Africa is not only a continent blessed with abundant natural resources, but it is also blessed with many intelligent businessmen and entrepreneurs, men with high investment IQ.
Among these men, ten of them – specifically, those with the highest valuation of their wealth and substance – have been chosen and listed in this article in descending order of their net worth.
Topping the list is, as expected, the president of Dangote group of companies. For the 8th successive year, Aliko Dangote is Africa’s richest man.
Are you curious about who the others are? Read on to find out the names of the richest Africans who made this list.
1. Aliko Dangote
Net worth: $10 billion
Nationality: Nigeria
Source of wealth: Cement, Sugar, Flour, petroleum.
Aliko Dangote, GCON, is a 61-year-old Nigerian businessman, investor. He is the president and chief executive of Dangote Group of companies, a business firm that has interests in several commodities in Nigeria and other African countries.
2. Mike Adenuga
Networth: $8.8 billion
Nationality: Nigeria
Source of wealth: Telecom, Oil
Mike Adenuga is the 65-year-old owner of Globalcom, Nigeria’s third-largest mobile phone network, and an oil exploration firm Conoil. Mike trails Dangote with $9.2 billion, making Adenuga the second richest man in Africa, and the second richest man in his nation.
3. Nicky Oppenheimer
Net worth: $7.3 billion
Nationality: South Africa
Source of wealth: Diamonds
73-year-old Nicky Oppenheimer is the third richest man in Africa. He was the heir to his family’s fortune and he sold his 40% stake in diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash some years ago. He was the third generation of his family to run DeBeers, and took the company private in 2001.
4. Nassef Sawiris
Net worth: $7.3 billion
Nationality: Egypt
Source of wealth: Construction, Chemicals
Son and brother to billionaires, 57-year-old Nassef Sawiris is the chairman of Orascom Construction Industries and the chief executive officer of OCI N.V, one of the world’s largest nitrogen fertilizer producers. Nassef Sawiris is the fourth richest man in Africa and richest man in Egypt.
5. Johann Rupert
Net worth: $5.3 billion
Nationality: South Africa
Source of wealth: Luxury Goods
6. Issad Rebrab
Net worth: $3.7 billion
Nationality: Algeria
Source of wealth: Food, Steel, and Electronics.
Issad Rebrab is a 75-year-old Alglasttan billionaire businessman. The CEO of the Cevital industrial group, the largest private company in Algeria, active in steel, food, agribusiness, and electronics. With an estimated net worth of US$3.7 billion according to Forbes, Rebrab is the 6th richest person in Africa.
7. Naguib Sawiris
Net worth: $2.8 billion
Nationality: Egypt
Source of wealth: Telecom, Mining.
Naguib Sawiris is a member of Egypt’s wealthiest family. His father Onsi and brother Nassef are also notable billionaires. He ventured into and built a fortune in telecom, but in 2017 stepped down as CEO of Orascom Telecom Media & Technology (OTMT).
8. Mohamed Mansour
Net worth: $2.3 billion
Nationality: Egypt
Source of wealth: Diversified, Self-made
70-year-old Mohamed Mansour oversees his family conglomerate Mansour Group, which was founded by his father Loutfy. He also established General Motors dealerships in Egypt, which is currently one of GM’s biggest distributors in the world.
9. Koos Bekker
Net worth: $2.2 billion
Nationality: South Africa
Source of wealth: Media, Investments
Koos Bekker is revered for transforming South African newspaper publisher Naspers into an eCommerce 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 outside his continent.
10. Strive Masiyiwa
Net worth: $2.1 billion
Nationality: Zimbabwean
Source of wealth: Telecommunication, Investments.
58-year-old Strive Masiyiwa is a London-based Zimbabwean businessman, and philanthropist. He is the founder and executive chairman of the telecommunications, media and technology company.
