Richest Man in Africa – List of All Billionaire African People
Who is the richest man in Africa? This is the frequently asked question by the people who reside in the African continent. Hence, this post presents the names of all billionaires in that continent along with their wealth, country of citizenship and money. According to Forbes, which ranks annually all richest people across the globe, a total of 18 people this continent are billionaires. Of them, the wealthiest is Aliko Dangote from the country of Nigeria. Below table shows the names of all and after that you will find a little info about them.
Must Read: South African Billionaires
Top 10 List of African Billionaires
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Who are these people and what do they? From where did they make so much of money? How these people made their fortune? To answer these questions, let us see a little biographical info about them.
If we see the list, then we find that of the 18, 6 billionaires are from Arab country of Egypt, six men from South Africa, three from the Arab nation of Morocco and 2 from Muslim countries of Nigeria while only one from Angola. And that one is a woman and that makes her the richest woman in Africa.
#1) Aliko Dangote – The Richest Man in Africa
Net Worth: $20.8 Billions
Not only he is the wealthiest person, but also Aliko Dangote is the richest in Nigeria. He has a fortune which has been estimated by the Forbes to be around $16 billions which is more than anyone in the African continent. Not even a single person on the continent has a wealth which is more than $10 billions let alone $16 billions. Aliko Dangote is the President and CEO of Dangote Group, which is entirely owned by him. He controls his highly diversified businesses through the Dangote Group. Some of Dangote’s business includes Cement manufacturing, sugar refining and manufacturing of food products like pasta, noodles, etc. This black billionaire also has interests in real estate sector. Dangote has also invested billions of dollars for the creation of the largest oil refinery in Nigeria and the whole of Africa. His subsidiary company Dangote Cements is the largest cement manufacturer. His wealth is entirely self made and he is referred in the media as “Africa’s Self Made Billionaire”. Because of his black ethnicity, he is also the richest black man in the world.
#2) Johann Rupert
Country: South Africa
Net Worth: $7.9 billions
Son of late billionaire Anton Rupert, Johann is a citizen of South Africa. He inherited the vast fortune of his father and later diversified it and increased it. He holds the majority of stakes in Richemont group which manufactures luxury goods and owns watchmakers IWC, Vacheron Constantin SA, Piaget and Montblanc. Recently in May 2013, he announced a temporary retirement for 12 months from all his corporate commitments. Johann Rupert is the richest in South Africa. His company designs, manufactures, distributes and sells premium jewelry, watches, leather goods, writing instruments, shotguns, rifles, clothing and accessories.
#3) Nicky Oppenheimer
Country: South Africa
Net Worth: $6.6 Billions
Belonging to the country of South Africa, Nicky Oppenheimer is a diamond magnate and tycoon. He is of German Jewish descent from his father’s side. He is the Chairman of the company named De Beers in which he owns stakes. De Beers is an umbrella company owning several small diamond companies in South Africa, which are involved in mining, shaping and promotion of diamonds in the world. Oppenheimer funded the construction of Tswalu Kalahari Reserve, which is the largest game reserve in Africa.
#4) Nassef Sawiris
Net Worth: $5.9 Billions
Son of Egyptian billionaire Onsi Sawiris, Nassef inherited fortunes of his father and heads one of the several companies owned by Sawiris family. Nassif has another brother Naguib, who is also an Egyptian billionaire. The Sawiris family is the richest family in Africa as it contains 3 billionaires Onsi, Nassef and Naguib. Their combined net worth is more than any other family in that continent. Nassef heads the Orascom Construction Industries, which is a part of Orascom Group, founded by his father Onsi. Though born in Egypt, he received his education from America. He is an alumnus of the University of Chicago and holds the degree of BA in Economics.
#5) Mike Adenuga
Net Worth: $5.6 Billions
A resident of Nigeria, Mike Adenuga’s wealth is only second to Dangote in his country. He is the owner of telecommunication company Globacom Limited. His mobile company operates in Nigeria, Ghana and Republic of Benin. He also has investments in oil refineries and owns them through his Mike Adenuga Group. On being asked by Tribune News about his success, his reply was ” it is due to my Vision, hard work, dedication, patience, commitment, risk taking and obedience.” His net worth is approximately a quarter of Aliko’s and he is second in Nigeria and fifth wealthiest in this list.
#6) Christoffel Wiese
Country: South Africa
Net Worth: $3.8 Billions
Another one from South Africa, Christoffel Wiese has made his wealth entirely on his own self. A self-made billionaire, he is the largest stakeholder in retailing company Shoprite, which is largest in Africa and also in his own country. He holds the degree of BA, LLB and Doctorate from University of Stellenbosch. He is an alumnus of the University of Capetown.
#10) Othman Benjelloun
Net Worth: $2.8
Born in Fes, Morocco, Othman Benjelloun received his education from Switzerland. His father was an investor holding stakes in insurance companies. Othman inherited those stakes and expanded the banking business of his family. He holds stakes in Bank of Africa and BMCE bank. Benjelloun is the wealthiest man in Morocco with his net worth and seventh wealthiest in Africa.
Country: South Africa
Holding the title of “Black South African Billionaire”, Patrice is another example of self-made billionaires in the continent. He is the founder of publicly-listed company Africa Rainbow Minerals which is involved in the mining of metals like Nickel, Cadmium, Copper, iron, etc.
Brother of Nassef Sawiris and a member of the famous Egyptian Sawiris family, Naguib is Executive Chairman of Orascom Telecom Holding. This telecom company is one of the several companies under the umbrella of the Orascom group which was founded by Naguib’s father.
Another Egyptian billionaire on this top 10 list, Mohamed Mansour holds an engineering degree from North Carolina, University of America and management degree from Auburn University. He has a diversified business which includes investments in retail, automobiles, banking and foods.