2023 Top 10 Richest People in Cameroon — Have you ever wondered who are the 2023 top 10 richest people in Cameroon. Top Most 10 outlines the 2023 richest people in Cameroon in this article. This was made possible by diving deep into the finances and pockets of the top business tycoons, politicians and influential people in the country to check how much they are worth.
As indicated by world bank, there are significant rising of millionaires impressions in Cameroon. Take a look at the 2023 top 10 richest people in Cameroon.
Here are the 2023 top 10 Richest People in Cameroon and their net Worth
1. President Paul Biya
The exact net worth of Paul Biya, the current President of Cameroon, is not known as his personal wealth is not publicly disclosed. However, various reports estimate his net worth to be in the range of several hundred million to several billion US dollars. It is worth noting that Cameroon is a country with significant natural resources, and allegations of corruption have been leveled against Biya and his government.
2. Baba Ahmadou Danpullo
Baba Ahmadou Danpullo is a Cameroonian businessman who is considered one of the wealthiest people in Cameroon. He was born on December 26, 1951, in the North West Region of Cameroon. He is the founder and CEO of the Baba Ahmadou Group, a conglomerate with interests in industries such as real estate, agriculture, telecommunications, and transportation.
According to Forbes Magazine, as of September 2021, Baba Ahmadou Danpullo had an estimated net worth of $940 million, making him the second richest person in Cameroon after André Siaka. He is known for his philanthropic activities, particularly in the areas of health, education, and community development in Cameroon.
Danpullo operates through the family holding Baba Ahmadou Group, a diversified conglomerate with operational headquarters in Douala, the economic metropolis of Cameroon.
3. Paul Fokam Kammogne
Paul Fokam Kammogne is a Cameroonian businessman and philanthropist who is considered one of the most successful entrepreneurs in Cameroon. He was born on January 10, 1964, in the West Region of Cameroon. He is the founder and CEO of Afriland First Bank, one of the largest banks in Cameroon with branches in several other African countries.
Fokam Kammogne is also known for his philanthropic activities. He is the founder of the Paul and Marie Fokam Institute of Excellence, a non-profit organization that provides educational opportunities for underprivileged children in Cameroon. He has also supported various other charitable organizations in Cameroon and other African countries.
As of September 2021, Forbes Magazine estimated Paul Fokam Kammogne’s net worth to be $540 million, making him one of the richest people in Cameroon.
4. Samuel Foyou
Samuel Foyou is a Cameroonian businessman and industrialist. He is one of the 10 greatest fortunes of 2019 in French-speaking black Africa, according to Forbes magazine.
He owns Fermencam, Montparagon, Unalor, a match production company acquired from the Fotso group in 2009, Plasticam, Sotrasel (production of cooking salt), Biscuiterie Samuel Foyou (BSF), and the Moore Paragon printing house.
In 2014, he undertook in the Akwa district, in the city center of Douala, the construction of the first 5-star hotel of the Krystal palace chain4. The hotel was inaugurated on December 17, 2021 by Prime Minister Joseph Dion Ngute. He also embarked on a brewing activity, the Samuel Foyou Brewery Company.
Samuel Foyou asked the Cameroonian State for an area of 2000 hectares to plant fruit trees, in order to produce natural juice for export. This could align with his brewery project.
He is also the majority shareholder of the Cameroonian Fermentation Company (Fermencam), a distillery acquired in 2006 from Victor Fotso, with a turnover of Cfa 12 billion francs in 2013.
5. Baba Wame
Doctor of Information and Communication Sciences from Univ.Paris II (France), Baba Wamé is a journalist and university professor. An ICT specialist, he has been teaching Cyberjournalism and ICT courses at Univ.Yaoundé II (Cameroon) since 2007.
A journalist, he was an editor in traditional and digital media in France. He is the founder of telecommunications company YooMee and has interests in real estate and the oil and gas sector.
6. Adolphus Fokam
Adolphus Fokam is a Cameroonian businessman and the founder of the Afriland First Group, a financial institution that operates in several African countries.
Dr. Fokam sits on the Boards of several international organisations including the Mandela Endowment, Partnership to CutHunger and Poverty in Africa, theConsultative Group to Assist the Poorest, and the Gatsby Charitable Foundation, amongst others.
He is, amongst others, winner of the German Prize for African Excellence, Knight of the Order of Valor of the CEMAC. He is initiating and promoting of several initiatives for the emergence of a new Africa. His vision is to restore the African’s dignity.
7. Alphonse Nafack
He is the founder of the Cameroonian technology company Afrostream. Alphonse Nafack is a banker at heart and has been the General Manager of Afriland First Bank for many years.
Alphonse Nafack is a banker at the grassroots level and has been the general manager of Afriland First Bank for many years. He is the director of the Apeecam.
8. Amadou Vamoulké
He is a businessman with interests in media and telecommunications. Colin Ebarko Mukete is the Chairman of the Board of Directors of MTN-Cameroon, of which he holds 30% of the shares. This English-speaking tycoon, who lives between New York and Douala, is also the founder of Spectrum Television, a media group consisting in particular of the STV1 channel (music and entertainment) and the generalist STV2, led by Senegalese journalist Mactar Silla.
His entrepreneurial power ranks him in 2019 among the greatest fortunes in French-speaking sub-Saharan Africa. He would sit on $390 million, or 229 billion CFA francs.
9. Nana Bouba
Nana Bouba is a Cameroonian Peul industrialist and businessman1. Cameroon’s sixth fortune and nineteenth in French-speaking sub-Saharan Africa in 20152, with a fortune estimated at $310 million according to the Forbes Africa ranking.
He owns the NBG group, an empire supposed to weigh $260 million. Making him the richest man in North Cameroon. His group operates in distribution
10. Sylvestre Ngouchinghe
Sylvestre Ngouchinghe is a Cameroonian businessman from the city of Bafoussam. He began his career as a salesman in western Cameroon. He then made his fortune through commercial fish import and trading activities in Cameroon.
He owns Congelcam, the largest fishmonger in Cameroon2, a fish trading and distribution company. It thus controls 70% of the fish market in Cameroon