Forbes 2019 list has revealed some of the businesses that have propelled hard working African entrepreneurs into tycoons envied by many.
COMMODITIES(SUGAR,FLOUR,CEMENT)
Aliko Dangote from Nigeria has a networth of USD10.9 billion, his interest includes sugar, cement, flour.
Dangote Cement is Africa’s largest cement producer, which operates in eight countries. In addition, it’s the largest company listed in the Nigerian Stock Exchange.
MINING AND OIL
This sector features Nigerian born Mike Adenuga who’s the world’s second richest black person, South Africa’s only black billionaire Patrice Motsepe (worth USD2.3 billion), and another Nigerian Florunsho Alakija (worth USD1.1 billion) also has interest in the same field.
TELECOMS
Billionaires in the list with interests in the telecoms industry include Strive Masiyiwa (worth USD2.4 billion), Mike Adenuga, and Isabel dos Santos (worth USD2.3 billion).
INVESTMENTS
Patrice Motsepe owns a large stake in African Rainbow Capital, a private equity firm concentrating on investments in the financial services sector.
Isabel Dos Santos has a 25 per cent stake in Angolan Bank Banco BIC and just under 20 per cent of Portugal’s Banco BPI.
REAL ESTATE
Some of the billionaires who have companies with interests in the real estate sector include Abdulsamad Rabiu and Mike Adenuga.
Adenuga Company’s Cobblestone Properties owns prime residential and commercial property all over Nigeria.
Well they say money makes the world go round but for sure there is a path that it must follow .Hopefully if you are in this businesses then you have been inspired not to give up.