Who are the top richest men in Africa?
More often than not, Africa is regarded as a poor continent due to a lack of good infrastructural development, low wages and salary, bad healthcare system, poor government and so on.
However, the continent of Africa has undergone massive development, especially in the past two decades.
The business has thrived and its economy is attracting investment from various sectors.
Top 20 Richest Men in Africa
We have compiled the list of the top 20 richest men in Africa from the following credible sources:
1. Aliko Dangote – Overall Richest African
NET WORTH: $21.6 Billion
Aliko Dangote is the brightest business mind in Africa.
More to topping the list of the richest men in Africa, Dangote is among the first 50 wealthiest people in the world.
He was born in the Northeastern part of Nigeria, Kano State and is a Hausa Muslim by tribe and religion.
The professional business studies and administration expert invests in cement, flour and consumer goods.
The rich Nigerian is the owner of “Dangote Group which is planning to dominate Africa’s market in coming years.
2. Johann Rupert
NET WORTH: $7.3 Billion
Johann Rupert is a talented investor and entrepreneur who hails from South Africa.
He deals in Luxury items and is a major shareholder in most of the top companies in the country.
The famous investor is the owner of Cartier and Mont Blanc, a successful luxury brand.
The South African has an estimated net worth of about $7.3 Billion, making him one of the richest men in Africa.
3. Nicky Oppenheimer
NET WORTH: $6.8 Billion
icky Oppenheimer is the second richest man in South Africa.
He has been able to harness such wealth by trading diamonds.
The rich African man is a shareholder in Anglo American. This company initially acquired 40% stake of DeBeers but now controls 85% of it.
Anglo American is owned by Nicky Oppenheimer’s granddad.
4. Nassef Sawiris – Richest Egyptian
NET WORTH: $6.1 Billion
Among the ” top four” richest men in Africa,
Nassef Sawiris is a business magnate.
With an estimated net worth of approximately $6.1 Billion, he is officially the richest man in both North Africa and Egypt.
The rich Egyptian is a construction expert who is the brain behind the foundation of OCI, a big and successful nitrogen fertilizer manufacturer.
The African also has a 7% stake in Adidas and is responsible for funding so many international students from Egypt.
5. Christoffel Wiese
NET WORTH: $5.4 Billion
Christoffel Wiese is a South African businessman, entrepreneur, investor and successful hustler.
The African billionaire deals in Food marketing as well as furniture stocks.
His investment spans 30 countries worldwide and South African has an estimated net worth of $5.4 Billion.
6. Mike Adenuga
NET WORTH: $4.6 Billion
Mike Adenuga is a Nigerian talented business mogul.
He invests in Oil and is a telecommunication expert.
The rich African is the owner of Glo, fully known as Globacom. This is the largest database network in Nigeria.
Mike also deal in real estate and is the owner of the Nigerian-based ConOil PLC.
7. Mohamed Mansour
NET WORTH: $4 Billion
Mohamed Mansour is the second richest businessman in Egypt.
He is an international real estate guru, CEO of the Mansour Group, telecommunication expert and manger of
These have fetched him an estimated net worth of approximately $4 Billion.
8. Isabel DOS Santos – Richest African Woman
NET WORTH: $3.7 Billion
Isabel Dos Santos is the richest woman in Africa.
She hails from Angola and her father, “Eduardo Dos Santos” was a long sitting president of the country.
Isabel is an expert in banking and finance and is the founder of the Banco BIC bank.
The rich African also deals in telco and has an estimated net worth of around $3.7 Billion.
9. Isaad Rebrad – Richest Algerian
NET WORTH: $3.2 Billion
Isaac Rebrad is the richest businessperson in Algeria.
The passionate food expert deals in the manufacturing of vegetable oil, sugar and seafood.
He is the owner of Cevital, successful food industry in the North African country.
10. Naguib Sawiris
NET WORTH: $3.1 Billion
Naguib Sawiris is one of the top richest men in Africa.
The technology expert is an international businessman who is the founder of Orascom Telecom Media & Technology.
This is the biggest telco firm in Africa with several wings of investment such as smartphones, Media and so on.
Naguib has an estimated net worth of about $3.1 Billion.
11. Youssef Mansour
NET WORTH: $2.9 Billion
Youssef Mansour is a sibling to the number seven richest man on the list.
He owns shares in Mansour Group and has an investment flame for food.
Youssef Mansour has collaborated with McDonald’s chains.
12. Folorunsho Alakija
NET WORTH: $2.5 Billion
Folorunsho Alakija is the first dependent richest woman in African.
She is a professional designer, businesswoman, entrepreneur and investor.
Folorunsho invests mainly in fashion and oil and has an estimated net worth of approximately $2.5 Billion.
13. Othman Benjelloun – Richest Moroccan
NET WORTH: $2.4 Billion
Othman Benjelloun is the wealthiest man in Morocco.
The African Investor and entrepreneur is an expert in banking and finances.
He also invests in telecommunications and insurance.
The rich Moroccan is the founder of FinanceCom and is the manager of BMCE Bank.
14. Yasseen Mansour
NET WORTH: $2.3 Billion
Yasseen is the third richest among the Mansour’s family.
Just like his siblings, he invests in the Mansour Group
The Egyptian is the founder of Palm Hills Development. This is a successful real estate brand.
Yasseen Mansour has an estimated net worth of approximately $2.3 Billion.
15. Patrice Motsepe
NET WORTH: $2.3 Billion
Patrice Motsepe is a South African billionaire, entrepreneur, investor and businessperson.
He is the first black billionaire in the country and invests heavily in the mining sector.
The rich African man owns African Rainbow Minerals, a successful conglomerate in South Africa.
16. King Mohammed VI
NET WORTH: $2.1 Billion
King Mohammed VI is the second richest Moroccan.
The notorious leader, politician, inventor and entrepreneur is a shareholder with a 40% stake in SNI, a top company in Morocco.
He is also into banking and finance, food production, metal extraction among others.
17. Koos Bekker
NET WORTH: $2 Billion
Koos Bekker is one of the top richest men in Africa.
The telecommunication and media expert is the brain behind the foundation of MTN.
This is a Top African network with millions (if not billions) of subscribers.
He has also invested in other sectors of the economy.
18. Stephan Saas
NET WORTH: $1.8 Billion
Stephan Saas is a medical professional who has an estimated net worth of $1.8 Billion.
He is the owner of Aspen Pharmacare, a prominent conglomerate.
This brand deals in pharmaceutical and has branches in over 150 nations worldwide.
19. Onsi Sawiris
NET WORTH: $1.9 Billion
Once Sawiris is a successful hustler, entrepreneur, businessman and investor.
He is the owner of Orascom Construction Industries. This is a prominent construction company that also invest in chemical production.
The Egyptian billionaire is the patriarch of one of the wealthiest households in the country.
20. Aziz Akhannouch
NET WORTH: $1.8 Billion
Rounding off the list of the top richest men in Africa is Aziz Akhannouch.
The Moroccan billionaire is an investor, entrepreneur and businessperson.
Aziz has shares in Akwa Group, a well-known chemical plant.
This company also deals in hotels and reservations, media production and real estate management.
Final Words on Top Richest Men in Africa
Africa is blessed with minerals and brains and it’s about time for a major change to take place in the continent.
This list of the top richest men in Africa has proved that the continent is far ahead from being the poorest in the world.
Tabulation of Top 20 Richest Men in Africa
|S/N||Richest African Men||NET WORTH|
|1.||Aliko Dangote||$21.6 Billion|
|2.||Johann Rupert||$7.3 Billion|
|3.||Nicky Oppenheimer||$6.8 Billion|
|4.||Nassef Sawiris||$6.1 Billion|
|5.||Christoffel Wiese||$5.4 Billion|
|6.||Mike Adenuga||$4.6 Billion|
|7.||Mohamed Mansour||$4 Billion|
|8.||Isabel DOS Santos||$3.7 Billion|
|9.||Isaad Rebrad||$3.2 Billion|
|10.||Naguib Sawiris||$3.1 Billion|
|11.||Youssef Mansour||$2.9 Billion|
|12.||Folorunsho Alakija||$2.5 Billion|
|13.||Othman Benjelloun||$2.4 Billion|
|14.||Yasseen Mansour||$2.3 Billion|
|15.||Patrice Motsepe||$2.3 Billion|
|16.||King Mohammed VI||$2.1 Billion|
|17.||Koos Bekker||$2 Billion|
|18.||Stephan Saas||$1.8 Billion|
|19.||Onsi Sawiris||$1.9 Billion|
|20.||Aziz Akhannouch||$1.8 Billion|
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