1. ALIKO DANGOTE, 2. JOHANN RUPERT, 3. NICKY OPPENHEIMER, 4. NASSEF SAWIRIS, 5. ABDULSAMAD RABIU, 6. MIKE ADENUGA, 7. ISSAD REBRAB, 8. NAGUIB SAWIRIS, 9. PATRICE MOTSEPE, 10. KOOS BEKKER, 11. STRIVE MASIYIWA, 12. MOHAMED MANSOUR. Our list of the richest people in Africa who live or conduct business in Africa excludes Sudanese-born billionaire Mo Ibrahim, who is a British citizen, and Egyptian billionaire Mohamed Al-Fayed, who lives in London. Due to his telecom interests throughout Africa, Strive Masiyiwa, a Zimbabwean citizen and London resident, features on the list. From the close of business on Wednesday, January 19, 2022, net worths were computed using stock prices and currency exchange rates. Toplist starts with revenue or profit forecasts and applies current price-to-sale or price-to-earnings ratios for similar public companies to evaluate privately-held enterprises.
- ALIKO DANGOTE
- JOHANN RUPERT
- NICKY OPPENHEIMER
- NASSEF SAWIRIS
- ABDULSAMAD RABIU
- MIKE ADENUGA
- ISSAD REBRAB
- NAGUIB SAWIRIS
- PATRICE MOTSEPE
- KOOS BEKKER
- STRIVE MASIYIWA
- MOHAMED MANSOUR
Aliko Dangote, the billionaire, was born on April 10, 1957, in Kano, Nigeria. He is the richest person of color in the world and the first of the richest people in Africa. A young Nigerian businessman borrowed $3,500 from his uncle when he turned 21 to import and sell agricultural items in his own country. As the firm grew in popularity, this potential entrepreneur proceeded to construct cement plants. Mr. Dangote’s enterprises are currently operating in Senegal, Tanzania, Cameroon, Zambia, Congo, Ethiopia, and South Africa, with plans to expand to more African nations.
In addition, this billionaire invests in the oil business, manufactures trucks and automobiles, and controls the world’s third-biggest sugar mill. Many of his businesses account for a fourth of the Nigerian Stock Exchange’s market value. Aliko Dangote is the only businessman in Nigeria to have achieved such great success from a purely manufacturing business, rather than from the service sector, where companies like Mobile phone founder Mike Adenuga Globacom (with a total asset value of $2.8 billion) or emerging giants primarily make money from high-tech digitization services.
Net worth: $13.9 billion
Johann Rupert, the chairman of Swiss luxury conglomerate Richemont, leads an exclusive portfolio of luxury brands that includes fashion labels Azzedine Alaa, Chloé, and Dunhill, as well as established jewelry and watch companies like Van Cleef & Arpels, Vacheron Constantin, and Cartier. In 2010, the company also purchased a 100 percent stake in luxury e-tailer Net-a-Porter, valuing the company at over $500 million.
Johann Rupert has the majority stake in parent business Compagnie Financière Richemont and also controls the activities of the investment company subsidiary Remgro, and is credited for spearheading Richemont’s popularity within the luxury market since arriving in 1984. Richemont was formed by the South African billionaire in 1988 as a spin-off of Rembrandt Group Limited, which was founded by his father Anton Rupert in the early 1940s.
Before founding Richemont, Rupert founded Rand Merchant Bank in 1979, after working at Chase Bank in Manhattan and Lazard Frères. In 1984, the established businessman joined his father’s firm Rembrandt after briefly attending the University of Stellenbosch to study economics and company law. Johann Rupert has received several awards for his commercial achievements, including the French Legion d’Honneur in 2009.
Net worth: $11 billion
Industry: Fashion and Retail
Country: South Africa
In August 2012, the Oppenheimer family sold their remaining 40% interest in De Beers to Anglo American for $5.2 billion, bringing the diamond dynasty’s 80-year reign to an end. At the time, Nicholas Oppenheimer told Bloomberg News that he wanted to spend part of the selling earnings in Africa. Tana Africa Capital, his Africa-focused private equity joint venture with Temasek Holdings, was already up and running. He and his son Jonathan own Tswalu Kalahari, South Africa’s largest private game reserve, as supporters of wilderness conservation.
Net worth: $8.7 billion
Industry: Metals and mining
Nassef Onsi Sawiris was born on Jan. 19, 1961, in Cairo, Egypt. Egypt’s richest man controls 30% of OCI, a fertilizer company situated in Geleen, Netherlands, which was founded after a demerger from his family’s original firm, Orascom Construction. His other holdings include a 6% investment in Adidas and a stake in LafargeHolcim, the world’s largest cement firm.
A share in Adidas, the shoe and sports equipment maker, is Sawiris’ most valuable asset. According to the business’s 2020 annual report, he controls 6% of the voting rights of the Herzogenaurach, Germany-based corporation through Cayman Islands-based Elian Corporate Trustee.
According to estimates, the billionaire owns around 0.3 percent of Lafarge Holcim stock. In July 2015, the firm was formed by the combination of Lafarge and Holcim. He bought his first interest in Lafarge in January 2008, after selling Orascom Construction’s cement sector to the firm for $12.8 billion. Nassef Sawiris bought the Egyptian Fertilizer Company and joined the fertilizer sector. Through organic growth and acquisitions, Orascom’s fertilizer unit expanded to become the world’s third-largest nitrogen-based fertilizer manufacturer. As all the facts mentioned, his huge pile of assets makes him appear on this list of the richest people in Africa.
Net worth: $8.6 billion
Industry: Construction and engineering
Abdulsamad Rabiu, a Nigerian businessman, is ranked fifth on the list of the richest in Africa. He began his career in business in 1988 when he founded BUA International Limited, a sugar refining and cement production company. Two years later, Delta Steel, a huge government-owned corporation, signed a deal to provide raw materials to BUA.
This is an extremely positive indicator for BUA. Rabiu’s business is booming, with more steel and iron ore being imported. Rabiu had a wonderful year in 2008 when he built Central Africa’s second-largest sugar factory. He also established the BUA charity and the Bayero Kano University Center for Islamic Studies.
Abdulsamad Rabiu is the creator of Celtel, a mobile phone firm with operations in 23 African and Middle Eastern nations. Mo Ibrahim sold Celtel for $3.4 billion in 2005, after seven years in the company. Ibrahim launched his fund two years later to develop and promote public administration in African countries. He resides in London but spends most of his time in Africa conducting philanthropy and investment. He appears to be putting in a lot of effort with his investment. He also invented the “Mo Ibrahim Index,” which helps assess a country’s success in several domains (economy, governance, etc.).
Net worth: $7 billion
Mike Adenuga was born on April 29, 1953, in the historic city of Ibadan to Michael Agbolade and Omoba Juliana Oyindamola Adenuga. The millionaire businessman worked as a cab driver to pay for his studies and support himself in the United States. Don’t get me wrong. Adenuga’s parents were both prosperous; his father was a teacher, and his mother was a wealthy merchant. The Globacom CEO, on the other hand, did not match the stereotype of a child born with a silver spoon.
Mike Adenuga became a billionaire at the age of 26 by marketing Coca-Cola and selling lace materials in Africa after graduating from school in the United States. He also proved to be a tenacious entrepreneur, earning his first million at the age of 26 in 1979. He hasn’t stopped since then. He dabbled in a variety of enterprises, from oil and gas to telecoms, and prospered.
His firm, Conoil Producing, is currently the country’s largest oil and gas company, producing around 100,000 barrels of oil per day. He also controls Globacom, Nigeria’s second-largest mobile phone company, with over 15 million members. Mike Adenuga, 58, rose from 595th position in 2011 to 248th place in Forbes rankings in a year, more than tripling his fortune to $4.3 billion. Adenuga, the second richest person in Nigeria is also the 6th richest of the richest people in Africa.
Net worth: $6.7 billion
In Algeria, with nearly 37 million people, oil and gas are considered the backbone of the economy, so few would expect Issad Rebrab, the first Algerian to make the list of the world’s billionaires as well as the richest people in Africa, to get rich through the food business. He founded Cevital, the largest private company in Algeria operating in the field of food and beverages. Rebrab steadily grew its company by purchasing other firms with discipline, sensible timing, and unwavering determination.
Cevital, with 19 companies, became Alegria’s largest private multi-sector company in 2007, focusing on four primary business areas: food processing, automobiles, light manufacturing, and distribution. This company produces about 2 million tons of sugar every year, volume up a content copy. In addition, Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill, and a German water purification company. After serving 8 months in jail on charges of corruption, Issad Rebrab was released on January 1, 2020. He denies any wrongdoing.
Net worth: $5.1 billion
Industry: Food and Beverage
The Coptic tycoon, who built his wealth in telecommunications, was correct in his gold wager. Naguib Sawiris and his team at La Mancha – the mining holding company he just converted into an investment fund – and Endeavour Mining, of which he is the largest shareholder, have had a successful year.
Endeavour Mining, a Canadian corporation based in London and Abidjan, has become West Africa’s biggest gold producer. It is neck and neck with Harmony Gold of South Africa, the world’s tenth-largest gold business. It is expected to produce 1.5 million ounces of gold per year by the end of 2021. He made his wealth in the telecom industry, selling Orascom Telecom to VimpelCom (now Veon) in a multibillion-dollar deal in 2011.
Addition to, He is the chairman of Orascom TMT Investments, which owns investments in Egyptian asset management as well as the Italian internet business Italiaonline. Naguib Sawiris controls 88 percent of Euronews, a pan-European pay-TV, and video news network, through his Media Globe Holdings. Besides, on the Caribbean island of Grenada, he also built the Silversands luxury resort. Those things make it impossible to deny that he is in the top of the richest people in Africa is a mistake.
Net worth: $3.4 billion
Patrice Tlhopane Motsepe was born on January 28, 1962 in Pretoria and is a mining entrepreneur from South Africa. Patrice Motsepe achieved great success despite growing up during apartheid, a destiny not shared by the majority of South Africa’s black population. In the same year that Nelson Mandela became South Africa’s first black president, he joined the Bowman Gilfillan legal firm. He is the founder and executive chairman of Rainbow Minerals Africa. The firm is involved in a variety of mining, including gold, base metals, ferrous metals, and platinum. He sits on the boards of various firms, including Harmony Gold, which is the world’s tenth-largest gold mining company. He is also Sanlam’s vice president. He is recognized as South Africa’s richest man and is ranked 9th at the top of the list of the richest people in Africa.
Patrice Motsepe is also the owner of Mamelodi Sundowns FC, a top-flight soccer team. He purchased a 37 percent ownership in the Blue Blue Bulls Co., a well-known South African rugby team. He is now the Black Business Council’s temporary chairman. He was the founding president of Business Unity SA, the country’s most powerful advocacy and lobbying organization. In 2013, he took part in The Giving Pledge, pledging to donate half of his money to charity.
Net worth: $3.1 billion
Jacobus Petrus Bekker, also known as Koos Bekker, is a South African billionaire who was born in the town of Potchefstroom in 1952. Koos Bekker is the chairman of Naspers, a media conglomerate with operations in 130 countries and stock exchange listings in London and Johannesburg. Outside of China and the United States, Naspers has the highest market capitalization of any media firm. After graduating in 1984, he and a few others launched one of the first two pay-television systems outside of the United States. M-Net and its subsidiaries, such as Multichoice, eventually expanded to 48 African nations.
In 1990, Koos Bekker was a founding director of MTN, a mobile communication firm. In 1997, he was named CEO of Naspers, which was the first investor in M-Net/Multichoice and eventually purchased all other stockholders. He also served on the Local Organising Committee for the 2010 FIFA World Cup. Bekker oversaw large investments in emerging market Internet businesses that have paid off in recent years, including shares in China’s Tencent Holdings, Brazilian magazine publisher Abril, and Russian Internet powerhouse Mail.ru.
Net worth: $2.7 billion
Industry: Media and entertainment
Strive Masiyiwa is the wealthiest individual in the South African Republic of Zimbabwe. In 1993, he launched the telecoms business Econet Wireless, which pioneered the use of mobile phones and changed the country’s communication environment. Masiyiwa also owns just over half of the private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa.
Strive Masiyiwa and his wife Tsitsi created Higherlife 20 years ago to assist the education of over 250,000 African youngsters. He also provides educational opportunities and student subsidies to over 40,000 orphans in the United States, the United Kingdom, and China. Strive Masiyiwa has been nicknamed the “Bill Gates of Africa” for his commercial acumen and charitable efforts. Strive Masiyiwa’s assets are currently valued at over 73 trillion VND. He used to buy luxurious real estate for tens of billions of dong. Strive Masiyiwa relocated to the United Kingdom in 2010. He currently resides in a home in Surrey, valued at more than 75 billion VND, on exclusive private property.
Mohammed is one of the twelve richest people in Africa and one of five Egyptians on the list. The real name of Mansour is Mohamed Mansour, and he was born in the year 1948. Mohamed Mansour, the founder of the Mansour Group, is an Egyptian businessman and millionaire. He is presently the chairman of the Mansour Group, which is a family company. Mansour Group is expected to be valued at more than $6 billion in 2021. Mohamed and his three brothers established Mansour Group, a multibillion-dollar corporation.
Mohamed Mansour even resigned from his job to become Egypt’s minister of transportation. Despite retiring to become Egypt’s minister of transportation, Mohamed Mansour continues to profit from the Mansour Group. His subsidiary firm, Man Capital, provides a significant source of revenue for the Egyptian native. All of this has helped Mansour ascend to the list of the top richest people in Africa. In 2021, he will be worth billions of dollars. According to Forbes, worth 2.5 billion dollars, only behind Aliko Dangote, Michael Adenuga, Oppenheimer, Nassef Sawiris, Johann Rupert, Issad Rebrab, and Naguib Sawiris.
Net worth: $2.5 billion