Jay messed up on the line “Cocaine seats, all white like I got the whole thing bleached,” by forgetting the “cocaine seats” part. From there he loses his rhythm.
Watch video below…
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The combined fortune of Africa’s 55 billionaires is $143.88 billion. The average net worth of the members of this exclusive club is $2.6 billion, while the median age of the richest people in Africa is 65 years. The oldest billionaires are Kenyan industrialist, Manu Chandaria, and Egyptian property tycoon, Mohammed Al-Fayed, both aged 84. The youngest billionaires are Mohammed Dewji of Tanzania and Igho Sanomi, a Nigerian oil trader. They are both 38 years old.
Nigeria, South Africa and Egypt lead the pack with the highest number of billionaires at 20, nine and eight respectively. Algeria, Angola, Zimbabwe and Swaziland only have one billionaire each. In all, there are 10 African countries represented on the list.
Three women made it into the rankings. The richest of them is Folorunsho Alakija, a Nigerian fashion designer and oil tycoon worth some $7.3 billion by our estimates.
See the full list after the cut…
1. Aliko Dangote
$20.2 billion
Industry: Manufacturing
Country Of Citizenship: Nigeria
Age: 56
Marital Status: Married
Africa’s richest man started building his fortune three decades ago after taking a business loan from his maternal uncle to begin trading in commodities such as flour, sugar, rice and cement. In the early 2000s, he started producing these items himself. His Dangote Group is now the largest manufacturing conglomerate in West Africa and owns sugar refineries, salt processing facilities, a beverage manufacturer and a string of cement plants across Africa. In October 2012, Dangote sold a controlling stake in his flour milling company to Tiger Brands, a South African manufacturer of consumer goods. He pocketed $190 million from the sale. Dangote’s biggest asset is Dangote Cement, a $20-billion (market cap) cement manufacturer with operations in 14 countries and an annual production capacity of 30 million metric tonnes. In June this year, South Africa’s Public Investment Corporation acquired a 1.5-percent stake in the company for $290 million. Dangote is also Africa’s most generous philanthropist. Within the last 12 months, he has given away over $100 million to causes ranging from youth empowerment to flood relief, religious causes and education. His younger brother, Sani Dangote, is Vice Chairman of Dangote Group.
2. Allan Gray
$8.5 billion
Industry: Financial services
Country Of Citizenship: South Africa
Age: 75
Marital Status: Married
This media-shy South African moneyman controls two investment companies that collectively manage over $50 billion in assets. After Gray received an MBA from Harvard, he worked for eight years at Fidelity Management and Research in Boston before returning to Cape Town in 1973, when he founded Allan Gray Limited, now the largest privately owned asset manager in South Africa. It is also the most successful with assets under management at approximately $30 billion. According to inside sources at the company, Allan Gray’s global mandate share portfolio has achieved an average annual return of 28 percent since 1974. Keys to success include rigorous research and the consistent application of Allan Gray’s ages-old and time-tested investment approach of buying heavily into companies whose share price is less than their intrinsic value. Gray is also the founder of Orbis, an asset manager in Bermuda, which he founded in 1989. Orbis has over $21 billion under management. Gray’s son, William, is President of Orbis and equally serves as portfolio manager of the Orbis Funds. Gray and his family are the controlling shareholders of Allan Gray Limited and Orbis. In 2007, Gray endowed his Allan Gray Orbis Foundation with $130 million, the single largest charity gift in Southern Africa at the time. The foundation funds scholarships for poor but promising South African high school students.
3. Mike Adenuga
$8 billion
Industry: Oil, telecoms
Country Of Citizenship: Nigeria
Age: 60
Marital Status: Married
Nigeria’s second richest man made his first fortune in his mid-twenties by distributing lace fabrics and Coca- Cola, and by handling lucrative government contracts during the regime of former Nigerian military President, Ibrahim Babangida. In the early nineties he founded Conoil Producing, an indigenous oil exploration and production outfit that was the first Nigerian company to strike oil in commercial quantities. Today, Conoil Producing’s assets produce more than 100,000 barrels of crude a day. Adenuga’s other holdings include Globacom, a Nigerian mobile telecommunications network that boasts more than 25 million customers in Nigeria and Republic of Benin. He also owns a 74-percent stake in Conoil PLC, a petroleum marketing outfit listed on the Nigerian Stock Exchange.
4. Folorunsho Alakija
$7.3 billion
Industry: Oil
Country Of Citizenship: Nigeria
Age: 62
Marital Status: Married
Africa’s richest woman sits atop Famfa Oil, a Nigerian oil company that owns a 60-percent stake in OML 127, one of Nigeria’s most prolific oil blocks located at Nigerian offshore Agbami deepwater field. Daily production at OML 127 stands at over 200,000 barrels per day. Alakija studied fashion design in England in the eighties, returning to Nigeria to found Supreme Stitches, a Nigerian fashion label which enjoyed patronage from the more successful women in Nigerian high society. One of her clients was Maryam Babangida, the wife to former Nigerian military President, Ibrahim Babangida. Alakija is believed to have ridden on the crest of this relationship to acquire an oil block in 1993 at a relatively inexpensive price. Famfa immediately entered into a joint venture agreement with Star Deep Water Petroleum (a subsidiary of Chevron and Brazil’s Petrobas), ceding a 40-percent stake to the two companies. Famfa owned a 60-percent interest in the block until 2000, when the incumbent Nigerian president, Olusegun Obasanjo, forcefully acquired a 50-percent stake in the block, transferring it to the Nigerian National Petroleum Corporation – a government-owned oil company. Famfa Oil immediately went to court to challenge the acquisition in a case that dragged on for 12 years. In May 2013, the Nigerian Supreme court reinstated the 50-percent stake to Famfa Oil. Alakija also owns $200-million of real estate in the United Kingdom.
5. Nicky Oppenheimer
$6.5 billion
Industry: Mining, investments
Country Of Citizenship: South Africa
Age: 68
Marital Status: Married
Diamonds are not forever. In November 2011, Nicky Oppenheimer made the momentous decision to sell off his family’s stake in De Beers, the world’s largest diamond producer, to mining behemoth Anglo American. The landmark $5.1-billion deal ended the Oppenheimer family’s eight-decade control of De Beers, which began when Nicky’s grandfather, Sir Ernest Oppenheimer, took over the firm in 1927 and consolidated the company’s global monopoly over the world’s diamond industry. In 2011, E Oppenheimer & Sons, the family-owned investment firm which Nicky controls, partnered with Temasek, the investment firm of the Government of Singapore, to form Tana Africa Capital, a $300-million private equity fund that invests in the fast moving consumer goods (FMCG) and agriculture sectors.
6. Johann Rupert
$6.1 billion
Industry: Luxury goods and retail
Country Of Citizenship: South Africa
Age: 63
Marital Status: Married
Johann Rupert is the chairman of Swiss-based luxury goods company, Compagnie Financière Richemont SA, which owns premium brands such as Cartier, Dunhill, IWC Schaffhausen, Piaget and Vacheron Constantin, among many others. It is the sixth largest company on the Swiss stock exchange and the third largest luxury goods company in the world. Johann’s father, Anton Rupert, founded a small cigarette manufacturing operation, Rembrandt, in his garage in 1941 with a £10-investment. Rembrandt became incredibly popular among young South African smokers and by the 1950s, was already one of the leading tobacco firms in the continent. Anton, ever the visionary, diversified from tobacco into the industrial and luxury branded goods sectors, splitting Rembrandt into two divisions: Remgro (an investment company with financial, mining and industrial interests) and Richemont (the Swiss-based luxury goods group). Johann is chairman and the largest individual shareholder in both companies. He also owns two of South Africa’s best-known vineyards, Rupert & Rothschild and L’Ormarins, and founded the Franschhoek Motor Museum, which houses his personal collection of over 200 antique motor vehicles.
7. Nassef Sawiris
$5.2 billion
Industry: Construction
Country Of Citizenship: Egypt
Age: 53
Marital Status: Married
Nassef Sawiris is the youngest of the three sons of Egyptian billionaire and founder of the Orascom conglomerate, Onsi Sawiris. He heads Orascom Construction Industries (OCI), one of the largest companies in the North Africa region. In January this year, Nassef announced that OCI was exchanging all global depositary receipts of the company for newly issued shares of OCI NV on the NYSE Euronext in Amsterdam or in exchange for cash. A consortium of investors, including Microsoft founder Bill Gates, provided the $1 billion in fresh capital required to pay off investors. The overwhelming majority of the shareholders accepted the buyout offer, which subsequently led to the company’s delisting on the EGX. Nassef also serves as a director at Lafarge, the French cement giant, and the Dubai international Financial Exchange.
8. Gilbert Chagoury & Family
$4.2 billion
Industry: Construction
Country Of Citizenship: Nigeria
Age: 67
Marital Status: Married
The Nigerian-Lebanese industrialist and diplomat is a co-founder of the Chagoury Group, a large, multi-faceted Nigerian conglomerate with interests in manufacturing, construction, real estate, hospitality and healthcare. Gilbert was born in 1946 in Lagos by Lebanese immigrant parents. After studying at the College des Freres Chretiens in Lebanon, he returned to Nigeria where he kick-started his business career. In 1971 he started GrandsMoulins du Bénin Flour Mills, a milling company in Cottonou, Republic of Benin, which formed the foundation of the Chagoury Group. Today, the Chagoury Group owns five flour-milling companies in Nigeria and Republic of Benin. Chagoury’s milling operations collectively produce over 3,700 metric tonnes of wheat flour every day. The Chagoury Group also owns a glass bottle manufacturing plant and a plastic bottle manufacturing operation. Other assets include Eko Hotel, a five-star Hotel in Lagos, and Hotel Presidential, a five-star hotel in Port Harcourt. One of the newer companies within the group is South EnergyX, a real estate development company that is developing Eko Atlantic, a new $6-billion metropolis on land reclaimed from the Atlantic Ocean. When completed, Eko Atlantic is expected to provide residential accommodation for up to 250,000 people. Chagoury’s property portfolio also includes Ocean Parade, a series of 14 tower blocks overlooking a lagoon in Banana Island, Nigeria’s priciest residential community. Gilbert Chagoury’s career has not been without controversy. In 2001, in a British court, he admitted to helping the family of deceased Nigerian dictator, Sani Abacha, transfer $300 million into foreign accounts. He returned the money and was indemnified of charges.
9. Nathan Kirsh
$3.6 billion
Industry: Real Estate, Distribution
Country Of Citizenship: Swaziland
Age: 82
Marital Status: Married
Nathan Kirsh made his first fortune after he founded a successful corn milling business in Swaziland. He deftly reinvested his profits in food distribution and real estate. The bulk of his fortune is held in various property and distribution companies. His investment company, Kirsh Holding Group, owns a 50-percent stake in Swazi Plaza Properties – the company that owns the largest shopping mall in Swaziland. He also owns a 29-percent stake in Minerva, a London-based property developer, and a 63-percent stake in Jetro Holdings, which operates Jetro Cash and Carry stores and Restaurant Depots in the New York City area. Jetro enjoys a near monopoly in supplying wholesale goods to small stores and restaurants in the New York City area and had revenues of over $6 billion in 2013. Kirsh is also the largest individual shareholder in Magal Security Systems, a developer and supplier of control systems and intruder detection systems.
10. Christoffel Wiese
$3.4 billion
Industry: Retail
Country Of Citizenship: South Africa
Age: 72
Marital Status: Married
The South African businessman is the chairman and greatest individual shareholder of Shoprite, Africa’s largest discount retailer. After studying Law at the University of Stellenbosch, Wiese took up a job as an executive director at Pep Stores, a discount clothing chain his parents co-founded. In 1979, Pep Stores diversified into groceries through its acquisition of Shoprite, a small South African retail chain. When Wiese became chairman of the company in 1981, he changed the company’s name to Pepkor and made a series of acquisitions including Ackermans, a prominent clothing chain. He went on to list Shoprite on the Johannesburg Stock Exchange. He owns a 15-percent stake in the $7-billion (market cap) company. While his Shoprite stake remains his biggest asset, he also owns significant stakes in other Johannesburg Stock Exchange-listed companies, including Invicta Holdings, PSG Holdings, Tradehold, and private equity firm, Brait. Other assets include a private game reserve in the Kalahari and Lourensford Wine Estate.
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The 24-year-old received this latest honour after another impressive season for his club and country. he now moves on the same level with fellow three-time winners John Hartson and Mark Hughes.
Bale’s outstanding performances have earned plenty of plaudits and earlier this year he won the Professional Footballers’ Association and Football Writers’ Association Player of the Year awards.
The attacker scored 26 goals in all competitions for Tottenham before linking up with Real Madrid in a world-record move and continues to be a crucial player for Wales.
He tweeted: “It’s a great honour to receive the Fans Player of the Year and Player of the Year @FAWales awards. Can’t wait to get back playing again soon.”
Bale, who is currently sidelined by injury, also received the Fans’ Player of the Year award, and Wales boss Chris Coleman was full of praise for him.
He said: “Gareth’s definitely one of the best players I’ve seen. I’ve had the fortune of being up close and personal with him in training and he’s a player that can take your breath away.
“In two or three seconds, he will do something that nobody else can do. He’s a special player.
“He’s serious about Wales, he’s a Cardiff boy and patriotic and what he does for Welsh football is raise the interest in football for our country. He’s brought that for us.
“He’s a great player – and I still think he’s getting better because of his age. He’ll only get better working under a manager like Carlo Ancelotti and playing for Real Madrid with players like Cristiano Ronaldo.”
Swansea left-back Ben Davies secured the Young Player of the Year prize, while his team-mate Ashley Williams was the Club Player of the Year for the fourth time.
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The Taraba state acting Governor, Alhaji Garba Umar, on Monday was involved in a road accident along the Gombe/Bauchi Road. News adUmar was said to be on his way to pay a condolence visit to Governor Isa Yuguda of Bauchi State over the death of his sister last week when the accident occurred. According to report, some vehicles in Umar’s convoy collided with others on the convoy of the Emir of Bauchi, Alhaji Suleiman Rilwanu Adamu, at about 11.32 am at Shafuri village in Bauchi. Umar escaped unhurt even as two people sustained injuries while about seven escort vehicles were destroyed. His Chief Press Secretary (CPS), Kefas Sule, who confirmed the accident however told reporters that the accident was not a fatal one and the acting governor and everybody on the entourage survived.The post Xclusive – Gist Taraba state acting Governor involved in fatal road accident appeared first on Xclusive Gist.
No wonder Rihanna & Karrueche want to die there. Hehe. In a recent interview Chris Brown recalls losing his virginity at age eight and how it made him a beast in the bedroom…
From The Guardian
He lost his virginity when he was eight years old, to a local girl who was 14 or 15. Seriously? “Yeah, really. Uh-huh.” He grins and chuckles. “It’s different in the country.” Brown grew up with a great gang of boy cousins, and they watched so much porn that he was raring to go. “By that point, we were already kind of like hot to trot, you know what I’m saying? Like, girls, we weren’t afraid to talk to them; I wasn’t afraid. So, at eight, being able to do it, it kind of preps you for the long run, so you can be a beast at it. You can be the best at it.” (Now 24, he doesn’t want to say how many women he’s slept with: “But you know how Prince had a lot of girls back in the day? Prince was, like, the guy. I’m just that, today. But most women won’t have any complaints if they’ve been with me. They can’t really complain. It’s all good.”
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Comedian Julius Agwu and his wife, Ibiere, welcomed a baby boy today October 7th. Ibiere gave birth to the little bundle of joy in a hospital in the US. The new addition to the family has been named Zadok Chibuike Julius Agwu. Julius and Ibiere already have a 4 year old daughter, Zahra Agwu. Congrats to them.
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Press statement from Iyanya’s Made Men Music Group below..
In the past few hours Nigerian entertainer, Iyanya Mbuk along with his manager Ubi Franklin have been the victims of hacking.
Regrettably, the individual(s) involved have posted false endorsements on Iyanya’s Facebook page and Twitter with the aim of deceiving fans and followers for personal gain, and have maliciously changed Ubi Franklin’s Twitter handle.
We’re currently working with Twitter and Facebook to regain access to the accounts and in the meantime fans can continue to interact with Iyanya via his official Instagram account (@Iyanya).
Iyanya apologises for any inconvenience caused and urges fans to ignore any requests that the hackers might make.
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Vanity Fair has named Jay Z and Beyonce the No.1 power couple in America, beating the Obama’s to the top position. According to Vanity Fair’s ‘New Establishment’ for 2013, Jay Z and Beyonce, who were ranked number 8 last year, are the most important powers that be in the U.S this year.
Helping them nab the top honor was Jay Z’s new album, Magna Carter Holy Grail, which went double platinum and Beyonce’s Super Bowl halftime performance, plus selling out her world tour and releasing a documentary about her life on HBO.
See Vanity Fair’s top 25 New Establishment ranking for 2013 after the cut…
1. Jay Z & Beyonce, musicians
2. Michael Bloomberg, New York City mayor
3. Brian Roberts & Steve Burke, Comcast
4. Bob Iger, The Walt Disney Company
5. Rupert Murdoch, 21st Century Fox
6. Jimmy Iovine & Dr Dre, Beats Electronics
7. David Zaslav, Discovery Communications
8. Jill Abramson, editor of The New York Times
9. Jenna Lyons, J. Crew creative director
10. Harvey & Bob Weinstein, The Weinstein Company
11. Jon Stewart & Stephen Colbert, Comedy Central
12. Robert Thomson, News Corp
13. JJ Abrams, Filmmaker
14. Lionel Barber, Financial Times
15. Matt Drudge, Drudge Report
16. Michael Kors, Michael Kors Holdings
17. Len Blavatnik, Access Industries
18. Laurene Powell Jobs, Emerson Collective
19. Tory Burch, designer
20. Jon Feltheimer, Lionsgate
21. Peter Chernin, The Chernin Group
22. Trey Parker & Matt Stone, Important Studios
23. Mike Allen, Politico
24. Ben Affleck, actor and director
25. Tim Armstrong & Ariana Huffington, AOL
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