While a few African millionaires and billionaires may have more money than most of us can ever dream of, here are a handful of young Africans in their 20s and 30s who have built businesses and amassed enviable million-dollar fortunes.
Below is a list of the top 5 richest Africans in their 20s and 30s.
Mark Shuttleworth, South African
Founder, Knife Capital
When Shuttleworth was 22, he founded Thawte, a digital certificate and internet security company which he sold to VeriSign for $575 million in 1999, when he was 26. Shuttleworth used a fraction of his proceeds to start HBD Capital (now called Knife Capital), a Cape Town-based emerging markets investment fund.
HBD has made a series of successful exits including Fundamo, a mobile financial services company which was acquired by Visa for $110 million in 2011; and csense, which was acquired by GE Intelligent Platforms the same year. Shuttleworth also founded and funds Ubuntu, a computer operating system which he distributes as free open source software. Shuttleworth has a net worth north of $500 million.
Ashish Thakkar, Ugandan
Co-Founder and CEO, Mara Group
Thakkar, 29 is a co-founder and CEO of Mara Group – a Ugandan conglomerate with tentacles in financial services, hotels, renewable energy, technology and manufacturing. Mara Group operates in four continents and its annual revenues are approximately $100 million. Thakkar provides mentorship and seed funding to young East African entrepreneurs through his Mara Foundation. Also funds an independent charity focused on improving education quality in disadvantaged secondary schools in Uganda. The Mara Group recently signed a $300 million deal with the Tanzanian government to develop a 3.5 million square foot state of the art mini-city.
Ladi Delano, Nigerian
Founder and CEO, Bakrie Delano Africa
Ladi Delano made his first millions as a liquor entrepreneur while living in China. In 2004, at age 22, he founded Solidarnosc Asia, a Chinese alcoholic beverage company that made Solid XS, a premium brand of vodka. Solid XS went on to achieve over 50% market share in China. He sold the company for $15 million and invested his funds into his next venture-The Delano Reid Group, a real estate investment holding company focused on mainland China. He is the co-founder and Chief Executive Officer of Bakrie Delano Africa (BDA) – a $1 billion joint venture with the $15 billion (market cap) Bakrie Group of Indonesia. Bakrie Delano Africa is responsible for identifying investment opportunities in mining, agriculture and oil & gas and executing them.
Justin Stanford, South African
Founder & CEO, 4Di Group
Stanford is a software entrepreneur and venture capitalist. After dropping out off high school, Stanford set out to launch an internet security company which flopped. Today, Stanford’s ESET (a Slovakian anti-virus software package) Southern Africa operates the ESET brand in the region and sells ESET’s range of internet security products in about 20 sub-Saharan countries. Stanford’s ESET brand records over $10 million in annual turnover and controls 5% of the anti-virus market in Southern Africa. Stanford is also the founding partner of 4Di Capital, a Cape Town-based venture capital fund. He is also a co-founder of the Silicon Cape Initiative, a non-profit movement that aims to turn the Cape into Africa’s own Silicon Valley.
Magatte Wade, Senegalese
Founder, Adina World Beat Beverages & Tiossan
In 2004 Magatte Wade founded Adina World Beat Beverages, a San Francisco beverage company that manufactures coffee, tea and fruit juices using traditional beverage recipes across Africa and organic ingredients sourced from smallholder farmers in Africa and Asia. Within five years of launching, Adina raised over $30 million and the products began being sold by Whole Foods and United Natural Foods. Magatte stepped down from her position as CEO to grow her second company, Tiossan, a manufacturer of luxury skin care products based on indigenous Senegalese recipes.
Source: OMG Ghana
Nengi Reacts To A Tweet Wathoni Made About Her In 2017
BBNaija star, Rebecca Hampson Nengi reacts to a tweet made by fellow ex-housemate, Wathoni Ayansi about her in 2017.
Taking to her Twitter handle, Nengi wrote;
“Just saw this tweet Wathoni made about me in 2017.. made me smile @wathonianyansi love you b”
#ABetterTime: See Social Distance -Fans Shades Wizkid As Davido’s Album Surpasses 60 Million Streams
#LekkiMassacre: CNN Dares Nigeria Government, Updates Second Report (Video)
The Cable News Network, CNN seems not done with the President Muhammadu Buhari-led government with the television channel releasing another report on the shooting at the Lekki toll gate during the End SARS protests.
Recall that the Minister of Information and Culture, Lai Mohammed, called out CNN over its report on the incident.
He added that CNN was biased in its report and needs to be sanctioned.
The Minister also addressed a letter to the management of CNN in Atlanta.
The network, however, on Tuesday released the second report with more damning footage showing soldiers shooting at unarmed protesters on October 20, 2020.
The second report also shows the Commander, 81 Division, Brig.Gen Ahmed Taiwo, admitting before the judicial panel in Lagos that military men had live ammunition in their weapons while at the tollgate.
CNN also noted that the statement of Brig.Gen Taiwo contradicts that of the Minister who had claimed last week that the army fired blank bullets.
It was also revealed in the new report, the moment when protesters were running as soldiers open fire at the tollgate.
Watch video below;
— Ayemojubar 👠 (@ayemojubar) November 23, 2020
- Entertainment23 hours ago
Davido Celebrates Late Mom On Her Posthumous Birthday
- Entertainment23 hours ago
“Your Obsession With 2Face Will Be Your Death” – 2Face’s Brother Slams Blackface
- Entertainment24 hours ago
Blackface Drags Wizkid, Burna Boy For Stealing His Song
- National News22 hours ago
2020 Finance Bill Exempts Minimum Wage Earners From Tax: Buhari
- Entertainment7 hours ago
‘You Are A Disgrace’ – Actress Adesua Etomi Knocks Lauretta Onochie Over Her Tweet
- News Feed21 hours ago
“Marriage requirement is very high in Igboland” – Lady says her brother spent less than N50K on traditional marriage items to marry his wife from Benue
- National News23 hours ago
Court Remands Nigerian Senator, Ali Ndume, In Prison
- News Feed21 hours ago
Man narrates horrible experience with a slay queen in Abuja restaurant