#2 Othman Benjelloun
Net worth: US$1.2 billion
Othman Benjelloun is the world’s 2 212th richest man and one of Africa’s richest billionaires, according to Forbes. The Moroccan billionaire is best known for co-founding BMCE Bank of Africa, of which he is presently chairman and CEO.
Benjelloun’s net worth has fallen by US$300 million since the start of the year, from US$1.5 billion at the beginning of the year to US$1.2 billion at the time of writing this report, due to a decline in the market value of his holdings in multinational pan-African banking conglomerates, BMCE Group and O Capital Group, a leading investment group based in Casablanca, Morocco’s largest city.
#3 Yasseen Mansour
Net worth: US$1.1 billion
Yasseen Mansour, Egypt’s sixth-richest man and the world’s 2 334th wealthiest man, is presently worth US$1.1 billion at the time of writing this report, down from US$2.2 billion at the start of 2020.
The leading billionaire has a stake in the Mansour Group, a family-owned conglomerate. Aside from his business interests in Mansour Group, Mansour is the chairman of Palm Hills Development, a leading Egyptian real estate group.
#4 Samih Sawiris
Net worth: US$1 billion
Samih Sawiris, the younger brother of Egyptian billionaires Naguib and Nassef Sawiris, derives the majority of his fortune from his family’s investments in OCI N.V., a global producer and distributor of nitrogen and methanol products, and Orascom Development, which builds and operates resorts in Egypt, Montenegro, and Switzerland.
Unlike his brothers, who have both been able to maintain or increase their wealth figures, Samih Sawiris has seen his net worth drop by more than US$100 million since the start of 2022, from US$1.1 billion at the start of January to US$1 billion at the time of writing this report.- Billionaires.Africa