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

#7 Mohamed Al Fayed

Net worth: US$1.8 billion

Nationality: Egyptian

Mohamed Fayed, an Egyptian businessman and retail mogul whose primary residence and business interests have been in the United Kingdom since the late 1960s is the world’s 1 504th richest man, according to Forbes, with a net worth of US$1.8 billion.

Fayed amassed a fortune in retail after selling his stakes in the London department store Harrod’s to Qatar in a deal valued at US$2.4 billion in 2010. Following the sale of Fulham Football Club in 2013, he received a whopping US$300 million from US auto parts billionaire Shahid Khan.

#8 Aziz Akhannouch

Real-time net worth: US$1.8 billion

Nationality: Moroccan 

Aziz Akhannouch is a Moroccan businessman and the country’s Prime Minister since September 2021. His fortune is derived from the Akwa Group, a Moroccan conglomerate with oil and gas investments.

The company also has interests in telecommunications, tourism, hotels, and real estate. The Afriquia brand is used by its service stations.

Akhannouch has a net worth of US$1.8 billion, making him one of Africa’s wealthiest men and the world’s 1 586th richest man, according to Forbes.

#9 Mohammed Dewji

Net worth: US$1.5 billion

Nationality: Tanzanian 

Mohammed Dewji is a Tanzanian billionaire businessman and former politician. He is the owner and CEO of MeTL Group, a Tanzanian conglomerate founded in the 1970s by his father.

MeTL Group has active operations in East, Southern, and Central Africa in textile manufacturing, flour milling, beverages, and edible oils.

Dewji has an estimated net worth of US$1.5 billion as of press time, making him the world’s 1 784th richest person and the African continent’s youngest billionaire.

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