Madagascar is one of the poorest countries in Africa with more than 75% of its population falling below the poverty level of $50 a year. But in the midst of such glaring poverty, a few Malagasy have built extremely successful companies and created incredible wealth in the process.
Meet 10 Malagasy millionaire entrepreneurs who own companies that have annual revenues of more than $100 million.
10. Edgard Razafindravahy
Razafindravahy, 56, is the chairman of the Prey group, a conglomerate which today comprises more than 10 companies including trading company Sitram Ecoprim and the L’ Express de Madagascar daily newspaper, Madagascar’s bestselling newspaper.