The 15 richest people in Africa have a combined total net worth of $73.3 billion. They have made fortunes by investing in industries like diamonds, oil, and retail. Top on this list is Aliko Dangote, who is the owner of the largest conglomerate in West Africa, and has a net worth of $13.5 billion.
The other notable highlight on the list is Patrice Motsepe, one of the richest people in South Africa. He has a net worth of $2.2 billion. In 2008, he became the first black African to appear on the Forbes list after he has deemed a billionaire. Isabel dos Santos also made this list, who is the daughter of the former president of Angola. She controversially made her fortune by investing in various Angolan companies throughout her father’s presidency.
15. Youssef Mansour
Net Worth: $1.9 billion
Age: 75
Nationality: Egyptian
Business: Part owner, Mansour Group
Source of income: Youssef like his brothers owns a stake in Mansour Group. Mansour Group is the largest distributor of General Motor vehicles in Egypt. Youssef is the head of its consumer division.
Net Worth: $1.7 billion
Age: 47
Nationality: Angola
Business: Investment
Source of income: Isabel is the daughter of the former president of Angola. She controversially acquired stakes in several companies like Telecommunication Company during her father’s presidency.
She has been accused of corruption by Angolan authorities and is facing a criminal investigation. Meantime she has fled to Europe and denied any corruption charges.
13. Yasseen Mansour
Net Worth: $2.3 billion
Age: 59
Nationality: Egypt
Business: Real Estate, Mansour Group
Source of income: Yasseen is the chairman of one of the largest real estate developers in Egypt, Palm Hills development. Like his brothers Youssef, he also owns a stake in his family’s company Mansour Group, which is the largest distributor of General Motor vehicles in Egypt.
12. Koos Bekker
Net Worth: $2.5 billion
Age: 67
Nationality: South Africa
Business: Media
Source of income: Bekker is the chairman of the media group “Naspers”. Naspers is one of the world’s largest technology investors. Naspers operates in over 100 countries. The company also holds an investment in a Chinese internet and media company, Tencent.
11. Patrice Motsepe
Net Worth: $2.2 billion
Age: 58
Nationality: South Africa
Business: Mining
Source of income: Motsepe is the founder of the African Rainbow Minerals Company, which holds investments in various minerals such as platinum, copper, and coal. He is also the founder of the private equity firm African Rainbow Capital. Motsepe became the first Black African to appear on Forbe’s billionaire list after becoming a billionaire in 2008.
10. Abdulsamad Rabiu
Net Worth: $3.1 billion
Age: 60
Nationality: Nigeria
Business: Manufacturing
Source of income: Abdulsamad is the son of Isyaku Rabiu, who is one of Africa’s most famous industrialists. Rabiu is the founder of the Nigerian conglomerate BUA Group, which is known for producing cement, sugar, and controlling real estate.
Net Worth: $3.3 billion
Age: 72
Nationality: Egypt
Business: Industrial
Source of income: Mohamed Mansour is the head of his family’s company, Mansour Group. Mansour Group is one of the largest companies in Egypt and one of the largest dealers of General Motors in Egypt. The company is also one of the top distributors of Caterpillar products, in Egypt, it is also the operator of the largest supermarket chain, Metro Markets.
Net Worth: $3.5 billion
Age: 59
Nationality: Morocco
Business: Oil & Gas
Source of income: Aziz Akhannouch is currently the agriculture and fisheries minister in Morocco. He is the CEO of his family’s company Akwa Group, which holds an interest in various Gas and Oil companies.
Net Worth: $5.34 billion
Age: 66
Nationality: Egypt
Business: Media and Telecommunications
Source of income: In 2011, Sawiris made more than $4 billion when he sold his stakes in the Telecom Company in Vimpelcom. He has stakes in various gold mines throughout the world. He is the brother of a fellow billionaire, Nassef Sawiris.
Net Worth: $5.6 billion
Age: 59
Nationality: Egypt
Business: Industrial
Source of income: He is the son of billionaire Onsi Sawiris, who is known as the richest man in Egypt. He is famous for owning a 30% stake in the fertilizer producer OCI. He also owns 6% stake in Adidas.
Net Worth: $6.53 billion
Age: 75
Nationality: South Africa
Business: Diamonds
Source of income: Oppenheimer is the heir of De Beers, the world’s largest producer of diamonds. In 2012, he sold his family stake of 40 % in the company for $5.2 billion in cash.
Net Worth: $6.64 billion
Age: 70
Nationality: South Africa
Business: Luxury
Source of income: Johann is the heir and chairman of Richemont, which is known for owning Cartier. The company is the largest luxury watchmaker in the world.
3. Issad Rebrab
Net Worth: $7.5 billion
Age: 76
Nationality: Algeria
Business: Industrial
Source of income: Issad Rebrab is the founder of Cevital. It is the largest privately held conglomerate in Algeria. Cevital owns various brands including one of the largest sugar refineries in the world. It also owns a home appliance company, a steel mill, and a water purifier enterprise.
2. Mike Adenuga
Net Worth: $7.7 billion
Age: 67
Nationality: Nigeria
Business: Oil & Telecommunications
Source of income: Mike Adenuga owns a stake in an oil company called Conoil. He is also the chairman of Globacom, which is the second-largest telecommunication company that operates in Africa.
Net Worth: $13.5 billion
Age: 63
Nationality: Nigeria
Business: Manufacturing and Industrial
Source of income: He is the founder of the Dangote Group, which is West Africa’s largest conglomerate. The company owns the largest Cement producer in sub-Saharan Africa. Including Cement, the company is also the producer of products such as sugar, flour, salt, steel, oil, and gas.
