Top 10 Africa’s Richest Billionaires And Their Net Worth

It might be a new year but a lot of names on Africa’s richest list remain the same. In 2020, Nigeria’s Aliko Dangote tops the list for the ninth consecutive year despite a slight drop in his net worth.

Only three South Africans made the list of Africa’s top richest in 2020 and GIOTV took a look at all the billionaires who ranked from one to 10.

  1. Aliko Dangote
    Topping the list for the ninth year, Nigeria’s Aliko Dangote comes in at number one with a whopping $10.1 billion (N3,671,350,000,000)

Dangote’s net worth dropped from $10.3 billion (N3,744,050,000,000) a year ago but he still remains the richest man in Africa.

According to Forbes Africa, the origin of Dangote’s wealth stems from cement and the sugar industry.

The 62-year-old is the founder and CEO of Dangote Cement, the continent’s largest cement producer.

  1. Nassef Sawiris
    Coming in at number two is Egyptian businessman Nassef Sawiris. The billionaire, who made his money in the construction and chemical sectors, is worth a staggering $8 billion.

The 58-year-old is part of a wealthy family, with his brother, Naguib, also being a billionaire.

  1. Mike Adenuga

Another Nigerian making the list at number three is Mike Adenuga. The 66-year-old, who is the country’s second-richest man after Dangote, is worth $7.7 billion.

He is the founder of Globacom, Nigeria’s third-largest operator which boasts of 43 million subscribers.

Adenuga also dabbled in the oil sector and founded Conoil Producing. The company operates six oil blocks in the Niger Delta.

  1. Nicky Oppenheimer

The first South African to make the list is Nicky Oppenheimer. He made his fortune from the diamond business. As the grandson of the Anglo American founder Ernest Oppenheimer who was the first chairman of De Beers. He has consistently ranked as one of the billionaires in South Africa and the world for years on Forbes Magazine.

The 74-year-old diamond mogul is said to be worth $7.7 billion.

  1. Johann Rupert

Johann Rupert is the second richest man in South Africa and the fifth richest person in Africa. According to Forbes Africa, Rupert is worth $6.5 billion.

Rupert serves as the chairman of Rich Goods company which is located in Switzerland. He also serves in the same capacity in a South African company known as Remgro.

  1. Issad Rebrab

Algeria’s Issad Rebrab, 76, the founder and CEO of Cevital, has a reported net worth of $4.4 billion.

Cevital is Algeria’s biggest privately-held company and owns one of the largest sugar refineries in the world.

7.Mohamed Mansour

Mohamed Mansour is a jack of all trades. The 71-year-old Egyptian made his $3.3 billion fortune through various business ventures.

He oversees the family conglomerate Mansour Group which was founded by his father Loutfy in 1952.

Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GM’s biggest distributors worldwide.

The Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries.

Mansour also got into politics, serving as Egypt’s minister of transportation from 2006 to 2009.

8.Abdulsamad Rabiu

Nigerians are dominating Africa’s richest top 10 lists. Abdulsamad Rabiu is the 8th richest person in Africa and the third richest in Nigeria.

Like Dangote, the 59-year-old Rabiu made his $3.1 billion fortune in the cement and sugar industry.

9.Naguib Sawiris

Egypt’s Naguib Sawiris comes in at number nine with a net worth of $3 billion – which is estimated.

Naguib is the brother of Nassef Sawiris – the billionaire who is the second richest person in Africa. The origin of Naguib’s fortune is the telecommunications industry.

In 2011, the 65-year-ol sold Orascom Telecom to Russian telecom firm VimpelCom in a multi-billion dollar deal.

10.Patrice Motsepe
The final billionaire on our list is South Africa’s Patrice Motsepe. The 57-year-old mining magnate is worth a staggering $2.6 billion.

Besides entrepreneurship, he is a famed philanthropist and lawyer with a deep founded interest in educating, helping, and supporting the community through Patrice Motsepe Foundation. The businessman remains one of the wealthiest South Africans. Through his hard work, Patrice accumulated a fortune.

Written by Maureen

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