Najib Mikati, a https://www.asiatechreview.com/p/south-koreas-crypto-comeback-leaves former prime minister of Lebanon, and his brother Taha Mikati own a combined 6.74-percent stake in MTN Group, Africa’s largest mobile telecoms company. Mansour, who served as Egypt’s transportation minister from 2006 to 2009, has led the group’s expansion into other sectors, including retail and private equity. His family’s wealth is shared with his two brothers, Yasseen and Youssef, who are also billionaires. In addition to his dominance in the cement industry, Dangote has diversified his investments into other sectors.
South Africa
He has also been involved in a number of other successful business ventures over the years, including financial services, real estate, and sports. Motsepe is known for his philanthropic activities, and has donated large sums of money to various causes over the years, particularly in the areas of education and health. Sinayo Securities has also identified opportunities offshore that will allow it to participate in international equities trading platforms, with access to global equities research. This will facilitate international equity trade execution for both domestic and offshore clients. Brainworks was established in 2011 and holds investments including controlling stakes in 2 listed hospitality companies, African Sun and Dawn Properties, which are listed on the Zimbabwe Stock Exchange. It also has investments in GetBucks, GetCash, GetSure, MyBucks, Skyclear and FML Logistics and says approximately 38% of revenue is generated in hard currency.
The Billion Dollar Man – Patrice Motsepe of South Africa
Zahan now sits on the board of the Mumbai construction giant Shapoorji Pallonji Group, which his uncle, Shapoor Mistry chairs. While he lives in India, he makes our list courtesy of his Irish citizenship https://cointelegraph.com/news/louisiana-accepts-first-crypto-payment-bitcoin-lightning and boasts a fortune in the region of $5.1 billion (£3.8bn). Widely dubbed the world’s youngest self-made billionaire, Alexandr Wang was born in Los Alamos, New Mexico, and is worth $2 billion (£1.5bn) at just 27 years old. The company has been going from strength to strength, and Sagami achieved billionaire status in 2023.
ARCH Emerging Markets Partners Limited
- With a $3.1 billion (£2.3bn) fortune, Nikhil, 38, is the youngest billionaire in India.
- According to Enko Capital “Ecobank Cote d’Ivoire was created in 1989 following the acquisition of Chase Manhattan Bank.
- ARC is a majority black-owned investment holding company which seeks to utilize its empowerment credentials, strong balance sheet and the track record of its leadership and brand to invest in financial services distribution businesses.
- M&A uses AI to assist small and medium-sized businesses that are actively seeking acquisition, matching them with a buyer.
- Specialising in South African listed company’s equity sales and trading, the firm provides top quality services to institutional investors.
Bridgette’s brother Patrice Motsepe owns African Rainbow Minerals and is the country’s wealthiest black businessman (AC Vol 44 No 23 BEE is for business)… The firm’s clients are its top priority – for this reason, it is continually expanding its scope and capacity of existing activities. The Sinayo Securities/ARC deal has further bolstered its capital base allowing it to be more competitive and to trade larger transitions and equity baskets. The firm also plans to expand its product offering – it has a number of exciting ideas in the pipeline, including a https://www.cnbc.com/2024/09/18/will-the-us-elections-impact-crypto-markets-insiders-weigh-in.html private client and derivatives offering. Driven by the desire to see black women rising up, proving themselves and making a significant footprint in the sector, Sinayo was born out of the notion of addressing the lack of black women leadership in the stockbroking industry. Sinayo Securities began this process by being the only member of the JSE with a 100% black female shareholding and a Level 1 BEE rating.
Africa’s Resurgence in 2024: Strengthening Partnerships
South Africa-based Kropz will use most of the funds to advance its Elandsfontein mine to production by the end of 2019. Phosphate is a key ingredient in fertiliser and is expected to be in high demand around the world as farmers look to boost productivity and feed more mouths. Nemer says the JSE is equally proud to help ARC Investments facilitate its goal of providing investment exposure for the public to B-BBEE assets, which are often only held privately.
In addition to his mining operations, Motsepe has invested in African Rainbow Capital, a https://africa-gold-capital.org/ private equity firm that focuses on expanding business opportunities across the African continent. Rabiu’s fortune has grown significantly over the years, thanks to his control over critical segments of Nigeria’s infrastructure and food supply. With major investments in construction and agriculture, Rabiu remains a key player in the country’s economic development. Additionally, he owns vast conservation lands across South Africa, Botswana, Zimbabwe, and Mozambique, cementing his role in the region’s ecological preservation. Topping the list for yet another year, Aliko Dangote remains Africa’s richest individual.
The drinks firm is a marketing powerhouse, selling 12.1 billion cans worldwide in 2023. Red Bull also owns or sponsors a number of football clubs worldwide, not to mention its successful Formula 1 team. As Japan’s population ages, https://africa-gold-capital.org/ many businesses with ageing owners and no successors have been forced to close. M&A uses AI to assist small and medium-sized businesses that are actively seeking acquisition, matching them with a buyer. It quickly disrupted the market with its unique fee structure, charging clients on the successful completion of a deal rather than upfront. Japan’s youngest billionaire is the self-made Shunsaku Sagami, the founder and CEO of M&A Research Institute, a Tokyo-based mergers and acquisitions advisory firm launched in 2018.