-Who Has The Highest Net Worth In Africa

According to most Africans, Nigerians are the most popular business tycoons. Aliko Dangote is known as Africa’s richest man with the highest net worth of approximately $12.1 billion.

From the projections made by Forbes, he has topped the chart for ten consecutive times as the wealthiest man in Africa.

The mogul is widely known for his remarkable success in the global market through his multinational industrial company, Dangote Group, and investments in other lucrative projects worldwide. Aliko Dangote has a fascinating history behind his wealth today. It has been of great inspiration to many individuals striving to the top in the world of business.

Recounting his early life, he revealed that he was business-minded even when Dangote was very young and in primary school because he used to sell candies at the time.

Despite his family’s wealthy background, he didn’t slack but manoeuvred his way through business, making it to the top of his hustle and ranked among the top 100 richest people in the world by Forbes. Bagging all the enviable academic degrees, he paid much attention to buying and selling agricultural goods in the communes of Nigeria in his early 20s.

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Gradually, his business started flourishing, extending his business operations from outside Nigeria and settling in the capital, Lagos. He ventured into food processing factories like rice, flour, pasta, salt, and sugar and his well-known Dangote cement factory in African countries, including Ghana, Benin, Togo, and Zambia aside from Nigeria.

He began importing rice and sugar in Brazil and Thailand. Today, his sugar factory is a major supplier to most brewing and confectionary companies in Africa and the world. His company also has flourished in oil and gas, transportation and freight, banking, real estate, textiles, cash crops such as cocoa, cashew nuts, sesame seeds, ginger, among several others internationally.

According to Forbes, the magnate and philanthropist albeit has invested in multiple businesses under his conglomerate, but his significant wealth is contingent on his Dangote cement and the sugar factory. Statistically, the cement factory produces more than 45 million metric tonnes of cement annually from 10 African countries. The largest in Africa and third worldwide, its sugar processing factory makes 800 thousand tonnes of sugar every year.

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He also has a considerable share in telecommunications networks in Nigeria. He contributes mainly to the construction industry of Nigeria by employing constructors to build 14,000 kilometres of fibre optic cables in Nigeria. His company is currently an employer of over eleven thousand employees in Africa.

He has also led several benevolent and philanthropist projects in Nigeria and other parts of the world. He has raised millions of United States dollars into projects like the National Mosque, Presidential Library, Health especially Ebola and Covid 19 pandemic and Sports.

He has gained international recognition on several corporate programs and initiatives. He is a board member of Corporate Council on Africa, United Nations, World Cocoa Forum’s International Business Council, 2016 US -Africa Business Centre co-chair, and a lot more.

He has also earned a lot of honours which include, the Grand Commander of the Order of the Niger (GCON) under ex-president Goodluck Jonathan’s Administration, Forbes 2014 Africa person of the year and most powerful man in Africa from 2013 to 2018, respectively, listed among “50 most influential people in the world” by Bloomberg Markets, just to mention a few.

Aliko Dangote is divorced, but he is a father to three biological daughters known as Maria Mohammed, Halima, and Fatima and his adopted son, Abdul Rahman Fasasi.

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Source; Nigeria News/Africa News/Aliko Dangote

Wisdom Exchange TV guest Sibongile Sambo from South Africa.

Sibongile-SamboMeet Sibongile Sambo  founder and CEO of SRS Aviation the first black female owned aviation company. SRS offers professional and personalized flight options to destinations all over the world. It includes VIP Charter, tourist charter, and helicopter services.

At a young age, Sambo had a desire to work with planes but the air requirement for an air hostess prevented her from doing so. However, her dream to work with planes became a reality with the passing of the Black Economic Empowerment Act in 2003. The passing of the act enabled people with disadvantaged backgrounds to partake in the economic world as entrepreneurs. After her receiving family loans and work experience, her very own airline company was born.

Now, according to Forbes, SRS is a great success and makes an annual revenue of several million dollars.

Great job!

CreditSibongile Sambo

 

Ashley-UysMeet South African Ashley Uys founder of Medical Diagnostech,  the young scientist and entrepreneur behind three companies that manufacture, market and distribute low-cost medical and drug abuse diagnostic test kits. Before the age of 30 he developed a malaria testing kit. Ashley’s company, Medical  Diagnostech develops and markets affordable and reliable medical test kits for malaria, pregnancy, syphilis, malaria, HIV/ Aids for South Africa’s rural poor.  The malaria testing kit, for example, not only gives an early diagnosis and the strain of malaria but also indicates how well the medication is working. It costs R4.

Ashley ‘s hard work is recognised worldwide: he won South African Breweries Innovation Award, he has listed as one of Forbes’s 30 Under 30: Africa’s Best Young Entrepreneurs in 2011,  Uys is a great believer in giving back to the community, supplying drug rehabilitation centres with cost-price drug testing kits. He continues to research and develop new products, among them a pre-diabetic test and one that reveals whether an individual has consumed alcohol up to four days before the test. His company  Medical Diagnostech won $120,000 in prize money at the SAB Foundation 2nd Annual Social Innovation Awards.

What an inspiration!

Credit: Ashley Uys

Rapelang Rabana.As founder of Yeigo, one of the world’s first VoIP applications, Rapelang Rabana was named one of Africa’s Best Young Entrepreneurs by Forbes and included in Oprah Magazine’s “O Power List”.

In her newest venture, she’s tackling two of eLearnings greatest challenges: measuring impact and improving the retention of knowledge. Rapelang talks with eLearning Africa about what’s wrong with on-the-job training, why eLearning execs should be focusing purely on mobile apps and how to create more African female entrepreneurs.

Rapelang believes in using mobile technology to re-imagine learning by creating interactive, personalized and adaptive learning platforms that produce data and transparently show levels of knowledge retention…..

Credit: Rapelang Rabana

dagonteAt age 57, Aliko Dangote is Africa’s richest man, and by quite some margin. Forbes estimates his net worth to be US$20.8bn. Dangote is known as a softly-spoken workaholic, with all the trappings of wealth, including the luxury yacht and the private plane. But it is not the size of his fortune that matters. More important is how he made it – not through resource extraction or milking state coffers, but by gambling repeatedly on the future of both Nigeria and Africa. The risk has paid off, spectacularly, making Dangote a living embodiment of the “Africa rising” narrative, and his company one of the key drivers of Africa’s economic development Read more here.

 

kimKim Kardashian has her finger on the pulse when it comes to all things social media.

And the star’s know-how looks set to really pay off as it’s been reported her video game iPhone app will be her most lucrative deal yet, earning more than all of her ventures from last year combined, according to a new report from TMZ.

Sources have told the website the 33-year-old will pocket around 45% of net profits from the game titled Kim Kardashian: Hollywood, which is expected to make $200 million, meaning the reality TV darling could walk away with around $85 million

According to Forbes, last year the television personality made $28 million so Kim will no doubt be very pleased with this enormous profit from one single venture. The reports claims creating the app hasn’t been too expensive either. 

Kim released the video game on June 25 ranking as high as second in the most-downloaded free apps category.

founder of Nigeria's first private online university, Gossy UkanwokeMeet Gossy Ukanwoke, at age 23, the young entrepreneur founded Beni American University (BAU), Nigeria’s first private online university. Launched in late 2012, the school allows students to access their classes at any time of the day with any internet-enabled device. “There was a need for a new institution to be created in Nigeria,” adds Ukanwoke, who was once described by Forbes as “Nigeria’s Mark Zuckerberg.” Now, some 18 months into his new business endeavor, Ukanwoke has hired 10 instructors and has about 200 students, with an average age of 26. But the startup’s journey so far has not been without challenges. Nigerian laws require universities to have a physical campus so last year Ukanwoke went and bought land in the country’s Benue State with the goal to build a private campus that could accommodate some 10,000 students The project is expected to launch next year. “I grew up within the framework where education was put at a very high level of importance, and entrepreneurship is something that I always wanted to do,” he says: Read more here. 

sangu1sanguSangu DelleSangu is a passionate Pan-Africanist who has travelled to about 30 countries was named Africa’s top 30 under 30 entrepreneurs by Forbes in 2014. While enrolled at Harvard,Sangu co-founded Cleanacwa (formerly the African Development Initiative), which embarked on a five-year project to bring sanitation and clean water to Agyementi, a village in Ghana. Today Cleanacwa is working in underdeveloped regions to make sure that water and sanitation, basic human rights, are provided. When he’s not working on wells in Suhum or meeting startups in Nairobi, Sangu works on his coursework. He is a current Soros Fellow pursuing a dual Juris Doctor of Law and MBA at Harvard Law School and Harvard Business School. Sangu’s main goal in life is to serve God.