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Nigerian businessman Abdulsamad Rabiuwho made his fortune in cement, flour, edible oils and real estate, returns to the 3-Comma club after a multi-year hiatus. The value of his shares in the new Cement Co. Dangote started out in business more than 3 decades ago by trading in commodities like cement, flour and sugar with a loan he received from his maternal uncle and went on to build the Dangote Group, the largest industrial conglomerate in West Africa.
His Conoil Producing Company was one of the first indigenous Nigerian companies to be granted an oil exploration in the early 90s. He is also the founder and sole owner of Globacom, a Nigerian mobile phone network that has more than 40 million subscribers in Nigeria and neighboring African countries. His property company, Cobblestone Properties, owns hundreds of prime residential and commercial property all over Nigeria. Robert F. Smith, a former Goldman Sachs executive, is the founder of private equity firm Vista Equity Partners that focuses exclusively on investing in software companies.
Oprah is still the richest African-American woman in the world thanks largely to the 25 years of her profitable daytime TV show and earnings from her Harpo production company.
It has more than 10 million subscribers spread across Zimbabwe, Botswana, Burundi and Lesotho. He also owns a large stake in African Rainbow Capital, a private equity firm focusing on investments in the financial services sector. Basketball's greatest player is the majority shareholder of Charlotte Bobcats and enjoys lucrative deals with the likes of Gatorade, Hanes and Upper Deck. Lee-Chin, a Canadian of Jamaican origin, made a fortune investing in financial companies. Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate with interests in sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil gas and shipping.
He struck out on his own inimporting rice, sugar, edible oils as well as steel and iron rods. Alakija started off as a secretary in a Nigerian merchant bank in the s, then quit her job to study fashion de in England.
Upon her return, she founded a Nigerian fashion label that catered to upscale clientele, including Maryam Babangida, wife to Nigeria's former military president Ibrahim Babangida. In he founded the Mo Ibrahim Foundation which promotes good governance in Africa. Contact me via at mfon. I ly worked as a reporter for Business Daily, Kenya's largest business newspaper. I also chronicle the stories of successful African enterprises and the entrepreneurs behind them. Follow me on Twitter MfonobongNsehe.
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More From Forbes. Oct 29,am EDT. Oct 28,am EDT. Oct 27,am EDT. Oct 26,pm EDT. Oct 26,am EDT. Edit Story. Mar 5,pm EST. I chronicle Africa's success stories and track its richest people.
Mfonobong Nsehe.Sucessful black people
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The Black Billionaires