Alakija’s first company was a fashion label whose customers included the wife of former Nigerian president Ibrahim Babangida. He co-owns Ranch Adarouch, one of the biggest cattle breeders in Africa. Kylie is a member of the famous Kardashian-Jenner clan and is the youngest self-made billionaire ever, beating the record of Facebook CEO Mark Zuckerberg who was 23 years old when he became a billionaire. Dangote Refinery has been under construction for three years and is expected to be one of the world’s largest oil refineries once complete. In September 2018, Stripe announced a $245 million funding round that valued the business at $20.25 billion. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. He is a young man who obtained a degree in banking and finance from Regents University London. Kylie Jenner Youngest Billionaire In The World 2020. Sign up for free newsletters and get more CNBC delivered to your inbox. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. 1. Also, the Forbes provides daily net worth updates which reflects change by 5 PM ET of prior trading day. ... She was born on 26th October 2016 and is one of the youngest richest kids in Africa. Rupert says his biggest regret was not buying half of Gucci when he had the opportunity to do so for just $175 million. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Sawiris’ most valuable asset is a stake in shoemaker Adidas worth a recent $4 billion. October 6, 2020 by Vusi Khumalo. She was born in the year 1995 in Norway. The company has so far led the industrialization of fish farming in Norway, refining the product into much more sophisticated cuts with higher margins. African countries are generally considered poor among the world but the shocking fact is that no. John was born and grew up in the countryside near Limerick, Ireland, where his parents owned and ran a lakeside hotel. Altogether, the continent’s 20 billionaires are worth a combined $73.4 billion, up from $68.7 billion a year ago. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. He was born in Agbor, Delta State. She is the 1605th richest person in the world currently. He was already ranked 1st in Africa for motivational speaking at the age of 17. Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Africa’s youngest billionaire was kidnapped on Thursday morning by gunmen in Tanzania’s economic capital Dar es Salaam, officials said. Stripe’s big-name investors include the likes of Elon Musk and Peter Thiel. Top 20 Richest People in Africa 20. Currently, her net worth is put at $1.4 billion. The company is best known for the brands Cartier and Montblanc. His father founded the company in the year 1991. Humbled. Tag: Top 10 Youngest Billionaire In The World 2020-Biography And Current Net Worth. Africa’s “youngest billionaire” is actually worth less than $600,000. The much-heralded oil refinery that Dangote is building in Nigeria is still at least a year away from completion. Africa’s Billionaires: Forbes ranks Africa’s wealthiest business people. According to Forbes’ 2019 World Billionaires rankings, Tanzania’s Mohammed Dewji is the Youngest Billionaire in Africa. Jonathan Kwok, the younger son of the late Walter Kwok, makes this list in 9th place. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. American youngest billionaire Kylie Jenner; a model and businesswoman was at the top of the list charging $1.26 million per post. Black billionaires are individuals of African ancestry with a net worth of at least US$1 billion. There are scores of young people making waves across the country and beyond. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. She is the 2057th richest person in the world. In the last 15 years the no. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. His wife Salwa Idrissi runs her own company, which has franchises for Gap, Gucci and Ralph Lauren in Morocco. The Irish-born brothers co-founded Stripe in the year 2011 while studying at Harvard University although they hatched the idea while still in college at Boston. This write-up brings to you the top 10 richest kids in Africa 2020 whose fame and wealth is impressive. Folorunso Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. Her father made her head of Sonangol, Angola’s state oil firm, in June 2016, but Angola’s new president removed her from that role in November 2017. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. MeTL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. Rebrab is the son of militants who fought for Algeria’s independence from France. The Richest Africans is an annual ranking of the richest African people, compiled and published by the American business magazine Forbes. Following a feud with his two brothers, Thomas and Raymond, Walter was ousted as chairman of SHKP. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. Below is a list of young people who are the richest in South Africa: 1. Education: Oxford University Christ Church, Master of Arts/Science. Jonathan and his brother, Geoffrey, took over Empire Group Holdings, and also inherited Walter's direct stake in SHKP. TOP 15 RICHEST AMERICAN MEN IN THE WORLD 2020. Sawiris helped found The Free Egyptians, a liberal political party, at the onset of Egypt’s uprisings in 2011. Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Igho Sanmi is undoubtedly the youngest billionaire in Nigeria this 2020 with an estimated net worth of $1 billion. Anna Kasprzak is one of the youngest billionaires in the world today even though she couldn’t reach the top in her sporting career. Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa. His story, however, has not been without failure. He owns mobile phone network GloMobile as well as oil producer Conoil and extensive real estate holdings. He’s chairman of Palm Hills Developments, one of Egypt’s biggest real estate developers. You Know We Came Into 2020 Feeling Really Happy With Ourselves Then Came COVID And Cold Reality. of billionaires has doubled up whereas the economies of many African countries are going low. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. Hurun Research Institute has published its annual billionaire ranking for 2020, which includes six names from South Africa. A statement issued by Isabel dos Santos said the judgment contained “a number of untruths” and that she would fight the decision “by using all the instruments of Angolan and international law at my disposal.”. Being dubbed Africa’s youngest billionaire while still in his 20s by Forbes, has not gone to Mr Ashish Thakkar’s head. On the 20th of October 2018, Walter died leaving behind the company to his two sons. Cevital helped finance a biopic on Algerian resistance hero Larbi Ben M’hidi, who was executed by the French in 1957. In the article, we bring to you Richest Men in Africa 2020. According to this list, the world's youngest billionaire is Kylie Jennes. Forbes research found that while Isabel’s father was president, she ended up with stakes in Angolan companies including banks and a telecom firm. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. Dewji retired from Tanzania’s parliament in early 2015 after completing two terms. Oppenheimer is a sports fan and plays squash, golf and cricket. 10 of the Richest People in South AfricaHello Displorers, welcome and thanks for watching. According to the 2019 Forbes 2019 ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $10.9 billion and was the world's richest black person. Share. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. Nigeria’s magnate Aliko Dangote still maintains the top spot for the ninth year in a row. American business magazine Forbes has finally published a list of top 20 richest people in Africa as of 2020, and surprisingly, no Kenyan billionaire features on the list. Christoeffel Wiese Net Worth: $1.1 Billion (Forbes) Industry: Retailing, Self Made. In November 2018, Kylie Jenner launched a distribution deal with beauty retailer Ulta and sold an estimated $55 million of product in just six weeks. Furthermore, Kylie Jenner, founder of Kylie Cosmetics, is the youngest billionaire in the world 2020 with a net worth of $1.1 billion. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. Nassef Sawiris teamed up with Fortress Investment Group’s Wes Edens to purchase a majority stake in Aston Villa Football Club. He holds a 10% share in Germany medical instruments maker B. Braun Melsungen. His father was a shareholder in RMA Watanya, a Moroccan insurance company; Benjelloun built it into a leading insurer. Ferd runs hedge funds and is an active investor on the Nordic stock exchange. The list — finalized on March 18 — features 2,095 billionaires. The world’s 10 youngest billionaires include four women and six men, and they come industries such as finance, technology, food production, and medical supplies. His net worth is put currently at $2.1 billion according to Forbes. Her current net worth is put at $1.4 billion. Also Read: Top 10 Richest Countries in Africa 1. The company has since grown with annual sales now around $8 billion. Java who has been uplifting musicians across all genres in Zimbabwe has been also recognized in Bahamas. This young man will make you embrace online trading South Africa platforms as you seek to learn from the best. The company started in 1839 as a small pharmacy that sold herbal remedies. He set up his own business in 1988 importing iron, steel and chemicals. The second youngest billionaire in the world is Norwegian Alexandra Andresen. 2020-09-04T15:29:00Z The letter F. An envelope. Today, the company operates on a global scale with 60,000 employees. Africa’s Top 10 Billionaires – Richest People in Africa 2020. image source . Please enter your username or email address to reset your password. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. 0 Shares. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies. Rounding up the top 3 on this list of Youngest Billionaires In The World 2020 is Katharina Andresen. At 21, celebrity-turned-makeup mogul Kylie Jenner is the Youngest Billionaire In The World In 2020. Reuters/Jonathan Ernst . Top 10 Youngest Billionaire In The World 2020- Currently, there are over 2,000 billionaires according to Forbes magazine. Many of these enterprising individuals have gone on to found multi-million dollar companies and in this post, we will be looking at 10 of these young men. By. 1. Top 10 Richest Kids In Africa 2020. Education: Swiss Federal Polytechnical Institute, Master of Science; Swiss Federal Polytechnical Institute, Bachelor of Arts/Science. WHO IS THE CURRENT RICHEST PERSON IN THE WORLD? Kylie was just ten years old when her family’s reality TV show, Keeping up with the Kardashians, premiered. Today, Snapchat has grown and currently has about 200 million active users. He owns nearly 85% of publicly-traded Dangote Cement through a holding company. This post contains a list of the richest African pastors for 2020. He’s chairman of Orascom TMT Investments, which has stakes in a major asset manager in Egypt and an Italian internet company, among others. As 2020 ushers in a new decade and a new set of daunting challenges for the world – climate change, the coronavirus – it’s all the more imperative that the world’s youngest continent rises to the crises and sees opportunities where there seem to … 25-year-old Gustav Magnar Witzoe is 4th on this list. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for L’Oreal in Egypt. Issad Rebrab is the founder and CEO of Cevital, Algeria’s biggest privately-held company. Altogether, the continent’s 20 billionaires are worth a combined $73.4 billion, up from $68.7 billion a year ago. Mansour Group is the sole franchisee of McDonald’s in Egypt, as well as the distributor of Gauloises cigarettes. The richest kids in South Africa are enough evidence of the fact that the tide has changed with these new sets of SA’s youngest millionaires. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land. Education: Al-Azhar University, Bachelor of Arts/Science. Forbes found one billionaire each from Algeria, Angola, Tanzania and Zimbabwe. by Chris Bishop. Alexandra Andresen One Of The Youngest billionaire In the World 2020. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. He is the co-founder of online payments service provider Stripe with his younger brother John Collison. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade. DJ Coach claims that he has lost a million in the forex trading industry. Just by the look of it, he appears to have made it, thanks to Fx. Kylie Jenner tops our list of the youngest billionaire in the world after her breakthrough in 2019, find out the other young billionaires … Some list members grow richer or poorer within weeks—or days—of our measurement date. His late father Walter was the former chairman of Hong Kong's largest developer, Sun Hung Kai Properties. She became the world’s youngest billionaire at age 19 in 2016 and held the position of youngest billionaire on Forbes list for three consecutive years. She became the world’s youngest billionaire at age 19 in 2016 and held the position of youngest billionaire on Forbes list for three consecutive years. Youngest billionaires in Nigeria. 1. A vehicle that belongs to Mohammed Dewji, a Tanzanian business tycoon who is said to be Africa's youngest billionaire, parked at Colosseum Hotel and Fitness Club in … That’s the same as last year but a better representation than nine years ago, when only four African nations were home to ten-figure fortunes. In late December, an Angola court issued an order to freeze the assets that Isabel dos Santos and her husband, Sindika Dokolo, own in Angola. Friends, I am Adegboye a passionate writer, website developer, and internet addict, I love updating minds with informative updates. Akhannouch is Morocco’s Minister of Agriculture and Fisheries and the president of a royalist political party. Jonathan Kwok Age: 30 Net Worth: $2.3 Billion. Evan Spiegel Worth: $3.6B Age:29 Source: Snapchat […] He also owns a significant stake in fertilizer producer OCI N.V. Benjelloun and his wife received the David Rockefeller Bridging Leadership Award for building schools in rural Morocco in 2016. Like elsewhere in the world, fortunes in Africa can be volatile, thanks to changes like a new currency. Country rankings are unchanged from a year ago: Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two. Kylie Jenner was born on the 10th of August, 1997, in Los Angeles, California to Kris Jenner and former Olympic gold medalist Bruce Jenner who is now known as Caitlyn Jenner. B. Braun now manufactures several medical products ranging from infusion and injection solutions to surgical instruments. He is the richest of the youngsters on this list boasting an impressive net worth of $3 billion. To learn more about the youngest billionaires in America, Stacker compiled net worth data from Forbes' Real-Time Billionaires List as of Aug. 28, 2020. “You will not find any of the obvious trappings of wealth like flashy cars or a big entourage with him and he takes the time to speak to anyone who approaches him at a function,” adds Hyde. It is not surprising that the popularity of Forex in South Africa and the continent at large has pushed universities to … She made her television debut on the show in the year 2007. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights with its fleet of three planes and two helicopters. TK - April 28, 2020. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. At 28 years old Evan Spiegel is joint 5th on this list and rounds up the top 5 Youngest Billionaires In The World list. “Dangote is someone who is extremely focused and driven with a bullish passion for Africa. Dewji, Tanzania’s only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. by Chris Bishop . He is the 1116th richest person in the world today. Both Alexandra and her sister inherited a 42.2% stake in Norwegian investment firm Ferd from their father, Johan. He is ranked 1116th on the list of richest people in the world in 2020. Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits. Fellow South African Jannie Mouton’s PSG Group owns a 30% stake in Capitec Bank. Nassef Sawiris is a scion of Egypt’s wealthiest family. It’s easy to understand why it takes a lot of experience and hard work to reach that level. In this article, we take a look at the Youngest Billionaires in The World 2020. The Youngest Billionaire In Africa On Kidnap, Confidence And How To Make Millions. While Spiegel was at Stanford studying, he met Bobby Murphy and the two men built Snapchat from scratch. by Chris Bishop. ... Ahmed Starboy, among the richest kids in Africa, a young singer and rapper from Nigeria. (Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his expansive telecom holdings in Africa; Isabel dos Santos, a citizen of Angola, has been living in Europe but retains assets in Angola—although they were recently frozen by a court in Angola.) ECCO was initially founded by her late grandfather, Karl Toosbuy in the year 1963. Hey! Family holding La Mancha has stakes in Evolution Mining, Endeavour Mining and Golden Star Resources, which operate gold mines in Africa and Australia. By Lily Kuo. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. She along with her brother André and mother Hanni, owns Danish shoe manufacturer, ECCO. Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. By “dollar billionaires’’, it is understood that a person’s wealth must have reached the milestone of US$1 billion before he/she may be called a global billionaire. Dangote’s grandfather was a successful trader of rice and oats in Kano, Nigeria’s second largest city. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. He then started Empire Group Holdings, a property development company. Everything is possible in his mind. Christianity is one of such religions which is largely practised in Africa as a continent. Numbers as of March 24, 2020. His brother Nassef is also a billionaire. He served as Egypt’s Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. He owns a magnificent 75% stake in the METL Group which is one of the largest industrial conglomerates in the country. He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. To value privately held businesses, we couple estimates of revenues or profits with prevailing price-to-sales or price-to-earnings ratios for similar public companies. Billionaire Tomorrow – I Want To Be The Gas King Of Ghana. Topping the list for this year is Kylie Jenner, a 21-year-old self-made billionaire from the United States of America. He is one of the youngest pastors in Africa with a jaw-dropping networth. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. Spiegel is the co-founder and also CEO of Snap Inc, the company behind popular social media platform, Snapchat. They are also named beneficiaries of one-third of five large family trusts held by their grandmother. Meet The 50 Doctors, Scientists And Healthcare Entrepreneurs Who Became Pandemic Billionaires In 2020… Together, this precocious bunch is worth $15.9 billion. He left ZPTC to start an engineering services firm, then sold it and founded Econet Wireless Zimbabwe, but had to battle the government in court for years. Many of these individuals have gone on to found multi-million dollar companies. Education: Auburn University, Master of Business Administration. Bekker is revered for transforming South African newspaper publisher Naspers into an ecommerce investor and cable TV powerhouse. Generating a net worth of 10.3 billion dollars, Aliko Dangote, the Nigerian Billionaire is the richest man in Africa . It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for three years. The company’s products are sold in 90 counties all over the world from more than 2,200 ECCO shops and online. T6. A spokesperson for Isabel told Forbes that she “is an independent business woman and a private investor representing solely her own interests.” In December 2019, an Angolan court issued an order freezing her stakes in Angolan companies, part of a suit about funds she owes to the state oil firm. His approach to business is testament to this fact.”. Dewji, who is known as Mo (short for Mohammed), launched Mo Cola several years ago to compete with Coca Cola. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. At the FORBES AFRICA Under 30 Meet-up, Africa’s youngest billionaire and President of MeTL Group, Mohammed Dewji gave a talk and then opened the floor to penetrating questions from the young entrepreneurs in the audience. Santos’ mother, Tatiana Kukanova, met her father while he was a student in Azerbaijan. Despite the global markets falling in response to the COVID-19 pandemic, three people under 30 made the list for the first time this year: Pedro de Godoy Bueno, Lisa Draexlmaier and Elizabeth Furtwaenger. Gustav Magnar Witzoe’s stake in SalMar ASA came from his father as a gift in the year 2013. Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. The 29-year-old boasts a net worth of $1.1 billion and is ranked 2057th in 2020 Forbes billionaire’s list. At 21, celebrity-turned-makeup mogul Kylie Jenner is the Youngest Billionaire In The World In 2020. Education: Auburn University, Master of Business Administration; North Carolina State University, Bachelor of Science in Engineering. Nassef Sawiris of Egypt is the new number two richest, worth $8 billion—up from $6.3 billion last year. In 1994, he bought low-producing gold mine shafts and later turned them profitable. The band has a cumulative net worth of $3.5 million. Our list tracks the wealth of African billionaires who reside in Africa or have their primary businesses there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen, and billionaire London resident Mohamed Al-Fayed, an Egyptian citizen. Christoeffel Wiese was South Africa’s third richest man and the 5th richest man in Africa as of April 2015 with a net worth of $5.9 billion. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. 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