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The 25 Highest-Paid Athletes Of All Time

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Michael Jordan

The NBA is flush with cash right now thanks to its $24 billion TV deal with ESPN and TNT, as well as its global opportunities. Players are sharing in the riches, with 29 current NBAers in the middle of contracts worth at least $94 million in deals that range from three years in the case of LeBron James to five years for most of the 28 others, according to data from Spotrac. The significance of $94 million: It is more than the career earnings from playing salary of the sport’s greatest player, Michael Jordan, who earned $93.8 million with the Chicago Bulls and the Washington Wizards.

But don’t shed a tear for MJ. Sure, he made more than $4 million during only two of his 15 seasons in the NBA (Bulls owner Jerry Reinsdorf also paid Jordan his $4 million salary during the full season he took off to play baseball). Yet Jordan elevated athlete endorsements to an entirely new level, which has continued long after he hung up his high-tops for good in 2003. The result: Jordan is the highest-paid athlete of all time at $1.85 billion in 2017 dollars (the tally is $1.5 billion in current dollars).

Jordan has partnered with dozens of brands since he turned pro in 1984, including Gatorade, Hanes, MCI, Oakley, Upper Deck, Wheaties and more. His biggest backer has always been Nike, which signed Jordan ahead of his rookie year to a five-year deal worth $2.5 million, plus royalties. The Jordan Brand exploded for Nike and is now a $3.1 billion global business with revenue up 13% over last year and $800 million from two years ago. Jordan’s estimated cut of the business is $140 million this year.

Jordan showed the path to a fortune built on endorsement earnings that has since been followed by Tiger Woods, who ranks second at $1.7 billion. Like Jordan, Woods reached the pinnacle of his sport while shying away from any controversy, making him a marketing darling for sponsors like Accenture, American Express, EA Sports, General Motors and Nike.

READ MORE: Serena Williams Heads The Highest-Paid Female Athletes 2017

Woods banked $600 million (adjusted for inflation) between 2006 and 2010, with endorsements and appearance fees fueling most of the earnings. The image of Woods as the perfect pitchman came crashing down on a Thanksgiving night eight years ago, but he remains the top draw in golf when healthy. His earnings are off 68% from their peak but still rank among the highest in golf.

Forbes‘ earnings estimates include salaries, bonuses, prize money, endorsements and licensing, as well as fees from books, golf course designs and appearances. Earnings cover from the time the athletes turned pro through June 1, 2017, and include money earned after playing careers were over, as well as earnings by the estate in the case of Arnold Palmer. We do not include investment income, and we back-filled years where we did not publish earnings figures, such as prior to 1990 for Palmer and Jack Nicklaus. We adjusted all figures for inflation.

The 25 highest-paid athletes of all time played a mix of eight sports, with golf, basketball and boxing landing five entries each. The top 25 have earned a cumulative $19.4 billion since turning pro ($15.9 billion without adjusting for inflation).

READ MORE: Ronaldo, Le Bron Top World’s Highest-Paid Athletes Of 2017

From branding it like Beckham to the Golden Bear’s Midas touch, these sports legends are so money when it comes to career earnings and endorsement deals.

The Highest-Paid Athletes of All-Time

1. Michael Jordan

Career earnings: $1.85 billion (2017 dollars)

Jordan still maintains his longtime endorsement relationships with Gatorade, Hanes, Nike and Upper Deck, but the investment that made him a billionaire was the $175 million fire-sale price he got the Charlotte Bobcats (now the Hornets) for in 2010. Jordan bumped his Hornets stake to 90% in 2013, and the team is now worth $780 million.

2. Tiger Woods

Tiger Woods

Tiger Woods during the Hero World Challenge at Albany, Bahamas in Nassau, Bahamas. (Photo by Mike Ehrmann/Getty Images)

Career earnings: $1.7 billion

The 14-time major winner has played only 18 official PGA Tour events since the start of 2014 because of injuries (he’s missed the cut or withdrawn from half of them). Sponsors still see value in partnering with Woods, with TaylorMade, Bridgestone and Monster Energy the most recent additions to his endorsement portfolio.

3. Arnold Palmer

Career earnings: $1.4 billion

Palmer died in September 2016, but his estate still banked $40 million during the last 12 months. More than 400 stores sell Arnold Palmer-branded apparel in Asia, with plans to move into new markets like Thailand and Vietnam. His estate has agreements with 39 licensees. The partnership between IMG founder Mark McCormack and his first client, Palmer, revolutionized sports marketing.

4. Jack Nicklaus

Career earnings: $1.2 billion

Nicklaus’ course design company is responsible for 410 courses in 41 countries, with the 18-time major winner involved in three-quarters of the projects. In addition to course design, the Nicklaus business empire includes real estate, wine, ice cream, drinkware, golf academies, lemonade and more.

5. Michael Schumacher

Career earnings: $1 billion

The health of Schumacher, 47, has been precarious since a 2013 skiing accident in the Alps left him in a coma. The F1 titan dominated his sport while racking up seven titles and is one of only six athletes to top the FORBES highest-paid athletes list since 1990.

6. Phil Mickelson

Career earnings: $815 million

Mickelson pitches for Amgen, ExxonMobil, KPMG, Rolex, Grayhawk and the Greenbrier, as well as two new partners in Intrepid Financial Partners and Workday. His $84 million in career prize money ranks second all-time. Coming in second to Tiger has been plenty lucrative for Lefty, who finally outearned his rival in 2015, for the first time since Woods turned pro in 1996.

7. (tie) Kobe Bryant

Career earnings: $800 million

Bryant’s earnings during his playing career were tops all time among team athletes, and he had the highest NBA salary the final six seasons of his career. The Black Mamba is attacking retirement the way he did opposing guards during his 20-year NBA career. He launched Kobe Inc. and a venture capital firm, Bryant Stibel, with $100 million in funding.

7. (tie) David Beckham

Career earnings: $800 million

Beckham’s most lucrative years have come in retirement thanks to royalty deals with Diageo, to launch a new single-grain Scotch whisky called Haig Club, and Global Brands Group, to create Beckham-branded consumer products. Beckham is inching closer to bringing an MLS expansion team to Miami, which he got the rights to at the bargain-basement price of $25 million.

9. Floyd Mayweather

Floyd Mayweather Jr. v Conor McGregor

Dana White splits Floyd Mayweather Jr. and Conor McGregor apart during the World Press Tour at SSE Arena on July 14, 2017 in London, England. (Photo by Matthew Lewis/Getty Images)

Career earnings: $785 million

Our earnings figure for Mayweather does not include his monster payday for his August bout against Conor McGregor (our scoring period ended June 1). His McGregor paycheck makes Mayweather just the sixth athlete ever with earnings of $1 billion.

10. Shaquille O’Neal

Career earnings: $735 million

O’Neal sold a stake in the business of Shaq last year to Authentic Brands Group, which got the rights to roughly half of O’Neal’s future licensing and endorsement revenue in return for a lump sum payment. Shaq’s low-cost sneaker line has sold more than 120 million pairs during his career.

11. LeBron James

Career earnings: $730 million

The NBA’s top pitchman added Intel and Verizon this year to his endorsement portfolio, which already included Nike, Coca-Cola, Beats by Dre and Kia Motor. King James owns a stake in 17 Blaze Pizzas, the fastest-growing food-service business of all-time.

12. Cristiano Ronaldo

Cristiano Ronaldo

Cristiano Ronaldo of Real Madrid during the La Liga match against Sevilla at Santiago Bernabeu Stadium in Madrid, Spain. (Photo by Power Sport Images/Getty Images)

Career earnings: $725 million

Ronaldo is rising up the charts as the highest-paid athlete in the world the past two years, including $93 million in the 12 months ending in June. His Real Madrid contract extension will push the earnings for soccer’s reigning player of the year even higher.

13. Greg Norman

Career earnings: $705 million

Like Shaquille O’Neal and Muhammad Ali before him, Norman sold his future licensing rights to Authentic Brands Group in March. Norman’s company retains control of his real estate, investments and course design operations, but ABG will work on his other business interests in apparel, accessories, steak and wine.

14. Mike Tyson

Career earnings: $700 million

The youngest heavyweight champion in the history of boxing squandered $400 million in earnings (not adjusted for inflation) before filing for bankruptcy in 2003. Tyson has reinvented himself at 51 as an actor and with business partnerships around gaming, motorcycles and fitness centers.

15. Roger Federer

Roger Federer

Roger Federer of Switzerland celebrates after beating Marin Cilic of Croatia during the ATP World Tour Finals at The O2 Arena, London. (Photo by Kieran Galvin/NurPhoto via Getty Images)

Career earnings: $675 million

Federer recently re-took the crown for highest career prize money on the ATP Tour with his resurgent year on the court in 2017. His $111.9 million tally surpasses the total of Novak Djokovic ($109.8 million), as well as that of Tiger Woods, who sits at $110 million in prize money on the PGA Tour.

16. Lionel Messi

Career earnings: $600 million

Messi has been at Barcelona since age 13, and his contract extension last month will keep him at Camp Nou through the 2020-21 season. The buyout clause for Barcelona’s all-time leading scorer doubled under the new deal to $835 million.

17. Alex Rodriguez

Career earnings: $575 million

A-Rod signed two of the three biggest contracts in the history of baseball during his 22-year career and was paid $20 million by the Yankees in 2017 despite retiring last year. He has been busy in retirement as a Fox Sports analyst and a host for an upcoming CNBC reality show, in addition to his high-profile relationship with Jennifer Lopez.

18. Jeff Gordon

Career earnings: $525 million

Gordon won 93 races during his Nascar career, the modern-day record. He owns a stake in Jimmie Johnson’s No. 48 car and could be in line for a larger ownership role at Hendrick Motorsports.

19. Oscar De La Hoya

Career earnings: $520 million

The Golden Boy’s 2007 fight with Floyd Mayweather was the biggest bout in pay-per-view history, with 2.5 million buys, until Mayweather faced Manny Pacquiao. De La Hoya earned a then-record $52 million because he served as the fight’s promoter through his company Golden Boy Promotions, which he founded in 2002.

20. Manny Pacquiao

Career earnings: $510 million

Pacquiao’s pay-per-view career includes 18.6 million buys and gross revenue of $1.2 billion. The Filipino senator lost to Australian Jeff Horn in his only 2017 bout. Pacquiao’s biggest career payday was his 2015 fight with Mayweather, for which he pocketed roughly $125 million.

21. Derek Jeter

Career earnings: $490 million

Jeter’s tenure as an MLB owner is off to a rocky start in South Florida. The 14-time All-Star put up only $25 million of the $1.2 billion price for the Miami Marlins, but Jeter is calling the shots as CEO of the team.

22. (tie) Peyton Manning

Career earnings: $480 million

The five-time MVP retired as the NFL’s all-time leader in passing yards (71,490) and touchdowns (539) and was the NFL record-holder for earnings on and off the field. Manning remains a popular pitchman in retirement, shilling for Nationwide, DirecTV, Gatorade, Papa John’s and Otterbox. He also hosted the 2017 ESPYs.

22. (tie) Kevin Garnett

Career earnings: $480 million

Garnett earned an NBA-record $334 million in playing salary during his 22-year playing career with the Timberwolves, the Celtics and the Nets. His blockbuster six-year, $126 million contract as a 21-year-old in 1997 helped push NBA owners to lock out the players ahead of the 1998-99 season.

24. Evander Holyfield

Career earnings: $475 million

Holyfield’s career-high payday was $34 million, for his second fight versus Mike Tyson, which ended abruptly when Tyson was disqualified for biting off a chunk of Holyfield’s ear. Despite a quarter-century of boxing purses, Holyfield faced major financial issues with a foreclosure of his $10 million, 109-room Atlanta estate and lawsuits for unpaid child support.

25. Andre Agassi

Career earnings: $470 million

Agassi’s massive Nike endorsement deal earned him $140 million over 10 years, including the appreciation of the company stock he received in the pact.

Lists

The NBA’s Highest-Paid Players 2019: LeBron James Leads With $89 Million

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“I’m not a businessman—I’m a business, man,” Jay-Z famously rapped more than a decade ago. It’s a lesson that NBA superstars are taking to heart as they recognize their ability to call the shots on and off the court.

The biggest stars, including LeBron James, Stephen Curry and Kevin Durant, have set up companies to manage the opportunities in media, marketing and investing that come along with being global icons.

The NBA’s top 10 earners will make an estimated $540 million this year from salaries, endorsements, appearances, royalties and media pacts.

The tally is up more than $180 million for hoops’ top earners from five years ago. James is the NBA’s highest-paid player for the fifth-straight year, with $88.7 million, including $53 million off the court. (Kobe Bryant was the last active basketball player to outearn King James.)

James, Curry and Durant are among the rare breed of players who make more off the court than on it. Endorsements provide the bulk of the off-court earnings for the trio. Shoe deals are the driving force, but these stars are increasingly pushing their personal brands into other areas.

James took control of his own marketing in 2006 when he launched what is now LRMR Ventures. A Hollywood production company, SpringHill Entertainment, followed in 2008.

It has created TV shows like The Wall and Survivor’s Remorse and is working on remakes of the films House Party and Space Jam. James expanded his business empire with his digital media firm Uninterrupted in 2015. It got a boost via a $15.8 million investment from Time Warner the same year.

James has moved past the traditional endorsement model in many cases. He eschewed a $15 million renewal of his endorsement deal with McDonald’s to double down on Blaze Pizza, where he is an investor and franchisee.

He teamed up last year with Cindy Crawford, Arnold Schwarzenegger and Lindsey Vonn to launch Ladder, a health and wellness company, selling protein powders to start. James’ net worth is an estimated $450 million.

-Kurt BadenhausenForbes Staff

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Fewer Billionaires, Poorer Billionaires On African Continent In 2019

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Altogether, the 20 African tycoons are worth $68.7 billion, down from $75.4 billion for last year’s list. However, the average net worth for each list member this year has climbed to $3.4 billion from $3.3 billion in early 2018.


Buffeted by plunging stock prices and weaker currencies, the number of African billionaires has shrunk to just 20, down from 23 a year ago. Four people fell off Forbes’ annual list of the continent’s richest since last year while one returned to the ranks after a four-year absence. All but four members of the list have smaller fortunes than a year ago.

For the eighth year in a row, Aliko Dangote of Nigeria is Africa’s richest person. His estimated $10.3 billion net worth, however, is nearly $2 billion less than a year ago, primarily due to a roughly 20% drop in the stock price of Dangote Cement, his most valuable asset.

The continent’s second richest is Mike Adenuga, also of Nigeria, worth an estimated $9.2 billion. Adenuga owns Globacom, which is Nigeria’s third largest mobile phone network, plus oil exploration firm Conoil Producing, extensive real estate holdings in Nigeria, and a network of 12,000 cell phone towers. His net worth has climbed dramatically from $5.3 billion in January 2018 as a result of more detailed information provided by him about his assets.

Number three in Africa is diamond heir Nicky Oppenheimer of South Africa. His grandfather founded diamond mining firm DeBeers, which Nicky ran and then sold to mining giant Anglo American for $5.1 billion cash in 2012. He is currently worth an estimated $7.3 billion, down from $7.7 billion a year ago.

Among the few on the list who are richer than a year ago is Strive Masiyiwa of Zimbabwe, worth an estimated $2.3 billion, up from $1.6 billion last year. He’s richer due to a rise in the share price of Econet Wireless Zimbabwe and a new investment that boosted the value of his stake in fiber optic and satellite services firm Liquid Telecom.

In a per country ranking, Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two. Forbes found one billionaire each from Algeria, Angola, Tanzania and Zimbabwe.

The three South Africans who fell off since last year’s list are Stephen Saad, founder of generics drug firm Aspen Pharmacare; Desmond Sacco, chairman of iron ore mining company Assore Group; and Christoffel Wiese, founder of retailer Pepkor and former chairman of furniture retailer Steinhoff International, which acquired Pepkor in 2015. Steinhoff is still reeling from an accounting scandal that was disclosed in December 2017, and shortly afterwards, Wiese stepped down as chairman of the company. The fourth dropoff is Onsi Sawiris of Egypt, who owns a stake in Netherlands-based fertilizer and chemical producer OCI N.V. All four fell off due to a decline in the stock price of their main asset.

Nigerian cement mogul Abdulsamad Rabiu, who runs and owns the BUA Group, returns to the list for the first time since 2015. He merged his Kalambaina Cement firm into publicly-traded Cement Company of Northern Nigeria, which he controlled, in late 2018. Rabiu now owns 97% of the list entity. Kalambaina, which operates a new cement production facility, started selling cement in mid-2018. Separately, Rabiu’s OBU Cement recently expanded its operations, adding a new production line.

Two of the 20 billionaires are women: Isabel dos Santos, the daughter of Angola’s former president, Jose Eduardo dos Santos; and Folorunsho Alakija of Nigeria. Dos Santos’ fortune declined to an estimated $2.3 billion, down from $2.7 billion a year ago, primarily due to a drop in value of her stock holdings in oil firm Galp and communications firm Nos – both in Portugal – and a decline in the value of Angolan mobile telecom firm Unitel, of which she owns 25%. Unitel is in an arbitration with one of its shareholders, Brazilian telecom firm Oi, which claims it is owed $608 million in unpaid dividends from five years through 2014. (Unitel did not respond to a request for comment.)

Nigeria’s Alakija owns a stake in one of the most productive oil fields in Nigeria, currently operated by Chevron. Her net worth dropped due a decline in the value of the oil field, in part because its production has leveled off.

Altogether, the 20 African tycoons are worth $68.7 billion, down from $75.4 billion for last year’s list. However, the average net worth for each list member this year has climbed to $3.4 billion from $3.3 billion in early 2018.

METHODOLOGY

Our list tracks the wealth of African billionaires who reside in Africa or have their primary businesses there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen, and billionaire London resident Mohamed Al-Fayed, an Egyptian citizen. (Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his expansive telecom holdings in Africa.) We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 4, 2019.  To value privately-held businesses, we couple estimates of revenues or profits with prevailing price-to-sales or price-to-earnings ratios for similar public companies. Some list members grow richer or poorer within weeks– or days – of our measurement date.

1. Aliko Dangote

Net worth: $10.3 billion

Origin of wealth: Cement, sugar, flour

Age: 61

Country: Nigeria

Did You Know?

-Dangote’s grandfather was a successful trader of rice and oats in Kano, Nigeria’s second largest city.

-Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits.

Nigeria is one of the best-kept secrets. A lot of foreigners are not investing because they’re waiting for the right time. There is no right time.


Aliko Dangote

2. Mike Adenuga

Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 43 million subscribers. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He made his first million at age 26 selling lace and distributing soft drinks.

Did you know?

-Mike Adenuga made his first million at age 26 selling lace and distributing soft drinks.

3. Nicky Oppenheimer & family

Net worth: $7.3 billion

Origin of wealth: Diamonds

Age: 73

Country: South Africa

Oppenheimer, heir to his family’s fortune, sold his 40% stake in diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash in 2012. He was the third generation of his family to run DeBeers, and took the company private in 2001. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights with its fleet of three planes and two helicopters. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.

Did You Know?

-Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa.

-Oppenheimer is a sports fan and plays squash, golf and cricket. Notepads in his office read: “Things I must do before cricket”.

4. Nassef Sawiris

Net worth: $6.3 billion

Origin of wealth: Construction, chemicals

Age: 57

Country:  Egypt

Nassef Sawiris is a scion of Egypt’s wealthiest family. His brother Naguib is also a billionaire. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas.

Did You Know?

-A University of Chicago graduate, he donated $20 million to the school in 2015 to fund scholarships in his father’s name for Egyptian students.

-Nassef Sawiris teamed up with Fortress Investment Group’s Wes Edens to purchase a majority stake in Aston Villa Football Club.

5. Johann Rupert & family

Net worth: $5.3 billion

Origin of wealth: Luxury goods

Age: 68

Country: South Africa

Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. The company is best known for the brands Cartier and Montblanc. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding co. based in Luxembourg. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land.

Did You Know?

-He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother.

-Rupert says his biggest regret was not buying half of Gucci when he had the opportunity to do so for just $175 million.

6. Issad Rebrab & family

Net worth: $3.7 billion

Origin of wealth: Food

Age: 75

Country: Algeria

Issad Rebrab is the founder and CEO of Cevital, Algeria’s biggest privately-held company. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. Rebrab has plans to build a steel mill in Brazil to produce train tracks and improve transportation logistics for sugar, corn and soy flour exports. His five children workat Cevital.

Did You Know?

-Rebrab is the son of militants who fought for Algeria’s independence from France.

-Cevital helped finance a biopic on Algerian resistance hero Larbi Ben M’hidi, who was executed by the French in 1957.

We [Algerians] have great potential; we can make up for lost time.


Issad Rebrab

7. Naguib Sawiris

Net worth: $2.9 billion

Origin of wealth: Telecom

Age: 64

Country: Egypt

Naguib Sawiris is a scion of Egypt’s wealthiest family. His brother Nassef is also a billionaire. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. He’s chairman of Orascom Telecom Media & Technology–renamed Orascom Investment Holding to reflect investments in other sectors. Family holding La Mancha has stakes in Evolution Mining, Endeavour Mining and Golden Star Resources, which operate gold mines in Africa and Australia. In 2017, he shifted ownership of La Mancha to his mother, Yousriya Loza-Sawiris, for estate planning purposes.

Did you know?

-Sawiris helped found the Free Egyptians, a liberal political party, at the onset of Egypt’s uprisings in 2011

-In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down.

I want to feel good about having done something good. Provide me with the island and I will do the rest.


Naguib Sawiris

8. Koos Bekker

Net worth: $2.3 billion

Origin of wealth: media, investments

Age: 66

Country: South Africa

Bekker is revered for transforming South African newspaper publisher Naspers into an ecommerce investor and cable TV powerhouse. He led Naspers to invest in Chinese Internet and media firm Tencent in 2001 – by far the most profitable of the bets he made on companies elsewhere. Naspers has a 31% stake in Tencent, and Bekker serves as a non-executive director at the Chinese company. It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for 3 years. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015.

Did You Know?

-His Babylonstoren estate, nearly 600 acres in South Africa’s Western Cape region, features architecture dating back to 1690, a farm, orchard and vineyard and more.

-Over the summer of 2015, he sold more than 70% of his Naspers shares.

8. Isabel dos Santos

Net worth: $2.3 billion

Origin of wealth: Investments

Age: 45

Country: Angola

Dos Santos is the oldest daughter of Angola’s longtime former president, Jose Eduardo dos Santos, who stepped down in fall 2017. Her father made her head of Sonangol, Angola’s state oil firm, in June 2016, but Angola’s new president removed her from that role in November 2017. Forbes research found that while president, Isabel’s father transferred to her stakes in several Angolan companies, including banks and a telecom firm. She owns shares of Portuguese companies, including telecom and cable TV firm Nos SGPS. A spokesperson for Isabel told Forbes that she “is an independent business woman and a private investor representing solely her own interests.”

Did You Know?

-Isabel dos Santos is nicknamed “the princess” in Angola.

-Santos’ mother, Tatiana Kukanova, met her father while he was a student in Azerbaijan. The couple later divorced.

8. Mohamed Mansour

Net worth: $2.3 billion

Origin of wealth: Diversified

Age: 70

Country: Egypt

Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GM’s biggest distributors worldwide. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. He served as Egypt’s Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital.

Did You Know?

-Mansour’s father lost his fortune, when Egypt’s then president, Gamal Abdel Nasser, expropriated his cotton trading company in 1964.

-Mansour worked as a busboy in a pizza parlor while at North Carolina State University to pay for college.

Empowering best in class management teams is the only way to transform a local player into a diversified conglomerate with multinational exposure.


Mohamed Mansour

8. Strive Masiyiwa

Net worth: $2.3 billion

Origin of wealth: Telecom

Age: 57

Country: Zimbabwe

Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho.

Did You Know?

-After studying at university in Britain, Masiyiwa worked at ZPTC, Zimbabwe’s phone company.

-He left ZPTC to start an engineering services firm, then sold it and founded Econet Wireless Zimbabwe, but had to battle the government in court for years.

8. Patrice Motsepe

Net worth: $2.3 billion

Origin of wealth: Mining

Age: 56

Country: South Africa

Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. He became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a contracting business doing mine scut work. In 1994, he bought low-producing gold mine shafts and later turned them profitable.

Did You Know?

-In 2013, the mining magnate was the first African to sign Bill Gates’ and Warren Buffett’s Giving Pledge, promising to give at least half his fortune to charity.

-Motsepe benefited from South Africa’s Black Economic Empowerment (BEE) laws, mandating that companies be at least 26% black-owned to get a government mining license.

13. Aziz Akhannouch & family

Net worth: $2.1 billion

Origin of wealth: Petroleum, diversified

Age: 58

Country: Morocco

Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. Akhannouch is Morocco’s Minister of Agriculture and Fisheries and the president of a royalist political party.

14. Mohammed Dewji

Net worth: 1.9 billion

Origin of wealth:  Diversified

Age: 43

Country: Tanzania

Mohammed Dewji is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. METL operates in at least six African countries and has ambitions to expand to several more. Dewji, Tanzania’s only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes.

Did You Know?

-Dewji retired from Tanzania’s parliament in early 2015 after completing two terms.

-Dewji, who is known as Mo (short for Mohammed), launched Mo Cola several years ago to compete with Coca-Cola.

15. Othman Benjelloun & family

Net worth: $1.7 billion

Origin of wealth: Banking, insurance

Age: 86

Country: Morocco

Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. His father was a shareholder in RMA Watanya, a Moroccan insurance company; Benjelloun built it into a leading insurer.  Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. Benjelloun inaugurated a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. It will be one of the tallest buildings in Africa. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies.

Did You Know?

-He co-owns Ranch Adarouch, one of the biggest cattle breeders in Africa.

-Benjelloun and his wife received the David Rockefeller Bridging Leadership Award for building schools in rural Morocco in 2016.

16. Abdulsamad Rabiu

Net worth: 1.6 billion

Origin of wealth: Cement, sugar

Age: 58

Country: Nigeria

Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. In December 2018, Rabiu merged his privately-owned Kalambaina Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. His BUA Group also owns Obu Cement, which expanded its production with a new line in 2018. Rabiu, the son of a businessman, inherited land from his father. He set up his own business in 1988 importing iron, steel and chemicals.

17. Yasseen Mansour

Net worth: $1.5 billion

Origin of wealth:  Diversified

Age: 57

Country: Egypt

Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. He’s chairman of Palm Hills Developments, one of Egypt’s biggest real estate developers.

Did You Know?

-U.S. private equity firm Ripplewood has a stake in Palm Hills Developments.

-Mansour Group is the sole franchisee of McDonald’s in Egypt, as well as the distributor of Gauloises cigarettes.

18. Youssef Mansour

Net worth: $1.2 billion

Origin of wealth: Diversified

Age: 73

Country: Egypt

Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for L’Oreal in Egypt. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group.

Did You Know?

-Former Egypt President Gamal Abdel Nasser nationalized his father’s original cotton trading business.

-Mansour is a founding member of the American Egyptian Chamber of Commerce.

19. Folorunsho Alakija

Net worth: $1.1 billion

Origin of wealth: Oil

Age: 68

Country: Nigeria

Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. Famfa Oil’s partners include Chevron and Petrobras. Alakija’s first company was a fashion label whose customers included the wife of former Nigerian president Ibrahim Babangida. The Nigerian government awarded Alakija’s company an oil prospecting license in 1993, which was later converted to an oil mining lease. The Agbami field has been operating since 2008; Famfa Oil says it will likely operate through 2024.

19. Michiel Le Roux

Net worth: $1.1 billion

Origin of wealth: Banking

Age: 69

Country: South Africa

Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. The bank, which trades on the Johannesburg Stock Exchange, targets South Africa’s emerging middle class. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. Le Roux previously ran Boland Bank, a small regional bank in Cape Town’s hinterland.

Did You Know?

-The bank has more than 800 branches and over 13,000 employees.

-Fellow South African Jannie Mouton’s PSG Group owns a 30% stake in Capitec Bank

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Highest-Paid TV Actors 2018: Jim Parsons Leads With $26.5 Million

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Big Bang Theory may be in its final season, but its stars are still making millions for now. Four of the top five highest-paid TV actors have the CBS hit comedy to thank for their monumental paydays, including top-ranked Jim Parsons, who pocketed $26.5 million pretax in the 12 months preceding June 1, 2018.

Parsons claimed the top spot for the fourth year in a row, edging Johnny Galecki (No. 2, $25 million) with additional cash from endorsements and executive producing spinoff Young Sheldon. The pair’s Big Bang Theory co-stars, Kunal Nayyar and Simon Helberg, tie at No. 3 ($23.5 million) with fewer side projects to juice their main salaries.

All four Big Bang Theory stars saw their paychecks drop from last year after the original cast opted to take a cut from an estimated $1 million an episode to $900,000 in an effort to boost Mayim Bialik and Melissa Rauch’s fee. But they still snag points of the show’s back-end, which adds an estimated seven figures a year for each.

Rounding out the top five is NCIS‘s Mark Harmon, who banks big bucks from the CBS police procedural. Like the Big Bang Theory cast, he has smartly negotiated a cut of the show’s profits.

Together, the world’s 10 highest-paid TV actors earned $181 million between June 1, 2017, and June 1, 2018, down from $185 million in the same period last year.

New to the list is Andrew Lincoln from The Walking Dead, who joins the ranking for the first time thanks to his paycheck from his final season on the AMC show. Expect co-star Norman Reedus to replace him among TV’s top-earners next year since Lincoln bowed out — and Reedus reportedly negotiated a raise.

The only actor to drop off the ranking is Kevin Spacey, who was accused of several counts of sexual misconduct and was dropped from his role of Frank Underwood on House of Cards. (He has denied the allegations.) With no new episodes in our scoring period, the disgraced actor failed to make the cut.

METHODOLOGY

All earnings estimates are from June 1, 2017, through June 1, 2018. Figures are pretax; fees for agents, managers and lawyers are not deducted. Earnings estimates are based on data from Nielsen, Box Office Mojo and IMDB, as well as interviews with industry insiders.

The World’s Highest-Paid Actors 2018

1. Jim Parsons

Earnings: $26.5 million

Primary Show: Big Bang Theory

2. Johnny Galecki

$25 million

Big Bang Theory

3. (tie) Simon Helberg

$23.5 million

Big Bang Theory

3. (tie) Kunal Nayyar

$23.5 million

Big Bang Theory

5. Mark Harmon

$19 million

NCIS

6. Ed O’Neill

$14 million

Modern Family

7. Eric Stonestreet

$13.5 million

Modern Family

8. Jesse Tyler Ferguson

$13 million

Modern Family

9. Ty Burrell

$12 million

Modern Family

10. Andrew Lincoln

$11 million

The Walking Dead

-Natalie RobehmedForbes Staff

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