Top 20 Richest People in Africa 2021: Their Age, Business and Net Worth

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According to 2021 Forbes ranking, Aliko Dangote of Nigeria is Africa’s richest person (for the 9th year in a row). His net-worth is estimated at $12.1 billion.

Top 20 Richest People in Africa 2021: Their Age, Business and Net Worth

The second richest in Africa is Egyptian billionaire Nassef Sawiris. He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa. He is currently worth an estimated $8.5 billion.

Nicky Oppenheimer ($8 billion) Johann Rupert ($7.2 billion) and Mike Adenuga ($6.3 billion) completes the top 5 richest in Africa.

According to forbes, there are 18 billionaires from Africa and they hail from seven different countries. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Algeria, Tanzania and Zimbabwe all have one billionaire each.

Altogether they are worth $73.8 billion, slightly more than the $73.4 billion aggregate worth of the 20 billionaires on last year’s list of Africa’s richest people.

For the tenth year in a row, Aliko Dangote of Nigeria is the richest person in Africa, worth an estimated $12.1 billion.

The year’s biggest gainer is Nigerian cement tycoon, Abdulsamad Rabiu. Worth $5.5 billion—up from $3.2 billion last year.

The only two female billionaires from Africa have both fallen off the list. Forbes calculates that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below $1 billion due to lower oil prices. And Isabel dos Santos, who since 2013 has been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal.

The Top 5 Richest People in Africa 2021

The Top 20 Richest People in Africa, their Age, Business and Net Worth

1. Aliko Dangote

Net Worth: $12.1 billion
Country: Nigeria
Source of Wealth: cement, sugar, flour, Self Made
Age: 63

Dangote is the Richest Person in Africa 2021

Aliko Dangote GCON (Grand Commander of the Order of the Niger) is a Nigerian billionaire businessman, and the owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries. As of January 2021, he had an estimated net worth of US$ 12.1 billion.

He is the great-grandson of Alhaji Alhassan Dantata, the richest West African at the time of his death in 1955.

Dangote Group was established as a small trading firm in 1977, the same year Dangote relocated to Lagos to expand the company. Today, it is a multi-trillion- naira conglomerate with many of its operations in Benin, Ghana, Nigeria, Zambia and Togo.

Dangote has expanded to cover food processing, cement manufacturing, refinery and freight. The Dangote Group also dominates the sugar market in Nigeria and is a major supplier to the country’s soft drink companies, breweries, and confectioners.

Dangote is ranked by the forbes Billionaires Index as the richest black man alive.

2. Nassef Sawiris

Net Worth: $8.5 billion
Country: Egypt
Source of Wealth: construction, chemicals
Age: 60

Nassef Sawiris is the second Richest Person in Africa 2021

Nassef Onsi Sawiris is an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons. As of January 2021, his net worth was estimated to be $8.5 billion, making him the second richest African in 2021, according to Forbes.

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.

His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas.

Sawiris’ most valuable asset is a 5.7% stake in shoemaker Adidas which is worth a bit more than $4 billion.

He is also the chairman of Aston Villa F.C.

3. Nicky Oppenheimer

Net Worth: $8 Billion
Country: South Africa
Source of Wealth: Diamonds
Age: 75

Richest People in Africa 2021

Nicholas F. Oppenheimer is a South African billionaire businessman, philanthropist and the third richest man in Africa and the richest man in South Africa. 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.

Nicholas Oppenheimer’s grandfather is the first generation to chair De Beers (an international corporation that specialises in diamond exploration, diamond mining, diamond retail, diamond trading and industrial diamond manufacturing sectors), from 1929.

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 is currently running Fireblade Aviation, an aviation company he started in 2014 based in Johannesburg which operates chartered flights with its fleet of 3 planes and 2 helicopters.

4. Johann Rupert

Net Worth: $7.2 Billion
Country: South Africa
Source of Wealth: luxury goods
Age: 70

Johann Rupert is The second Richest man in South Africa 2021

Johann Peter Rupert is a South African-born entrepreneur, who is the eldest son of business tycoon Anton Rupert.

Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont, the company is best known for the brands Cartier and Montblanc. 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.

Together with his family, he was estimated to be worth $7.2 billion as at January 2021, and was ranked as the second wealthiest person in South Africa and the fourth richest in Africa on the Forbes Africa’s Rich List for 2021.

5. Mike Adenuga

Net Worth: $6.3 Billion
Country: Nigeria
Source of Wealth: telecom, oil, Self Made
Age: 67

The Top Richest People in Africa 2021

Mike Adenuga, GCON (Grand Commander of the Order of the Niger) is second richest person in Nigeria, and the fifth richest person in Africa. His company Globacom is Nigeria’s third largest telecom operator with over 40 million subscribers, with presence in Ghana and Benin.

Mike Adenuga also owns stakes in the oil exploration firm Conoil which operates 6 oil blocks in the Niger Delta.

Forbes has estimated his net worth at $6.3 billion as at January 2021.

6. Abdulsamad Rabiu

Net Worth: $5.5 Billion
Country: Nigeria
Source of Wealth: cement, sugar
Age: 59

Abdulsamad Rabiu is the third Richest Person in Nigeria 2021

Abdul Samad is the third richest billionaire in Nigeria and the sixth richest person in Africa. He is the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing a revenue in excess of $2.5 billion. He is also the chairman of the Nigerian Bank of Industry (BOI).

His group BUA International Limited was established in 1988 for the sole purpose of commodity trading. The company deals on rice, edible oil, flour, sugar refining, real estate, cement, and iron and steel.

The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it.

In January 2021, Forbes estimated his wealth at $5.5 billion.

7. Issad Rebrab

Net Worth: $4.8 Billion
Country: Algeria
Source of Wealth: food, Self Made
Age: 77

The Richest People in Africa 2021

Issad Rebrab is an Algerian billionaire businessman and the CEO of the Cevital industrial group, the largest private company in Algeria, active in steel, food, agribusiness and electronics.

His company Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year.

Cevital also owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company.

In 2019, he was sentenced to six months for tax, banking and customs offenses. Rebrab was released on January 1, 2020.

As at January 2021, Rebrab has an estimated net worth of US$4.8 billion.

8. Naguib Sawiris

Net Worth: $3.2 Billion
Country: Egypt
Source of Wealth: Telecom
Age: 66

Africa's Richest 2021: The Richest People in Africa, their Age, Business and Networth

Naguib Onsi Sawiris is an Egyptian billionaire businessman and the eighth richest man in Africa. He is the chairman of Weather Investments’s parent company, and Orascom Telecom Media and Technology Holding S.A.E which has stakes in a major asset manager in Egypt and an Italian internet company, among others.

He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction.

He is also the chairman of La Mancha Resources Inc the company has stakes in Evolution Mining, Endeavour Mining and Golden Star Resources, which operate gold mines in Africa and Australia. The Company also holds interest in properties located in Africa, Western Australia, and South America.

Sawiris also owns a luxury resort called Silversands in Grenada.

In January 2021, Forbes estimated his wealth at $3.2 billion.

9. Patrice Motsepe

Net Worth: $3 Billion
Country: South Africa
Source of Wealth: mining, Self Made
Age: 58

Africa's Richest 2021: The Richest People in Africa, their Age, Business and Networth

Patrice Motsepe is a South African mining billionaire businessman of Tswana descent. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum.

Patrice Motsepe sits on several company boards, including being the non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company, and the deputy chairman of Sanlam.

Motsepe is the owner of Mamelodi Sundowns F.C. a Premier league soccer club. Motsepe also has a 37% stake in the Blue Bulls Co., South Africa’s best performing rugby team.

Patrice Motsepe was estimated to be worth $3 billion as of January 2021, and was ranked as the youngest billionaire in South Africa and the ninth richest in Africa on the Forbes Rich List for 2021.

10. Koos Bekker

Net Worth: $2.8 Billion
Country: South Africa
Source of Wealth: media, investments, Self Made
Age: 68

Africa's Richest 2021: The Richest People in Africa, their Age, Business and Networth

Jacobus Petrus “Koos” Bekker is a South African billionaire businessman, and the chairman of 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.

Forbes “Africa’s Rich List 2021” ranked Bekker as the 1008th wealthiest person in the world, and the third wealthiest South African in 2021, with a fortune of US$2.8 billion.

11. Mohamed Mansour

Net Worth: $2.5 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 73

Mohamed is The second Richest Man in Egypt 2021

Mohamed Mansour is an Egyptian billionaire businessman and former politician.

He was born into one of the most prominent business families in Alexandria. The family business, Mansour Group, controls nine of Egypt’s top Fortune 500 companies.

Mohamed Mansour is currently the chairman of Mansour Group, a US$6 billion conglomerate – that is the second largest company in Egypt by revenue.

In January 2021, Forbes estimated his wealth at $2.5 billion.

12. Aziz Akhannouch

Net Worth: $2 Billion
Country: Morocco
Source of Wealth: petroleum, diversified
Age: 60

The Richest People in Africa, their Age, Business and Networth

Aziz Akhannouch is a Moroccan businessman and current Minister of Agriculture since 2007.

He is the CEO of Akwa Group, a Moroccan conglomerate that has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. He is also the president of a royalist political party.

Forbes estimates his net worth at $2 billion as of January 2021.

13. Mohammed Dewji

Net Worth: $1.6 Billion
Country: Tanzania
Source of Wealth: diversified
Age: 45

Youngest Billionaire in Africa 2020

Mohammed Dewji is a Tanzanian billionaire businessman and former politician. He is the owner of MeTL Group, a Tanzanian conglomerate founded by his father in the 1970s.

His company ‘MeTL Group’ has investments in manufacturing, agriculture, trading, finance, mobile telephony, insurance, real estate, transport and logistics, and food and beverages. The group conducts business in 11 countries and employs over 28,000 people.

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As at January 2021, Dewji has an estimated net worth of US $1.6 billion, therefore positioning him as Tanzania’s only billionaire, the 13th richest person in Africa and the youngest billionaire in Africa.

14. Youssef Mansour

Net Worth: $1.5 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 75

The Richest men in Africa, their Age, Business and Networth

Youssef Mansour is an Egyptian billionaire businessman and part owner of the Mansour Group. There he oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for L’Oreal in Egypt.

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Forbes “Africa Rich List 2021” ranked Youssef Mansour as the 1135th wealthiest person in the world, and the 14th wealthiest person in Africa, with a fortune of US$1.5 billion.

15. Othman Benjelloun

Net Worth: $1.3 Billion
Country: Morocco
Source of Wealth: banking, insurance
Age: 88

Africa's Richest 2020: The Richest People in Africa, their Age, Business and Networth

Othman Benjelloun is a Moroccan billionaire businessman and the oldest billionaire in Africa. He is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. He also has a stake in the Moroccan arm of French telecom firm ‘Orange’.

Othman Benjelloun also co-owns Ranch Adarouch, one of the biggest cattle breeders in Africa.

As at January 2021, Othman Benjelloun has an estimated net worth of US $1.3 billion making him the 15th richest person in Africa.

16. Michiel Le Roux

Net Worth: $1.2 Billion
Country: South Africa
Source of Wealth: banking, Self Made
Age: 71

Africa's Richest 2021: The Richest People in Africa and their Net Worth

Michiel Le Roux is a South African billionaire and founder of ‘Capitec Bank’ the largest retail bank in South Africa. He founded Capitec Bank in 2001 and owns about an 11% stake.

Forbes “Africa’s Rich List 2021” ranked Michiel Le Roux as the 5th wealthiest person in  South Africa, and the 16th wealthiest person in Africa for 2021, with a fortune of US$1.2 billion.

17. Strive Masiyiwa

Net Worth: $1.2 Billion
Country: Zimbabwe
Source of Wealth: telecom, Self Made
Age:
59

top 20 richest people in Africa 2021

Strive Masiyiwa is a London-based Zimbabwean billionaire businessman, and philanthropist. He is the founder and executive chairman of the telecommunications, media and technology company Econet Wireless.

He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group.

Masiyiwa also owns over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa.

His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa.

As at January 2021, Strive Masiyiwa has an estimated net worth of US $1.2 billion.

18. Yasseen Mansour

Net Worth: $1.1 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 59

Africa's Richest 2020: The Richest People in Africa

Yasseen Mansour is an Egyptian billionaire businessman, and a shareholder in his family-owned conglomerate Mansour Group, which was founded by his father Loutfy in 1952.

He is also chairman of Palm Hills Developments, a Mansour Group company, and one of Egypt’s largest real estate developers.

Forbes “Africa’s Rich List 2021” ranked Yasseen as the 18th wealthiest person in Africa for 2021, with a fortune of US1.1 billion.


Top 20 Richest People in Africa 2021

Rank Name Country Net Worth
1 Aliko Dangote Nigeria $12.1 Billion
2 Nassef Sawiris Egypt $8.5 Billion
3 Nicky Oppenheimer South Africa $8 Billion
4 Johann Rupert South Africa $7.2 Billion
5 Mike Adenuga Nigeria $6.3 Billion
6 Abdulsamad Rabiu Nigeria $5.5 Billion
7 Issad Rebrab Algeria $4.8 Billion
8 Naguib Sawiris Egypt $3.2 Billion
9 Patrice Motsepe South Africa $3 Billion
10 Koos Bekker South Africa $2.8 Billion
11 Mohamed Mansour Egypt $2.5 Billion
12 Aziz Akhannouch Morocco $2 Billion
13 Mohammed Dewji Tanzania $1.6 Billion
14 Youssef Mansour Egypt $1.5 Billion
15 Othman Benjelloun Morocco $1.3 Billion
16 Michiel Le Roux South Africa $1.2 Billion
17 Strive Masiyiwa Zimbabwe $1.2 Billion
18  Yasseen Mansour Egypt $1.1 Billion

And here are the richest Black people in the world

Black Billionaires: Top 15 Richest Black People in the World (2021)

The Black billionaires below are individuals of African ancestry with a net worth of at least US$1 billion.

1. Aliko Dangote, $11.9 billion (Nigeria)

Dangote is the Richest black Person in the world

According to Forbes list of the World’s Billionaires, Aliko Dangote is not only Africa’s richest man, he’s also the richest black person in the world.

Dangote is the richest black man in the world

He built his fortune trading in cement, sugar and flour but subsequently ventured into manufacturing these commodities.

2. Mike Adenuga, $6.3 billion (Nigeria)

The Top Richest People in Africa 2020

The ‘Guru’ as he is referred to in Nigerian business and social circles built his fortune on oil, telecoms, real estate and banking. His mobile telecom company, Globacom, is the second largest operator after MTN in Nigeria with more than 30 million subscribers today.

His Conoil is one of the largest indigenous oil exploration and producing companies in Nigeria today. Adenuga is also the largest individual owner of property in Nigeria and Ghana, and he owns a significant stake in construction giant, Julius Berger.

He is the second richest black person in the world.

3. Robert Smith, $5.2 billion (United States)

Richest black Billionaires 2021

The former Goldman Sachs executive started an Austin, Texas-based private equity and venture capital firm Vista Equity Partners in 2000. The firm now has over $30 billion in assets under management, and is one of the world’s most successful hedge funds. In 2016 he pledged $50 million to Cornell University, his alma mater.

He is number three on the list of richest black billionaires.

4. Abdulsamad Rabiu, $5.3 billion (Nigeria)

Abdulsamad Rabiu is the third Richest Person in Nigeria 2020

With a net worth of $5.3 billion, Rabiu ranks at No. 778. The 60 year old business mogul owns BUA Group, a cement, sugar, and real estate conglomerate.

5. David Steward, $3.7 billion (United States)

Richest black Billionaires 2021

As co-founder and chairman of World Wide Technology, Steward’s rise to the top wasn’t a smooth path. Forbes says he once watched as his car was repossessed from his office’s parking lot. Now, Steward lands at No. 538 on the Forbes’ list with a net worth of $3.5 billion.

Steward is co-founder and chairman of World Wide Technology, an $11.2 billion (sales) IT provider whose customers include Citi, Verizon and the federal government. In the early days, Steward sometimes went without a paycheck and once watched his car get repossessed from the office parking lot.

6. Patrice Motsepe, $3.0 billion (South Africa)

Black Billionaires 2021: The Richest Black People in the world

Patrice Motsepe is the founder and CEO of African Rainbow Minerals, a listed mining company that owns ferrous and base metals, platinum and coal operations in South Africa.

He is also the founder of African Rainbow Capital, an investment firm that acquires stakes in financial services companies. He owns the Mamelodi Sundowns Soccer club.

He is currently the richest black man in South Africa and the only black south African on forbes list of richest black billionaires.

7. Oprah Winfrey, $2.6 billion (United States)

Richest black woman in the world 2021

Oprah, once the queen of daytime TV, Oprah is still the richest black woman in the world. And the seventh richest black person in the world.

8. Isabel Dos Santos, $1.7 billion (Angola)

Richest Black People in the world 2021

Isabel is the richest woman in Africa and the richest black female billionaire who resides in Africa: Her father was President and she used to be the Chairperson of Sonangol, the state-owned oil company until November last year, when Angola’s new President João Lourenço removed her from the role.

Isabel dos Santos owns a lucrative stake in Unitel, the country’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.

She is also a controlling shareholder of Portuguese cable TV and telecom firm Nos SGPS (formerly called Zon).

9. Michael Jordan, $1.6 billion (United States)

Black Billionaires in the world

At No. 9 with a net worth of $1.6 billion, the former NBA legend has built a multi-billion dollar empire. Forbes reports that the six-time NBA champion amassed $1.7 billion (before taxes) of his net worth from corporate partnerships.

10. Mohammed Dewji, $1.6 billion (Tanzania)

Black Billionaire in 2021

Mohammed Dewji is a Tanzanian billionaire businessman and former politician. He is the owner of MeTL Group, a Tanzanian conglomerate founded by his father in the 1970s.

His company ‘MeTL Group’ has investments in manufacturing, agriculture, trading, finance, mobile telephony, insurance, real estate, transport and logistics, and food and beverages. The group conducts business in 11 countries and employs over 28,000 people.

As of January 2021, Dewji has an estimated net worth of US $1.6 billion, therefore positioning him as Tanzania’s only billionaire, the 10th richest black billionaire in the world, the 16th richest person in Africa and the youngest billionaire in Africa.

11. Kanye West, $1.3 billion (United States)

Richest black people in the world 2021

Kanye west gets an annual royalty from Adidas, which makes Yeezy shoes. The Yeezy brand pulled in an estimated $1.3 billion in sales in 2019.

12. Strive Masiyiwa, $1.2 billion (Zimbabwe)

top 20 richest black people in the world 2021
Telecom tycoon Strive Masiyiwa is Zimbabwe’s first billionaire.

Strive Masiyiwa is a London-based Zimbabwean billionaire businessman, and philanthropist. He is the founder and executive chairman of the telecommunications, media and technology company Econet Wireless.

He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group.

Masiyiwa also owns over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa.

His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa.

As of January 2021, Strive Masiyiwa has an estimated net worth of US $1.2 billion.

13. Folorunso Alakija, $1 billion (Nigeria)

Africa's Richest People in 2021:

Folorunso Alakija is a Nigerian billionaire businesswoman and the only Nigerian woman in Forbes rich list.

Folorunsho is the vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. She’s also the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited, and Digital Reality Prints Limited.

She also has a majority stake in DaySpring Property Development company.

As of January 2021, Alakija is the 13th Richest black billionaire in the world. She’s also second richest woman in Africa after Isabel Dos Santos and the 20th richest person in Africa.

14. Shawn Corey Carter (Jay Z), $1 billion (United States)

Black Billionaires

Shawn Corey Carter, known professionally as Jay-Z, is an American rapper, songwriter, record executive, businessman, media proprietor, and record producer. He is widely regarded as one of the most influential hip-hop artists in history, and often cited as one of the greatest rappers of all time.

In 2019, Jay Z became hip-hop’s first billionaire thanks to an empire that includes liquor, art, real estate and stakes in companies like Uber.

15. Tyler Perry, $1 billion (United States)

Black Billionaires

A director, actor, producer and writer, Tyler Perry is best known for his “Madea” franchise, which has grossed more than $660 million.
Perry’s wealth comes both from his cut as a producer and from a library dating back to the early 1990s: he owns 100% of the content he’s created.



uzoclinton92@gmail.com'
Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.
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