Morocco’s economy is relatively liberal, and is governed by the law of supply and demand. The nation is a major player in African economic affairs. Tourism is one of the most important sectors in Moroccan economy. The country has also seen a number of Hollywood movies set within the country in recent years including the Sex and the City franchise and Disney’s Prince of Persia.
These are the richest people in Morocco as of 2015, according to Forbes magazine.
1) Othman Benjelloun – $2.8 Billion
Othman Benjelloun has business interests in banking, insurance and telecom in Morocco through his holding company, FinanceCom. He is the CEO of BMCE Bank, one of the country’s largest banks, which is active in 20 African countries. Its oversea operations contribute more than 40% of the bank’s net income.
Earlier in the year 2014, Benjelloun announced plans to build a rocket-shaped tower more than 30 stories high as BMCE‘s new headquarters; it will loom over Casablanca. FinanceCom also runs Paris-based money management firm FinanceCom Asset Management, which has vested interests in companies in Nigeria, South Africa, Morocco, Kenya, and Ghana, among others.
2) King Mohammed VI – $2.1 Billion
In July 2014, King Mohammed VI of Morocco celebrated his 15th year on the throne. He inherited an estimated 40% stake in Societe Nationale d’Investissement (SNI); a large, formerly state-owned Moroccan investment company that has controlling stakes in the country’s largest bank – Attijariwafa, mining company – Managem Group, sugar producer – Cosumar, dairy firm – Centrale Laitiere and other assets from his father; the late King Hassan II. Several of these companies are publicly traded. He is one of the richest presidents in Africa.