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

#10 Youssef Mansour

Net worth: US$1.5 billion

Nationality: Egyptian

Like his younger brothers, Mohamed and Yasseen Mansour, Youssef Mansour, a director in the family-led Mansour Group, is worth more than US$1 billion.

With a net worth of US$1.5 billion, the Egyptian billionaire businessman who co-owns Mansour Group with his brothers ranks 1 854th in the world.

He is in charge of the consumer goods division, which includes the Metro supermarket chain and the exclusive distribution rights for L’Oreal in Egypt.

#11 Michiel Le Roux

Net worth: US$1.4 billion

Nationality: South African

Michiel Le Roux is a South African billionaire businessman and the founder of Capitec Bank, one of Africa’s largest retail banks.

According to Forbes, the billionaire is worth US$1.4 billion, making him the world’s 1 941st richest man.

His net worth has dropped by US$300 million since the beginning of the year, from US$1.7 billion in January to US$1.4 billion at the time of writing.

#12 Strive Masiyiwa

Net worth: US$1.2 billion

Nationality: Zimbabwean

Zimbabwe’s richest man Strive Masiyiwa presently ranks as the world’s 2 132nd richest man, with a net worth of US$1.2 billion. His net worth has dropped from US$4.4billion on 1 May.

Econet Wireless Zimbabwe, which he founded in 1998, has grown to become the country’s largest mobile phone company.

He owns slightly more than half of Econet Wireless Zimbabwe, which is part of his larger Econet Group. The company has stakes in mobile phone networks in Burundi and Lesotho, as well as investments in African fintech and power distribution firms.

Continued next page

(308 VIEWS)