Top Richest Cameroonians And Their net worth is the subject of this article.
WHO ARE THE TOP 10 RICHEST CAMEROONIANS 2020?
Do you wish to know these men?
These are men that have accumulated much wealth for themselves and their entire generations unborn.
Meanwhile, these men have also contributed to the growth of humanity. This they have done through their numerous foundations.
However, before we delve into discussing their background, lets briefly consider the source of Cameroon’s wealth.
Accordingly, it is obvious that Cameroon relies heavily on customs duties and direct taxes.
So, these customs duties and direct taxes are their major sources of revenue.
Although, most of Cameroon’s oil revenues do not appear in the national budget. These revenues are maintained in secret accounts abroad.
So, there are some men that control the financial base of Cameroon.
These men have accumulated a large amount of money or valuable possessions.
In addition, this wealth the have made, have differentiated them from other Cameroonians.
Because of these, they are treated with special preferences.
Meanwhile, lets first consider the social-economical and political background of Cameroon at large.
Cameroon is located on the Gulf of Guinea.
So, It is a Central African country of varied terrain and wildlife.
The country is a beautiful one.
For instance, it has the inland capital, Yaoundé, and its biggest city, the seaport Douala.
Meanwhile, in 2017 the world bank published that Cameroon has a population estimate of about 24.05 million
Furthermore, the country has its Currencies: CFA franc, Central African CFA franc
Also, French and English are the official languages of Cameroon.
Meanwhile, Cameroon is practicing a Republican system of Government.
As at present, the president of Cameroon is Paul Biya.
Know also that Cameroon was officially founded on 1 January 1960.
TOP 10 RICHEST CAMEROONIANS AND THEIR NET WORTH
Top 10 Billionaires in Cameroon
Now Lets Count From The Top To The Least.
NET WORTH: 940 MILLION USD.
He was ranked Number One on Forbes Afrique’s Ranking.
According to Forbes, Baba Ahmadou Danpullo started out in business as a truck driver and as the owner of a few stalls.
Meanwhile, he subsequently obtained a highly coveted license for the import of rice and flour. It is from there that he made his net fortune.
In addition, he is the top man in the Baba Ahmadou Group.
This group is a Cameroonian conglomerate that owns the Ndawara Tea Estate. Ndawara Tea Estate is the largest privately-owned tea estate in West Africa.
Furthermore, he owns 49% of Nextel and the Marble Towers in Johannesburg, one of the tallest buildings in Africa.
Accordingly, Danpullo is are a very simple man who don’t like showing his wealth
Danpullo once said: “I do not like the media, I always try to stay in the shade and evolve without putting myself forward, but now I am projected to the light.”
Therefore he is ranked the number one person in the list of the top richest Cameroonians
NET WORTH: 690 MILLION USD.
The second person in the list of the top 10 richest Cameroonians is the famous Paul K. Fokam.
Paul K. Fokam is the CEO of Afriland First Bank Group.
He is also the founder and president of PKFokam Institute of Excellence.
Meanwhile, PKFokam Institute of Excellence is a pan African university.
He is a world-renowned writer. He has authored several books. Some of these books include but not limited to
How Africans Worsened their Misery, Africa: What about a Take-Off and Quelle Afrique à l’Horizon 2050?
Furthermore, he developed the MC² Model.
MC² Model. is a worldwide, unique and efficient approach for wealth creation among the poor.
In addition, Paul K. Fokam has won so many awards across the globe.
These awards include the German 2005 African Excellence Award, The African Banker’s 2016 Lifetime Achievement Award, etc.
Paul K. Fokam is also a Knight of the Order of Valor of the Central Africa Monetary and Economic Community (CEMAC).
3. SAMUEL FOYOU
NET WORTH: 450 MILLION USD.
The third person in the list of the top 10 richest Cameroonians is SAMUEL FOYOU.
Samuel Foyou is a Cameroonian Businessman and Industrialist.
He made his fortune through commercial activities in Congo and Angola.
Meanwhile, he built the First 5-star Hotel in the Chrystal palace chain in downtown Douala, in 2014.
Furthermore, Foyou started a brewing activity the Samuel Foyou Brewery Company.
It is therefore on record, that Samuel Foyou applied to the State of Cameroon for an area of 2000 hectares land to be used by him for planting fruit trees. These fruit trees would be used to produce natural juice for export.
See Also Top Richest Gambians And Net worth
4. NANA BAUBA
NET WORTH: 310 MILLION USD.
Meanwhile, Bouba is a Notable Food Producer who has engaged so many employers.
He has consequently amassed great wealth for his family and generations unborn.
Thus, Nana Bouba is The Number 4 Richest Man Cameroon.
Bouba is a popular and well-respected name in Cameroon.
He is most famous for venturing into food production.
Furthermore, he is The Originator of Nana Bouba Groups.
Meanwhile, he is blessed with a family.
NET WORTH: 280 MILLION USD.
Sylvestre Ngouchinghe made his fortune in Trading Seafood.
He is the owner of Congelcam SA.
Meanwhile, Congelcam SA is famous for importation, distribution, and sale of seafood products.
This company has more than 2,000 employees.
The company annual revenues are more than 120 MILLION USD.
This report is according to the information available from the company.
NET WORTH 270 MILLION USD.
The source of his great wealth is Beer.
Joseph Kadji Defosso is a great African industrialist.
He is the founder of the Cameroonian Union of Breweries (UCB).
The Cameroonian Union of Breweries (UCB) is the leading brewery company in Cameron.
The company controls over 15% of the country’s beer market.
Meanwhile, this group also has branches in insurance, hotels, flour milling, transit, maritime transport, sport, distribution, etc.
NET WORTH: 252 MILLION USD.
Mohamadou Bayero Fadi source of wealth is diversified.
He has numerous ways of making his money.
Meanwhile, he is the CEO of Fadil Group.
Similarly, Fadil Group is an Agro-industrial Conglomerate.
His father founded the company in 1944.
According to Forbes, Fadil Group specializes in soap manufacturing, edible oils, livestock farming, and hotels.
Meanwhile, Fadil also owns Equatorial Media Group (EMG).
Thus, Equatorial Media Group (EMG) is a media company that publishes the Dikalo news journal.
It also operates television station Camnews24.
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