The Biggest Winners: 5 African Billionaires Who Didn’t Lose Money In 2015
Issad Rebrab, Algeria
Net Worth: $3.2 billion
Up: $181 million (6.6%)
How he makes his money:
He’s the chairman of Algeria’s largest privately-owned conglomerate, Cevital, which deals in food and agriculture. The company owns one of the world’s largest sugar refineries and has been on an acquisition spree in Europe, snapping up distressed assets in France, Spain and Italy. In sub-Saharan Africa, where competitive markets for consumer goods and basic commodities are opening up for competition, Cevital agreed to invest $3 billion to develop agricultural production of sugar cane in Sudan.
Sources: Forbes, AfricanBusinessMagazine