Thursday, December 16, 2010

4# Mohammad Al Amoudi

Richest Rappers 2011-Forbes Wealthiest Hip Hop Artists: Mohammed Al Amoudi

1. Sean "Diddy" Combs


Net Worth $475 Million -(as of March 2011)
May 2010 to May 2011 Earnings according to Forbes: $35 Million
May 2009 to May 2010 Earnings according to Forbes: $30 Million

Formerly Known as Puff Daddy. Diddy's business ventures, along with his career as a rapper, made him the richest rapper on the planet, built fortune chiefly through clothing line Sean John, record label Bad Boy and Ciroc Vodka. Acting gigs, television shows and guest appearances add to coffers. he told Forbes in 1999: "I'm gonna be bigger than David Geffen." Not there yet.

2. Shawn " Jay-Z" Carter


Net Worth: $450 Million-(as of March 2011)
May 2010 to May 2011 Earnings according to Forbes: $37 Million
May 2009 to May 2010 Earnings according to Forbes: $63 Million

99 Problems rapper and Beyonce's husband sold Rocawear clothing label for $204 million in 2007; signed 10-year $150 million Live Nation deal in 2008. Now boasts an impressive portfolio,
including shares in the New Jersey nets as well as his input in fashion, music and restaurant businesses. For more on the business of hip-hop, check out Zack's new Jay-Z biography, Empire state of Mind, at http://jayzbook.com

3. Andre "Dr Dre" Young

Net Worth : $125 million-(as of March 2011)

May 2009 to May 2010 Earnings according to Forbes: $17 million

Super producer/rapper, Dr. Dre may not have put out a new album in the last 10 years, but the rapper and producer has reaped the rewards from his business. helped launch carees of snoop Dogg, Eminem, 50 Cent. Expanded wealth with Aftermath record label, Beats headphones and HP laptop line.

4. Curtis "50 Cent" Jackson

Net Worth $100 million-(as of march 2011)

May 2009 to May 2010 Earnings according to Forbes: $8 million

50 Cent has made it to the top five particularly for his business-sawy, as the rapper got a neat nine-figure payout from the sales of Vitamin Water, when it was sold to Coca cola; spent freely on cars, renovations to the mansion formerly owned by Mike Tyson. Cushion remains from catalog, acting gigs and 50 Cent-themed video games, books, clothes and headphones. Future Billionaire? He told Forbes in 2008. "It's probably going to take me 10 years"

5. Bryan "Birdman" Williams
Net Worth: $100 million-(as of March 2011)

Bryan "Birdman" Williams, Co founded Cash Money Records with brother Ronald and inked $30 million distribution deal with Universal in 1998; affiliated Young Money lineup now includes rappers Lil Wayne and Nicki Minaj. Lyrical boasts ("Richer than the richest!") are simply not true. Bird is tie with 50 cent according to Forbes, both estimated to be worth $100 million

Saturday, July 5, 2036

Africa’s Billionaires of 2011 – Nigerian Emerges as Africa’s Richest Man

Africa’s Billionaires of 2011 – Nigerian Emerges as Africa’s Richest Man

March 27, 2011 by Website Admin · 2 Comments

Africa’s Billionaires on the Forbes list made records this year with a few surprises. 6 new Billionaires added to last year’s list of 11 bringing them to 17 Billionaires. Topping the list is Nigeria’s Aliko Dangote who displaced Ethiopian Self Made Billionaire, Mohammed Al Amoudi as Africa’s Richest man.

Although no other countries from Africa added to the list this year, Egypt managed to double its Billionaires from 4 to 8. Nigeria and South Africa also gained 1 new billionaire addition to the list. Overall African Billionaires on this year’s list are worth a combined 71 Billion, with last year’s billionaires alone increasing their wealth by a combined 18 Billion. The biggest increase was experience by our new Richest man, Dangote who made 10.7 Billion, putting him at the top of the list making him number 51 on the World’s Richest list.

NameAfrica RankForbes RankNet WorthAgeSourceCountry of Citizenship/HomeTown
Aliko DangoteAliko Dangote151$13.8 B53sugar, flour, cementNigeria
Mohammed Al AmoudiMohammed Al Amoudi263$12.3 B66oilSaudi Arabia/Ethiopia
Nicky Oppenheimer & familyNicky Oppenheimer & family3136$7 B65De BeersSouth Africa
Nassef SawirisNassef Sawiris4182$5.6 B50constructionEgypt
Patrick Soon-ShiongPatrick Soon-Shiong5196$5.2 B59generic drugsUnited States/South Africa
Johann Rupert & familyJohann Rupert & family6219$4.8 B60luxury goodsSouth Africa
Naguib SawirisNaguib Sawiris7310$3.5 B56telecomEgypt
Patrice MotsepePatrice Motsepe8336$3.3 B49MiningSouth Africa
Onsi SawirisOnsi Sawiris9393$2.9 B81constructionEgypt
Mohamed MansourMohamed Mansour10595$2 B63DiversifiedEgypt
Mike AdenugaMike Adenuga10595$2 B57telcom, banking, oilNigeria
Yasseen MansourYasseen Mansour11692$1.8 B49DiversifiedEgypt
Yasseen MansourYoussef Mansour11692$1.8 B65DiversifiedEgypt
Mohammed IbrahimMo Ibrahim11692$1.8 B64communicationsUnited Kingdom/Sudan
Christoffel WieseChristoffel Wiese12782$1.6 B69consumer retailSouth Africa
Samih SawirisSamih Sawiris13879$1.4 B54hotelsEgypt
Mohamed Al Fayed & familyMohamed Al Fayed & family14993$1.2 B78RetailEgypt

Africa’s Billionaires of 2010

March 12, 2010 by AVReporter · 214 Comments

It must be nice to be Ethiopian Self Made Billionaire, Mohammed Al Amoudi, Africa’s Richest man. His wealth grew by a billion despite the economic downturn. It is that time of year again and Forbes has put together a list of the World’s richest. On it are 11 Africans 4 from one family in Egypt, 4 from South Africa, 1 from Sudan, 1 from Nigeria and 1 from Ethiopia.

There was 1 new addition to the list this year, Samih Sawiris, son of Egyptian billionaire, Onsi Sawiris whose other 2 sons are on the list as well. Nigeria did loose a billionaire this year, Femi Otedola who had a bitter disagreement with fellow billionaire Aliko Dangote last year. Despite some major challenges, Dangote still made it on the list as the 9th richest man in Africa.

Photo By Hans Berggren

Africa’s Billionaires (No. 1)

  • Name: Mohammed Al Amoudi
  • Net Worth: 10 Billion
  • Origin: Ethiopia
  • Age: 65
  • Fortune: Self Made
  • Source: Oil
  • Education: N/A
    Forbes World Ranking #64

AP Photo

Africa’s Billionaires (No. 2)

  • Name: Nassef Sawiris
  • Net Worth: 5.9 Billion
  • Origin: Egypt
  • Age: 48
  • Fortune: Inherited and Growing
  • Source: Construction
  • Education: Bachelor of Science

Forbes World Ranking #127


AP Photo

Africa’s Billionaires (No. 3)

  • Name: Nicky Oppenheimer & Family
  • Net Worth: 5 Billion
  • Origin: South Africa
  • Age: 65
  • Fortune: Inherited
  • Source: Metals and Mining
  • Education: Bachelor of Arts / Science and Master of Arts

Forbes World Ranking #154


Photo from Forbes.com

Africa’s Billionaires (No. 4)

  • Name: Patrick Shoo-Shiong
  • Net Worth: 5 Billion
  • Origin: South Africa
  • Age: 58
  • Fortune: Self Made
  • Source: Generic Drugs
  • Education: Bachelor of Arts / Science; Medical Doctor

Forbes World Ranking #154


GIUSEPPE CACACE/AFP/Getty Images

Africa’s Billionaires (No. 5)

  • Name: Onsi Sawiris
  • Net Worth: 3.1 Billion
  • Origin: Egypt
  • Age: 80
  • Fortune: Self Made
  • Source: Construction
  • Education: N/A

Forbes World Ranking #307


AP Photo

Africa’s Billionaires (No. 6)

  • Name: Naguib Sawiris
  • Net Worth: 2.5 Billion
  • Origin: Egypt
  • Age: 55
  • Fortune: Inherited
  • Source: Telecom
  • Education: Bachelor of Arts / Science; Master of Science

Forbes World Ranking #374


Photo by 2010 FIFA World Cup Organising Committee South Africa/Getty Images

Africa’s Billionaires (No. 7)

  • Name: Johann Rupert & Family
  • Net Worth: 2.3 Billion
  • Origin: South Africa
  • Age: 59
  • Fortune: Inherited
  • Source: Luxury Goods
  • Education: Bachelor of Arts / Science

Forbes World Ranking #421


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Africa’s Billionaires (No. 8)

  • Name: Patrice Motsepe
  • Net Worth: 2.3 Billion
  • Origin: South Africa
  • Age: 48
  • Fortune: Self Made
  • Source: Mining
  • Education: Bachelor of Arts / Science; Doctor of Jurisprudence

Forbes World Ranking #421


PIUS UTOMI EKPEI/AFP/Getty Images

Africa’s Billionaires (No. 9)

  • Name: Aliko Dangote
  • Net Worth: 2.1 Billion
  • Origin: Nigeria
  • Age: 52
  • Fortune: Inherited
  • Source: Sugar, Flour, Cement
  • Education: N/A

Forbes World Ranking #463


Sipa Press/Newscom

Africa’s Billionaires (No. 10)

  • Name: Mohammed Ibrahim
  • Net Worth: 2.1 Billion
  • Origin: Sudan
  • Age: 64
  • Fortune: Self Made
  • Source: Communications
  • Education: Bachelor of Science/Electrical Engineering; Masters/Electrical Engineering

Forbes World Ranking #463


Arnd Wiegmann / Reuters

Africa’s Billionaires (No. 11)

  • Name: Samih Sawiris
  • Net Worth: 1.5 Billion
  • Origin: Egypt
  • Age: 53
  • Fortune: Inherited
  • Source: Hotels
  • Education: Bachelor of Science/Electrical Engineering; Masters/Electrical Engineering

Forbes World Ranking #655

Africa’s 11 Billionaires 2009

March 15, 2009 by AVReporter · 7 Comments

1. Mohammed Al Amoudi

FORBES RANKING: #43

Photo by asplundbild.com

Photo by asplundbild.com

Net Worth:$9.0 bil

Fortune:self made

Source:oil

Age:63

Country Of Citizenship:Saudi Arabia

Residence:Jeddah

Industry: Oil

Education:NA,

M arital Status:married, 8 children

Born in Ethiopia and now a Saudi citizen. Built fortune in construction and real estate in Saudi Arabia before betting on energy. Began investing in Sweden in 1974; owns Svenska Petroleum and Swedish refinery Preem. Has invested more than $2 billion in Ethiopia, from hotels to stevedoring. Hit jackpot with gold mine in the Oromo region of Ethiopia; it now produces 6 tons of gold annually, set to double production by 2010. Owns several properties in London and the U.S. Donated more than $1 million to the Clinton Foundation.

2. Patrick Soon-Shiong

FORBES RANKING: #87

Photo by SPH/The Business Times

Photo by SPH/The Business Times

Net Worth:$5.5 bil

Fortune:self made
Source: Generic Drugs
Age: 57

Country Of Citizenship:United States

Residence:Los Angeles, CA

Industry: Pharmaceuticals

Education:University of Witwatersrand, Bachelor of Arts / Science, University of Witwatersrand, Medical Doctor

M arital Status:married, 2 children

Dad was a village doctor in China; family immigrated to South Africa during WWII. Finished highschool at age 16; was a doctor by 23. Got only half-salary because of apartheid race rules. Joined UCLA faculty 1980; developed technique for inserting islet cells into pancreas to treat diabetes. Founded VivoRx; quit after fight with brother, investors. Took American Pharmaceutical Partners public 2001. Invented cancer drug Abraxane; nanotech drug is more potent, has fewer side effects. Split company in two in 2007: APP Pharmaceuticals creates hospital products, Abraxis BioScience develops drugs (shares flat in past 12 months). Sold APP Pharmaceuticals to German dialysis-clinic operator Fresenius for $5.6 billion including debt in July; netted $3 billion. Plans to donate $1 billion to create “the Bell Labs of health care.” Will hire mathematicians, physicists, computer scientists, doctors to build database of biological markers to better identify ailments, treatments.

3. Nicky Oppenheimer & family

FORBES RANKING: #98

Per-Anders Pettersson/Reportage by Getty Image

Per-Anders Pettersson/Reportage by Getty Image

Net Worth:$5.0 bil

Fortune:inherited

Source:De Beers

Age:63

Country Of Citizenship:South Africa

Residence:Johannesburg

Industry:Metals & Mining

Education:Christ Church, Oxford U, Bachelor of Arts / Science, Christ Church, Oxford U, Master of Arts

Marital Status:married, 1 child

Chairman of De Beers, world’s largest diamond producer, which had $5.9 billion in sales last year. Has been through a sea change over past five years: sold off a piece of De Beers’ South African operations to a black-empowerment group, first major ownership change in a century; welcomed its first black executive; and settled a long-standing price-fixing suit that prevented it from opening offices in the U.S. Sold off a third of family’s interest in mining giant Anglo American, founded in 1917 by grandfather Ernest. On behalf of De Beers, Oppenheimer courted Russian President Vladimir Putin in fall of 2006; two months later De Beers and Russia’s state-owned Alrosa diamond mining firm signed joint prospecting deal. With the demand dampening, the company bought fewer stones for resale from Alrosa last year. In December announced that production from its biggest open-pit mines in South Africa and Botswana, which had been running at full capacity, would be reduced until diamond demand recovers. His response to declining markets, “If you’re going through hell, keep going.”

4. Nassef Sawiris

FORBES RANKING: #196

MEIGNEUX/SIPA

MEIGNEUX/SIPA

Net Worth:$3.1 bil

Fortune:inherited and growing

Source:construction

Age:47

Country Of Citizenship:Egypt

Residence:Cairo

Industry: Construction & Engineering

Education:University of Chicago, Bachelor of Arts / Science,

Marital Status:NA,
Youngest son of Orascom conglomerate founder and fellow billionaire, Onsi Sawiris. Took over leadership of empire’s flagship construction and fertilizer division in 1998; Orascom Construction shares tumbled 80% over past year. Chief still bullish, projecting 50% increase in group revenues from projects in Gulf and North Africa; company also sitting on $1 billion cash war chest. Spun off group’s cement division 2 years ago to French giant LaFarge, landing Nassef a seat on the board and a 13% stake. University of Chicago grad launched boardroom battle last October at U.S. cement supplier Texas Industries, in which he holds 15% stake; succeeded in rallying shareholders to pass no-confidence votes against 2 board members to protest company’s poor performance, no one was ousted. Asking for board seat and chance to increase stake to 25%.

5. Naguib Sawiris

FORBES RANKING: #205

JEROME FAVRE/Bloomberg News /Landov

JEROME FAVRE/Bloomberg News /Landov

Net Worth:$3.0 bil

Fortune:inherited and growing

Source:telecom

Age:54

Country Of Citizenship:Egypt

Residence:Cairo

Industry: Telecommunications

Education:Swiss Federal Polytechnical Institute, Bachelor of Arts / Science, Swiss Federal Polytechnical Institute, Master of Science

Marital Status:married, 4 children

Eldest son of Orascom conglomerate founder and fellow billionaire Onsi Sawiris. Heads up Orascom Telecom, one of largest mobile providers in Middle East, Africa and South Asia. Telecom tycoon’s insatiable risk appetite backfiring; his personal fund, Weather Investments, saddled with $7.7 billion in debt from leveraged buyouts of Italian phone company Wind and leading Greek telecom companies Wind Hellas and Tellas three years ago. Sold 10% of fund to trio of private equity players for $1 billion last year to pay down debt. Not slowing down: in December paid a visit to Kim Jong Il to sign license agreement granting Orascom exclusive access to North Korea’s cell phone market; first mobile company to invest in the pariah state.

6. Aliko Dangote

FORBES RANKING: #261

Pius Utomi/AFP/Getty Images

Pius Utomi/AFP/Getty Images

Net Worth:$2.5 bil

Fortune:inherited and growing

Source:sugar, flour, cement manufacturing

Age:51

Country Of Citizenship:Nigeria

Residence:Lagos

Industry: Manufacturing

Education:NA,

Marital Status:NA,

Though initial offerings of his sugar and flour companies were oversubscribed in 2007, stocks in both have fallen nearly 70% since last February. Using his role as committee member on government economic advisory board to encourage federal government to rescue the nation’s capital markets. His conglomerate, the Dangote Group, has expanded its cement operations with new plants across Nigeria and as well as South Africa and Ethiopia. Sparring with new Nigerian billionaire Femi Otedola over oil and gas concessions; Otedola parried by buying up stock in Dangote’s companies. Dangote began career as trader at age 21 with loan from his uncle; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, and oil and gas. Closely linked to Nigeria’s former president Olusegun Obasanjo.

7. Mohammed Ibrahim

FORBES RANKING: #334

Source: Forbes.com

Source: Forbes.com

Net Worth:$2.0 bil

Fortune:self made

Source:communications

Age:NA

Country Of Citizenship:United Kingdom

Residence:London

Industry: Telecommunications

Education:NA,

Marital Status:NA,

Sudanese-born “Mo” founded Celtel, a mobile phone company that now serves 15 African countries. Sold it in 2005 for $3.4 billion; pocketed $1.4 billion. The London resident now spends his time on philanthropy and investing in Africa. Created Mo Ibrahim Foundation to award monetary prize to former African heads of state who have shown exemplary leadership in such areas as promoting political freedom; awarded first $5 million prize in October.

8. Onsi Sawiris

FORBES RANKING: #430

Image Source: Al-Ahram Weekly

Image Source: Al-Ahram Weekly

Net Worth:$1.7 bil

Fortune:self made

Source:construction

Age:79

Country Of Citizenship:Egypt

Residence:Cairo

Industry: Construction & Engineering

Education:Bachelor of Arts / Science,

Marital Status:married, 3 children

Founding patriarch of Egypt’s most famous business dynasty saw shares in primary holding, Orascom Construction Industries, plunge 80% over past year; remains chair. His 3 sons run construction, telecommunications and tourism divisions. Studied agriculture in college after lawyer father urged him to pursue farming. Found it boring, instead opened a small contracting firm in Upper Egypt. Construction baron forced to rebuild empire after it was nationalized by Nasser in 1960s.

9. Patrice Motsepe

FORBES RANKING: #559

Gianluigi Guercia/AFP/Getty Images

Gianluigi Guercia/AFP/Getty Images

Net Worth:$1.3 bil

Fortune:self made

Source:mining

Age:47

Country Of Citizenship:South Africa

Residence:Johannesburg

Industry: Metals & Mining

Education:Bachelor of Arts / Science, Doctor of Jurisprudence

Marital Status:married, 3 children

Johannesburg mining magnate is South Africa’s first black billionaire. 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 $875 million (sales) mining conglomerate, African Rainbow Minerals (ARM), with interests in a wide swath of minerals: platinum, nickel, chrome, iron, manganese and coal. 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. Also holds a 5.5% stake in Sanlam, a publicly traded financial services company outside Cape Town.

10. Femi Otedola

Pius Utomi/AFP/Getty Images

Pius Utomi/AFP/Getty Images

Net Worth:

$1.2 bil

Fortune:self made

Source:Energy

Age:42

Country Of Citizenship:Nigeria

Residence:

Industry: Energy

Education:NA,

Marital Status:married, 4 children

Politician’s son used a majority stake in African Petroleum to get himself appointed its chief executive last year. Now he plans to merge it with his private firm, Zenon, to create the continent’s largest oil company. Deal has stalled in the face of government concerns about a monopoly, with his assets temporarily frozen last year. Nigerian regulators lifted the ban in January. Conflict abounds in Otedola’s life: he claims his friend and fellow billionaire, Aliko Dangote, broke a gentleman’s agreement when he thwarted Zenon’s bid to buy Chevron’s local subsidiary in September. In retaliation, starting buying shares in Dangote’s publicly traded sugar company.


11. Johann Rupert & family

FORBES RANKING: #601

David Cannon/Getty Images

David Cannon/Getty Images

Net Worth:$1.2 bil

Fortune:inherited and growing

Source:luxury goods

Age:58

Country Of Citizenship:South Africa

Residence:Stellenbosch

Industry: Retail

Education:University of Stellenbosch, Bachelor of Arts / Science,

Marital Status:married, 3 children

Head of publicly traded Swiss luxury group Richemont, which owns Cartier, Dunhill and other premium brands. Stock down 70% since last February. His South African holding company, Remgro, is listing its stake in British American Tobacco on the Johannesberg exchange. But unbundling of the BAT stake will create pressure to find investments to replace the asset, say analysts. His private South African investment outfit, VenFin, finalized a much-anticipated deal to acquire British rugby club Saracens. With family relatives, owns two of South Africa’s best-known vineyards, Rupert & Rothschild and L’Ormarins; also owns one of the country’s most exclusive golf clubs.


4# Mohammad Al Amoudi

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Net Worth (US$ billion)

9

Country of Residence

Saudi Arabia

Industry

Energy

Companies

Saudi Amoudi Group

If ever there was a truly global entrepreneur, it must be Mohammad Hussein Al Amoudi. Born in Ethiopia to a Yemeni father, Al Amoudi was raised in Saudi Arabia and has invested a sizeable fortune in Sweden and North Africa.

He made his first fortune in construction and real estate before branching out into buying oil refineries in Morocco and Sweden - where he was honoured with the Royal Swedish Order of the North Star by King Carl XVI - and his native Ethiopia, where he bankrolls the national soccer team.

By the end of last year, the current economic crisis had taken a toll on a number of Al Amoudi's Swedish investments. The stock exchange lost over 30 percent of its value between August and December 2008, while the plummeting oil price hardly helped Al Amoudi's oilfield operations.

Yet while the Nordic region's biggest economy is still in recession as the global paralysis of credit markets undermines consumer spending and saps demand for Swedish goods, the stock exchange has bounced back to summer-2008 levels. And that's good news for investment behemoths such as Al Amoudi, who owns a broad portfolio of businesses not only in oil but also in mining, agriculture, hotels, hospitals, finance, operations and maintenance.

His holding and operating companies, Corral Group and the Midroc Group, employ more than 40,000 people. Corral Group has an investment portfolio in Europe and the Middle East that includes Preem Petroleum, the largest integrated petroleum company in Sweden, Svenska Petroleum & Exploration, SAMIR, Naft Services Company (Saudi Arabia) and Fortuna Holdings (Lebanon).

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