Net worth: $7.7 billion
Origin of wealth: Telecom, oil
Education: Pace University, Master of Business
Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. His mobile cellphone network, Globacom, is the 0.33 greatest operator in Nigeria, with forty three million subscribers. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Adenuga bought an MBA at Pace University in New York, helping himself as a student by using working as a taxi driver. He made his first million at age 26 promoting lace and distributing gentle drinks.
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