Tag: Richest

2024 top 10 richest cities in Africa in 2024

Henley & Partners’ 2024 Africa Wealth Report has it that, Africa is home to 135,200 high-net-worth individuals (HNWIs) with liquid investable wealth surpassing USD 1 million.

Additionally, there are 342 centi-millionaires with assets valued at USD 100 million or more, and 21 billionaires.

The report highlights Africa’s top wealth markets, known as the ‘Big 5’ — South Africa, Egypt, Nigeria, Kenya, and Morocco — which collectively account for 56% of the continent’s millionaires and over 90% of its billionaires.

At the city level, Johannesburg remains Africa’s wealthiest city, boasting 12,300 millionaires, 25 centi-millionaires, and 2 billionaires.

Cape Town closely follows with 7,400 millionaires, 28 centi-millionaires, and 1 billionaire. Other notable urban wealth hubs include Cairo (7,200 millionaires), Nairobi (4,400), and Lagos (4,200).

Looking ahead, Andrew Amoils, head of research at New World Wealth, identifies several cities and regions expected to attract a significant influx of millionaires over the next decade.

These include Cape Town, South Africa’s Whale Coast, Kigali, Windhoek, Swakopmund, Nairobi, Tangier, and Marrakech, all projected to experience a growth of over 85% in millionaire population.

April 23, 2024
Nigeria’s richest woman allegedly part ways with his husband

In a surprising development, Folorunsho Alakija, Nigeria‘s wealthiest woman, is reportedly facing a marital crisis after over three decades of marriage to her husband, Modupe Alakija.

The couple, long prominent in Nigerian society, has chosen to separate.

According to The Will newspaper, the former socialite, now a gospel minister, has officially split from her spouse. Sources close to the situation suggest that frequent disagreements led to their decision to live apart.

Modupe Alakija, once a regular presence at their upscale residence in Ikoyi, Lagos, is now said to spend nights elsewhere.

The strain in their relationship has prompted Folorunsho Alakija to seek complete privacy, while her husband seeks alternative housing in Ikoyi.

The specific reasons for their marital discord remain undisclosed, but some speculate that their status in Nigerian society may have influenced their united front until now.

Folorunsho Alakija, the founder of FAMFA Oil Limited, has not only made a name for herself as a successful businesswoman but also as a philanthropist and minister. This recent upheaval coincides with rumors about her health, particularly regarding her vision.

As the nation observes, the end of their 30-year marriage marks a significant chapter in the lives of these influential individuals. We extend our wishes for strength and healing during this difficult period.

March 21, 2024
CEO of Luis Vuitton, Bernard Arnault, dethrones Elon Musk as world’s richest

The billionaire chairman and CEO of the global luxury goods company overseeing brands such as Louis Vuitton and Sephora, Bernard Arnault, has become the world’s wealthiest individual, surpassing Elon Musk.

Arnault and his family’s net worth experienced a remarkable increase to $207.8 billion on Friday, marking a $23.6 billion surge, outpacing Musk’s $204.5 billion, according to Forbes’ real-time billionaires list.

The shift in rankings occurred as Musk faced challenges with Tesla in the stock market, witnessing a 13% drop on Thursday, leading to a decrease of over $18 billion in his net worth.

Simultaneously, LVMH shares surged on Friday, rising over 13% by 11 a.m., propelled by reports of robust sales performance.

LVMH’s market cap reached $388.8 billion on Friday, trailing Tesla’s $586.14 billion market cap.

Notably, in 2021, LVMH made a significant acquisition by purchasing Tiffany & Co. for nearly $16 billion, marking it as the largest luxury brand acquisition to date.

Arnault’s holding company Agache supports Aglaé Ventures, a venture capital firm known for investments in companies like Netflix and ByteDance, the parent company of TikTok.

Bernard Arnault, aged 74, had previously surpassed Musk in wealth in December.

January 30, 2024
Top 5 highest paid actors in Ghana

There are actors who make a lot of money than their colleagues based on their consistency and experience in the Ghanaian movie industry.

In this article, we will be taking a look at five of these individuals and the amount they charge per movie.

Although the Ghanaian movie industry is not so buzzing as it used to, these actors charge the highest amount per movie role.

The video below shows the average amount the actors make in every single movie they feature.

Watch video below:

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Source: www.Ghgossip.com

July 17, 2020
Moneybags: The richest artistes in Africa – See the position of Ghana’s Shatta Wale

Some African artistes have tasted their shares of successes in recent years. A lot of them have been able to take their art beyond the shores of their nations and have also linked up with their counterparts in other countries.

Despite the lockdown some of these musicians have still been able to rack up millions into their accounts. Here’s a list of African wealthiest artistes from the richest downwards:

1. Don Jazzy (Nigeria)

According to Forbes, Don Jazzy was rated the 39th “most powerful celebrity in Africa”. He is the current CEO of Mavins record label, he makes his money from multiple sources including juicy endorsement deals. He is reportedly worth $100 million.

2. Akon (Senegalese – American)

The US – based singer has seen his fair share of music fortune. He has made good profit from a range of business ventures like Konvict clothing, Pepsi soccer Ad campaign etc. He has a $80 million.

3. Black Coffee (South Africa)

With a net worth of about $60 million, Black Coffee comes second after Akon when ranking the richest African musicians. It is so obvious that he is occupying this position considering that he is one of the sought after producers in Africa. He is the richest artiste in his home country south Africa.

4. Davido (Nigeria)

Born to a wealthy family, nobody flashes wealth better than David Adeleke also known as Davido. Apart from his showÂ offs, Davido has got multiple worldwide hits and collaborations with various international stars. He is reportedly worth $20 million.

5. WizKid (Nigeria)

He has been in the business for a few years, there is no doubt Wizkid is unarguably the king of contemporary afro beats music. He has worked with international stars and Grammy winning producers. He is worth $12 million.

6. Jidenna (Nigerian – American)

Jidenna was born in the united states but fully accepts his African roots. The 35 years old rapper, songwriter and record producer knew he would be in the music industry even from age 10. He got his first breakthrough with the hit song “Classic Man” with millions of copies sold around the world. He is reportedly worth $7 million.

7. Sarkodie (Ghana)

He is one of the best that has come out of Ghana. Michael Owusu Addo also known as Sarkodie has been rated one of the best rappers in Africa. He is worth $7 million.

8. Shatta Wale (Ghana)

He won the artiste of the year in 2014. The bandana dancehall king effortlessly flaunts his luxury cars and mansions on social media. He is worth $6.2 million.

Source:Â opera.com

July 13, 2020
See total net worth of Davido and Wizkid before you argue on who’s richer?

Singer/songwriter Ayodeji Ibrahim Balogun (aka Wizkid) is one of Nigeria’s biggest R&B crossover acts, having worked with Drake, Skepta, and Chris Brown, among others.

He first found regional success in 2011 with the massively popular single “Holla at Your Boy,” which appeared on his debut album Superstar.

He went global in 2016 after his collaboration with Drake, “One Dance,” soared to number one in 15 countries, resulting in a multi-album deal with RCA, which issued his Caribbean-influenced major-label debut, Sounds from the Other Side, in 2017.

WizKid’s net worthÂ is estimated to be roughly $20 million (N7,751,400,000).

Wizkid’s Cars

1. Lamborghini Urus Over â‚¦101 million

2. BMW X6 Crossover â‚¦12 million

3. Porsche Panamera â‚¦50.8 million

4.Bentley Continental GT Speed Convertible â‚¦45- â‚¦50 million

5. Porsche Cayenne â‚¦18 million

6. Mercedes Benz G63 AMG â‚¦55 million â‚¦65 million

7. 2012 Mercedes-Benz Kompressor â‚¦9 million

8. Hyundai Sonata â‚¦6 million

Wizkid houses

Like many celebrities, Wizkid also owns house. The singer reportedly has three houses.

Davido

Nigerian vocalist/producer Davido was born David Adedeji Adeleke in Atlanta, Georgia, in 1992. His interest in music began while attending Oakwood University in his late teens, and he started making his own beats and investigating music production. He dropped out of school and began pursuing music full-time, relocating to Lagos, Nigeria, and releasing his debut single, “Back When,” in 2011. The single received some attention for its mix of clubby production, high-energy vocals, and Afro-pop rhythms, and was followed shortly by second single “Dami Duro.” Work began on his debut album, Omo Baba Olowo, which was released in 2012 and produced a plethora of singles.

Davido net worth 2020 in dollars is estimated at $16 million (N6,208,016,000).

Davido’s houses

The singer is a proud owner of 3 houses, One in Atlanta, Georgia, USA, the rest in Lagos (Lekki and Banana) Nigeria.

Davido’s cars

1. Rolls Royce Cullinan 2019 (~â‚¦350 million)

2. Bentley Bentayga (â‚¦108 million)

3. Porsche Panamera Turbo S (â‚¦22.8 million)

4. Range Rover SV Autobiography (â‚¦98 million)

5. Range Rover SV Autobiography (â‚¦98 million)

6. Chevrolet Camaro GS (â‚¦9.4 million)

7. Audi R8 (â‚¦23.4 million)

8. Mercedes G-Wagon (~â‚¦21 million)

10. Toyota Land Cruiser (~â‚¦30 million)

Both celebrities has just proved to us that hard work is better. If you’ve learned something from this then give it a share and you can follow me for more updates.

Source:Â opera.com

July 3, 2020
Full list of top 15 richest black people in the world and their powerful financial assets

Four Nigerians have again given the country pride of place among wealthy people in the world according to Africa Facts Zone.

In the top 10 list compiled by the Twitter handle, Dangote leads the pack with $9.5bn, while Mike Adenuga makes number three on the list with $5.8bn.

The third and fourth Nigerians are Rabiu at number six and Folorunso Alakija, number 14, with a wealth commanding power of $3.2bn and $1bn.

Famous show host, Oprah Winfrey, and popular actor, Will Smith take numbers seven and four with $2.6bn and $5bn respectively.

Below are, therefore, the full list of the 15 richest black people:

1. Aliko Dangote (Nigeria) – $9.5 billion

2. Mohammed Hussein (Saudi) – $8.1 billion

3. Mike Adenuga (Nigeria) – $5.8 billion

4. Will Smith (US) – $5 billion

5. David Steward (US) – $3.5 bn

6. Abdul Samad Rabiu (Nigeria) – $3.2 bn

7. Oprah Winfrey (US) $2.6 bn

A collage of Dangote, Jay Z, Kanye, Oprah, Adenuga.

Source: UGC

8. Mike Jordan (US) – $2.1 bn

9. Patrice Motsepe (South Africa) – $2bn

10. Isabel Dos Santos (Angola) – $1.8bn

11. Strive Masiyiwa (Zimbabwe), Michael Lee-Chin (Canadian-Jamaican) – $1.7 billion

13. Kanye West (US) – $1.3 billion

14. Folorunsho Alakija (Nigeria) – $1 billion

15. Jay-Z (US) – $1 billion

World’s Richest Black People

11. Strive MasiyiwaðŸ‡¿ðŸ‡¼, Michael Lee-Chin ðŸ‡¯ðŸ‡² ($1.7 billion)

13. Kanye West ðŸ‡ºðŸ‡² ($1.3 billion)

14. Folorunsho Alakija ðŸ‡³ðŸ‡¬ ($1 billion)

15. Jay-Z ðŸ‡ºðŸ‡¸ ($1 billion).

â€” Africa Facts Zone (@AfricaFactsZone) June 4, 2020

Source: yen.com.gh

June 5, 2020
Top 5 richest women in Ghana and their families.

Ghanaian women are not very vocal when it comes to their wealth as oppose to their male colleagues who will brag about anything they own. We have compiled a list of the top five richest women in Ghana.

Grace Amey-Obeng

Grace Amey-Obeng is the CEO of Forever Clair. She is the fifth richest woman in the country. Her net worth is estimated at $100 million which is sourced mainly from the cosmetic industry. Mrs Amey Obeng received her beauty education at Croydon College, London. She later returned to Ghana and with $100 started her own business. Now Forever Clair group of companies includes a beauty clinic (FC Skin and Beauty Klinik), a firm that supplies salon equipment and cosmetics (Forever Clair Skin Care) and a college (FC Beauty College). It has eight branches in Ghana and exports to Nigeria, Burkina Faso, Togo, Ivory Coast, Switzerland and the United Kingdom.

Gifty Lamptey

The 4th richest woman in Ghana is Mrs.Gifty Lamptey, the CEO of Sidalco Group of Companies which includes; Sidalco Construction and Roads Ltd; Del Estates; Empire Concretes Ltd and Dominion International Petroleum Ltd.Â She is estimated at $135 million as her net worth.Â Serving on several boards such as of Ladies of the Cross International Ministries; an organization that focuses on philanthropy where she serves as the chair. Mrs. Lamptey is a widow blessed with three children.

Kate Quartey Papafio

The first female cable manufacturer in the ECOWAS subregion is the 3rd richest woman in Ghana.Â Founded in 1992. Also the leading producer of electrical cables in Ghana, she has an estimated net worth of $250 million. Reroy Power Limited is part of the Reroy Group of companies which was founded in 1992 which includes Reroy Energy Limited and Reroy Cables Limited. The company has a strong presence in the West African sub region. Where it provides products and services to the private sector, general consumers and utilities throughout the region.

Theresa Oppong

Theresa Oppong is the CEO of Manet Group which is a 100% Ghanaian real estate development holding company, which develops commercial and residential property. The company is the second largest in the industry. It was established 18 years ago, and has risen to the ranks to be listed among the top 20 companies in the country. Placing her as the 2nd richest woman in the country. Her net worth is estimated at $420 million. Among the group of companies are Manet Housing, a real estate development firm, Manet Paradise, a three star hotel resort, Manet Construction a civil engineering company and Manet Towers.

Patricia Poku-Diaby

The richest woman in Ghana is estimated at $720 million which makes her top the list of the most richest women in Ghana. She also happens to be the eight richest person in Ghana. She is the CEO of Plot Enterprise Group in Ivory Coast and Ghana which is a Ghanaian cocoa processing company. Previously worked in the family business before venturing out to start her own company. The company has a state-of-the-art grinding facility located in Takoradi. Which is currently valued at $90 million and processes 32,000 metric tons of cocoa annually into liquor, butter and cake.

May 29, 2020