Billionaires Club: Top 20 Richest People in Africa [Update]

Nigerian Aliko Dangote tops the list of richest Africans for the tenth year in a row. Egypt’s Nassef Sawiris, who controls a 6% stake in sportswear, Adidas, came in second, while South Africa’s Nicky Oppenheimer came in third.

No Ghanaian, however, is on the list.

The wealth of these billionaires is calculated using stock prices and exchange rates

Check out the full list below

The billionaire Nigerian business mogul is Africa’s richest person, with an estimated net worth of $ 12.1 billion. Its main source of income comes from the sale of cement and sugar.

Dangote’s wealth increased by $ 2 billion in 2020 after a 30% increase in the share price of its cement plant.

The Egyptian rakes in billions in construction and investments in various sectors. The 60-year-old is the youngest of Onsi Sawiris’ three sons.

In May 2021, his net worth was estimated at $ 9.2 billion, up from $ 8.5 billion in January.

In 2021, he was considered the richest Arab as well as the second richest African.

With a net worth of $ 8.1 billion, Oppenheimer is the richest South African and the third on the continent. He previously served as chairman of diamond mining company De Beers and its subsidiary Diamond Trading Company.

In 2012, however, he sold his family’s 40% stake to mining giant AngloAmerican for $ 5 billion.

The 71-year-old South African is among the richest men in Africa. Its source of income is mainly luxury goods. He is chairman of the Swiss luxury goods company Richemont and the South African company Remgro.

Rupert’s wealth is estimated at $ 7.2 billion.

The Nigerian billionaire owns Globacom, the second largest telecom operator in the West African country, present in Ghana and Benin. His fortunes also come from the multi-billion oil industry. His net worth is estimated at $ 6.2 billion.

Abdul Samad is a Nigerian billionaire businessman and philanthropist.

His late father, Khalifah Isyaku Rabiu, was one of Nigeria’s biggest industrialists in the 1970s and 1980s.

He earns money from the sale of cement and sugar. His net worth is estimated at $ 5.5 billion.

The Algerian billionaire businessman is the CEO of the industrial group Cevital, the largest private company in Algeria, active in the steel industry, the food industry, the food industry and electronics. His net worth is approximately $ 4.8 billion.

Naguib is the older brother of Nassef Sawiris. The 67-year-old is chairman of the parent company of Weather Investments and chairman and chief executive officer of Orascom Telecom Holding. As of April 2021, his net worth was valued at $ 3.5 billion.

Motsepe is a billionaire South African mining businessman with a net worth of $ 3 billion. He is the Founder and Executive Chairman of African Rainbow Minerals, which deals with gold, ferrous metals, base metals and platinum.

Bekker’s investments in the media industry in South Africa have propelled him into the top 10 richest Africans. He is the chairman of the Naspers media group and has a net worth of $ 2.8 billion.

The Egyptian is the chairman of Mansour Group, a $ 6 billion conglomerate that is Egypt’s second-largest company by revenue. The Mansour Group is the largest general engine dealer in the world and the fifth largest distributor of Caterpillar Inc. products in the world. His fortune is valued at $ 2.5 billion.

The Moroccan businessman who currently heads the Ministry of Agriculture has a net fortune of $ 2 billion. The 60-year-old is the CEO of Akwa Group, a Moroccan conglomerate active in the oil and gas sectors.

Dewji, 46, from Tanzania, is ranked as the richest East Africa with a net worth of $ 1.6 billion. Its sources of income are diversified. He owns MeTL Group, a commodity trading company founded by his father.

The Egyptian billionaire is co-owner of the Mansour group. The father of five is estimated at $ 1.5 billion.

The billionaire Moroccan banker is known to have co-founded BMCE Bank and Bank of Africa. He is its chairman and chief executive officer.

In 2021, his net worth was estimated at $ 1.3 billion.

The South African is the founder of Capitec Bank, ranked in 2017 as the second largest retail bank in South Africa, based on the number of customers. Michiel’s wealth is valued at $ 1.2 billion.

Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist. He is the founder and executive chairman of the international technology group Econet Global. He is linked to Michiel with wealth valued at $ 1.2 billion.

Yasseen is a member of the Mansour family, owner of the Mansour group.

He is also president of Palm Hills Developments, one of Egypt’s largest real estate developers. His net worth is estimated at $ 1.1 billion.

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