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Top 20 Richest Men in Africa

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Introduction

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
General Motors.

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/NRichest African MenNET 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

Princewill Ubaha is an electrical engineer by profession, a content writer by perspiration, and an Akwa Ibomite by birth. He always believed that the habit of persistence is the habit of victory.

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