Top 5 Wealthiest People in Africa
Africa is a diverse continent, home to more than 1.5 billion people.
A few people have been able to take up the opportunity of utilizing the immense resources and opportunities present in Africa, making a name for themselves in the process.
These people have dealings in oil production, real estate development, telecom sector, vehicle manufacturing, mining, refinement, etc.
Africa currently has more than 20 people belonging to the billionaire status.
Last year, Billionaires in Africa had an immense growth even though most continents were stricken with the COVID 19 pandemic, with a recorded 12% growth.
These African billionaires come from various countries in Africa, dealing with different sectors in business all over the continent and abroad.
Achieving this feat from immense investments and struggle, here is a compiled list of the top five wealthiest people in Africa.
Top 5 Wealthiest People in Africa
5. MIKE ADENUGA (NIGERIA)
Net worth: $6.1 billion.
At 67 years, Mike Adenuga is the 5th richest person in Africa.
The founder of the renowned company Globacom, Mike Adunaga is worth more than 6 billion dollars!
Globacom is Mike’s main source of wealth, with the company boasting more than 40 million subscribers.
He also has stakes in various major organizations in Equitorial Trust Bank and Conoil.
His Consolidated Oil was the first indigenous oil company to discover oil in large, commercial quantities.
DID YOU KNOW?
Mike Adenuga Sponsored himself to school at pace university in the United States. He was a taxi driver for years.
He first started several hustles doing petty business such as selling laces, distribution of soft drinks and laces during his teen years.
4. JOHANN RUPERT (SOUTH AFRICA)
Net worth: $7.3 billion
Johann Rubert is the 4th richest man in Africa, with a net worth of about 7.3 billion dollars.
He obtained this immense wealth from various investments and company startups in all other worlds.
Johann is a South African-born entrepreneur born in 1950 and is the eldest son of a popular business tycoon, Anton Rupert.
He is the current chairman of Richemont and Remgro companies. Richemont is a Swiss-based company that deals in luxury goods.
Remgro Limited is located in Stellenbosch, South Africa. It is an investment holding that has interests in, financial services, banking, medical services, mining, petroleum, beverage, food, and a lot of others.
Johann holds majority stakes in these companies, which has witnessed commendable success over the years, thus granting him his financial success.
3. NICKY OPPENHEIMER (SOUTH AFRICA)
Net worth: $8 billion
Nicky Oppenheimer is another billionaire that hails from South Africa.
He comes from a family that has had a major hand in the economic development of several major firms in South Africa.
The Oppenheimer family has been involved in diamond mining for decades. This has been a major boost for each member as they are all established with businesses of their own.
He is the third richest man in Africa at age 75, with a net worth of 8 billion dollars!
He has held many prominent positions some of which are deputy chairman of the then Diamond Trading Company in 1984, deputy chairman of De Beers Consolidated Mines in 1985, chairman of the Diamond Trading Company in 1985, and the Chairman of the De Beers Group from 1998 to 2012.
2. NASSEF SAWIRIS (EGYPT)
Net worth: $8.12 billion
Nassef Sawiris hail from Egypt and is the second wealthiest person in the whole of Africa.
His three brothers, Naguib, Samih, and Nassef are also among the richest people in Africa, each gaining immense wealth from their family long-lead businesses and firms.
After Orascom (the main family’s business) was divided into various companies, Nassef headed Orascom Constructions, Which became Egypt’s first multinational cooperation.
They have branches in more than 25 countries all over the world.
Nassef also jointly owns the NSWE group with investor Wes Edens. Then NSWE group bought and owns the English football club Aston Villa.
Nassef Sawiris is 59 years old.
1. ALIKO DANGOTE (NIGERIA)
Net worth: $11.3 billion
Our number one on the list is Aliko Dangote who hails from Nigeria.
Aliko Dangote is currently Africa’s richest man. He has held this spot for a lot of years and doesn’t seem to back down anytime soon.
Dangote is a formidable giant in major industries like oil, sugar, and cement, with his company Dangote cement holding the spot as having the largest cement production and Distribution Company in Africa.
Currently building a 12 billion dollar REFINERY, this is projected to be the largest oil refinery in Africa.
Aliko Dangote is 63 years old.
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