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You are here:Home>>Gideon Nyan>>Displaying items by tag: Forbes
Displaying items by tag: Forbes
Thursday, 31 October 2013 13:22

Forbes World Most Powerful People

For third time  in a row the most powerful person in the world according to FORBES is not President Barack Obama. This time around the person is the Russian Bear, the most powerful Vladimir Putin, President of Russia. Also in the Forbes list of the Most Powerful People in the World, the two Africans and Black that made the list were Aliko Dangote of Nigeria at 64 in the list and Mo Ibrahim of Sudan at 71. These two Africans are billionaires and Dangote is the richest Black person in the world.



Vladimir Putin, President of Russia



Barack Obama, President United States


Xi Jinping, General Secretary, Communist Party China



Pope Francis, Pope Roman Catholic Church



Angela Merkel, Chancellor Germany



Bill Gates, Co-Chair Bill & Melinda Gates Foundation



Ben Bernanke, Chairman, Federal Reserve United States



Abdullah bin Abdul Aziz Al Saud, King Saudi Arabia



Mario Draghi, President European Central Bank



Michael Duke, CEO  Wal-Mart Stores



Aliko Dangote, CEO, Dangote Group. The richest Nigerian, African and Black person in the world.


71Mohammed Ibrahim

Mohammed Ibrahim: Founder, Mo Ibrahim Foundation, originally from Sudan with a permanent resident in Britain


Source: FORBES

Monday, 04 March 2013 18:49

Forbes List of 10 Richest People 2013


"Carlos Slim Helu is the world's richest man for the fourth year in a row. He clocks in at $4 billion more than a year ago, thanks to surging stock prices at his financial arm, Grupo Financiero Inbursa, and at his Grupo Carso industrial and retail giant. Pan-Latin American mobile telecom outfit America Movil remains his most valuable holding at $36.3 billion; the company spread its wings to Europe in the past year, buying pieces of Dutch telecom company KPN and Telekom Austria." - Forbes


1. Carlos Slim Helu & familyCarlos Slim Helu Net Worth $73 Billion           Mexico



2.  Bill GatesBill Gates Net Worth $67 B                  USA



3Amancio Ortega.Amancio Ortega $57 B Spain


4.Warren BuffettWarren Buffett $53,5 B                           USA


5. Larry EllisonLarry Ellison $43 B United States

6.Charles Koch Charles Koch $34 B United States

6.David KochDavid Koch $34 B United States

8.Li Ka-shing Li Ka-shing $31 B Hong Kong

9.Liliane Bettencourt & family Liliane Bettencourt & family $30 B France

10.Bernard Arnault & family Bernard Arnault & family $29 B France


Friday, 11 January 2013 17:04

Forbes list of 20 saddest Nations

Forbes Ranks many African nations as saddest people/place including Nigeria as the 20th Saddest Nation in the World

"The influential Forbes Magazine, has listed the country (Nigeria) as ranking high in global index for harbouring one of the world's saddest people, saying the country's leadership must move from corrupt practices and official profligacy to render quality leadership to the people.Nigeria also shares the same unenviable position with several other African and Asian countries of the world with the war torn Central African Republic topping the chart as the country harbouring the saddest people in the globe." - Leadership Newes


1. Central African Republic


2. Republic of Congo


3. Afghanistan


4. Chad


5. Haiti


6. Burundi


7. Togo


8. Zimbabwe


9. Yemen


10. Ethiopia


11. Pakistan


12. Iraq


13. Liberia


14. Angola


15. Sierra Leone


16. Guinea


17. Ivory Coast


18. Sudan


19. Mozambique


20. Nigeria


Saturday, 20 October 2012 04:28

Forbes: Most Powerful Women in the World


The 100 list includes Nigeria's financial minister Ngozi Okonjo-Iweala was number 81, United States First Lady Michelle Obama, Musical singer Beyonce, Television mogul Oprah Winfrey and many others:


"For nine years FORBES has ranked the 100 most powerful women in the world. These are the women who adhere to the traditional classifications of power (political and economic might) and those who have risen to the top of the social and cultural landscape. It is our annual snapshot of women who impact the world.

This year the list features eight heads of state–including our No. 1, German Chancellor Angela Merkel (plus one monarch who just celebrated her Diamond Jubilee), 25 CEOs who control $984 billion in revenues and 11 billionaires personally worth nearly $80 billion. We feature some dozen entrepreneurs and 10 celebrities who do more than look good: they’re philanthropic do-gooders and entrepreneurial go-getters." - Forbes

1. Angela Merkel

2. Hillary Clinton

3. Dilma Rousseff

4. Melinda Gates

5. Jill Abramson

6. Sonia Gandhi

7. Michelle Obama

8. Christine Lagarde

9. Janet Napolitano

10. Sheryl Sandberg

11. Oprah Winfrey

12. Indra Nooyi

13. Irene Rosenfeld

14. Lady Gaga

15. Virginia Rometty

16. Cristina Fernandez de Kirchner

17. Ursula Burns

18. Meg Whitman

19. Aung San Suu Kyi

20. Maria das Graças Silva Foster

21. Marissa Mayer

22. Anne Sweeney

23. Diane Sawyer

24. Angela Braly

25. Susan Wojcicki

26. Queen Elizabeth II

27. Julia Gillard

28. Nancy Pelosi

29. Arianna Huffington

30. Yingluck Shinawatra

31. Kathleen Sebelius

32. Beyonce Knowles

33. Diane Von Furstenberg

34. Helen Clark

35. Georgina Rinehart

36. Amy Pascal

37. Margaret Chan

38. Jennifer Lopez

39. Sheri McCoy

40. Shakira

41. Mary Barra

42. Zhang Xin & family

43. Alice Walton

44. Laura Lang

45. Angela Ahrendts

46. Sue Naegle

47. Ellen DeGeneres

48. Safra Catz

49. Laurene Powell Jobs & family

50. Rosalind Brewer

51. Anna Wintour

52. Helene Gayle

53. Christiane Amanpour

54. Rosalia Mera

55. Cynthia Carroll

56. Cher Wang

57. Abigail Johnson

58. Padmasree Warrior

59. Chanda Kochhar

60. Gail Kelly

61. Margaret Hamburg

62. Ellen Kullman

63. Drew Gilpin Faust

64. Shari Arison

65. Mary Schapiro

66. Angelina Jolie

67. Miuccia Prada

68. Carol Meyrowitz

69. Ertharin Cousin

70. Sue Gardner

71. Joyce Banda

72. Sri Mulyani Indrawati

73. Bonnie Hammer

74. Chua Sock Koong

75. Sofia Vergara

76. Ho Ching

77. Tina Brown

78. J.K. Rowling

79. Chan Laiwa & family

80. Kiran Mazumdar-Shaw

81. Ngozi Okonjo-Iweala

82. Ellen Johnson Sirleaf

83. Gisele Bundchen

84. Mary Meeker

85. Shaikha Al-Bahar

86. Marjorie Scardino

87. Solina Chau

88. Jan Fields

89. Weili Dai

90. Risa Lavizzo-Mourey

91. Sun Yafang

92. Sheikha Lubna Al Qasimi

93. Guler Sabanci

94. Greta Van Susteren

95. Mary Callahan Erdoes

96. Mindy Grossman

97. Patricia Woertz

98. Judith Rodin

99. Beth Brooke

100. Sheikha Mayassa Al Thani




Wednesday, 29 August 2012 14:58

Black Highest-Paid Celebrities - Forbes

Oprah Winfrey Tops  List Of  the World  Highest-Paid Celebrities

"While Oprah took the top-earning slot, bringing in an estimated $165 million in the last year, she was followed by a slew of both "in-the-moment" directors and legendary standbys, like "Transformers" director Michael Bay and Steven Speilberg, who pulled in an estimated $160 million and $130 million respectively between May 2011 and May 2012." (Click over to Forbes for the full list)   - Huffington Post


Below are Black  Celebrities that made the Forbes list:


Oprah Winfrey

Oprah Winfrey


$165 million

The media mogul's earnings fell by a staggering $125 million from last year. However, even with the drop, she remains the highest earner on the list, just inching out director Michael Bay. It's been a challenging year for Winfrey, who signed off from her 25-year syndicated show and immediately turned her attention to struggling cable network OWN. The bulk of the earnings dive comes from lost income on The Oprah Winfrey Show, but her diversified portfolio includes O: The Oprah Magazine, spin-off shows like The Dr. Oz Show and a radio deal with Sirius. She does not earn a salary at OWN, which has faced ratings disappointments and financial issues since it premiered in Jan. 2011. As chairman and CEO of the joint venture with Discovery Communications, she hopes a recent restructuring, new programming and a distribution deal with Comcast will turn the network around.



Dr. Dre

$110 million

The ageless super-producer's latest hit isn't a song, but rather a line of headphones. In August handset maker HTC paid $300 million for a 51% stake in Beats by Dr. Dre, the headphone company he co-founded with Interscope chief Jimmy Iovine in 2006. Each owned about a third of the company, pocketing about $100 million apiece, before taxes, from last summer's deal.


Tyler Perry

Tyler Perry

$105 million

Perry continues to be a busy, well-paid director/producer/writer/actor. His low-budget films, like the recent Good Deeds have built-in audiences and don't need to earn a ton of money to become profitable. Perry's most successful film was 2009's Madea Goes to Jail, which earned $90 million. He also has a successful TV empire that includes House of Payne, Meet the Browns and For Better or Worse.



Tiger Woods

Tiger Woods

$58 million

Tiger Woods broke a 30-month winless streak on the PGA Tour when he won the Arnold Palmer Invitational in March. His income is down, as sponsors like Tag Heuer and Gillette failed to renew their endorsement deals with Woods. His golf course-design business is also on the ropes. But Woods remains one of the world's highest-paid athletes, thanks to his Nike deal. He has won more than $100 million in prize money worldwide during his career.



(Click over to  Forbes for the full list)





Thursday, 15 March 2012 13:31

The African Billionaires 2012 Forbes List


The African Billionaires List


A record 1,226 billionaires made it to FORBES’ annual ranking of the World’s richest people. African billionaires occupied a little over 1% of the positions on the list. Here are the 16 Africans who made the cut:


Aliko Dangote, $11.2 billion Nigeria, Sugar, Cement, Flour

Aliko Dangote

Africa’s cement king has shed more than $2.6 billion from his net worth since last year as a consequence of Nigeria’s floundering stock market. But don’t feel sorry: Dangote still remains the richest man on the continent.  He famously started trading commodities three decades ago with a business loan from an uncle, then went on to build the $15 billion (combined market capitalization) Dangote Group which now has interests in everything from sugar refineries, flour milling, salt processing and cement plants in Nigeria, Zambia, Senegal, Tanzania and South Africa.

Nicky Oppenheimer & family, $6.8 billion  South Africa, Diamonds

Nicky Oppenheimer & family

Last November, Oppenheimer agreed to a historic sale of his family’s 40% stake in De Beers, the world’s largest producer of rough diamonds to Anglo American in a $5.1 billion deal. Oppenheimer has vowed to invest a substantial part of the money in Africa. So far, he has invested heavily in Tana Africa Capital, a $300 million private equity joint venture with Singapore state investor Temasek Holdings. The fund will invest primarily in the agricultural and consumer goods sectors across Africa. Passionate cricketer.


Nassef Sawiris, $5.1 billion   Egypt, Construction

Nassef Sawiris

Nassef Sawiris, the youngest son of Orascom conglomerate founder and fellow billionaire, Onsi Sawiris, heads Orascom Construction Industries, one of Egypt’s largest publicly-traded companies. Sawiris also owns substantial stakes in cement companies Lafarge and Texas Industries.


Johann Rupert & family, $5.1 billion South Africa, Luxury Goods

Johann Rupert & family

Mike Adenuga, $4.3 billion Nigeria, telecom, banking, oil

Mike Adenuga

Reclusive tycoon was the first Nigerian to strike oil in commercial quantities through his firm, Conoil Producing. Today, the company is Nigeria’s largest indigenous oil exploration company producing some 100,000 barrels per day. Also owns Globacom, Nigeria’s second largest mobile telecom operator which boasts over 15 million active subscribers.


Naguib Sawiris, $3.1 billion  Egypt, Telecom

Naguib Sawiris


Christoffel Wiese, $3.1 billion South Africa, Retailing

Christoffel Wiese



Onsi Sawiris, $2.9 billion Egypt, construction, telecom

Onsi Sawiris


Miloud Chaabi, $2.9 billion Morocco, Real estate


Patrice Motsepe, $2.7 billion South Africa, Mining

Patrice Motsepe

Born in the sprawling black township of Soweto and then trained as a lawyer, he became the first black partner at Bowman Gilfillan law firm in Johannesburg. Went on to found a small contracting business doing mine scut work, then bought low-producing gold shaft mines in 1994 which he turned profitable using lean management style. Today, his $5 billion (market cap) African Rainbow Minerals (ARM) has interests in platinum, nickel, chrome, iron, manganese, coal, copper and gold. Motsepe owns over 41% of the company. Also owns a 5% stake in Sanlam, a financial services firm outside Cape Town.


Othman Benjelloun, $2.3 billion  Morocco, banking, insurance

Othman Benjelloun


Mohamed Mansour, $1.7 billion Egypt, Diversified

Mohamed Mansour


Anas Sefrioui, $1.6 billion Morocco, Real estate



Yasseen Mansour, $1.6 billion Egypt, Diversified

Yasseen Mansour


Youssef Mansour, $1.5 billion Egypt, Diversified

Youssef Mansour


Mohamed Al Fayed, $1.3 billion  Egypt, retailing

Mohamed Al Fayed











Thursday, 08 March 2012 15:38

The Black Billionaires 2012 Forbes List


"The Richest Black person in the world is Sheikh Mohammed Al-Amoudi according to forbes list" - Afripol

Nigerian billionaire Aliko Dangote is no longer the richest black person in the world. He’s been ousted by Ethiopian-born Saudi billionaire Sheikh Mohammed Al-Amoudi who is worth an estimated $12.5 billion. That’s $1.3 billion richer than Dangote.


American TV mogul Oprah Winfrey remains the only black female billionaire in the world. Of the 1,226 people who made it to the 2012 FORBES list of the world billionaires, only 6 are black. These are 6 who made the cut:


Mohammed Al-Amoudi, $12.5 billion

Mohammed Al-Amoudi

Saudi Arabia. Oil

Born to a Saudi father and Ethiopian mother, Mohammed Al-Amoudi immigrated to Saudi Arabia as a child where he made a fortune handling lucrative construction contracts for the Saudi Royal family. He subsequently invested in Sweden, Morocco and Ethiopia. His most prominent assets include oil companies Svenska Petroleum Exploration, which produces crude oil in Africa, and refinery operator Preem.  Al-Amoudi stays committed to the country of his birth: Ethiopia. In February, he announced a $3.4 billion investment in Ethiopia via his newly formed Derba conglomerate. The funds will be invested in agriculture, cement production, steel and transport. He also owns gold mines in the country and the very prestigious 5-star Sheraton Hotel, Addis. Passionate soccer fan.


Aliko Dangote, $11.2 billion

Aliko Dangote

Nigeria. Sugar, Cement, Flour

Dangote loses his position as the world’s richest black man, but he remains Africa’s wealthiest individual nevertheless. He shed more than $2.6 billion from his net worth since last year as a consequence of Nigeria’s floundering stock market. His $15 billion (market cap) Dangote Group is Nigeria’s largest industrial conglomerate, with interests in everything from sugar refineries, flour milling, salt processing and cement plants in Nigeria, Zambia, Senegal, Tanzania and South Africa. Passionate philanthropist has given away millions to education, health and social causes.


Mike Adenuga, $4.3 billion

Nigeria. Telecom, banking, oil

Adenuga started off trading lace and Coca-cola before Nigeria’s former military president, Ibrahim Babangida took him under his wing. Adenuga was subsequently rewarded with lucrative oil blocks which changed his fortunes forever and saw him become the first Nigerian to strike oil in commercial quantities in the early 1990s. Today, his Conoil Producing Company is Nigeria’s largest indigenous oil exploration company. Daily production: 100,000 barrels per day. New ambition: Striving to build Africa’s largest mobile telecommunications network. His mobile phone operator, Globacom, already has over 15 million subscribers in Nigeria and over 500,000 in Benin Republic.


Patrice Motsepe, $2.7 billion

South Africa. Mining

South Africa’s first black billionaire trained as a lawyer at the University of Witwatersrand and went on to become the first black partner at storied Johannesburg law firm, Bowman Gilfillan. He later founded a small contracting business doing scut work, then acquired low-producing gold shaft mines in 1994. He turned the shafts profitable using lean management style. Today he is the Executive chairman of African Rainbow Minerals (ARM), a South African mining company with interests in platinum, nickel, chrome, iron, manganese, coal, copper and gold. He owns 41% of the company. Also owns Mamelodi Sundowns, a South African Football Club.


Oprah Winfrey, $2.7 billion

USA. Television

The Queen of all media is having a difficult time working her magic on OWN- the lifestyle-themed cable network she founded in a joint venture with Discovery Communications. The network completed its first full year, marked by ratings disappointments and turnover at the top. Never mind: She’s still the world’s richest black woman. In January, her Oprah Winfrey Leadership Academy in South Africa graduated its first set of students.


Mo Ibrahim, $1.1 billion

United Kingdom. Telecoms

The Sudanese-born telecoms magnate conceptualized an unorthodox approach to solving Africa’s leadership problems. Through his Mo Ibrahim Foundation, he awards $5 million annually to democratically-elected African leaders who deliver the dividends of good governance to their people and equally transfer power to their successors in democratic fashion. Mo made his fortune by founding Celtel, a mobile a mobile phone company that serves 23 countries in Africa and the Middle East. He sold it off in 2005 for $3.4 billion. He subsequently founded Satya Capital, a $150 million private equity firm which invests solely in African companies. Enjoys smoking pipe.



Monday, 21 November 2011 16:10


Aliko Dangote, the Nigerian commodity trader, who owns facilities throughout Africa is once again the richest African as rated by Forbes Magazine


1 Aliko Dangote, Nigeria

Worth: $10.1billion

Age: 54

Business: Food and cement

Nigerian commodities titan Aliko Dangote is also Africa's cement king. In late 2010, he listed Dangote Cement on the Nigerian Stock Exchange. The company integrated Dangote's cement investments across Africa, including Benue Cement, formerly listed on the Nigerian Stock Exchange. It's now the largest company on the Nigerian exchange, with a market capitalization of $10 billion. In August, Dangote received approval from the Central Bank of Nigeria to invest $4 billion to build a new cement facility in the Ivory Coast. He's also building a $115 million cement plant in Cameroon, and owns plants in Zambia, Senegal, Tanzania and South Africa, among others. Dangote started trading commodities more than three decades ago after receiving a business loan from his uncle. He then built the Dangote Group - a leading West African conglomerate with interests in cement manufacturing, sugar refineries, flour milling and salt processing. Venerable philanthropist has given away millions to education, health and social causes.


2 Nicky Oppenheimer, South Africa

Worth: $6.5billion

Age: 66

Business: Diamonds

Africa's diamond magnate Nicky Oppenheimer made a momentous decision in early November to sell his family's 40% stake in De Beers, the world's largest diamond producer, to mining behemoth Anglo American for $5.1 billion. (Anglo American already owns 45% of DeBeers.) The all-cash deal will mark the end of the Oppenheimers' control of De Beers, a relationship that began when Nicky's grandfather, Ernest Oppenheimer, took over the firm in 1927. After struggling through the recession as demand for luxury goods sagged, De Beers appears to have righted the ship. Revenues surged 53% to nearly $5.9 billion in 2010 vs. 2009. Such impressive performance has led some analysts to assert that the offer from Anglo American, a firm that was founded by Nicky's grandfather in 1917, undervalues De Beers. However, says Nicky, "Anglo American is the natural home for our stake." Oppenheimer's passions include flying helicopters, cricket, and conservation. He owns the Tswalu Kalahari Reserve, the largest private game reserve in South Africa.


3 Nassef Sawiris, Egypt

Worth: $4.75billion

Age: 50

Business: Constuction

Nassef Sawiris runs Orascom Construction Industries, Egypt's most valuable publicly-traded company, which was founded by father Onsi. The construction and fertilizer company's shares fell almost one-third during the protests leading up to Egyptian President Hosni Mubarak's resignation in February. They later rallied to pre-revolution levels, but have slipped again. In addition to a sizable loan, the World Bank's IFC has made a $50 million equity investment in the company. In October, Sawiris hooked up with Brazilian billionaire Eike Batista's EBX Group to develop a nitrogen fertilizer plant in Brazil. Sawiris also owns big stakes in cement giant Lafarge, and Texas Industries.


4 Johann Rupert & family, South Africa

Worth: $4.7billion

Age: 61

Business: Luxury goods

Johann Rupert is South Africa's luxury goods billionaire. He serves as chairman and chief executive officer of Richemont, a Swiss holding company that controls brands such as Vacheron Constantin, Cartier, Alfred Dunhill, Montblanc and Chloé. In 2010 Richemont acquired online fashion portal Net-a-Porter for $343 million. Sales at the Richemont group have grown more than 30% since earlier this year, driven largely by economic resurgence off of recession lows and increased demand for luxury goods in Asia. Rupert also chairs South Africa-based Remgro Ltd and Reinet Investments Manager. The latter was created in 2009 as a home for Remgro's stake in British American Tobacco after the firm went public. While British American Tobacco still accounts for nearly 85% of Reinet's net asset value, the firm is taking steps to diversify by investing British American dividend payments across several industries. An avid golfer, Rupert had only played 21 times this year through mid-October due to his busy work schedule. He recently made headlines due to his opposition to Royal Dutch Shell's planned hydraulic fracturing operations in the Karoo region of South Africa, where he owns extensive conservation land.


5 Mike Adenuga, Nigeria

Worth: $4.3billion

Age: 58

Business: Oil

A reclusive tycoon, Mike Adenuga runs Conoil Producing, the first Nigerian company to strike oil in commercial quantities in the early 1990s. Today Conoil Producing is Nigeria's largest oil exploration company, producing an estimated 100,000 barrels per day. The "Guru" also owns Globacom, Nigeria's 2nd largest mobile telecom operator. He made his first million at the age of 26 selling lace and distributing soft drinks, but hit it big through the benefaction of Nigeria's former military president, Ibrahim Babangida. During Babangida's regime, Adenuga cornered lucrative contracts to build military barracks and was awarded an oil prospecting license. Notoriously private and extremely security conscious, Adenuga moves with a retinue of bodyguards and gets chauffeured only in bulletproof cars. In Nigeria he is widely believed to be a proxy for the financial interests of former president Babangida.


6 Miloud Chaabi, Morocco

Worth: $3billion

Age: 82

Business: Housing and hotels

Miloud Chaabi got his start in 1948 developing housing, then expanded through Ynna Holding into hotels, supermarkets, and renewable energy. Chaabi was a member of Parliament, where he was dubbed the "red capitalist," when he allied himself with the socialist party. He doesn't shy away from lashing out in the press at competitors and corrupt practices. In the wake of the Tunisian uprising, Chaabi said that Morocco had its own Trabelsis (the deposed Tunisian dictator's in-laws who allegedly enriched themselves). He railed at billionaires "born overnight...who treat themselves with land they obtain at symbolic prices." In February, he marched to Parliament with protesters demanding an end to political and business corruption—and distributed his own bottled water at the demonstration.


7 Naguib Sawiris, Egypt

Worth: $2.9billion

Age: 57

Business: Telecoms

Naguib Sawiris, the eldest son of Egyptian billionaire Onsi Sawiris, built Orascom Telecom, then sold the family's stake to Russian and emerging market telecom giant VimpelCom in April for $6.5 billion in shares and cash, becoming one of VimpelCom's largest shareholders in the process. He's looking to invest in telecom again. He also delved into Egyptian politics, forming the Free Egyptians party in April to promote free markets and a secular platform. His ill-advised tweet in June picturing a bearded Mickey Mouse and a veiled Minnie earned him death threats from Muslim extremists.


8 Christoffel Wiese, South Africa

Worth: $2.7billion

Age: 70

Business: Retail

South Africa's Christoffel Wiese, known as Christo, is the chairman and the largest single shareholder of the continent's biggest retailer, low-price supermarket chain Shoprite. He also owns 44% of discount clothes, shoes and textiles chain Pepkor (slogan: "Making the desirable affordable"), where he sits on the board. In March, he bought several hundred million dollars of shares in private equity investor Brait. Other interests: Wiese restored a South African farm estate and remodeled it into a five-star hotel, Lanzerac Manor & Winery. He replanted the vineyards around it, created a modern cellar and has been making wine. Also owns wine producer Lourensford Estate and a private game reserve in the Kalahari.


9 Onsi Sawiris, Egypt

Worth: $2.6billion

Age: 81

Business: Construction, telecoms

Onsi Sawiris is the patriarch of Egypt's wealthiest family. The Egyptian government nationalized his first construction business in 1971. Undeterred, he rebuilt what became Orascom Construction Industries. His son Nassef took over in 1995. Another son, Naguib, built a separate telecom company, while son Samih went into hotels and real estate. Onsi Sawiris now owns shares in Russian mobile operator VimpelCom, following its acquisition of the family stake in Orascom Telecom in April 2011. All three Sawiris sons appear on the Forbes Richest Africans list; Nassef and Naguib are billionaires.


10 Patrice Motsepe, South Africa

Worth: $2.5billion

Age: 49

Business: Mining

Mining magnate Patrice Motsepe is South Africa's first and only black billionaire. He built a $1.8 billion (sales) publicly traded mining conglomerate, African Rainbow Minerals (ARM), with interests in platinum, nickel, chrome, iron, manganese, coal, copper and gold. The share price of ARM has dropped more than 20% since mid-February, shaving $800 million from Motsepe's net worth on the 2011 Forbes World's Billionaires list. Born in the sprawling black township of Soweto and then trained as a lawyer, he became the first black partner at Bowman Gilfillan law firm in Johannesburg, and then started a contracting business doing mine scut work. He bought low-producing gold mine shafts in 1994 and turned them profitable using lean management style. He benefited from South Africa's Black Economic Empowerment (BEE) laws, which mandate that companies be at least 26% black-owned in order to get a government mining license. Motsepe also holds a stake in Sanlam, a publicly traded financial services company outside Cape Town; he sits on the board.

News and Pictures Source: Forbes Magazine

A Nigerian and Two south Africans made the Forbes' List : Ngozi Okonjo-Iweala was ranked 87th, Maria Ramos ranked 93 and Nonkululeko Nyembezi-Heita ranked 97

Dr. Ngozi Okonjo-Iweala, a Nigerian, " made headlines when she left the World Bank in July, where she was a managing director and the second-in-command, to become the finance minister of Nigeria. While it shocked some supporters who saw her as a contender for the Bank's top job, it also brought a sense of deja-vu. From 2003 to 2006 she served as finance minister of Nigeria under President Olusegun Obasanjo, whose administration was known for liberalizing the Nigerian economy, building close ties with the U.S. and closer ties with prominent Nigerian businessmen. Okonjo-Iweala's main achievement was to secure a debt write-off of $18 billion from Nigeria's creditors."  At the moment she was appointed Minister of Finance and head of several Economic Groups by President Jonathan. She is probably the most powerful woman in Nigeria.

Maria Ramos, South African,  "In the first half of 2011, Maria Ramos managed a 19% rise in profits at Absa Group, majority-owned by Barclays and South Africa's largest bank, and despite continued lending caution expects the second half to follow suit. This year the economics-trained chief began the integration of Barclays and Absa's African units as part of its "One Bank in Africa" strategy and to push regional growth. Before coming to Absa in 2009, Ramos had a rich public-sector career. She was the Group Chief Executive of Transnet Limited, the state-owned rail, pipeline and ports agency. From 1996 to 2003, Ramos served as South Africa's director general of the National Treasury for its first post-apartheid government. She moves between a high-octane job and high-profile life, married to South African politician Trevor Manuel, who served as finance minister for over a decade."

Nonkululeko Nyembezi-Heita, South African: "A tough year for ArcelorMittal South Africa's CEO, which reported drooping returns and pessimistic projections for coming quarters in late July when stock prices hit their lowest low since 2008, slumping to roughly $9/share. Nyembezi-Heita told investors that she's keeping a close eye on the economic situation worldwide and its effects on the mining industry in her country but says much of the trouble can be attributed to a slowdown in construction. Fiftyone-year old Nyembezi-Heita has led the South African arm of the global steel company, based in Luxembourg, since 2008. Arcelor Mittal South Africa is the largest producer of steel on the continent with a production capacity of 7.8 million tons annually."

This year's No. 1 in the ranking, German Chancellor Angela Merkel -- recognized as the "undisputed" leader of the EU -- is key to curing what ails the euro zone. As the Arab spring turns into the autocrats’ summer, No. 2-ranked U.S. Secretary of State Hillary Clinton provides encouragement to dissidents, while Facebook's Sheryl Sandberg (No. 5) and Twitter’s Katie Jacobs Stanton (No. 56) empower the rebels storming the barricades with an uninterrupted newsfeed -- or a way to report in 140 characters or less.

Ngozi Okonjo-Iweala

Maria Ramos Ramos


Nonkululeko Nyembezi-HeitaHeita

Michele Bachmann (No. 22) is rocking the 2012 presidential race while Sarah Palin (No. 34) is still playing coy. We have lots of business leaders too: women from Silicon Valley and Wall Street and Main Street; entrepreneurs of import, like HTC’s Cher Wang (No. 20), Zhang Xin (No. 48), billionaire cofounder of real-estate empire SOHO China, and media marquise Arianna Huffington (No.31).

The Power 100 Women are not just newsmakers -- they are custodians of the news. Jill Abramson (No. 12) makes her first appearance as new executive editor of the New York Times. BBC News, run by Helen Boaden (No. 51), reaches some 34 million viewers weekly. Probably best known are the televised journalists: ABC's Christiane Amanpour (No. 44) and Diane Sawyer (No. 47), Ann Curry of TODAY (No. 66) and On The Record's Greta Van Susteren (No. 75).

Other famous faces make the list this year because they have exploited their celebrity status to build global businesses or champion humanitarian causes. Lady Gaga (No. 11) raised over $200 million to fight HIV/AIDS while Angelina Jolie (No. 29) continues her work as a U.N. ambassador.

The United Nations counts two power women in the ranks: Josette Sheeran (No. 30) of the World Food Programme, the world's largest humanitarian agency, and Helen Clark (No. 50) of the UN Development Programme. Other nonprofit leaders include CARE USA's Helene Gayle (No. 36) and Judith Rodin (No. 71) president of the 98-year-old Rockefeller Foundation.

German Chancellor, Angela Merkel, centre, inspects a guard of honor, during her visit to the state house,  in Abuja, Nigeria, Thursday, July 14, 2011. The German chancellor says her country wants to boost energy partnership with Africa's top oil producer. Angela Merkel told journalists at the presidential palace in the West African country's capital Thursday that Nigeria and Germany are to set up a commission primarily aimed at boosting energy partnership between the two nations.

German Chancellor Merkel ranked number one in the list

Ten percent of the list has bank accounts in the 10 figures, including the self-mades Oprah (No. 14) and J.K. Rowling (No. 61). These billies do more than just eat bonbons: Walmart heiress Alice Walton (No. 85) is opening her preeminent collection of American art to the public with the Crystal Bridge Museum on 11/11/11, while Georgina Rinehart (No. 19), the richest woman in Australia--and said to be on track as the richest person in the world in 2012--is using her wealth to campaign against national environmental reforms and taxes.

Christine Lagarde (No. 9), France's former finance minister, for example, is now managing director of the I.M.F., and Ngozi Okonjo-Iweala (No. 87) switched from the World Bank to finance minister of Nigeria. Susan Wojcicki (No. 16) was upped to SVP at Google and Denise Morrison (No. 80) was promoted from COO to CEO for Campbell Soup. She's one of 29 CEOs here. Dilma Rousseff (No. 3) and Yingluck Sinawatra (No. 59) were elected as president of Brazil and prime minister of Thailand, respectively, now in a club of eight heads of state on the list.

Many powerful women were missing in the list including President Ellen Johnson Sirleaf of Liberia, Obiageli "Oby" Ezekwesili, a Nigerian national, Vice President for the World Bank's Africa Region and wife of Nelson Mandela, Graca Machel.

THE LIST: (The World’s 100 Most Powerful Women)

Picture credits:  Forbes

Information credit: Forbes, Huffington Post

Fourteen Africans made Forbes billionaires ranking list - 2 Nigerians, 8 Egyptians and 4 South Africans

Forbes yearly billionaires list has ranked Aliko Dangote, the Group President/CEO of Dangote as the richest Nigerian and African with a net fortune quantified at $13.8 billion. He moved from previous ranking list in the world from 436 to 51 in 2011 and that is a meteoric rise.

Together with Alhaji Aliko Dangote and other 13 Africans including another Nigerian, Mike Adenuga with a net worth of $2 billion, eight Egyptians and four South Africans made the 2011 ranking list. In the Forbes global list of billionaires, Aliko was ranked number 51 while Mike Adenuga was listed at number 595 out of 1140.

Forbes ranking list documented that Alhaji Aliko Dangote, "The Nigerian businessman's fortune surged 557% in the past year, making him the world's biggest gainer in percentage terms and Africa's 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 Exchange's total market cap. Already the continent's 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."

While on  Mike Adenuga Mike Adenuga, Forbes commented on the 57 years capitalist emergence," 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 he's 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."

Aliko Dangote also made the 2011 list of Afripol most influential Africans.