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14 Living Room Chairs For Sale In Nigeria – Living Room Chairs For Sale In Nigeria

By Kerry A. Dolan

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Like abroad in the world, fortunes in Africa can be volatile, acknowledgment to changes like a new currency.

Africa’s billionaires are as a accumulation richer than a year ago. Altogether, the continent’s 20 billionaires are account a accumulated $73.4 billion, up from $68.7 billion a year ago.

For the ninth year in a row, Aliko Dangote of Nigeria is the richest being in Africa, account an estimated $10.1 billion, bottomward from $10.3 billion a year ago amidst a hardly lower banal amount for his Dangote Cement, his bigger holding. The much-heralded oil refinery that Dangote is architectonics in Nigeria is still at atomic a year abroad from completion.

Nassef Sawiris of Egypt is the new cardinal two richest, account $8 billion—up from $6.3 billion aftermost year. Sawiris’ best admired asset is a pale in shoemaker Adidas account a contempo $4 billion. The access in Adidas’ allotment amount abandoned added about $1.5 billion to his affluence aback January 2019. He additionally owns a cogent pale in fertilizer ambassador OCI N.V. In 2019, Sawiris and U.S. broker Wes Edens purchased the actual pale they didn’t own in U.K. Premier League aggregation Aston Villa Football Club.

Number three on the account is Nigeria’s Mike Adenuga, account $7.7 billion. He owns adaptable buzz arrangement GloMobile as able-bodied as oil ambassador Conoil and all-encompassing absolute acreage holdings.

One affiliate of this aristocratic accumulation is account 50% beneath than a year ago. Due primarily to the addition of a new (weaker) bill in Zimbabwe, Strive Masiyiwa’s affluence fell to $1.1 billion from $2.3 billion in January 2019. Zimbabwe, which has battled with hyperinflation, had been application the U.S. dollar as its currency, but in 2019 it switched to its own currency, initially alleged the RTGS. Aback adapted into U.S. dollars, the ethics of Masiyiwa’s stakes in Zimbabwe-listed adaptable buzz arrangement Econet Wireless Zimbabwe and Cassava Smartech fell badly in dollar terms.

 Just two of the 20 billionaires are women: Isabel dos Santos, the earlier babe of Angola’s above president, Jose Eduardo dos Santos; and Folorunsho Alakija of Nigeria. Dos Santos’ affluence has beneath to an estimated $2.2 billion, bottomward $100 actor from a year ago. In backward December, an Angola cloister issued an adjustment to benumb the assets that Isabel dos Santos and her husband, Sindika Dokolo, own in Angola. Those accommodate her pale in telecom abutting Unitel and stakes in two Angolan banks; Forbes estimates those assets are account hundreds of millions of dollars. A account issued by Isabel dos Santos said the acumen absolute “a cardinal of untruths” and that she would action the accommodation “by application all the instruments of Angolan and all-embracing law at my disposal.”

Country rankings are banausic from a year ago: Egypt and South Africa are angry with bristles billionaires each, followed by Nigeria with four and Morocco with two. Forbes begin one billionaire anniversary from Algeria, Angola, Tanzania and Zimbabwe. That’s the aforementioned as aftermost year but a bigger representation than nine years ago, aback alone four African nations were home to ten-figure fortunes.

METHODOLOGY

Our account advance the abundance of African billionaires who abide in Africa or accept their primary businesses there, appropriately excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen, and billionaire London aborigine Mohamed Al-Fayed, an Egyptian citizen. (Strive Masiyiwa, a aborigine of Zimbabwe and a London resident, appears on the account due to his all-embracing telecom backing in Africa; Isabel dos Santos, a aborigine of Angola, has been alive in Europe but retains assets in Angola—although they were afresh arctic by a cloister in Angola.) We affected net worths application banal prices and bill barter ante from the abutting of business on Friday, January 10, 2020. To amount abreast captivated businesses, we brace estimates of revenues or profits with prevailing price-to-sales or price-to-earnings ratios for agnate accessible companies. Some account associates abound richer or poorer aural weeks—or days—of our altitude date.

Net worth: $10.1 billion

Origin of wealth: Cement, sugar

Age: 62

Country: Nigeria

Residence: Lagos

Education: Al-Azhar University, Bachelor of Arts/Science

Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s bigger adhesive producer. He owns about 85% of publicly-traded Dangote Adhesive through a captivation company. Dangote Adhesive produces 45.6 actor metric bags annually and has operations in 10 countries beyond Africa. Dangote additionally owns stakes in publicly-traded salt, amoroso and abrade accomplishment companies. Dangote Refinery has been beneath architectonics for three years and is accepted to be one of the world’s bigger oil refineries already complete. 

Did You Know?

Dangote’s grandfathering was a acknowledged banker of rice and oats in Kano, Nigeria’s additional bigger city.

Dangote told Forbes that aback he was young, he bought sweets, gave them to others to sell, and he kept the profits.

2. Nassef Sawiris

Net worth: $8 billion

Origin of wealth: Construction, chemicals

Age: 58

Country:  Egypt

Residence: Cairo

Education: University of Chicago

Nassef Sawiris is a begat of Egypt’s wealthiest family. His brother Naguib is additionally a billionaire. Sawiris breach Orascom Architectonics Industries into two entities in 2015: OCI and Orascom Construction. He runs OCI, one of the world’s bigger nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. Orascom Construction, an engineering and architectonics firm, trades on the Cairo barter and Nasdaq Dubai. His backing accommodate stakes in adhesive behemothic Lafarge Holcim and Adidas; he sits on the authoritative lath of Adidas.

Did You Know?

A University of Chicago graduate, he donated $24.1 actor to the academy in 2019 to aid Egyptian acceptance and armamentarium an authoritative apprenticeship program.

Nassef Sawiris teamed up with Fortress Advance Group’s Wes Edens to acquirement a majority pale in Aston Villa Football Club.

3. Mike Adenuga

Net worth: $7.7 billion

Origin of wealth: Telecom, oil

Age: 66

Country: Nigeria

Residence: Lagos

Education: Pace University, Master of Business

Adenuga, Nigeria’s additional richest man, congenital his affluence in telecom and oil production. His adaptable buzz network, Globacom, is the third bigger abettor in Nigeria, with 43 actor subscribers. His oil analysis outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Adenuga got an MBA at Pace University in New York, acknowledging himself as a apprentice by alive as a auto driver. He fabricated his aboriginal actor at age 26 affairs applique and distributing bendable drinks.

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4. Nicky Oppenheimer

& family

Net worth: $7.7 billion

Origin of wealth: Diamonds

Age: 74

Country: South Africa

Residence: Johannesburg

Education: Oxford University Christ Church, Master of Arts/Science

Oppenheimer, beneficiary to his family’s fortune, awash his 40% pale in design abutting DeBeers to mining accumulation Anglo American for $5.1 billion in banknote in 2012. He was the third bearing of his ancestors to run DeBeers, and took the aggregation clandestine in 2001. For 85 years until 2012, the Oppenheimer ancestors alive a authoritative atom in the world’s design trade. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates accountant flights with its agile of three planes and two helicopters. He owns at atomic 720 aboveboard afar of attention acreage beyond South Africa, Botswana and Zimbabwe.

Did You Know?

Oppenheimer owns Tswalu Kalahari Reserve, the bigger clandestine bold assets in South Africa.

Oppenheimer is a sports fan and plays squash, golf and cricket. Notepads in his appointment read: “Things I charge do afore cricket”.

5. Johann Rupert & family

Net worth: $6.5 billion

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Origin of wealth: Affluence goods

Age: 69

Country: South Africa

Residence: Cape Town

Rupert is administrator of Swiss affluence appurtenances abutting Compagnie Financiere Richemont. The aggregation is best accepted for the brands Cartier and Montblanc. It was formed in 1998 through a aftereffect of assets endemic by Rembrandt Accumulation Limited (now Remgro Limited), which his ancestor Anton formed in the 1940s. He owns a 7% pale in adapted advance abutting Remgro, which he chairs, as able-bodied as 25% of Reinet, an advance captivation co. based in Luxembourg. In contempo years, Rupert has been a articulate adversary of affairs to acquiesce fracking in the Karoo, a arena of South Africa area he owns land.

Did You Know?

He additionally owns allotment of the Saracens English rugby aggregation and Anthonij Rupert Wines, alleged afterwards his asleep brother.

Rupert says his better affliction was not affairs bisected of Gucci aback he had the befalling to do so for aloof $175 million.

6. Issad Rebrab & family

Net worth: $4.4 billion

Origin of wealth: Food

Age: 76

Country: Algeria

Residence: Algiers

Issad Rebrab is the architect and CEO of Cevital, Algeria’s better privately-held company. Cevital owns one of the bigger amoroso refineries in the world, with the accommodation to aftermath 2 actor bags a year. Cevital owns European companies, including French home accessories maker Groupe Brandt, an Italian animate comminute and a German baptize ablution company. Afterwards confined eight months in bastille on accuse of corruption, Rebrab was appear on January 1, 2020. He denies any wrongdoing.

Did You Know?

Rebrab is the son of militants who fought for Algeria’s adeptness from France.

Cevital helped accounts a biopic on Algerian attrition hero Larbi Ben M’hidi, who was accomplished by the French in 1957.

7. Mohamed Mansour

Net worth: $3.3 billion

Origin of wealth: Diversified

Age: 71

Country: Egypt

Residence: Cairo

Education: Auburn University, Master of Business Administration

Mansour oversees ancestors amassed Mansour Group, which was founded by his ancestor Loutfy (D.1976) in 1952 and has 60,000 employees. Mansour accustomed General Motors dealerships in Egypt in 1975, afterwards acceptable one of GM’s better distributors worldwide. Mansour Accumulation additionally has absolute administration rights for Caterpillar accessories in Egypt and seven added African countries. He served as Egypt’s Minister of Transportation from 2006 to 2009 beneath the Hosni Mubarak regime. His brothers Yasseen and Youssef, who allotment buying in the ancestors group, are additionally billionaires; his son Loutfy alive clandestine disinterestedness arm Man Capital.

8. Abdulsamad Rabiu

Net worth: $3.1 billion

Origin of wealth: Cement, sugar

Age: 59

Country: Nigeria

Rabiu is the architect of BUA Group, a Nigerian amassed alive in adhesive production, amoroso adorning and absolute estate. In aboriginal January 2020, Rabiu alloyed his privately-owned Obu Adhesive aggregation with listed abutting Adhesive Co. of Northern Nigeria, which he controlled. The accumulated firm, alleged BUA Adhesive Plc, trades on the Nigerian banal exchange; Rabiu owns 98.5% of it. Rabiu, the son of a businessman, affiliated acreage from his father. He set up his own business in 1988 importing iron, animate and chemicals.

9. Naguib Sawiris

Net worth: $3 billion

Origin of wealth: Telecom

Age: 65

Country: Egypt

Residence: Cairo

Education: Swiss Federal Polytechnical Institute, Master of Science; Swiss Federal Polytechnical Institute, Bachelor of Arts/Science

Naguib Sawiris is a begat of Egypt’s wealthiest family. His brother Nassef is additionally a billionaire. He congenital a affluence in telecom, affairs Orascom Telecom in 2011 to Russian telecom abutting VimpelCom (now Veon) in a multibillion-dollar transaction. He’s administrator of Orascom TMT Investments, which has stakes in a above asset administrator in Egypt and an Italian internet company, amid others. Ancestors captivation La Mancha has stakes in Evolution Mining, Endeavour Mining and Golden Star Resources, which accomplish gold mines in Africa and Australia. Sawiris is a majority buyer in Euronews. He’s additionally developed a affluence resort alleged Silversands in Grenada.

Did You Know?

Sawiris helped begin The Free Egyptians, a advanced political party, at the access of Egypt’s uprisings in 2011. 

In 2015, he offered to buy a Greek or Italian island to abode Syrian refugees, but Greece and Italy angry him down.

10. Patrice Motsepe

Net worth: $2.6 billion

Origin of wealth: Mining

Age: 57

Country: South Africa

Residence: Johannesburg

Motsepe, the architect and administrator of African Rainbow Minerals, became a billionaire in 2008 – the aboriginal atramentous African on the Forbes list. In 2016, he launched a new clandestine disinterestedness firm, African Rainbow Capital, focused on advance in Africa. Motsepe additionally has a pale in Sanlam, a listed banking casework firm, and is the admiral and buyer of the Mamelodi Sundowns Football Club. He became the aboriginal atramentous accomplice at law abutting Bowman Gilfillan in Johannesburg, and afresh started a application business accomplishing abundance scut work. In 1994, he bought low-producing gold abundance shafts and afterwards angry them profitable.

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11. Koos Bekker

Net worth: $2.5 billion

Origin of wealth: Media, investments

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Age: 67

Country: South Africa

Residence: Cape Town

Education: Columbia Business School, Master of Business Administration; University of Witwatersrand, LLB

Bekker is admired for transforming South African bi-weekly administrator Naspers into an ecommerce broker and cable TV powerhouse. He led Naspers to advance in Chinese Internet and media abutting Tencent in 2001 – by far the best assisting of the bets he fabricated on companies elsewhere. In 2019, Naspers put some assets into two publicly-traded companies, ball abutting MultiChoice Accumulation and Prosus, which contains the Tencent stake. It awash a 2% pale in Tencent in March 2018, its aboriginal time abbreviation its holding, but declared at the time it would not advertise afresh for three years. Bekker, who retired as the CEO of Naspers in March 2014, alternate as administrator in April 2015.

Did You Know?

His Babylonstoren estate, about 600 acreage in South Africa’s Western Cape region, appearance architectonics dating aback to 1690, a farm, orchard and acreage and more.

Over the summer of 2015, he awash added than 70% of his Naspers shares.

12. Yasseen Mansour

Net worth: $2.3 billion

Origin of wealth:  Diversified

Age: 58

Country: Egypt

Residence: Cairo

Education: George Washington University,

Bachelor of Arts/Science

Mansour is a actor in family-owned amassed Mansour Group, which was founded by his ancestor Loutfy (d.1976) in 1952. Mansour Accumulation is the absolute benefactor of GM cartage and Caterpillar accessories in Egypt and several added countries. His brothers Mohamed and Youssef are additionally billionaires and allotment owners of Mansour Group. He’s administrator of Palm Hills Developments, one of Egypt’s better absolute acreage developers.

Did You Know?

Mansour Accumulation is the sole franchisee of McDonald’s in Egypt, as able-bodied as the benefactor of Gauloises cigarettes.

13. Isabel dos Santos

Net worth: $2.2 billion

Origin of wealth: Investments

Age: 46

Country: Angola

Education: King’s College London, Bachelor of Arts/Science

Dos Santos is the oldest babe of Angola’s longtime above president, Jose Eduardo dos Santos, who stepped bottomward in abatement 2017. Her ancestor fabricated her arch of Sonangol, Angola’s accompaniment oil firm, in June 2016, but Angola’s new admiral removed her from that role in November 2017. Forbes research begin that while Isabel’s ancestor was president, she concluded up with stakes in Angolan companies including banks and a telecom firm. She owns shares of Portuguese companies, including telecom and cable TV abutting Nos SGPS. A agent for Isabel told Forbes that she “is an absolute business woman and a clandestine broker apery alone her own interests.” In December 2019, an Angolan cloister issued an adjustment freezing her stakes in Angolan companies, allotment of a clothing about funds she owes to the accompaniment oil firm.

Did You Know?

Isabel dos Santos is nicknamed “the princess” in Angola.

Santos’ mother, Tatiana Kukanova, met her ancestor while he was a apprentice in Azerbaijan. The brace afterwards divorced.

14. Youssef Mansour

Net worth: $1.9 billion

Origin of wealth: Diversified

Age: 74

Country: Egypt

Residence: Cairo

Education: Auburn University, Master of Business Administration; North Carolina Accompaniment University, Bachelor of Science in Engineering

Mansour is administrator of family-owned amassed Mansour Group, which was founded by his ancestor Loutfy (d.1976) in 1952. Mansour Accumulation is the absolute benefactor of GM cartage and Caterpillar accessories in Egypt and several added countries. He oversees the customer appurtenances division, which includes bazaar alternation Metro, and sole administration rights for L’Oreal in Egypt. Younger brothers Mohamed and Yasseen are additionally billionaires and allotment owners of Mansour Group.

Did You Know?

Former Egypt Admiral Gamal Abdel Nasser nationalized his father’s aboriginal affection trading business.

Mansour is a founding affiliate of the American Egyptian Chamber of Commerce.

15. Aziz Akhannouch

& family

Net worth: $1.7 billion

Origin of wealth: Petroleum, diversified

Age: 59

Country: Morocco

Residence: Casablanca

Education: Universite de Sherbrooke, Master of Business Administration

Aziz Akhannouch is the majority buyer of Akwa Group, a multibillion-dollar amassed founded by his ancestor and a partner, Ahmed Wakrim, in 1932. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. Akhannouch is Morocco’s Minister of Agriculture and Fisheries and the admiral of a royalist political party.

Did You Know?

His wife Salwa Idrissi runs her own company, which has franchises for Gap, Gucci and Ralph Lauren in Morocco.

16. Mohammed Dewji

Net worth: $1.6 billion

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Origin of wealth:  Diversified

Age: 44

Country: Tanzania

Residence: Dar es Salaam

Mohammed Dewji is the CEO of MeTL, a Tanzanian amassed founded by his ancestor in the 1970s. MeTL is alive in bolt manufacturing, abrade milling, beverages and comestible oils in eastern, southern and axial Africa. MeTL operates in at atomic six African countries and has ambitions to aggrandize to several more. Dewji, Tanzania’s alone billionaire, active the Giving Pledge in 2016, able to accord at atomic bisected his affluence to altruistic causes. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania, in October 2018 and appear afterwards nine days.

Did You Know?

Dewji retired from Tanzania’s assembly in aboriginal 2015 afterwards commutual two terms.

Dewji, who is accepted as Mo (short for Mohammed), launched Mo Cola several years ago to attempt with Coca Cola.

17. Othman Benjelloun

& family

Net worth: $1.4 billion

Origin of wealth: Banking, insurance

Age: 87

Country: Morocco

Residence: Casablanca

Education: Ecole Polytechnique de Lausanne, Diploma

Benjelloun is CEO of BMCE Coffer of Africa, which has a attendance in added than 20 African countries. His ancestor was a actor in RMA Watanya, a Moroccan allowance company; Benjelloun congenital it into a arch insurer. Through his captivation aggregation FinanceCom, he has a pale in the Moroccan arm of French telecom abutting Orange. He inaugurated in 2014 a $500 actor plan to body the 55-story Mohammed VI Tower in Rabat. It will be one of the tallest barrio in Africa. FinanceCom is allotment of a activity to advance a multibillion-dollar tech burghal in Tangiers that is accepted to host 200 Chinese companies.

Did You Know?

He co-owns Ranch Adarouch, one of the better beasts breeders in Africa.

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Benjelloun and his wife accustomed the David Rockefeller Bridging Leadership Award for architectonics schools in rural Morocco in 2016.

18. Michiel Le Roux

Net worth: $1.3 billion

Origin of wealth: Banking

Age: 70

Country: South Africa

Residence: Stellenbosch

Le Roux of South Africa founded Capitec Coffer in 2001 and owns about an 11% stake. The bank, which trades on the Johannesburg Banal Exchange, targets South Africa’s arising average class. He served as administrator of the lath of Capitec from 2007 to 2016 and has connected on as a lath member. Le Roux ahead ran Boland Bank, a baby bounded coffer in Cape Town’s hinterland.

Did You Know?

The coffer has added than 800 branches and over 13,000 employees.

Fellow South African Jannie Mouton’s PSG Accumulation owns a 30% pale in Capitec Bank.

19. Strive Masiyiwa

Net worth: $1.1 billion

Origin of wealth: Telecom

Age: 58

Country: Zimbabwe

Residence: London

Education: University of Wales, Bachelor of Engineering

Masiyiwa overcame abiding government action to barrage adaptable buzz arrangement Econet Wireless Zimbabwe in his country of bearing in 1998. He owns aloof over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one allotment of his beyond Econet Group. Masiyiwa additionally owns aloof over bisected of clandestine aggregation Liquid Telecom, which provides cilia optic and accessory casework to telecom firms beyond Africa. His added assets accommodate stakes in adaptable buzz networks in Burundi and Lesotho, and investments in fintech and adeptness administration firms in Africa. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor accouchement in Zimbabwe, South Africa, Burundi and Lesotho.

Did You Know?            

After belief at university in Britain, Masiyiwa formed at ZPTC, Zimbabwe’s buzz company.

He larboard ZPTC to alpha an engineering casework firm, afresh awash it and founded Econet Wireless Zimbabwe, but had to action the government in cloister for years

20. Folorunso Alakija

Net worth: $1 billion

Origin of wealth: Oil

Age: 69

Country: Nigeria

Residence: Lagos

Folorunso Alakija is carnality armchair of Famfa Oil, a Nigerian oil analysis aggregation with a pale in Agbami Oilfield, a abounding adopted asset. Famfa Oil’s ally accommodate Chevron and Petrobras. Alakija’s aboriginal aggregation was a appearance characterization whose barter included the wife of above Nigerian admiral Ibrahim Babangida. The Nigerian government awarded Alakija’s aggregation an oil prospecting authorization in 1993, which was afterwards adapted to an oil mining lease. The Agbami acreage has been operating aback 2008; Famfa Oil says it will acceptable accomplish through 2024.

FORBES AFRICA announcer Peace Hyde says she aboriginal interviewed Aliko Dangote in Nigeria about three years ago for the accepted FORBES AFRICA show, My Worst Day With Peace Hyde, airing on CNBC Africa, and has aback had the advantage of affair and speaking with him several times at both official and clandestine functions.

“Dangote is addition who is acutely focused and apprenticed with a bullish affection for Africa. For him, the ambition is to dream as big and as affected as you can aback it comes to the approaching of Africa because he believes, we accept the animal basic and assets to transform our continent. Everything is accessible in his mind. His access to business is attestation to this fact.”

The bigger employer in Africa’s best crawling economy, he is additionally apparent as a stabilizing force aural the economies of several countries beyond the African continent. His story, however, has not been after failure.

“Dangote has had his fair allotment of ups and downs. But his admonition to adolescent entrepreneurs is accepting the adeptness to adjournment delight and assignment adamantine through boxy times so they can adore the fruits of their activity at a afterwards date,” says Hyde.

Through the Dangote Foundation, which has the cold of abbreviation the cardinal of lives absent to malnutrition and ache as able-bodied as active Severe Acute Malnutrition (SAM) in children, bags of accouchement accept been adored from the border of death.

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Dangote is additionally accepted as a man of few words. “I accept apparent him absorb an absolute afternoon answering questions about his business to a allowance of MBA graduates and proceeding to booty pictures with anybody afore leaving.

“You will not acquisition any of the accessible accouterment of abundance like blatant cars or a big associates with him and he takes the time to allege to anyone who approaches him at a function,” adds Hyde.

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