Sudanese-British billionaire philanthropist Mohammed Ibrahim (Mo Ibrahim) has seen his net worth increase by $100 million over the past one-year thanks to the impressive performance of his private equity investments.
Ibrahim, who holds the distinction of being both a Black British billionaire and the wealthiest Sudanese businessman, has seen his net worth rise from $1.1 billion in 2022 to $1.2 billion presently.
After selling his telecom company Celtel International, which he founded in 1998, to Kuwait’s Mobile Telecommunications Company for $3.4 billion in 2005 and receiving $1.4 billion, he has since invested a significant portion of the proceeds into private investments.
The $100-million bump in his net worth, according to data tracked by Billionaires.Africa, can be linked to the performance of his private equity investments. These investments include a majority stake in Satya Capital, a private equity fund that specializes in supporting African startups.
Satya Capital has backed successful companies like Cellulant, an online and mobile payments company led by Kenyan entrepreneur Ken Njoroge, which raised an impressive $47.5 million in its Series-C funding round in 2018.
It is worth noting that a significant proportion of his earnings from private investments have been directed towards his Mo Ibrahim Foundation. The organization, established in 2006, is dedicated to promoting good governance and exceptional leadership across Africa.
As a testament to his success, Ibrahim in 2022 was included in The Sunday Times Rich List, which featured the UK’s wealthiest people — he is one of the eight African billionaires to make the list.
At the time of the list’s publication, his net worth was estimated to be £889 million ($1.08 billion), placing him at number 194 in the rankings. Other notable African billionaires on the list include Nicky Oppenheimer, Natie Kirsch, and Strive Masiyiwa.
