In 2019, Cameroon had 7 of its nationals among the top 20 billionaires in Africa, according to Forbes Africa. Contrary to what you might think, the country is full of billionaires. Here are the top 10 of this Central African fortunes.
Top 10 richest men in Cameroon
1. Baba Ahmadou Danpullo
Baba Ahmadou Danpullo is the first rich Cameroonian with a net worth of $ 940 million (around CFA 567 billion). It is one of the largest operators in Cameroon and is active in several branches of the Cameroonian economy.
He also made his fortune in real estate, investing in agribusiness, telecommunications, transport. Danpullo is also a shareholder of several important companies in Cameroon.
2. Paul Fokam Kammogne
Paul Fokam Kammogne is a highly wealthy Cameroonian banker. He would be at the top of a fortune estimated at 710 million dollars, or about 416 billion CFA francs.
He is currently the head of one of the largest Cameroonian banks: Afriland First Bank. Paul Fokam is also the manager of SAPA Holding and initiator of the largest microfinance network in Cameroon.
3. Samuel Foyou
Samuel Foyou owns several companies in Cameroon, including Fermencam, de Montparagon, Unalor, a match company, Plasticam, Sotrasel (manufacture of table salt), Biscuiterie Samuel Foyou (BSF) and Moore Paragon Printing etc. 5-star hotels from the Krystal Palace Hotels.
He also has brewery and hotel businesses. His net worth is estimated to reach $ 410 million, or around 245 billion CFA francs.
4. Colin Ebarko Mukete
Colin Mukete would be sitting on 390 million dollars or 229 billion CFA francs. The man described as very low-key is said to be a prominent investor in communications and telecommunications.
He owns the STV2 television channel and chairs the board of directors of MTN Cameroon, the South African eponymous telecom giant subsidiary.
He is also interested in International Mining & Infrastructure Corporation, a London-listed mining company. And these are just a few of his things.
5. Jean Samuel Noutchogouin
The Cameroonian billionaire, who died in 2019, would have left a legacy of 335 million dollars, or 197 billion CFA francs. He was the founder of several companies during his lifetime: the Société des Provenderies du Cameroun (SPC), ICRAFON plastic utensils, and the Atlantic Bank.
His fortune was made mainly through his investments in the agro-industry.
6. Nana Bouba
Nana Bouba is a Fulani industrialist and businessman who comes from afar. He now owns the NBG group, which is expected to weigh in at $ 260 million. Nana Bouba’s net worth is estimated at $ 310 million, or 167 billion CFA francs.
7. Sylvestre Ngouchinghe
Sylvestre Ngouchinghe is the CEO of Congelcam, the largest fishmonger in Cameroon. His company controls 70% of Cameroon’s fish market. His net worth is estimated at $ 285 million, or CFA francs 169 billion.
8. The Sohaing family
The Sohaing family inherits from André Sohaing, a very wealthy businessman and politician who died in 2015. The fortune is estimated at 240 million dollars or 145 billion CFA francs. The Sohaing family owns the famous luxurious Akwa Palace Hotel.
9. Joseph Kadji Defosso
His net worth is estimated at $ 205 million, or around 124 billion CFA francs. Joseph Kadji Defosso is a highly wealthy Cameroonian industrialist and businessman, owner of the UCB brewery (Union Camerounaise des Brasseries).
He died in 2018 but left the Kadji family a legacy that made him the 9th fortune in Cameroon.
10. President Paul Biya
Paul Biya, who ruled Cameroon for 38 years, is said to have amassed a fortune of 200 million dollars, or 110 billion CFA francs.