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| Description: 3. Sir Sam Jonah Source Of Wealth: Investments (Anglogold Ashanti, Mett Insuarance, Bayport Financial Services, ) Net Worth: $1.2 Billion Sir Sam Jonah reached the prime of his career when he led the $1.48 billion merger between Ashanti Goldfields and AngloGold in 2004. A lot of mining companies have benefited from Sam Jonah’s expertise in the mining industry. Sam’s equity fund, Jonah Capital owns 14 mineral resource assets across 10 countries in Africa. Sam helped Equinox Minerals; a mining exploration company based in Zambia to increase its market share capitalization in 2006 and was sold to the Barrick Gold Corporation for $7.4 million. Moto Goldmines, another mining company which benefited from Jonah’s experience in mining, grew from a $50 million market capitalization company and was sold to Randgold Resources and AngloGold Ashanti in October, 2009. When he became chairman and shareholder of Scharrighuisen (buying in on concessionary terms), Jonah went on to rebrand Scharrighuisen as a new mining services company to be called Sentula Mining. Jonah Capital and Coronation Capital were the two largest shareholders when they sold some of their shares, at around $2.60. The combined sales were reported to amount to $85.4 million. According to Vodafone Group Plc’s 2014 Annual Report, Sam Jonah is paid an annual salary of GBP 151,000 and benefits of GBP 160,000 for being a non-executive director at Vodafone Group Plc, his interest in shares also stood at 30,190 shares. He has served a non-executive board member since 2009. |
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