Africa’s 50 Richest: The Newcomers

F2FA Nov 20, 2014 at 11:47am

November 20, 2014 at 11:47 am | News

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F2FA

November 20, 2014 at 11:47 am | News

Forbes yesterday reported six newcomers to its annual list of “Africa’s 50 Richest“. Nigeria and Morocco had the highest newcomers at two each, with Kenya and Egypt producing one each.

 

king-mohamed-VI-1s1jcp2The wealthiest newcomer with a reported net worth of $2.1 billion is King Mohammed VI of Morocco, who made his fortune from stakes in a mining company Managem Corp, sugar producer Cosumar, and a 40% stake in a Moroccan investment holding company which owns almost half of Attijariwafa, Morocco’s largest bank.

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