Forbes Africa
Published 2 months ago
By David Dawkins, Ariel Shapiro, Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A. Dolan
In Africa as elsewhere in the world the wealthiest have come through the pandemic just fine. The continent’s 18 billionaires are worth an average $4.1 billion, 12% more than a year ago, driven in part by Nigeria’s surging stock market. For the tenth year in a row, Aliko Dangote of Nigeria is the continent’s richest person, worth $12.1 billion, up by $2 billion from last year’s list thanks to a roughly 30% rise in the share price of Dangote Cement, by far his most valuable asset. The second richest is Nassef Sawiris of Egypt, whose largest asset is a nearly 6% stake in sportswear maker Adidas. At number three: Nicky Oppenheimer of South Africa, who inherited a stake in diamond firm DeBeers and ran the company until 2012, when he sold his family’s 40% stake in DeBeers to mining giant AngloAmerican for $5.1 billion.
Billionaires are fond of investing in sports franchises. This is because there is a lot of money in it and the income stream is pretty consistent. Authoritative wealth watch magazine, Forbes yesterday released its official list of the most valuable clubs in the world.
It also gave a summary of the business side of the football world which we found quite interesting.
Nairametrics did a thorough review of the list and highlighted the parts which we believe will resonate well with our readers. Let’s get to it!
Top 10 richest clubs in 2021 by value
Tottenham (2.3bn)
Tottenham hotspur comes in at the 10th position with a valuation of $2.3bn. The English club is owned by Joseph Lewis and Daniel Levy. They generated $494m last year.
[imagesource: Shutterstock]
The wealthy in Africa, as with other parts of the world, have managed to weather the pandemic just fine.
The continent boasts 18 US dollar billionaires, with an average worth of $4,1 billion, which amounts to a more than 12% increase from a year ago.
Forbes has rounded up the continent’s billionaires and ranked them from richest to, well, not as rich, but still pretty rich.
Leading the pack is Aliko Dangote of Nigeria, who has risen in wealth by $2 billion from last year’s list thanks to a roughly 30% rise in the share price of Dangote Cement.
Nassef Sawiris of Egypt comes in second, with South Africa’s Nicky Oppenheimer coming in third.
Billionaires are fond of investing in sports franchises. This is because there is a lot of money in it and the income stream is pretty consistent. Authoritative wealth watch magazine, Forbes yesterday released its official list of the most valuable clubs in the world.
It also gave a summary of the business side of the football world which we found quite interesting.
Nairametrics did a thorough review of the list and highlighted the parts which we believe will resonate well with our readers. Let’s get to it!
Top 10 richest clubs in 2021 by value
Tottenham (2.3bn)
Tottenham hotspur comes in at the 10th position with a valuation of $2.3bn. The English club is owned by Joseph Lewis and Daniel Levy. They generated $494m last year.
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Published 23 January 2021
The list of Africa’s billionaires is an annual ranking by documented net worth of the wealthiest billionaires in Africa, compiled and published by the American business magazine, Forbes. The ranking of world’s richest billionaires was first published in March 1987.
The PUNCH highlights the top 10 richest people in Africa, all of whom happen to be men.
1. Aliko Dangote
For the tenth year in a row, Aliko Dangote is the continent’s richest person, worth $12.1bn, up by $2bn from last year’s list, thanks to a roughly 30 per cent increase in the share price of Dangote Cement, which is by far his most valuable asset.