The richest man in Sudan in 2023
We have compiled a list of the five richest people in Sudan for the year 2023. This was achieved by carefully monitoring the financial activities of business tycoons in Sudan, including their sources of wealth and net worth.
For example, telecommunications magnate Mo Ibrahim founded Celtel International in 1998, which provided mobile phone services to Africa and the Middle East. The company’s success led to its acquisition by the Kuwait Mobile Telecommunications Company for more than $3 billion in 2005. This transaction not only made Ibrahim one of the richest Africans but also demonstrated the potential of growth of the telecommunications industry in Sudan.
Similarly, the other people on the list, such as Salih Abdelrahman Yagoub, Ahmed Abdellatif, Amin El-Nefeidi and Osama Daoud Abdellatif, have made significant contributions to the country’s economy through their various business ventures.
The five richest people in Sudan in 2023 are likely to have a combined net worth in the billions of dollars. These people have made their fortunes through various business ventures, including telecommunications, agriculture, real estate, and transportation, among others. By analyzing their sources of wealth and investments, this article highlights the importance of entrepreneurship and innovation in creating wealth and job opportunities.
The 5 richest men in Sudan in 2023
Here is the list of the top 10 richest men in Sudan in 2023:
Yes. No. |
The richest men |
|
1 |
Mo Ibrahim |
|
2 |
Osama Daoud Abdellatif |
|
3 |
Amin El-Nefeidi |
|
4 |
Ahmed Abdellatif |
|
5 |
Salih Abdelrahman Yagoub |
1. Mo Ibrahim
Mo Ibrahim is a wealthy African business tycoon known for his success in the telecommunications industry. Born in Sudan, he founded Celtel International in 1998, which was one of the first mobile phone companies to serve Africa and the Middle East.
Under Ibrahim’s leadership, Celtel International grew rapidly and became a major player in the telecommunications industry. The company provided affordable and reliable mobile phone services to millions of people across the region, revolutionizing the way people communicated and conducted business.
In 2005, Ibrahim sold Celtel International to Kuwait’s Mobile Telecommunications Company for more than $3 billion. This was a significant achievement and cemented Ibrahim’s status as one of Africa’s richest and most successful businessmen.
Ibrahim is also known for his philanthropic work and is the founder of the Mo Ibrahim Foundation, which supports good governance and leadership in Africa. Through the foundation, Ibrahim has provided financial support to numerous initiatives aimed at promoting democracy, human rights and economic development in Africa.
2. Osama Daoud Abdellatif
Osama Daoud Abdellatif is a diversified business leader who inherited an engineering and tractor company from his father in the 1960s. He took over the business and quickly expanded it into what is now known as DAL Group, the largest conglomerate in Sudan.
As president of DAL Group, Abdellatif has overseen the company’s expansion into various sectors, including food and beverage, agriculture, heavy equipment retail, automotive distribution, education and healthcare. With annual revenues exceeding $1.6 billion, DAL Group is a major player in Sudan’s economy and has earned a reputation as a trusted partner for businesses in the country.
Under Abdellatif’s leadership, DAL Group has continued to invest in new technologies, expand its operations and diversify its product portfolio. The company’s commitment to excellence and innovation has earned it numerous accolades, including recognition as one of Africa’s most admired brands. As an outstanding business leader, Abdellatif is widely respected for his strategic vision and entrepreneurial spirit, and continues to drive the growth and success of the DAL Group.
3. Amin El-Nefeidi
Amin El-Nefeidi is a diversified business leader and Chairman of the Elnefeidi Group, a prominent family-owned conglomerate in Sudan. The company was founded by Amin’s father, Bashir Elnefeidi, who started with a small soap shop in the local market and turned it into a larger wholesale outlet with the support of his brothers. By the 1970s the group had diversified into several sectors, including livestock, oil and transport.
Elnefeidi Group is best known for its transport division, which started with 15 Fiat trucks in 1988 but has since grown to become the largest inland logistics company in Sudan and one of the largest in Africa, with more than 600 trucks. and trailers. Today, Amin El-Nefeidi and his children run the company, which has annual revenues of more than $400 million and operates in several sectors, including agriculture, automotive, trade, food, logistics. , mining and the real estate sector.
Under the leadership of Amin El-Nefeidi, Elnefeidi Group has continued to expand its operations and increase its revenue. The company’s success in various sectors is a testament to its ability to adapt to market changes and identify lucrative opportunities. Elnefeidi Group’s commitment to excellence and innovation has earned it a reputation as a trusted and respected partner for businesses in Sudan and beyond.
4. Ahmed Abdellatif
Ahmed Abdellatif is a diversified business leader and Chairman of CTC Group, which is a group of limited liability companies based in Sudan. Established in 1956 under the name The Central Trading Co. Ltd, CTC Group began operations as a trading house specializing in agricultural products and general merchandise. Today, it has grown to become one of the largest business houses in Sudan.
With annual revenue exceeding $200 million, CTC Group is a major importer, trader and distributor of various products in Sudan. The company represents some of the world’s leading manufacturers of agricultural and construction machinery, consumer electronics, automobiles and fertilizers in the country. Its extensive product portfolio and extensive distribution network have earned it a reputation as a reliable and reputable partner for businesses in Sudan and beyond.
Under the leadership of Ahmed Abdellatif, CTC Group has continued to prosper and expand its operations, contributing to the economic growth and development of Sudan. The company’s success in various sectors is a testament to Abdellatif’s strategic vision and entrepreneurial spirit.
5. Salih Abdelrahman Yagoub
Salih Abdelrahman Yagoub, a diversified business magnate, is the founder and current Chairman of SAY Co. With a broad portfolio spanning various industries, the company generates an impressive annual revenue of over $100 million. The business conglomerate has operations in the industrial construction, commerce, retail and services sectors.
Yagoub, like other successful entrepreneurs of Africa’s older generation, began his career trading agricultural products and general merchandise. Since then, he has built his business empire through strategic investments in various sectors, demonstrating his acumen for identifying lucrative opportunities and adapting to market changes.
Yagoub’s entrepreneurial spirit has driven him to grow his business beyond the confines of Sudan, expanding SAY Co.’s presence in Africa and the Middle East. His success story serves as an inspiration to many aspiring business leaders in the region.
The richest man in Sudan
Mo Ibrahim is a Sudanese-born telecommunications magnate and philanthropist. He is best known for founding Celtel International, one of the first mobile phone companies serving Africa and the Middle East. After building the company into a successful business, he sold it to the Kuwait Mobile Telecommunications Company for over $3 billion in 2005. This sale made him one of the richest Africans in the world.
Following the sale of Celtel, Ibrahim turned his attention to philanthropy and created the Mo Ibrahim Foundation. The primary objective of the foundation is to support good governance and leadership in Africa by promoting and celebrating exceptional African leaders who have demonstrated excellence in governance and contributed to the development of their countries.
In addition to his philanthropic work, Ibrahim is also actively involved in global development initiatives. He has served on several high-level United Nations panels, including the High-level Panel on United Nations System-wide Coherence in the areas of Development, Humanitarian Assistance and Environment.
Mo Ibrahim’s success in the telecommunications industry and his commitment to promoting good governance and leadership in Africa have earned him several awards and honors. He has been named one of the 100 most influential people in the world by Time magazine and, in 2007, he received the Clinton Global Citizen Award for his leadership in building a more equitable society.
How are Sudan’s richest men shaping the country’s economy?
Sudan’s richest men are playing a crucial role in shaping the country’s economy. Their vast wealth and business empires give them significant influence across various industries and sectors, allowing them to make important economic decisions that impact the lives of millions of people in Sudan.
Many of Sudan’s richest people have built their fortunes through diversified business interests, ranging from agriculture to transportation and telecommunications. They have taken advantage of their wealth to invest in new businesses and expand existing ones, creating employment opportunities and contributing to the country’s economic growth.
For example, Mo Ibrahim, one of Sudan’s richest men, made a significant contribution to the country’s telecommunications sector through his company, Celtel International. He revolutionized the mobile phone industry in Africa and the Middle East by making mobile phones more affordable and accessible to people in the region. The success of his company helped spark a digital revolution in Sudan, driving economic growth and improving the lives of many people in the country.
Likewise, the Elnefeidi Group, led by Amin El-Nefeidi, has made significant investments in the agriculture and transportation sectors. Through their diversified businesses, they have contributed to the growth of the country’s economy by providing jobs and investing in infrastructure projects.
Sudan’s richest people have also participated in philanthropic activities, donating to various charitable causes and supporting social programs aimed at improving the lives of the Sudanese people. Through their philanthropic efforts, they have helped address pressing social issues in the country, such as poverty, healthcare, and education.
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