He sold Celtel in 2005 for $3.4 billion and used the proceeds to launch the Mo Ibrahim Foundation, which works to improve governance and leadership in Africa.
Mohammed Ibrahim is a British billionaire with a net worth of $1.1 billion. He is a Sudanese native who made his fortune as the founder of Celtel, one of the first phone companies to serve Africa and the Middle East. After selling Celtel in 2005 for $3.4 billion, he used the proceeds to launch the Mo Ibrahim Foundation, which works to improve governance and leadership in Africa.
Mohammed Ibrahim is a member of Richest Billionaires
💰Mohammed Ibrahim Net worth: $1.2 Billion
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In 2005, when he decided to sell Celtel for $3.4 billion, the company already numbered over 24 million mobile phone subscribers in 14 countries. Ibrahim pocketed a total of $1.4 billion from the deal. Now, he is mainly focused on fighting corrupt leadership in the region through his Mo Ibrahim Foundation. The foundation grants a lifetime award of $5 million over 10 years to retired African heads of state who have made their countries materially better off and more transparent. It also publishes the Ibrahim Index of African Governance that ranks governments by their ability to ensure sustained economic opportunity and the rule of law.
