Blessed with plethora of resources with natural and human potentials, Africa has been a home to several billionaires who’ve harnessed the nature to turn their fortunes. The continent might be full of third world nations and technology might have been developed as in the American and European nations, but the continent is full of challenges and potential to see people utilize things around them and bring home a lot of money.
Who is the richest man in Africa? Who are the richest people in Africa? These questions have been the most talked about topic in business and entrepreneurship in the continent. The richest people in Africa are all businessmen who have ventured their ideas and run their company throughout the world.
Here we take a look at the top 10 richest people in Africa.
10. Naguib Sawiris Net Worth: $3.1 Billion (Egypt)
Naguib Sawiris is a businessmand politician from Egypt and is second richest man in Egypt and 10th richest man in Africa. Born Naguib Onsi Sawiris in 1954, the Egyptian business tycoon started his career with Orascom, the largest private-sector employer in Egypt with the largest market capitalization in 1979.
Sawiris also has 75$ stakes in Koryolink, the only mobile phone network in North Korea while le also owns Weather Investment, now called WIND Telecom. Involved in telecommunication industry, he is also involved with mining after he bought La Macha, a Canadian mining company for $317 million. He also sold all of the stakes of Telekom Austria to Carlos Slim Helu, the second richest man in the world in 2015. Naguib Sawiris is also one of the richest politicians in Africa. Naguib Sawiris’s net worth is $3.1 as of today.
9. Issad Rebrah Net Worth: $3.2 Billion (Algeria)
The founder of Cevital, a sugar, vegetable oil and margarine producing company, Issad Rebrah is the 9th richest man in Africa. The owner of the country’s biggest privately held conglomerate, Rebrah generates over $3.5 billion every year through his company. The son of a militant, Issad Rebrah also makes his fortunes as the exclusive distributor for companies like Samsung, Hyundai and Europcar in Algeria. All of his five sons work for him in his companies and investments. Issad Rebrah’s net worth is estimated to be $3.2 billion in 2015.
8. Isabel dos Santos Net Worth: $3.7 billion (Angola)
The richest woman in Africa, Isabel dos Santos was born to Angola’s longtime president Jose Eduardo dos Santos. Her fortunes saw a great rise after her father transferred several stakes he held with Angolan companies on her name. She current owns 25% of Unitel which is the largest mobile phone network in Angola and few stakes at different banks in the country. She has also been involved in oil and gas firm business in Portugal. A shareholder of the Portuguese cable TV and telecom firm named Nos SGPS as well, Isabel first started her business through a restaurant in Luanda. She is also the most powerful woman in Angola and the first African billionaire woman. Isabel dos Santos’s net worth is $3.7 billion.
7. Mohamed Mansour Net Worth: $4 billion (Egypt)
Mohamed Mansour is Egyptian business tycoon and politician and the seventh richest man in Africa. He oversees conglomerate Mansour Group which have secured business distributions for several multinational companies around the continent. His General Motors car business flourished a lot in 2011 and he has been selling around 80,000 cars in average every year. His brothers Yasseen and Youssef are also the richest billionaires in the country. Mansour makes his fortunes through the motor sales, real estate business and telecom education. Mohamed Mansour’s net worth is estimated to be $4 billion today.
6. Mike Adenuga Net Worth: $4.6 billion (Nigeria)
Also known as ‘the guru‘, Nigerian businessman Mike Adenuga makes his fortunes through oil production and telecommunications business and is one of the richest people in Africa. His company Globacom is the second largest mobile service company with over 25 million subscribers in the country and Republic of Benin after MTN. Also cited to be one of the richest black man in the world today, Mike Adenuga’s fortunes also comes through Conoil Producing, Coca-Cola, etc. After making friendship with top politicians and military personnel in the country, he signed several lucrative deals to become the sixth richest man in Africa. His net worth is estimated to be $4.6 billion today.
5. Christoffel Wiese Net Worth: $5.4 billion (South Africa)
Born Christoffel Hendrik Wiese, 72 year old businessman from South Africa with a net worth of $5.4 billion is considered to be the oldest billionaire in Africa. Wiese is the executive director of the Shoprite Holdings and owns the largest grocery and furniture business in the country. Mostly involved in retail business, he has 15% stake with Shoprite and controls around 32,000 employees through Pepkor, a private clothing company in Africa. He has also been making investments in IT companies like DigiCore and ConvergeNet to see his fortunes rise.
4. Nassef Sawiris Net Worth: $6 billion (Egypt)
Nassef Sawiris is the richest man in Egypt and comes from one of the richest families in Africa. The whole Sawiris family has a worth of around $36 billion today while Nassef Sawiris’s net worth is estimated to be $6 billion according to Forbes. He is the Chief Executive of Orascom Construction Industries and has extended his business outside Africa as well. He also has stakes with International Petroleum Investment Co, Abu Dhabi who operates coal power plants in Egypt. Also, he runs chemicals and fertilizers business in USA while he also has shares with the Texas Instruments.
3. Nicky Oppenheimer Net Worth: $6.8 billion (South Africa)
Coming from a family that owned diamond company for over 85 years prior to the sale, Nicky Oppenheimer is the third richest man in Africa. His company De Beers is a household name in the continent and he owned 85% stakes of the company before making sales of 40% to Anglo American for $5.1 billion in cash. He also runs several other investment firms and business around the country while also has business ventures with Singapore government owned firm Temasek. Nicky Oppenheimer’s net worth is estimated to be $6.8 billion.
2. Johann Rupert Net Worth: $7.5 billion (South Africa)
Johann Rupert is the second richest African billionaire and owner of the Compagnie Financiere Richemont, a luxury good company. Having owned several luxury goods companies around the world like Swiss, his brands Cartier and Montblac are household names in Europe and America as well. His father started one of the first tobacco manufacturing company in South Africa and he comes from a family of businessmen. He currently has 7% share with Remgro, 25% with Reinet while also owns the Saracens English rugby team. His company Anthonij Rupert Wines is named after his dead brother. Studied and worked previously in banks around New York before getting into business in Africa, Johann Rupert’s net worth is $7.5 billion today. Rupert is also the richest man in South Africa.
1. Aliko Dangote Net Worth: $17.9 billion (Nigeria)
Aliko Dangote is a self made billionaire and currently the richest man in Nigeria and in whole Africa. Dangote makes his fortunes through several industries in Africa that includes sugar, flour and cement production. Born in a rich family, he studied business and started the Dangote Group in the late 70s. From trading small initially, Dangote took his company to become one of the largest industrial groups in Africa. He has also made investments in private oil refinery in the country that produces 400,000 barrels of oil every day. Aliko Dangote’s net worth is $17.9 billion today that puts him in the #1 in list of the richest people in Africa.
Despite Africa being hit by great poverty, it is also home to some of the richest people in the world. The wealthy and elite families in Africa have been able to run their business in several countries worldwide to see their fortunes rise and make a name in the global market. These richest people in Africa have bursting bank accounts and they always look forward to making great profit while also helping the financial problems within Africa to eradicate. And, a proper utilization of the natural resource in Africa will surely see more people joining the ranks of richest persons in Africa soon.