Masiyiwa among the 14 African billionaires too poor to make Forbes 400 rich list

#4 Patrice Motsepe

Net worth: US$2.7 billion

Nationality: South African

With a net worth of US$2.7 billion, Motsepe is the richest Black South African and the world’s 1 067th richest man. The majority of his wealth is derived in gross terms from his 40-percent stake in African Rainbow Minerals (ARM), a South African diversified mining and minerals company.

His net worth has dropped by US$200 million as a result of the recent decline in the market value of his stake in ARM, a company he founded in 1997, from US$2.9 billion to US$2.7 billion at the time of writing this report.

#5 Mohammed Mansour

Net worth: US$2.5 billion

Nationality: Egyptian

Mohamed Mansour, an Egyptian billionaire businessman and the world’s 1 151st richest man, is the chairman of Mansour Group, a family conglomerate worth more than US$6 billion, according to Forbes.

Mansour derives the majority of his US$2.5-billion net worth from the company, alongside his brothers Yasseen and Youssef Sawiris, who are also billionaires.

The Egyptian billionaire played a crucial role in the group’s growth, primarily through GM dealerships in Egypt, which he established in 1975.

Mansour Group has since grown into one of the biggest GM distributors worldwide. 

#6 Koos Bekker

Net worth: US$2.1 billion

Nationality: South African

Koos Bekker is a South African billionaire businessman and the chairman of Naspers, a leading South African multinational media group.

He was instrumental in the establishment and growth of Prosus, a Naspers subsidiary established as the company’s global Internet assets division under Bekker’s leadership.

The majority of the South African billionaire’s wealth is derived from his holdings of Naspers and Prosus. Since the start of the year, his net worth has decreased from US$2.7 billion to US$2.1 billion.

Continued next page

(252 VIEWS)