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15 Richest Billionaires in Africa – This Might Surprise You

Posted byBy ABS Contributor | Published on: | Updated on September 2, 2016 CommentsComments (12)

mohamed mansour

Mohamed Mansour (Net Worth $2.2B)

Egyptian Mohamed Mansour and his two brothers are rapidly expanding outside of Egypt through their holding company, Mansour Group.  Sales at the group’s General Motors are climbing , and its Caterpillar dealerships in Russia, Africa, and Iraq continue to generate strong revenues. Last year the Mansour Group’s private equity arm, Man Capital, bought U.S.-based OTS Logistics Group for $360 million. Interests in Egypt include Philip Morris and McDonald’s franchises. The Mansours also own the largest supermarket chain, Metro, which recently received an offer from Emirati billionaire Majid Al Futtaim for up to $300 million.

 

Naguib Sawiris

Naguib Sawiris (Net Worth $2.5B)

Egyptian Naguib Sawiris set up Orascom Telecom Media and Technology, which has a 75 percent stake in Koryolink, North Korea’s only cell network. Sawiris sold his stake in Telecom Austria to Mexican billionaire Carlos Slim’s America Movil in June of 2012. A month later, his Weather Investments entity bought Canadian mining company La Mancha from French nuclear giant Areva for $317 million.

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