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Top 20 African Billionaires

Nigerian business mogul, Aliko Dangote continues to lead the pack with a net worth of over over 10 billion dollars. Egyptian billionaire, Nassef Sawiris comes in at number two with $8 billion. Oil mogul and chair of Famfa oil, Folorunsho Alakija rounds off the list with $1billion dollars.

See the complete list below


1. Aliko Dangote – $10.1 billion

Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies.He is aged 62 with a net worth of $10.1 B.

2. Nassef Sawiris – $8 billion

Nassef Sawiris is a scion of Egypt’s wealthiest family. 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. He is aged 59 ,with a net worth of $8 B.

3. Mike Adenuga – $7.7 billion

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. He is a 66 years old man with a net worth of $7.7 B.

4. Nicky Oppenheimer – $7.7 billion

Oppenheimer, heir to his family’s fortune, sold his 40% stake in 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.He is aged 74 with a net worth of $7.7 B

5. Johann Rupert – $6.5 billion

Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. The company is 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. Rupert is 69 years old with a net worth of $6.5 B

6. Issad Rebrad – $4.4 billion

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.He is aged 76 with a net worth of $4.4 B.

7. Mohamed Mansour – $3.3 billion

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. He is aged 72 with a net worth of $3.3 B.

8. Abdulsamad Rabiu – $3.1 billion

Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.He is aged 59 and with a net worth of $3.1 B.

9. Naguib Sawiris – $3 billion

He’s chairman of Orascom TMT Investments, which has stakes in a major asset manager in Egypt and an Italian internet company, among others.A 65 years old man with a net worth of $3 B.

10. Patrice Motsepe – $2.6 billion

Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list. 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 is a 57 years old man with a net worth of  $2.6 B

11. Koos Bekker – $2.5 billion

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 2001 , by far the most profitable of the bets he made on companies elsewhere. Koos Bekker is 67 years old and he has a net worth of $2.5 B.

12. Yasseen Mansour – $2.3 billion

Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries.He is 58 years old with a net worth of $2.3 B.  

13. Isabel dos Santos – $2.2 billion

Isabel dos Santos is the oldest daughter of Angola’s longtime former president, Jose Eduardo dos Santos. She owns shares of Portuguese companies, including telecom and cable TV firm Nos SGPS. She is aged 46 with a net worth of $2.2 B.

14. Youssef Mansour – $1.9 billion

Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. Youssef Mansour is a 74 years old man with a net worth of $1.9 B.

15. Aziz Akhannouch – $1.7 billion

Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932.It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. Akhannouch is aged 59 with a net worth of $1.7 B.

16. Mohammed Dewji – $1.6 billion

Mohammed Dewji is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. Mohammed Dewji is aged 44 with a net-worth of $1.6 B.

17. Othman Benjelloun – $1.4 billion

Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. He is aged 87 with a net worth of $1.4 B.

18. Michiel Le Roux $1.3 billion

Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake.The bank, which trades on the Johannesburg Stock Exchange, targets South Africa’s emerging middle class. He is 70 years old with a net worth of  $1.3 B.

19. Strive Masiyiwa – $1.1 billion

He owns over 50% of the publicly-traded Econet Wireless Zimbabwe, 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.He is 58 years old with a net worth of $1.1 B.

20. Folorunsho Alakija – $1 billion

Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. Famfa Oil’s partners include Chevron and Petrobras. Folorunsho Alakija is aged 69 with a net worth of $1 B.

Written by Emeka Nweze

Content writer and contributor.

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