The Richest People in Africa

Who is the richest man in Africa? This is the 33rd year of tracking Global wealth income and this list has been pretty much our favorite.

Africa has been home to several billionaires and it doesn’t come as a surprise that most of them are self-made because they have taken advantage of challenges and potentials in Africa and have utilized them to make a lot of money. Here is a list of the top 10 Richest men in Africa.

10. Mohamed Mansour($2.3 Billion)

Mohamed Mansour comes from the family that owns the Mansour Group which today has a presence in 110 countries and total revenues exceeding $6 billion. Mansour gained an engineering degree from North Carolina State University in 1968, once worked as a busboy in a pizza parlor to pay for his university education.

Mansour heads General Motors in Egypt and it was established in Egypt in 1975 and has since become one of General Motors biggest distributor in the world.

9. Isabel dos Santos($2.3 Billion)

Isabel dos Santos is the richest woman in Africa and also the eldest child to Angola’s former President who ruled the country for 38 good years. President José Eduardo dos Santos stepped down in 2017.

She found her fortune when she invested in stakes in Angolan companies including banks and a telecom firm, this all took place when her father was in power.

She is often referred to as the ‘Princess’ in Angola.

Isabel has shares in Portuguese companies, including a cable TV company Nos SGPS and telecom.

8. Koos Bekker($2.3 Billion)

Koos Bekker is a billionaire from South Africa and he is the man behind the success of Naspers. Naspers is a broad-based multinational internet and media group headquartered in South Africa, it operates in more than 130 countries. He also more than 70% of his Naspers shares in 2015.

Bekker was born 14 December 1952 and graduated with an MBA degree in  Columbia Business School in 1984.

7. Naguib Sawiris($2.9 Billion)

Naguib is the brother to Nassef Sawiris who is worth $6.3 Billion. They both coe from a very wealthy family and they are three brothers.

Telecommunication is the origin of wealth for Naguib. He is the chairman of Orascom Telecom Media & Technology.

6. Issad Rebrab($3.7 Billion)

Issad who is number six on our Africa’s Richest has been a teacher at some point in his life. He has taught accounting and commercial law. Issad later left teaching, and started his own accounting firm. He owns Cevital which has the largest sugar refineries in the world. Cevital is also Algeria’s biggest privately-held company and has the capacity to produce 2 tonnes a year.

Also Read: Top 10 Richest countries in Africa 2020

5. Johann Rupert($5.3 Billion)

Johann is the second Richest person in South Africa with an estimated net worth of $5.3 Billion. He is currently the  Chairman of the Swiss-based luxury goods company Richemont and the South Africa-based company Remgro where he has a seven percent stake. Richemont is best known for the brands Cartier and Montblanc.

Rupert repeatedly said in interviews that his biggest regret was not buying half of Gucci for $175 million when he had the chance to.

4. Nassef Sawiris($6.3 Billion)

Nassef Sawiris comes from Egypt’s wealthiest family and he is the youngest among the three brothers. His brother Naguib is also a billionaire.  He runs one of the largest nitrogen fertilizer producers in the world(OCI).  OCI has plants in Texas and Iowa.

His holdings embrace stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. He currently lives in London and also stays in New-York from time to time.

3. Nicky Oppenheimer($7.4 Billion)

Nicky Oppenheimer is a South African Businessman and his origin of wealth came from Diamonds. His grandfather founded the company Anglo American in 1917 which Nicky now owns an estimated one percent stake in. He was once a chairman of De Beers which is a Diamond mining company and was also a deputy chairman of Anglo American in the early stages of his life. Other than the wealth he has acquired from diamonds, Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa.

Also Read: Top 10 Richest Presidents in Africa 2020

2. Mike Adenuga($9.4 Billion)

Adenuga is currently the second richest man in Nigeria and designed his fortune in telecommunication and oil production. He is the owner of Globacom which is currently the third largest operator in the Continent of Africa. Globacom is also largely used in Ghana and Benin.

Adenuga, born on 29 April 1953, started his career back in 1990 when he received a drilling license.

1. Aliko Dangote($10.3 Billion)

For the eighth year in an exceeding row, Aliko Dangote of Nigeria is Africa’s richest person. He is currently worth  $10.3 billion and that is $2 billion less than a year ago due to a fall in Dangote Cement stock.

Dangote has largely invested in cement, sugar, flour hence his origin of wealth. He also has a book where he explains how he gained wealth and how he used to buy sweets and give them to others to sell at a very young age, then he kept the profits. Aliko Dangote is currently the richest man in Africa.

In conclusion, he is also one of the youngest self-made billionaires we have on this list.

The Book: The Biography of the Richest Black Person in the World

FUN FACT: Aliko Dangote wants to Buy Arsenal in the future and get back the Football Club to its winning streak.

Question: Who is the richest man in Africa?
Answer: Aliko Dangote