Moroccan billionaires

Articles

• Marrakech Poised to Join Elite Club of Cities with Ultra-Wealthy Residents
  9 April, by Sylvanus

  No Moroccan city - or even African city - is among the top 50 richest cities in the world in 2025. However, a Moroccan city is among those that will have the most centi-millionaires over the next decade.
  With 384,500 wealthy people (including 818 resident centi-millionaires and 66 billionaires), New York tops the top 50 list of the world’s richest cities in 2025, established by Henley & Partners and New World Wealth, who have published their fourth annual report. It is followed by the (…)

• Forbes Ranks Two Moroccan Billionaires Among Africa’s Wealthiest
  7 February 2023, by Sylvanus

  Two Moroccans are featured in the 36th annual ranking of the largest African fortunes by the American economic magazine Forbes, released in early February.
  Aziz Akhannouch, 61, and Othmane Benjelloun, 89, remain the two Moroccans present in the top 19 of the largest African fortunes. With an estimated fortune of $1.5 billion at the end of 2022, lower than his estimated fortune in 2021 ($2.2 billion), the former occupies the 13th place on the Forbes list. The current head of government, (…)

• Viral Rumor of Moroccan ’Billionaire’ Exposes Tax Amnesty Tensions
  31 December 2024, by Said

  A rumor has been swelling in recent days on Moroccan social networks: a man, Brahim Ouâli, would have deposited 14 million dirhams in a bank in Agadir, as part of the ongoing tax regularization.
  This story, which was first perceived as a joke, quickly gained momentum, generating numerous comments and questions, reports Achkayen. The tax regularization, set up to encourage citizens to regularize their financial situation, has opened the door to many speculations and the spread of sometimes (…)

• Morocco’s Agriculture Minister Tops Forbes’ Richest List with $2.1 Billion Fortune
  14 January 2019, by Said

  With a fortune estimated at $2.1 billion, the businessman but also Minister of Agriculture Aziz Akhannouch is now the richest man in Morocco.
  This is the result of the latest ranking of African billionaires just published by Forbes magazine, which also includes Othman Benjelloun, chairman of the BMCE group, with an estimated fortune of $1.7 billion.
  In Africa, it is the Nigerian Aliko Dangote who is now considered the richest man in Africa with a fortune estimated at $10.3 billion. He (…)

• Moroccan Minister Tops Forbes List as Nation’s Wealthiest Billionaire
  5 March 2019, by Said

  As every year, the American magazine Forbes unveils its annual ranking of billionaires, in which two Moroccan billionaires are once again found, including the quasi-immovable Minister of Agriculture Aziz Akhannouch.
  The head of the Akwa group is ranked 1138th in the world with a fortune estimated at some $2 billion, up $500 million from the 2017 ranking where he was ranked 1,376th in the world, but down from last year ($2.2 billion). The businessman is present in various fields, including (…)

• Moroccan Billionaire Challenges Fuel Monopoly with Spanish Partnership
  15 July 2019, by Kamal

  Hassan Derham is currently in negotiations with the Spanish company "Cepsa", specialized in the fuel sector, with a view to commissioning 100 stations in several Moroccan cities, before reaching a target of 500 units in the medium term. He thus takes advantage of the expertise of the Spanish company and the advantages granted by the Ministry of Energy and Mines.
  As a result, the billionaire would be a serious competitor for the Moroccan Minister Aziz Akhannouch, who holds a monopoly on the (…)

• Moroccan Billionaires Dodge $120 Million in Taxes Through Festival Sponsorships
  18 July 2019, by Kamal

  The tax evasion known in the business world in Rabat means that several companies and Moroccan billionaires have avoided paying more than 1.2 billion dirhams in taxes, thus accumulating huge fortunes.
  According to the daily Al Massae, companies and major personalities are trying to justify the accumulated billions by subsidizing festivals and artistic activities. Contributions that the newspaper describes as derisory, compared to the amounts of tax royalties.
  This shortfall is (…)

• King Mohammed VI of Morocco Ranks Among World’s Wealthiest Monarchs, Fortune Estimated at $2.1 Billion
  31 August 2019, by Bladi.net

  With a fortune estimated at $2.1 billion, King Mohammed VI is one of the ten largest royal fortunes in the world, according to a ranking compiled by an American website.
  It is Prince Albert II of Monaco who holds the rear of this Top 10, with a fortune estimated at $1 billion, which would represent, among other things, a quarter of the lands on which he reigns as well as a collection of vintage cars. In 9th position comes Emir Sheikh Tamim bin Hamad Al Thani of Qatar who inherited the (…)

• Forbes Ranks Two Moroccan Billionaires Among Africa’s Top 20 Wealthiest
  21 January 2020, by Sylvanus

  Two Moroccans are among the top 20 in the ranking of African billionaires, published by the famous American business magazine, Forbes.
  Minister and businessman Aziz Akhannouch and banker and businessman, Othmane Benjelloun, are the two Moroccan billionaires who are among the 20 wealthiest Africans. The former is in 15th place with an estimated fortune of $1.7 billion, while the latter is ranked 17th with $1.4 billion.
  Nigerian businessman Aliko Dangote is undefeatable. For the 9th time, (…)

• Moroccan Billionaires Donate $200 Million to National Coronavirus Fund
  18 March 2020, by Sylvanus

  The two Moroccan billionaires have decided to contribute to the fund to fight the coronavirus.
  Othmane Benjelloun, chairman of Bank Of Africa (ex-BMCE Bank) and Aziz Akhannouch, Minister of Agriculture and Maritime Fisheries, also a major shareholder of the Afriquia company, each make a donation of one billion dirhams. This individual donation represents one-tenth of the special fund named the Fund for the Management of the Coronavirus Pandemic.
  "We are mobilized soldiers to contribute (…)