[h=2][/h] [COLOR=#7F7F7F !important]Posted on March 10, 2011 under Editor's Choice ZeitGeist African Billionaires on the 2011 Forbes Rich List, Aliko Dangote forbes billionaire, Johann Rupert & family forbes billionaire, Mike Adenuga forbes billionaire, Mohamed Mansour forbes billionnaire, Nassef Sawiris forbes billionaire, Nicky Oppenheimer & family forbes billionaire, Onsi Sawiris forbes billionaires, Patrice Motsepe forbes billionnaire[/COLOR] Last year we brought you the comprehensive list of African Billionaires on the Forbes Billionaires List, with commentary on The Wrongs and Rights of Africas Rich List. This years list broke records in size (1,210 billionaires) and total net worth ($4.5 trillion). China which had 50 billionaires on the list in 2010 doubled its number this year. Mexicos Carlos Slim remain at No. 1. Africas total billionaires numbered 11 in 2010. This year there are 14 on the 2011 Forbes Rich list made up of two Nigerians, 4 South Africans and 8 Egyptians. Our favourite billionaire for 2010 was the Sudanese, Mohamed Ibrahim a staunch advocate for Africa and a contributor to socio-political issues across the continent. Mohamed Ibrahim who also made it onto theMyWeku rainmakers list for 2010 did not make the cut for this years (2011) Forbes Rich List. Profiles of the African Billionaires (Compiled from the Forbes Rich List 2011) Aliko Dangote $13.8 B Net Worth Calculated March 2011 Age: 53 Source: sugar, flour, cement , inherited and growing Residence: Lagos, Nigeria Country of citizenship: Nigeria Marital Status: Married Children: 3 Worlds Billionaires #51 overall #1 in Nigeria The Nigerian businessmans fortune surged 557% in the past year, making him the worlds biggest gainer in percentage terms and Africas richest individual for the first time. The catalyst was listing Dangote Cement, which integrated his investments across Africa with his previously public Benue Cement; it now accounts for a quarter of the Nigeria Stock Exchanges total market cap. Already the continents biggest cement maker, he has plants under construction in Zambia, Tanzania, Congo and Ethiopa and is building cement terminals in Sierra Leone, Ivory Coast and Liberia, among other places. Dangote, who recently bought himself a $45 million Bombardier aircraft for his birthday, has been shuttling back and forth to London for months, in anticipation of a public offering there later this year. Dangote began his career as a commodities trader; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, and oil and gas. Nicky Oppenheimer & family $7 B Net Worth Calculated March 2011 Age: 65 Source: De Beers, inherited Residence: Johannesburg, South Africa Country of citizenship: South Africa Education: BA/BS, Oxford U Christ Church; MA, Oxford U Christ Church Marital Status: Married Children: 1 Worlds Billionaires #136 overall #1 in South Africa The forever part of the diamonds story dont seem to be rubbing off on the fortunes of De Beers. The worlds largest diamond producer, owned by Oppenheimer, has seen a choppy ride in the last couple of years. Buyers took flight in the aftermath of the 2008 financial crisis and are now slowly coming back led by developing countries such as India and China. The company cut costs aggressively last year and has been selling off some of its assets in 2010, a year that it said was better than expected.Oppenheimer quashed speculation in January that he was divesting the familys 40% stake in De Beers to Anglo American, which already owns 45% in it. The Oppenheimer family, in turn, owns 2% in mining giant Anglo American, founded in 1917 by grandfather Ernest. Passionate conservationist, owns Tswalu Kalahari Reserve, largest private game reserve in South Africa. Nassef Sawiris $5.6 B Net Worth Calculated March 2011 Age: 50 Source: construction, inherited and growing Residence: Cairo, Egypt Country of citizenship: Egypt Education: BA/BS, University of Chicago Worlds Billionaires #182 overall #1 in Egypt Youngest son of Orascom founder and billionaire Onsi Sawiris. Took over leadership of empires flagship construction and fertilizer division in 1998. In 2007, sold cement business in Algeria to French construction giant Lafarge. Owns 13.9% stake in Lafarge, and sits on board . Also largest shareholder in cement producer Texas Industries. Had berated managements poor performance, but recently reached agreement to boost stake to no more than 20%. Shares of Orascom on London exchange plunged by more than one-third after uprising in Egypt. Johann Rupert & family $4.8 B Net Worth Calculated March 2011 Age: 60 Source: luxury goods, inherited and growing Residence: Stellenbosch, South Africa Country of citizenship: South Africa Education: BA/BS, University of Stellenbosch Marital Status: Married Children: 3 Worlds Billionaires #219 overall #2 in South Africa Owns publicly traded Swiss luxury group Richemont, which owns Cartier, Dunhill, makes Chloe bags and MontBlanc pens. Company has been doing better than analyst expectations on the back of accelerating sales in Asia-Pacific. Big on acquisitions: Richemont bought out online fashion portal Net-a-Porter 350 million pounds in April 2010 while his South African holding company, Remgro, bought out private South African investment outfit, VenFin, earlier. Appointed as Chancellor of the University of Stellenbosch,in South Africa where he has an office. With family relatives, owns two of South Africas best-known vineyards, Rupert & Rothschild and LOrmarins; owns one of the countrys most exclusive golf clubs. Launched LOrmarins 1200 car rally;has been pushed back from October 2010 to end-2011. Recently, he vowed to take on oil multinational Shell, opposing shale gas development in SA. Naguib Sawiris $3.5 B Net Worth Calculated March 2011 Age: 56 Source: telecom, inherited and growing Residence: Cairo, Egypt Country of citizenship: Egypt Education: BA/BS, Swiss Federal Polytechnical Institute; MS, Swiss Federal Polytechnical Institute Marital Status: Married Children: 4 Worlds Billionaires #310 overall #2 in Egypt Eldest son of Orascom founder Onsi Sawiris played a role in Egypts revolution, calling on Hosni Mubarak to step down and new government to be formed. Now seems to be distancing himself from politics. Heads Wind Telecom, which provides mobile services across Middle East, Africa, South Asia, Europe and Canada through Orascom Telecom, Italys Wind Telecomunicazioni and Greeces Wind Hellas. Russian mobile operator Vimpelcom offered to buy Wind Telecom assets for $6.6 billion; Naguib is reportedly considering a revised offer. Failed earlier to sell his telecom assets to South African operator MTN Group. Patrice Motsepe $3.3 B Net Worth Calculated March 2011 Age: 49 Source: Mining, self-made Residence: Johannesburg, South Africa Country of citizenship: South Africa Marital Status: Married Children: 3 Worlds Billionaires #336 overall #3 in South Africa Johannesburg mining magnate is South Africas first black billionaire. Net worth up this year by $1 billion as a result of rising stock prices. Born in the sprawling black township of Soweto and then trained as a lawyer, became first black partner at Bowman Gilfillan law firm in Johannesburg, before starting a contracting business doing mine scut work. Bought low-producing gold mine shafts in 1994, turned them profitable using lean, mean management style. Since then built $1.5 billion (sales) mining conglomerate, African Rainbow Minerals (ARM), with interests in platinum, nickel, chrome, iron, manganese, coal and gold. Benefited from South Africas Black Economic Empowerment (BEE) laws, which mandate that companies be at least 26% black-owned in order to get a government mining license. Also holds a stake in Sanlam, a publicly traded financial services company outside Cape Town where he sits on the board. Onsi Sawiris $2.9 B Net Worth Calculated March 2011 Age: 81 Source: construction, self-made Residence: Cairo, Egypt Country of citizenship: Egypt Marital Status: Married Children: 3 Worlds Billionaires #393 overall #3 in Egypt Founding patriarch of Egypts most famous business dynasty. Onsis three sons Naguib, Samih and Nassef run separate Orascom telecom, hotels and construction divisions. Studied agriculture in college after father urged him to pursue farming. Found it boring, and instead opened a small contracting firm in Upper Egypt. Was forced to rebuild after Nasser nationalized company in 1960s. Mohamed Mansour $2 B Net Worth Calculated March 2011 Age: 63 Source: cotton trading, inherited and growing Residence: Cairo, Egypt Country of citizenship: Egypt Education: MBA, Auburn University Marital Status: Married Children: 2 Worlds Billionaires #595 overall #4 in Egypt Mansour and his two brothers debut on the billionaires list, each with their own billion-dollar fortune despite revolution raging in their native Egypt. The Mansours are the biggest sellers of GM vehicles worldwide, and their Mansour Group has other interests including the largest supermarket chain in Egypt and the countrys second largest real estate developer. Sustained little damage during the Egypt uprising; any long term impact remains unclear. Mohammed was the countrys Minister of Transportation from 2005 until 2009; his sprawling estate in Cairo overlooks the pyramids. Mike Adenuga $2 B Net Worth Calculated March 2011 Age: 57 Source: banking, self-made Residence: Lagos, Nigeria Country of citizenship: Nigeria Education: MBA, Pace University New York Marital Status: Married Worlds Billionaires New to the list #595 overall #2 in Nigeria Nicknamed the Guru in his native Nigeria, Adenuga debuts on our billionaires list after making waves with mobile technology. His telecoms carrier Globacom recently launched a 4G network, and hes invested $1 billion on a submarine cable connecting Nigeria to the rest of the world. He made his first million at age 26 selling lace and distributing Coca-Cola, then won a contract to build military barracks in the late 1980s. He owns a stake in the Equitorial Trust Bank and chairs Niger Delta oil exploration firm Conoil. Adenuga is a soccer devotee and sponsors a number of tournaments. Yasseen Mansour $1.8 B Net Worth Calculated March 2011 Age: 49 Source: Diversified, inherited and growing Residence: Cairo, Egypt Country of citizenship: Egypt Education: BA/BS, George Washington University Marital Status: Married Children: 4 Worlds Billionaires New to the list #692 overall #5 in Egypt New on the list. Youngest brother of Mohamed Mansour, 49-year-old Yasseen heads Palm Hills Developments, Egypts second largest real estate developer. Builds luxury housing and resorts. Impact of Egypts revolution still unclear. Cousin who was Mubaraks housing minister before ouster in cabinet shake-up, is a shareholder in Palm Hills and other Mansour holdings. He now faces allegations of corruption. Youssef is graduate of George Washington University. Youssef Mansour $1.8 B Net Worth Calculated March 2011 Age: 65 Source: Diversified, inherited and growing Residence: Cairo, Egypt Country of citizenship: Egypt Education: MBA, Auburn University; North Carolina State University Marital Status: Married Children: 5 Worlds Billionaires New to the list #692 overall #6 in Egypt New to the list. Older brother of Mohamed Mansour, Youssef, 65, was instrumental in building the largest supermarket chain in Egypt, Metro. Stores spared looting during uprising; loyal employees stood guard daily to defend from theft and stay open for business. Now situation unclear. Devotes time to family foundation, with mission to eradicate illiteracy and promote education. With wife, enjoys collecting Louis XIV furniture and Renaissance paintings. Christoffel Wiese $1.6 B Net Worth Calculated March 2011 Age: 69 Source: consumer retail, self-made Country of citizenship: South Africa Education: BA/BS, University of Stellenbosch; LLB, University of Stellenbosch Marital Status: Married Children: 3 Worlds Billionaires New to the list #782 overall #4 in South Africa The South African makes the cut thanks to his stake in the continents biggest retailer, low-price supermarket chain Shoprite. Known as Christo, he also owns a stake in discount clothes, shoes and textiles chain Pepkor (slogan: Making the desirable affordable.) Restored a South African farm estate and remodeled it into a five-star hotel, Lanzerac Manor & Winery. Replanted the vineyards around it, created a modern cellar and has restarted brewing wine. Also owns wine producer Lourensford Estate and a private game reserve in the Kalahari. Samih Sawiris $1.4 B Net Worth Calculated March 2011 Age: 54 Source: hotels, inherited and growing Residence: Cairo, Egypt Country of citizenship: Egypt Marital Status: Married Worlds Billionaires #879 overall #7 in Egypt Middle son of Orascom founder and billionaire Onsi Sawiris. Samih runs real estate and hotel division which owns and operates hotels in eight countries, including Egypt, Jordan, Oman, UAE and Switzerland. Hotel properties in Egypt may take a hit, as tourists flee Egypt due to unrest. In 2010 partnered with French luxury goods company LVMH to develop two resorts in Oman and Egypt under Cheval Blanc brand. Also building luxury hotels and a golf course on a former Nazi supply route in Andermatt, Switzeland. Mohamed Al Fayed & family$1.2 B Net Worth Calculated March 2011 Age: 78 Source: Retail, self-made Country of citizenship: Egypt Marital Status: Married Children: 5 Worlds Billionaires New to the list #993 overall #8 in Egypt Flamboyant Egyptian businessman, father of Dodi Al Fayed who died in a car crash along with Princess Diana in Paris in August 1997. A natural born salesman, began flogging homemade lemonade to his classmates during recess; said to have sold Pepsi in market stalls, worked as a sewing machine salesman. Became an associate of businessman and weapons dealer Adnan Khashoggi, whose sister he eventually married. Became a British resident in 1974. Acquired House of Fraser group in mid 1980s, including the venerable Harrods department store, which he revitalized and refurbished. Sold it to Qatar Holding for a reported $2.4 billion in May 2010; now honorary chairman. Owner of the Hôtel Ritz in Paris, the Fulham football club, and a castle in Scotland. Anglophile has yet to be granted British citizenship. Click the forums link below to join in the discussions about Africas rich list : Is the Africa Forbes Rich list a good indicator for measuring Africas progress?