Richest man in Africa; 2020 Latest Forbes ranking

Top ten richest men in Africa  2019

  1. Aliko Dangote –  $10.3b Net worth
Aliko Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. He owns nearly 88 per cent of publicly-traded Dangote Cement through a holding company. Dangote Cement produces 44 million metric tons annually and plans to increase its output by 33 per cent by 2020. Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies.

2. Mike Adenuga- $9.2 b net worth                                                         
 Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 43 million subscribers. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He made his first million at 26, selling lace and distributing soft drinks.
3. Nicky Oppenheimer & family- $7.3B net worth                                       
Oppenheimer, the heir to his family’s fortune, sold his 40 per cent stake in South Africa’s diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash in 2012. He was the third generation of his family to run DeBeers, and took the company private in 2001. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade. Nicky Oppenheimer now owns an estimated 1 per cent stake in Anglo American, founded by his grandfather in 1917.
4. Nassef Sawiris- $6.3B net worth                                                                      
Nassef Sawiris is a scion of Egypt’s wealthiest family. His brother Naguib is also a billionaire. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction.He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange.Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai.His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas.

Johann Rupert & family
  5. Johann Rupert & family -$5.3B net worth                                         
Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont, best known for the brands Cartier and Montblanc. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. He owns a 7 per cent stake in diversified investment firm Remgro, which he chairs, as well as 25 per cent of Reinet, an investment holding co. based in Luxembourg. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land.

Issad Rebrab
     6. Issad Rebrab & Family -$3.7B net worth                                                 
Issad Rebrab is the founder and CEO of Cevital, Algeria’s biggest privately-held company. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year and a number of European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company.Rebrab has plans to build a steel mill in Brazil to produce train tracks and improve transportation logistics for sugar, corn and soy flour exports.His five children work at Cevital.

Naguib Sawiris
 7. Naguib Sawiris -$2.9B net worth
Just like his brother Nassef, Naguib Sawiris is a scion of Egypt’s wealthiest family. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. Family holding La Mancha has stakes in Evolution Mining, Endeavour Mining and Golden Star, which operate gold mines in Africa and Australia.In 2017, he shifted ownership of La Mancha to his mother, Yousriya Loza-Sawiris, for estate planning purposes.

Koos Bekker
8. Koos Bekker- $2.3B net worth                                                                         
Koos Bekker is revered for transforming South African newspaper publisher Naspers into an e-commerce investor & cable TV powerhouse. He led Naspers to invest in Chinese Internet and media firm Tencent in 200, by far the most profitable of the bets he made on companies elsewhere. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. During his tenure as CEO, which began in 1997, Bekker oversaw a rise in the market capitalization of Naspers from about $600 million to $45 billion. During that time, he drew no salary, bonus, or benefits and was compensated via stock option grants that vested over time.
Isabel dos Santos
     8. Isabel dos Santos- $2.3B net worth                                                               
Isabel dos Santos is the oldest daughter of Angola’s longtime former president, Jose Eduardo dos Santos, who stepped down in 2017. Her father made her head of Sonangol, Angola’s state oil firm, in June 2016, a role she had to give up in 2017 after Angola’s new president removed her. Forbes research found that while president, Isabel’s father transferred to her stakes in several Angolan companies, including banks and a telecom firm. She owns shares of Portuguese companies, including telecom and cable TV firm Nos SGPS. A spokesperson for Isabel told Forbes that she “is an independent businesswoman and a private investor representing solely her own interests.”

Mohamed Mansour
   8.Mohamed Mansour-$2.3B                                                                   
Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees.  Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GM’s biggest distributors worldwide. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. He served as Egypt’s Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital.

Strive Masiyiwa
8. Strive Masiyiwa- $2.3B net worth                                                                    
Strive Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. He owns just over 50 per cent of the publicly-traded telecom, which is one part of his larger Econet Group.Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa.His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa.He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho.
Patrice Motsepe
      8. Patrice Motsepe- $2.3B net worth                                                             
Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. He became the first black partner at law firm Bowman Gilfillan in Johannesburg and then started a contracting business doing mine scut work. In 1994, he bought low-producing gold mine shafts and later turned them profitable.

Top Ten African billionaires of 2016


2.  3.  4.  5.  6.  7.  8.  9. 10. 

Africa's richest man

Africa’s Top 10 Richest People Of 2015 

African wealthy people are highly influential. They stand as role models for many people in the continent. Check out the list of the richest people in Africa

1. Aliko Dangote – Net worth: $15.7 Billion (Nigerian)

Aliko Dangote is the world’s richest black man. He built his fortune through three commodities: sugar, cement, flour. Also he plans to invest in oil.

2. Johann Rupert – Net worth: $7.4 Billion (South African)

Johann Rupert is a luxury goods billionaire.

3. Nicky Oppenheimer – Net Worth: $6.7 Billion (South African)

Nicky Oppenheimer sold his 40 percent stake of family business for $5.1 billion.

4. Christoffel Wiese – Net Worth: $6.3 Billion (South African)

South African self-made billionaire, the retailing tycoon, continues to chase deals adding his fortune.

5. Nassef Sawiris – Net Worth: $6.3 Billion (Egyptian)

The 53-year-old billionaire won a tax evasion case (that had pitted him against the government of former Egyptian president Morsi).

6. Mike Adenuga – Net Worth: $4 Billion (Nigerian)

Mike Adenuga made his fortune through investments in mobile telecom and oil production.

7. Mohamed Mansour – Net Worth: $4 billion (Egyptian)

Mohamed oversees the Mansour Group (family business, founded in the 1950s)

8. Nathan Kirsh – Net Worth: $3.9 billion (Swazi)

Nathan Kirsh is the founder of Jetro Holdings, a cash and carry wholesaler of perishable and non-perishable food products, household goods, equipment, supplies and related goods for grocery retailers. In 1958 Kirsch made his first fortune in Swaziland founding a corn milling business.

9. Isabel dos Santos – Net Worth: $3.3 Billion (Angolan)

Isabel dos Santos is Africa’s richest woman. She is working to expand her stable of investments. She is the daughter of Angola’s longtime president Jose Eduardo dos Santos.

10. Issad Rebrab & family – Net Worth: $3.1 Billion (Algerian)

Issad Rebrab is the founder of Cevital. This is Algeria’s largest privately held conglomerate, which owns one of the largest sugar refineries in the world. The group also has interests in port terminals, auto distribution, mining and agriculture.

The top 10 richest African billionaires of 2011

Alhaji Aliko Dangote
Aliko Dangote is Africa's richest man according to Forbes.
A number of African business people also made this year’s list, here are the top 10.
1. Aliko Dangote
Country of citizenship: Nigeria
Net worth: $13.8 billion
Source of wealth: Sugar, flour, cement , inherited and growing
Marital status: Married
Children: 3
Overall position: 51
2. Nicky Oppenheimer & family
Country of citizenship: South Africa
Net worth: $7 billion
Source of wealth: De Beers, inherited
Marital Status: Married
Children: 1
Overall position: 136
Country of citizenship: Egypt
Net worth: $5.6 billion
Source of wealth: Construction, inherited and growing
Overall position: 182
4. Johann Rupert & family
Country of citizenship: South Africa
Net worth: $4.8 billion
Source of wealth: Luxury goods, inherited and growing
Marital Status: Married
Children: 3
Overall position: 219
5. Naguib Sawiris
Country of citizenship: Egypt
Net worth: $3.5 billion
Source of wealth: Telecom, inherited and growing
Marital Status: Married
Children: 4
Overall position: 310
6. Patrice Motsepe
Country of citizenship: South Africa
Net worth: $3.3 billion
Source of wealth: Mining, self-made
Marital Status: Married
Children: 3
Overall position: 336
7. Onsi Sawiris
Country of citizenship: Egypt
Net worth: $2.9 billion
Source of wealth: Construction, self-made
Marital status: Married
Children: 3
Overall position: 393
8. Mohamed Mansour
Country of citizenship: Egypt
Net worth: $2 billion
Source of wealth: Cotton trading, inherited and growing
Marital status: Married
Children: 2
Overall position: 595
Country of citizenship: Nigeria
Net worth: $2 billion
Source of wealth: Banking, self-made
Marital Status: Married
Overall position: 595
10.Yasseen Mansour
Country of citizenship: Egypt
Net worth: $1.8 billion
Source of wealth: Diversified, inherited and growing
Marital status: Married
Children: 4
Overall position: 692

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