Jun 01, 2020

Top 10 Wealthiest People in Africa

Bizclik Editor
4 min
Top 10 Wealthiest People in Africa

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10 Othman Benjelloun (81) worth $2,800 million - He is a Moroccan businessman who made his money from banking, insurance, telecom and through inheritance. His father was a large shareholder in an insurance company that Othman took over in 1988 transforming it into banking enterprise the BMCE Bank, which now operates in at least 15 countries. However, his largest asset is RMA Watanya, an insurer.

9 Mohammed Mansour (65) worth $3,100m – This self-made millionaire is based in Cairo, Egypt, and together with two brothers runs Mansour Group’s Caterpillar tractor and equipment sales in eight African countries and Russia. He was born into one of the most prominent business families in Alexandria and gained an engineering degree from North Carolina State University in 1968.

8 Issad Rebrab (70) worth $3,200m – He is an Algerian entrepreneur and CEO of CEVITAL industrial group which is the biggest private company in Algeria employing thousands in four main sectors: steel industry, food, agribusiness and electronics. His first step to becoming one of Africa’s richest people was buying shares in metallurgical construction company Sotecom.

7 Isabel dos Santos (40) worth $3,500m – The richest woman in Africa and its first female billionaire is the daughter of long-time Angolan President Jose Eduardo dos Santos. She has interests in a variety of businesses including telecommunications, media, retail finance and the energy industry both in Angola and Portugal. In an interview she was reported as saying the future of telecommunications in Africa focuses mainly on connectivity.

6 Christoffel Wiese (72) $3,800 – This South African retail magnate owns one of the country’s most successful food chains Shoprite, which has stores in 17 African countries. He also owns Pepkor a clothing company that operates different discount fashion brands. He attended Stellenbosh University and is married with three children.

5 Mike Adengua (60) worth $4,600m – Nigerian business tycoon, Adengua made his fortune in both oil and telecommunications and is largely regarded as one of the richest black people in the world. His company Globacom controls Nigeria’s second largest telecom operator and he also owns a stake in Equatorial Trust Bank and oil exploration company Conoil. He is the second wealthiest Nigerian behind Aliko Dangote.

4 Nassef Sawiris (52), $5,900 – Based in Cairo, Egypt, he is the CEO of Orascom Construction Industries. He is the youngest of three sons of Onsi Sawiris, the other two being Naguib and Samih. The business founded by his father is Egypt’s most publicly traded company. He is also a member of NASDAQ Dubai and currently sits on the boards of Besix in Belgium and NNS Holding in Luxembourg.

3 Nicky Oppenheimer (68) worth $6,600 million – is a South African businessman and the chairman of the De Beers diamond mining company and its subsidiary the Diamond Trading Company. In November 2011, the Oppenheimer family sold the entirety of their 40 percent stake in De Beers to Anglo American. He also jointly runs a venture capital firm, Green and Partner Investments, which has funded a diversity of projects within South Africa and Africa.

2 Johann Rupert (63) worth $7,900m – In 2010 he was voted South Africa’s most admired Business Leader, although he rarely gives interviews and shuns public events. He is the eldest son of business tycoon Anton Rupert and chairman of the Swiss-based luxury goods company Richemont as well as the South Africa-based company Remgro. He is also CEO of Compagnie Financiere Richemont.

1 Aliko Dangote (56) worth $20,800 million – Chairman of Dangote Cement, this self-made millionaire continues to hold on to the top slot with aggressive plans to develop and grow his business interests.

 He is looking to build new plants in Kenya and Niger and recently said he would build a $9 billion oil refinery and petrochemical complex in Nigeria. The Dangote Group started trading as a small firm in 1977 and today it is a multi-trillion naira conglomerate with many of its operations in Benin, Ghana, Nigeria and Togo.

In Nigeria today, the Dangote Group dominates the surger market and refinery business and is the main supplier to the country’s soft drinks companies. Dangote Group also owns salt factories and flour mills and has major investments in real estate, banking, transport, textiles, oil and gas employing more than 11,000 people.

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