1. Aliko Dangote – $12.2 billion net worth
Aliko Dangote, born on the 10th of April 1957, is a Nigerian multi-billionaire and an investor in several businesses including cement, sugar, flour among others, which are all under one umbrella, Dangote Group of Companies. As earlier noted, Aliko Dangote is the richest man in Africa and has been so for several years. He has a net worth of roughly $12.2 billion. His businesses are situated majorly in Nigeria, with franchises stretching across several other African countries.
Take note that Africa’s richest man is currently the 100th richest person in the world. His current net worth of $12.2 is miles away from his net worth of over $20 billion in the early parts of 2015. By then, according to Forbes, he was the 23rd richest person in the world. A huge contributing factor to the decline of his net worth is the depreciation of Nigeria’s local currency, Naira. Notwithstanding, with Aliko Dangote current net worth he still remains the richest black person in the world.
2. Nicky Oppenheimer – $7.7 billion net worth
Nicky Oppenheimer is a South African multi-billionaire and currently Africa’s 2nd richest man, with a net worth of $7.7 billion according to Forbes 2019 rankings. He was born on the 8th of June 1945 and inherited a family business of diamond mining and production. He was formerly the CEO of De Beers and its subsidiary, The Diamond Trading Company (DTC).
In 2011 Nicky Oppenheimer sold the remaining of his family’s 40% stake on De Beers to Anglo American, a company that already owned 45% stake in the diamond business. Right now much of the Oppenheimer family efforts are directed at philanthropy.
3. Johann Rupert – $7.2 billion net worth
Johann Rupert is currently the 3rd richest man in Africa with a net worth of $7.2 billion. He was born on the 1st of June, 1950 to the family of South African business tycoon, Anton Rupert. Johann Rupert assumed the position of CEO a luxury good company, Compagnie Financiere Richemont, on the 1st of May 2010; a company in which he founded in 1988. After his assumption of CEO role the company witnessed a massive 50% stock increase annually for a long period of time.
He is a lover of sports and is known to be a former cricketer; coupled with that was his involvement in the annual Gary Player Invitational golf tournament used in raising funds for various children’s charities.
4. Nassef Sawiris – $6.8 billion net worth
Nassef Sawiris is the current CEO of Egypt-based construction company, Orascom; and is currently the 4th richest man in the world, with a net worth of $6.8 billion based on Forbes’ 2019 estimations. He was born in 1961 and has always featured among the top ten richest persons in Africa since 1998, along with his brother Onsi Sawiris.
Apart from his investments in Orascom Construction Company, he owns stakes in several other local and foreign companies including Nile Holding Investment (NHS), Besix, Adidas AG, and many more others. He currently the CEO of Aston Villa Football Club, after his company acquired a stake of 45%.
5. Mike Adenuga – $5.3 billion net worth
Mike Adenuga is the owner and founder of Nigeria’s giant telecommunication company, Globacom. He is currently the second richest man in Nigeria and the fifth richest person in Africa, with a net worth of $5.3 billion based on Forbes’ estimations. After he launched Globacom it quickly spread within Nigeria and now has branches in several other West African countries including Ghana, Benin & Côte d’Ivoire.
Mike Adenuga, apart from his investment into the telecommunication business, is currently the Chairman of Conoil, a big player in the oil sector. Petroleum business was as a matter of fact his first interest; he received a drilling license in 1990 – 9 years before he was issued a conditional GSM license.
6. Naguib Sawaris – $4 billion net worth
Also on our list of the richest men in Africa is Naguib Sawaris, elder brother of Nassef Sawiris. According to Forbes, his estimated net worth is $4 billion. And similar to Mike Adenuga, he is a chief player in the telecommunication business. After joining the family business, Orascom, in 1979, the company continued to witness massive growth and is said to be the highest employer of labor among other private sectors. He is currently the chairman of Orascom Telecom Media and Technology Holding S.A.E.
7. Issad Regrab – $4 billion net worth
Issab Regrab, along with Naguib Sawaris hold the position of 6th richest man in Africa, also having an estimated net worth of $4 billion according to Forbes. He is the founder and CEO of Cevital Group, the largest privately-owned conglomerate in Algeria. His company is widely known to produce foods including sugar, vegetable oil, and margarine, among others. CEVITAL is owns one of the largest sugar refineries in the world, and Issab Regrab is the richest man in his country of Origin, Algeria.
Apart from his investments in food business, Issab Regrab is said to have interests in construction business and is the chief Executive distributor in his country for top brands from around globe like, Hyunday, Europcar and Samsung.
8. Koos Becker – $2.8 billion net worth
Jacobus Petrus Bekker, popularly called Koos Bekker is billionaire from South Africa who currently holds the position of 8th richest man in Africa. According to Forbes he has an estimated net worth of $2.8 billion. He was able to amass so much fortune from his involvements in the media business. Koos Bekker is the chairman of Naspers, a media company that operates in over 130 countries and is currently listed in London & Johannesburg stock exchange.
He was formerly the CEO of MIH group until 1997, after taking charge of Naspers where he was CEO for several years. His tenure at Naspers oversaw the market capitalization of company from about $1.2 billion to $45 billion. He stepped down from his position as CEO of the company in 2014 and currently holds the chairmanship’s position at Naspers.
9. Mohamed Mansour – $2.7 billion net worth
Mohamed Mansour is 9th richest man in Africa with an estimated net worth of $2.7 billion according to Forbes. He was formerly an Egyptian politician, and is currently the chairman of the second largest business conglomerate in Egypt, Mansour Group, said to be worth in excess of $6 billion. His other investments include Metro, the largest Egyptian supermarket chain and an Egyptian franchise of American-based McDonalds.
Mohamed Mansour was born into the family of prominent Alexandrian business tycoon in 1948, and has since them maintained an active membership in the family business, the Mansour Group, after acquiring his degree at the North Carolina State University. He began to lead the Mansour group after the demise of his father in 1976, and has so far led them to huge success. His company is a major distributor for top companies like Chevrolet, Marlboro, General Motors and Caterpillar.
10. Patrice Motsepe – $2.4 billion net worth
Patrice Tlhopane Motsepe, born on the 28th of January 1962 is the richest black South African and currently the 10th wealthiest man in Africa, with a net worth of approximately $2.4 billion. He is the founder and executive chairman of African Rainbow Minerals, a South African-based mining company which has interests in gold, ferrous metals, base metals, and platinum. Patrice Motsepe is also the non-executive chairman of Harmony Gold, the 12th largest gold mining company in the world.