Morocco’s economy is controlled by the law of supply and demand and is generally liberal. The country is a prime player in economic affairs in Africa. Tourism is a standout amongst the most essential segments in Moroccan economy. The nation has likewise seen various Hollywood films set in the country lately including the Sex and the City and Disney’s Prince of Persia.
These are the wealthiest individuals in Morocco by 2015, as indicated by Forbes magazine.
1) Othman Benjelloun – $2.8 Bllion
Othman Benjelloun has business in the fields of insurance, banking and telecom in Morocco through his holding organization, FinanceCom. He is the Chief Executive Officer of BMCE Bank, one of the nation’s biggest banks which are operating in 20 African nations. Its overseas operations contribute more than 40% of the bank’s net wage.
Prior in the year 2014, Benjelloun declared its intention to construct a rocket-formed tower more than 30 stories high as BMCE’s new base camp that will loom over Casablanca. FinanceCom likewise runs money management firm FinanceCom Asset Management based in Paris which has personal stakes in organizations in South Africa, Nigeria, Kenya, Morocco, and Ghana, among others.
2) King Mohammed VI – $2.1 Billion
In July 2014, Morocco’s very own King Mohammed VI commemorated his fifteenth year on the position of royalty. He acquired an valued 40% stake in SocieteNationaled’Investissement (SNI); an extensive, a previous state-owned Moroccan investment organization that has controlling stakes in the nation’s biggest bank – Attijariwafa, proucer of sugar – Cosumar, mining organization – Managem Group, dairy firm – CentraleLaitiere and different resources from his dad; the late King Hassan II. A few of these organizations are traded in public.
3) Aziz Akhannouch – $1.8 Billion
Aziz Akhannouchowns the lion share of the Akwa Group, a multibillion-dollar Moroccan conglomerate with personal stakes in gas, chemicals and petroleum, through its publicly traded companiesAfriquia Gas and Maghreb Oxygene. He is additionally into real estate, media, and hotels. Akwa Group was established by Akhannouch’s dad. While in the public service as Morocco’s Minister of Agriculture and Fisheries, he gave the management of the business to Ahmed Wakrim’s child – Ali Wakrim. His significant other, Salwa Idrissi, runs her own organization, which creates shopping centers. Her organization additionally holds the Moroccan franchises for fashion companies likeZara,Gap, and Galeries Lafayette, among other design brands.
4) MiloudChaabi – $1.3 Billion
MiloudChaabi’sYnna Holdings are consumer goods and real estate. It holds premiums in grocery stores, hotels and real estate, and owns the lion share of SNEP, a manufacturer of chemicals in Morocco. Based on the Moroccan pressin 2014, bits of gossip started to surface that Ynna was confronting money difficulties, inciting Chaabi’s child – Omar to deny that the company was hard hit by a fall of real estate market, because of its diversified investment. (He however hasn’t reacted to Forbes’ questions on the same matter). As if agreeing with the rumor, Chaabi’s total assets went down comparable to a year ago because of lower multiples for comparable publicly traded organizations. In a talk with JeuneAfrique in July, Omar didn’t unveil income figures, yet shared his dad’s enthusiasm for super sports cars; Maseratisand Ferrari. Miloud is likewise stated to gather artworks by Moroccan artisans and he is additionally an avid golf player.
5) Anas Sefrioui – $1.1 Billion
Anas Sefrioui, head of GroupeAddoha, a publicly traded homebuilder, have cordial association with the Government, winning government contracts to develop minimal costhousing in Morocco. Be that as it may, government reductions have as of late harmed GroupeAddoha. In 2013, net profit dropped 11% to $189 million. The organization declared in March it would purchase back stock to fight the drop, yet shares fell still. While trying to expand his business and recoup from his losses, Addoha is accelerating extension all over Africa. In the previous year alone, the organization reported its idea to fabricate a concrete industrial facility and low income lodging in Ghana, Mali, and Chad.