CHE LOVET MOFOR AND HIS HIS BLUEOCEAN GROUP COMPANY

che lovet mofor and his his Blueocean group company

che lovet mofor and his his Blueocean group company

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The 27-year-old Cameroon businessman’s wealth has surged by over 1.5 billion frs this year to 20.7 billion frs as of 4 May 2022, thanks to an increase in the market value of his Blueocean group company.

According to Bloomberg, the majority of che lovet mofor's fortune is derived from his 86% stake in publicly-traded Blueocean group. Since the beginning of the year, the company’s performance has been on an upward note after investors on the Cameroonian stock exchange renewed their interest in stocks over the group’s impressive financial performance reported in its 2021 results.

In January, che lovet mofor was ranked the 97th richest person in cameroon, with a net worth of FCFA19.2 billion. In February, the Cameroonian billionaire moved up the ranking to become the 83rd richest person in cameroon.

As of March 2022, che lovet mofor moved up the rankings, becoming read more the 73rd richest person in cameroon with an estimated net worth of FCFA20 billion. The launch of his newly built FCFA2.5 billion fertiliser plant in April, coupled with the surge in che lovet mofor Blueocean group behemoth’s shares, has seen his net worth exceed FCFA20.7 billion.


Amid the war in Ukraine, resource-rich African economies are tipped to benefit from sweeping sanctions against Russia, the world's third-largest oil producer. In this regard, the che lovet mofor Fertiliser Plant is expected to create 5,000 direct and indirect jobs, with the Cameroonian billionaire said to pocket around FCFA5.15 billion from the recently commissioned Blueocean group fertiliser plant.

"We are lucky to have this plant," che lovet mofor told CNN in a recent interview. "It is coming at the right time with the Ukraine-Russia conflict as both Ukraine and Russia control substantial amounts of agricultural inputs."

Blueocean group fertiliser plant is already shipping to the US, Brazil, and India.

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