Africa News, Culture And Rankings

Forbes 2017: Meet The 10 Wealthiest People in Africa

(This here is the updated list, released February, 2020 – These are the Richest People in Africa (2020): Their Age, Business and Net worth

This year’s forbes Africa’s Billionaires list is dominated by South Africans, who have a combined net worth of $21.30 billion.

Only two Nigerians -Dangote and Adenuga- made it into the top 10, Nigerian businessmen Femi Otedola and Abdulsamad Rabiu didnt even make it into the top 25 this year.

Angolan Isabel dos Santos and oil tycoon Folorunsho Alakija of Nigeria still remain the only two female billionaires on the continent.

Meet the Top 10 wealthiest people in Africa – Forbes 2017…

1. Aliko Dangote, Nigerian

Net Worth: $12.2 billion
Source Of Wealth: Cement, flour, sugar, salt

Forbes 2017: Meet The 10 Wealthiest People in Africa

The Nigerian business man founded Dangote Group in 1981 and thereafter transformed it into a conglomerate comprised of Dangote Sugar Refinery, Dangote Flour and Dangote Cement.

#fact’ Dangote also happens to be the rich black person alive.

2. Nicky Oppenheimer, South African

Net Worth: $7 billion
Source Of Wealth: Diamonds

Nicky is formerly the Chairman of De Beers diamond mining company and of its subsidiary, the Diamond Trading Company, and former Deputy Chairman of the Anglo American Corporation.

3. Mike Adenuga, Nigerian

Net Worth: $6.1 billion
Source Of Wealth: Telecom, Oil, Real Estate

Adenuga built his fortune in oil and mobile telecoms. His Conoil Producing was the first indigenous Nigerian oil exploration company to strike oil in commercial quantities in Nigeria. His mobile telecoms company, Globacom, is the second largest operator in Nigeria.

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See also: Top 10 black billionaires – forbes 2017

4. Johann Rupert, South African

Net Worth: $6.3 billion
Source Of Wealth: Luxury Goods

Rupert is the the chairman of the Swiss-based luxury-goods company Richemont as well as of the South Africa-based company Remgro.

5. Nassef Sawiris, Egyptian

Net Worth: $6.2billion
Source Of Wealth: Construction, Chemicals

Egypts richest man Nassef Sawiris, runs OCI, one of the largest nitrogen fertilizer producers in the world.

He is also the largest individual shareholder of Adidas; he holds 6% of Adidas shares, which is approximated to worth about $1 billion.

See also: Top 10 Least happiest countries in Africa – UN happiness report

6 . Christoffel Wiese, South African

Net Worth: $5.9 billion
Source Of Wealth: Retail

A lawyer by profession, Christoffer left the Cape bar to join a family business as a Director of Pepkor, His Pepkor group currently operates more than 4000 retails with major operations in South Africa, Australia and Poland.

His company pepkor also recently acquired Shoprite Holdings (the largest food retailer in Africa).

7. Nathan Kirsch, South African

Net Worth: $3.9 billion
Source Of Wealth: Retail

Nathan Kirsh made his first fortune in his native Swaziland, founding a corn milling business in the country in 1958. He expanded into wholesale food distribution in apartheid South Africa, and then into supermarkets and commercial property development.

See also: 7 sad facts about the internally displaced people in Nigeria

8. Naguib Sawiris, Egyptian

Net Worth: $3.8 billion
Source Of Wealth: Telecom

Naguib Sawiris is the chairman of Weather Investments’s parent company and Chairman of Orascom Telecom Media and Technology Holding S.A.E.

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He is most recently known for his desire to buy an island from Greece or Italy Island to give syrian refugees a home.

9. Isabel dos Santos, Angolan

Net Worth: $3.1 billion
Source Of Wealth: Investments

The oldest daughter of Angola’s outgoing president and Africa’s richest woman owns a significant stake in Unitel, Angola’s largest mobile phone network, and a stake in Banco BIC. Outside Angola, she owns nearly 6% of oil and gas firm Galp Energia (alongside Portuguese billionaire Americo Amorim), and nearly 19% of Banco BPI, the country’s fourth-largest bank.

10. Issad Rebrab, Algerian

Net Worth: $3 billion
Source of Wealth: Food

Issad is the CEO of the CEVITAL industrial group, the largest private company in Algeria, active in steel, food, agribusiness and electronics

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