Africa’s Billionaires: Top 10 Richest People In Africa

A look into the list of Africa’s Billionaires: Here is the list of the Top 10 Richest People In Africa according to forbes billionaires 2019.

Content Highlights:
  • Aliko Dangote: $10.3 Billion
  • Mike Adenuga: $9.2 Billion
  • Nicky Oppenheimer & family: $7.3 Billion
  • Nassef Sawiris: $6.3 Billion
  • Johann Rupert & family: $5.3 B
  • Issad Rebrab & family: $3.7 Billion
  • Naguib Sawiris: $2.9 Billion
  • Koos Bekker: $2.3 Billion
  • Aziz Akhannouch & family: $2.1 Billion
  • Mohammed Dewji: $1.9 Billion
#1 Aliko Dangote: $10.3 Billion

Aliko Dangote GCON is a Nigerian business magnate, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries. As of March 2019, he had an estimated net worth of US$10.6 billion.
Aliko Dangote: $10.3 Billion

Aliko Dangote, Africa's richest man, founded and chairs Dangote Cement, the continent's largest cement producer.

He owns nearly 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, sugar and flour manufacturing companies.
Dangote Refinery has been under construction for three years and is expected to be one of the world's largest oil refineries once complete.

Born: 10 April 1957 (age 62 years), Kano
Nationality: Nigerian

#2 Mike Adenuga: $9.2 Billion
Mike Adenuga: $9.2 Billion

Michael Adeniyi Agbolade Ishola Adenuga Jr, GCON is a Nigerian billionaire businessman, and the second-richest person in Africa. His company Globacom is Nigeria's second-largest telecom operator, which has a presence in Ghana and Benin. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil.

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 43 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.

#3 Nicky Oppenheimer & family: $7.3 Billion
Nicky Oppenheimer & family: $7.3 Billion

Nicholas F. Oppenheimer is a South African billionaire businessman and philanthropist. He was formerly the chairman of De Beers diamond mining company and of its subsidiary, the Diamond Trading Company, and former deputy chairman of Anglo American. He is the third richest African.

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.

#4 Nassef Sawiris: $6.3 Billion
Nassef Sawiris: $6.3 Billion

Nassef Onsi Sawiris is an Egyptian billionaire businessman, the youngest of Onsi Sawiris' three sons. As of April 2019, his net worth was estimated to be $7.5 billion, and the fourth richest African in 2019, according to Forbes.

Nassef Sawiris is a scion of Egypt's wealthiest family. His brother Naguib is also a billionaire.
Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction.

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.

#5 Johann Rupert & family: $5.3 B
Johann Rupert & family: $5.3 B

Johann Peter Rupert is a South African-born entrepreneur, who is the eldest son of business tycoon Anton Rupert and his wife Huberte. He is the chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro.

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.

#6 Issad Rebrab & family: $3.7 Billion
Issad Rebrab & family: $3.7 Billion

Issad Rebrab, is an Algerian billionaire businessman, CEO of the Cevital industrial group, the largest private company in Algeria, active in steel, food, agribusiness and electronics. According to Bloomberg, Rebrab is the ninth richest person in Africa, with an estimated net worth of US$3.9 billion, as of 2019.

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.

Rebrab has plans to build a steel mill in Brazil to produce train tracks and improve transportation logistics for sugar, corn and soy flour exports.

His five children work at Cevital.

#7 Naguib Sawiris: $2.9 Billion
Naguib Sawiris: $2.9 Billion

Naguib Onsi Sawiris is an Egyptian billionaire businessman. Sawiris is chairman of Weather Investments's parent company, and chairman of Orascom Telecom Media and Technology Holding S.A.E.

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 Telecom Media & Technology--renamed Orascom Investment Holding to reflect investments in other sectors.

Family holding La Mancha has stakes in Evolution Mining, Endeavour Mining and Golden Star Resources, which operate gold mines in Africa and Australia.

In 2017, he shifted ownership of La Mancha to his mother, Yousriya Loza-Sawiris, for estate planning purposes.

#8 Koos Bekker: $2.3 Billion
Koos Bekker: $2.3 Billion

Jacobus Petrus "Koos" Bekker is chairman of emerging markets media group Naspers. The company operates in 130 countries, is listed on the London and Johannesburg Stock Exchanges, and has the largest market capitalization of any media company outside the US and China.

Koos Bekker is revered for transforming South African newspaper publisher Naspers into an ecommerce investor & 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.

Naspers has a 31% stake in Tencent, and Bekker serves as a non-executive director at the Chinese company.

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.

#9 Aziz Akhannouch & family: $2.1 Billion
Aziz Akhannouch & family: $2.1 Billion

Aziz Akhannouch is a Chleuh-Berber Moroccan businessman and current Minister of Agriculture in Abdelilah Benkirane's cabinet since 2007.

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.

#10 Mohammed Dewji: $1.9 Billion
Mohammed Dewji:  $1.9 Billion

Mohammed "Mo" Gulamabbas Dewji is a Tanzanian businessman and former politician. He is owner of MeTL Group, a Tanzanian conglomerate founded by his father in the 1970s. Dewji served as Member of the Tanzanian Parliament for Chama Cha Mapinduzi from 2005 to 2015 for his home town of Singida.

Mohammed Dewji 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.


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