The Richest Youth in Africa And Their Contribution to Country’s Economy

Who is the richest youth in Africa 2022 And their Contribution to Country’s Economy. The African continent is home to some of the world’s most innovative and ambitious entrepreneurs. From tech giants to real estate moguls, these young businesspeople are taking advantage of opportunities that weren’t available to them just a few decades ago.

But who is the richest youth in Africa 2022? This question has been on many people’s minds as they ponder how these wealthy individuals contribute to the economies of their respective countries. In this article, we will explore the African youth billionaires, their wealth sources and how their success has impacted the African economy; Who is the richest youth in Africa 2022

Aliko Dangote

Aliko Dangote is a Nigerian business magnate, investor, and philanthropist who is the founder and chairman of Dangote Group, an industrial conglomerate with interests in commodities. The group’s operations include cement manufacturing, sugar refining, flour milling, and salt processing. He is also the owner of National Oil Refining and Petrochemical Company Limited (Norpetro), a petroleum refinery in Lagos.

Dangote has an estimated net worth of US$10.3 billion as of April 2021, making him Africa’s richest man and the world’s 95th richest person. He has been ranked by Forbes magazine as the 67th most powerful person in the world and the 5th in Africa. He is also the chairman of Coca-Cola Bottling Company Limited (CCBCL) and a board member at MTN Nigeria Communications Limited.

Dangote was born on 10 April 1957 into a wealthy Muslim family in Kano State, Nigeria. His grandfather was Alhaji Sanusi Dantata, the first African to become a millionaire through export trade. After attending Al Hikmah University for his A-Levels, he transferred to King’s College London where he studied business studies before dropping out to focus on his business career.

In 1977, he founded his first company, Dangote Cement, with a loan from his uncle. The company initially imported bulk commodities such as rice and sugar before moving into manufacturing them locally.

Bishop David Oyedepo

Bishop David Oyedepo is among richest men in Africa. He is the founder and president of Living Faith Church Worldwide, also known as Winners’ Chapel. He was born on September 27, 1954, in Osogbo, Nigeria. His father was a civil servant and his mother was a trader. He is married to Faith Abiola Oyedepo and they have four children together.

Oyedepo is a well-known Christian author and preacher. He has written over 70 books, including best-sellers such as The Beginner’s Guide to Christ and How to Pray Effectively. He is also the founder of several educational institutions, including Covenant University and Landmark University.

In 2013, Forbes magazine estimated Oyedepo’s net worth to be $150 million. He is currently the richest pastor in Nigeria and the second richest pastor in Africa (after Nigerian pastor Chris Oyakhilome).

Abdul Samad Rabiu

Abdul Samad Rabiu is a Nigerian billionaire businessman and the founder of BUA Group, a conglomerate with interests in commodities trading, manufacturing, and infrastructure. He was born in Kano State to a wealthy family of traders, and he began his own trading business in 1988. He later diversified into manufacturing and infrastructure development.

Rabiu is one of the richest youth in Africa, with an estimated net worth of $3.5 billion as of 2020. He is also one of the continent’s leading philanthropists, having donated millions of dollars to support education, healthcare, and poverty alleviation initiatives in Nigeria.

In recent years, Rabiu has been working to grow BUA’s presence in the agriculture sector, with a focus on developing value-added products and services. The company has invested heavily in farmland and agricultural processing facilities across Nigeria. This has not only helped to boost BUA’s bottom line but also contributed to the country’s economic growth.

Patrice Motsepe

Patrice Motsepe is a South African mining magnate and the founder and chairman of African Rainbow Minerals. He is also the non-executive director of Harmony Gold, the largest gold mining company in South Africa. In 2012, he was named by Forbes magazine as one of the world’s 100 most powerful people. Given his age is he eligible for who is the richest youth in Africa 2022?

Motsepe was born in Soweto, Johannesburg, on 28 January 1962, the son of Augustine Motsepe, a schoolteacher, and Constance Motsepe, a healthcare worker. He has three sisters and one brother. Motsepe attended Tlokwe Senior Secondary School before enrolling at the University of Swaziland to study law. However, he dropped out after one year to pursue a career in business.

Who is the richest youth in Africa 2022 – This question remains valid even today.

In 1980, he started a small businesses called Lebo Mining with two other partners. The company initially supplied office equipment to local businesses but later began to supply industrial minerals to mines in the area. In 1982, Lebo Mining won a contract to supply copper concentrate to Palabora Mining Company. The deal made Motsepe a millionaire at the age of just 21.

After Lebo Mining was sold to Gencor in 1984, Motsepe founded Future Mining which operated coal mines in South Africa’s Mpumalanga province. Future Mining was sold to Anglo American for $44 million in 1997.

Isabel dos Santos

Isabel dos Santos is the eldest daughter of Angola’s former President Jose Eduardo dos Santos, who ruled the country for 38 years. She is Africa’s richest woman and the only female billionaire in Africa, with a net worth of $3.5 billion as of 2015.

Dos Santos started her career working in London for Urbana Investments, a consultancy firm owned by her father’s close friend. In 2001, she returned to Angola to run Sonangol, the state-owned oil company. Under her leadership, Sonangol became embroiled in corruption allegations, and she was forced to step down in 2016.

Despite her controversial tenure at Sonangol, Dos Santos remains one of Angola’s most influential people. She is a major shareholder in several Angolan companies, including telecommunications giant Unitel and Banco BIC. She has also invested heavily in Portugal, where she resides with her family.

In addition to her business interests, Dos Santos is a philanthropist and active supporter of gender equality. She established the Isabel dos Santos Foundation in 2009 to improve access to education and healthcare in Angola and so the question who is the richest youth in Africa 2022 does not apply to her.

Mohammed Dewji

Mohammed Dewji is a Tanzanian entrepreneur and philanthropist who, according to Forbes magazine, is the youngest billionaire in Africa. He is the founder and CEO of the MeTL Group, a conglomerate with interests in trading, manufacturing, agriculture, shipping, logistics, oil refining, and food processing. In 2013, he was named Tanzania’s Person of the Year by The East African newspaper and so qualifies to answer who is the richest youth in Africa 2022?

Dewji was born in Ipembe, Singida.  Tanzania, in 1975. He is the second of six children of Gulam abbas Dewji and Zubeda Dewji. They are Twelver Shias whose ancestors left Gujarat, India in the late 1800s to become traders in East Africa.. His father ran a small trading business. After completing high school, he studied economics at Georgetown University in Washington, D.C., before returning to Tanzania to join the family business. In 2002, he took over as CEO of the MeTL Group.

Under Dewji’s leadership, the MeTL Group has become one of the most successful businesses in Tanzania. It is now one of the country’s largest employers, with over 30,000 employees. The company has also been involved in a number of major infrastructure projects in Tanzania, including the construction of a new port and a railway line.

In addition to his business success, Dewji is also widely respected for his philanthropy. He has donated millions of dollars to education initiatives in Tanzania and has set up a foundation to provide scholarships for students from disadvantaged backgrounds. He has also built a state-of-the-art hospital in Dar es Salaam which provides free healthcare for children under five years old.