39) Desmond Sacco – Net Worth: $680 Million (South African)

Desmond Sacco lost money due to steep decline in Assore Group’s stock price. This is due to drop in a price of iron ore. He is the chairman and managing director of the company.

38) Bhimji Depar Shah – Net Worth: $700 Million (Kenyan)

Bhimji Depar Shah is the founder of Bidco Industries, which is one of the largest manufacturers of edible oil in Tanzania. The annual revenue of the company is more than $500 million.

37) Mohamed Bensalah Net Worth: $700 Million (Moroccan)

This 44-year-old Moroccan millionaire heads Holmarcom Group, a family holding company founded by his late father. The group boosted its take in Atlanta in April by 30 percent, making the insurer its largest single holding.

SEE ALSO – Top 20 Youngest billionaires in the World 2015 + How they became filthy Rich (With Pictures)