The richest businessmen in Cameroon 2020 is proudly classified by Money Master Tutorials to inspire young entrepreneurs to aspire more in their wealth creation journey.
Several Cameroonians have succeeded in emerging into the exclusive class of dollar millionaires in French-speaking sub-Saharan Africa. Cameroon is one of the countries in sub-Saharan Africa and it is noteworthy that some of its rich citizens can be reckoned with amongst other wealthy people in French-speaking sub-Saharan Africa. (Richest businessmen in Cameroon).
As observed in various Forbes’ lists, no Cameroonian is yet to emerge into the exclusive class of African dollar billionaires. Nevertheless, this isn’t an indication that Cameroon doesn’t boast of wealthy citizens. It rather gives the impression that Cameroon’s wealthy magnates are still striving to become dollar billionaires.
Beyond doubts, Cameroon’s leading businessmen are making waves and they have established great empires in various sectors including distribution, construction, food, manufacturing, energy, and agriculture. Cameroonian magnates might not compare top Nigerian, South African and Egyptian magnates in terms of popularity but it is very obvious that they have contributed in no small measure to the growth of their country.
- Who Is The Richest businessman in Cameroon
One great sign that the richest Cameroonian magnates are making waves is that they amass millions of dollars annually. More so, some of them have succeeded in spanning their business operations beyond the confines of Cameroon.
Based on our recent findings, we have gathered vital information about the leading richest businessmen in Cameroon. The information is a well-researched list is up to date for 2018 as it shows the current net worth each of these wealthy businessmen has garnered for himself.
Baba Ahmadou Danpullo is Cameroon’s wealthiest businessman with the net worth of $940 million. Sadly, Samuel Eto’o (who is considered Cameroon’s most successful footballer) is not included in this list because we don’t have veritable information about his net worth. If you are keen to discover the other names on our list of Top 7 Richest businessmen in Cameroon, endeavour to read this article to the concluding line.
Top 7 Richest Businessen in Cameroon 2020
- 1. El-hadj Baba Ahmadou Danpullo
Baba Ahmadou Danpullo is the richest businessman in Cameroon and one of his notable sources of fortune is said to be his tea estates. His business career was marked by humble beginnings. Therefore, Baba Ahmadou Danpullo began as a truck driver who also owned a couple of shops.
The genesis of his massive business fortune began when he was granted the greatly desired license for the importation of flour and rice. Currently, he commands authority as the owner and leader of the Baba Ahmadou Group. Notably, the Baba Ahmadou Group is a voluminous conglomerate that controls the renowned Ndawara Tea Estate -West Africa’s biggest private tea estate.
in consequence of his diversified business dealings, Baba Ahmadou Danpullo is believed to have amassed great wealth. As a shareholder, his stake accounts for over 40% of Nextel and the Marble Towers.
In 2015, Forbes published a report identifying Baba Ahmadou Danpullo as the wealthiest businessman in French-speaking sub-Saharan Africa. This clarifies that Danpullo’s towering wealth is of great influence within and beyond Cameroon.
Danpullo’s diversified business empire covers real estate, telecommunication, and tea production.
Taking a look at his background, Ahmadou Danpullo was born in Boyo Division, North West Region. Meanwhile, his dignified presence has greatly transformed the lives of many. He is regarded in high esteem for having played key roles in terms of wealth contribution. Significantly, his wealth has had a hand in promoting the task of nation-building.
A self-made dollar millionaire, Ahmadou Danpullo is known to have magnified his fortune from the humblest of business beginnings. Today, he is precisely one of the most influential personalities in the French-speaking part of sub-Saharan Africa.
In his lifestyle, Ahmadou Danpullo is described as a practical, humble and loyal Muslim. Meanwhile, reports show that he has been donating funds to the development of basic amenities like electricity and water in the North West Region of the country.
It’s been reported that Ahmadou Danpullo built up his fortune through his massive experience cutting across petroleum, broadcasting, air transportation, etc. In previous times, he served as a petroleum transporter, Promoter of the ‘Unit Air’ as well as Cameroon’s Daewo Television.
Without doubts, Ahmadou Danpullo is committed to fulfilling his countrypeople’s demands most especially in the area of tea consumption. At the moment, the successful businessman owns one tea plantation in each of four areas being Ndawara, Djuttitsa, Tole, and Ndu. Also worthy of note is that Danpullo’s assets across the North West Region include ranches in Sangwan, Esu, and Ndawara.
Danpullo’s role in the communication sector distinguishes him as the Board Chairman of Nextel Cameroun -a mobile telephone company where he owns a 49% stake. Likewise in Cameroon’s media sector, El-hadj Danpullo serves as the Promoter of Dan Broadcasting System Television located in Douala. His developmental contributions have made his birthplace -Ndawara -a reliable go-to centre for eco-tourism. A build-up of developmental projects can be found ranging from one corner of Ndawara to the other. At the moment, Baba Ahmadou Danpullo has a net worth of $940 million, making him Cameroon’s richest businessman.
- 2. Paul Fokam Kammogne
Paul Fokam Kammogne is the second richest Cameroonian just behind first-placed Ahmadou Danpullo. He claims this feat with the net worth of $690 million. Meanwhile, his towering wealth is largely attributed to involvement in the banking industry.
Paul Fokam is a tycoon in Cameroon’s banking sector. He maintains his eminence as the originator of Afriland First Bank which is deemed one of the biggest banks in French-speaking Africa. In 2016, the revenue of Afriland First Bank was estimated around $1.1 billion. Today, the bank performs its operations through subsidiaries spanning across 8 African countries.
Although Paul Fokam is best known for his entrepreneurship success in the banking industry, the Cameroonian tycoon doubles up his wealth as the originator and owner of London-based Vox Africa -a popular African television station.
- 3. Samuel Foyou
Samuel Foyou holds the net worth of $450 million making him Cameroon’s third richest businessman. Beer production is considered the major source of his substantial wealth. Meanwhile, he is the reputed originator of BRASAF (Societe Brasserie Samuel Foyou) which is considered one of Cameroon’s biggest breweries.
As a business magnate with diversified dealings, Samuel Foyou has built a vibrant business empire that controls Biscuiterie Samuel Foyou (a company that produces confectioneries and biscuits), Sotrasel (a salt-making company), Plasticam (a plastic-recycling company) and Unalor (a company producing safety matches).
Although most of his assets are located in Cameroon, Samuel Foyou owns a number of foreign assets such as the Crystal Beach Hotel in the South African city of Cape Town.
- 4. Nana Bouba
Nana Bouba is a 68-year-old Cameroonian magnate whose wealth is mainly attributed to food production. Notably, he is the originator of Nana Bouba Group -a diversified company with specialties including construction, production of tomato concentrates, beverage making and beef processing. In 2016, Nana Bouba Group amassed the turnover of $350 million.
In wealth, Nana Bouba claims the total of $310 million, making him the fourth Richest businessman in Cameroon in Cameroon. More so, the 68-year-old tycoon is blessed with sons who manage the company on his behalf.
- 5. Sylvestre Ngouchinghe
Sylvester Ngouchinghe is a vibrant businessman whose wealth is mainly realized from trading in seafood. Regarded as the reputed owner of Congelcam SA, Sylvester Ngouchinghe maintains the net worth of $280 million which makes him the fifth Richest businessman in Cameroon. Conglecam SA operates through a massive staff (comprising over 2000 employees who help the company in the distribution and sale of seafood products).
Based on the information provided by Conglecam SA, the seafood company accumulates substantial annual revenues estimated in excess of $120 million.
- 6. Joseph Kadji Defosso
Joseph Kadji Defosso is one of the most successful industrialists in Cameroon and his substantial wealth is mainly attributed to the production of beer. He maintains a great reputation as the originator of UCB (Cameroonian Union of Breweries) which is Cameroon’s top brewery. Significantly, UCB controls fairly above 15% of Cameroon’s beer industry.
Through his control of Kadji Group, Joseph Kadji Defosso has made a great impact in the business sector. At the moment, he holds substantial net worth exceeding $200 million. In addition to beer production, Kadji Group is concerned with distribution, maritime transportation, flour milling, hotels, insurance, transit, and sport.
- 7. Mohamadou Bayero Fadil
Mohamadou Bayero Fadil is a successful magnate with diversified business dealings. His reputable business achievement distinguishes him as the CEO of Fadil Group -the company his father established in 1944. Meanwhile, Fadil Group is considered an operative agro-industrial consortium concerned with hotels, soap production, livestock farming and production of edible oils.
Although Mohamadou Fadil is best known for his control of Fadil Group, the fortunate tycoon doubles up his business wealth with the ownership of EMG (Equatorial Media Group). Notably, EMG is a media firm that has thrived in operating Camnews24 [a TV station] as well as the publication of Dikalo news journal.
Currently, Mohamadou Fadil has the net worth of $252 million, distinguishing him as the seventh richest businessman in Cameroon.
That’s all about the richest businessmen in Cameroon.