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Here is the list of the top 20 richest men in Africa
The list below only shows list of African based rich men so people like Elon musk (world richest man) are not included because they are not running a African based business
20. Strive Masiyiwa Networth $1.1b
Strive Masiyiwa (born 29 January 1961) is a London-based Zimbabwean billionairebusinessman and philanthropist. He is the founder and executive chairman of the international technology group Econet Global.
He has gained international recognition for his business expertise and philanthropy, and is considered one of Africa’s most generous humanitarians. Masiyiwa has provided scholarships to over 250,000 young Africans over the past 20 years through his family foundation. He supports more than 40,000 orphans with educational initiatives and sponsors students at universities in America, The United Kingdom, and China. Over the last few years, Masiyiwa has devoted his time to mentoring the next generation of African entrepreneurs on Facebook. Facebook has identified his platform as having the most engaged following of any business leader in the world.
Masiyiwa also supports initiatives in public health across the African continent.
19. Michiel Le Roux Networth $1.3
Michiel Le Roux is a South African banker and billionaire. He founded the Capitec Bank in 2001 and worked as the CEO until 2004. Thereafter, he became the Chairman of the Board from 2007 to 2016. And since then, has remained a board member owning about 11% of the bank’s stake.
Prior to that, he led Boland Bank, a small regional bank in Cape Town’s hinterland for 4 years. Altogether, Michiel is a successful banker widely known to have revived the South African banking industry with his Capitec Bank.
18. Othman Benjelloun Networth $1.4
Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries.
His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun built it into a leading insurer.
Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange.
He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. It will be one of the tallest buildings in Africa.
FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies.
17. Mohamed Al Fayed Networth $1.4b
Mohamed Al Fayed was born in Alexandria, Egypt and moved in the mid-1960s to the U.K., where he made his fortune.
He’s best known for being the one-time owner of London department store Harrod’s, which he sold to Qatar for a reported $2.4 billion in 2010.
He owns the storied Ritz Paris hotel. After a four-year renovation, it reopened in 2016. Suites are named after illustrious guests, like Coco Chanel.
In 2013, Al Fayed sold Fulham Football Club to U.S. auto parts billionaire Shahid Khan for a reported $300 million.
16. Mohammed Dewij Networth $1.6b
Mohammed Dewij 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.
METL operates in at least six African countries and has ambitions to expand to several more.
Dewji, Tanzania’s only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes.
Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days.
15. Aziz Akhannouch Networth $1.7b
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 Morocco’s Minister of Agriculture and Fisheries and the president of a royalist political party.
14. Youssef Mansour Networth $1.9b
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.
He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for L’Oreal in Egypt.
Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group.
13. Yasseen Mansour Networth $2.3b
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.
His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group.
He’s chairman of Palm Hills Developments, one of Egypt’s biggest real estate developers.
12. Koos Bekker Networth $2.5b
Koos Bekker is revered for transforming South African newspaper publisher Naspers into an ecommerce investor and 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.
In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake
It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for 3 years.
Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015.
11. Patrice Motsepe Networth $2.6b
Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list.
In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa.
Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club.
In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business.
In 1997, he bought low-producing gold mine shafts and later turned them profitable.
10. Naguib Sawiris Networth $3b
Naguib Sawiris is a scion of Egypt’s wealthiest family. His brother Nassef is also a billionaire.
He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction.
He’s chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others.
Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews.
He also developed a luxury resort called Silversands on the Caribbean island of Grenada.
Naguib Sawiris is a scion of Egypt’s richest family. His sibling Nassef is likewise a very rich person.
He constructed a fortune in telecom, offering Orascom Telecom in 2011 to Russian telecom firm VimpelCom (presently Veon) in a multibillion-dollar exchange.
He’s executive of Orascom TMT Speculations, which has stakes in a resource supervisor in Egypt and Italian web organization Italiaonline, among others.
Through his Media Globe Property, Sawiris claims 88% of container European compensation television and video news network Euronews.
He likewise built up an extravagance resort called Silversands on the Caribbean island of Grenada.
9. Abdulsamad Rabiu Networth $3.1b
Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.
In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled.
The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it.
Rabiu, the son of a businessman, inherited land from his father.
He set up his own business in 1988 importing iron, steel and chemicals
Abdulsamad Rabiu is the author of BUA Gathering, a Nigerian aggregate dynamic in concrete creation, sugar refining and land.
Toward the beginning of January 2020, Rabiu combined his exclusive Obu Concrete organization with recorded firm Concrete Co. of Northern Nigeria, which he controlled.
The consolidated firm, called BUA Concrete Plc, exchanges on the Nigerian stock trade; Rabiu claims 98.5% of it.
Rabiu, the child of a finance manager, acquired land from his dad.
He set up his own business in 1988 bringing in iron, steel and synthetic substances.
7. Issad Rebrab Networth $4.4b
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.
Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company.
After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. He denies any wrongdoing.
Issad Rebrab is the originator and Chief of Cevital, Algeria’s greatest secretly held organization.
Cevital possesses one of the biggest sugar treatment facilities on the planet, with the ability to create 2 million tons every year.
Cevital possesses European organizations, including French home machines creator Groupe Brandt, an Italian steel factory and a German water purging organization.
Subsequent to serving 8 months in prison on charges of defilement, Rebrab was delivered on January 1, 2020. He denies all bad behavior.
6. Ivan Glasenberg Networth $6.3b
Ivan Glasenberg holds the largest individual stake in Glencore, the world’s biggest commodity trader.
Glasenberg has been CEO of Glencore since 2002 and announced in December 2018 that he plans to find a successor by the time he is 65.
After earning his MBA from the USC, Glasenberg started working as a marketer in the coal department of Marc Rich & Co. in his native South Africa.
The company became Glencore in 1994 and went public in 2011.
5. Johann Rupert Networth $6.6b
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.
He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding co. based in Luxembourg.
In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land.
4. Nicky Oppenheimer Networth $7.7b
Nicky 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.
For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade.
In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights with its fleet of 3 planes and 2 helicopters.
He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.
3. Mike Adenuga Networth $7.7b
Mike Adenuga, 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 55 million subscribers.
His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta.
Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver.
He made his first million at age 26 selling lace and distributing soft drinks
Mike Adenuga, Nigeria’s second most extravagant man, fabricated his fortune in telecom and oil creation.
His cell phone organization, Globacom, is the third biggest administrator in Nigeria, with 55 million supporters.
His oil investigation outfit, Conoil Creating, works 6 oil blocks in the Niger Delta.
Adenuga got a MBA at Speed College in New York, supporting himself as an understudy by functioning as a cabbie.
He made his initial million at age 26 selling ribbon and conveying soda pops.
2. Nassef Sawiris Networth $8.8b
Nassef Sawiris the richest man in Egypt is an investor and a scion of Egypt’s wealthiest family. His most valuable asset is a nearly 6% stake in sportswear maker Adidas.
In December 2020, he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of the NBA Knicks and the NHL Rangers teams.
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.
Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai.
His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas.
Nassef Sawiris the most extravagant man in Egypt is a financial backer and a scion of Egypt’s richest family. His most important resource is an almost 6% stake in athletic apparel creator Adidas.
In December 2020, he obtained a 5% stake in New York-recorded firm Madison Square Nursery Sports, proprietor of the NBA Knicks and the NHL Officers groups.
He runs OCI, one of the world’s biggest nitrogen compost makers, with plants in Texas and Iowa; it exchanges on the Euronext Amsterdam trade.
Orascom Development, a designing and building firm, exchanges on the Cairo trade and Nasdaq Dubai.
His property remember stakes for concrete goliath Lafarge Holcim and Adidas; he sits on the administrative leading group of Adidas.
1. Aliko Dangote Networth $11.5b
Aliko Dangote, The richest man in Nigeria and whole of Africa, founded and chairs Dangote Cement, the continent’s largest cement producer.
He owns 85% of publicly-traded Dangote Cement through a holding company.
Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa.
Dangote also owns stakes in publicly-traded salt and sugar manufacturing companies.
Dangote Refinery has been under construction since 2016 and is expected to be one of the world’s largest oil refineries once complete.
Aliko Dangote, The most extravagant man in Nigeria and entire of Africa, established and seats Dangote Concrete, the landmass’ biggest concrete maker.
He claims 85% of traded on an open market Dangote Concrete through a holding organization.
Dangote Concrete produces 45.6 million metric tons yearly and has activities in 10 nations across Africa.
Dangote likewise claims stakes in traded on an open market salt and sugar fabricating organizations.
Dangote Processing plant has been under development since 2016 and is required to be one of the world’s biggest petroleum treatment facilities once complete.