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Thursday, July 9, 2020

Top 20 Richest People in Africa 2020: Their Age, Business and Net Worth

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According to this year’s Forbes ranking, Aliko Dangote of Nigeria is Africa’s richest person (for the 9th year in a row). His networth is estimated at $10.1 billion.

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 billion.

Mike Adenuga ($7.7 billion), Nicky Oppenheimer ($7.7 billion) and Johann Rupert ($6.6 billion) completes the tip65 richest in Africa.

Of Africa’s 54 nations, only 8 countries have billionaires: Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two.

Algeria, Angola, Tanzania and Zimbabwe all had one billionaire each.

Altogether the continent’s billionaires are worth a combined $73.4 billion, up from $68.7 billion a year ago, mostly due to higher stock prices. Of these tycoons, eight saw their fortunes rise or fall by at least $700 million.

For the ninth year in a row, Aliko Dangote of Nigeria is the richest person in Africa, worth an estimated $10.1 billion.

The year’s biggest gainer is Nassef Sawiris, worth $8 billion—up from $6.3 billion last year. He moves up to number two richest for the first time.

There are only two women in the list belonging to one of just two women billionaires in Africa: Isabel dos Santos, the eldest daughter of Angola’s former president, Jose Eduardo dos Santos and Folorunsho Alakija.

The Top 5 Richest People in Africa 2020

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

1. Aliko Dangote

Net Worth: $10.1 Billion
Country: Nigeria
Source of Wealth: cement, sugar, flour, Self Made
Age: 62

Dangote is the Richest Person in Africa 2020

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 2020, he had an estimated net worth of US$ 10 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 136th-richest person in the world and the richest black man alive.

2. Nassef Sawiris

Net Worth: $8 Billion
Country: Egypt
Source of Wealth: construction, chemicals
Age: 59

Nassef Sawiris is the second Richest Person in Africa 2020

Nassef Onsi Sawiris is an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons. As of February 2020, his net worth was estimated to be $8 billion, and the second richest African in 2020, 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. Mike Adenuga

Net Worth: $7.7 Billion
Country: Nigeria
Source of Wealth: telecom, oil, Self Made
Age: 66

The Top Richest People in Africa 2020

Mike Adenuga, GCON (Grand Commander of the Order of the Niger) is a Nigerian billionaire businessman, and the third-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 Equitorial Trust Bank and the oil exploration firm Conoil which operates 6 oil blocks in the Niger Delta.

Forbes has estimated his net worth at $7.7 billion as of February 2020.

4. Nicky Oppenheimer

Net Worth: $7.7 Billion
Country: South Africa
Source of Wealth: Diamonds
Age: 74

Richest People in Africa 2020

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

5. Johann Rupert

Net Worth: $6.5 Billion
Country: South Africa
Source of Wealth: luxury goods
Age: 69

Johann Rupert is The second Richest man in South Africa 2020

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 $6.5 billion as of February 2020, and was ranked as the second wealthiest person in South Africa and the fifth richest in Africa on the Forbes Rich List for 2020.

6. Issad Rebrab

Net Worth: $4.4 Billion
Country: Algeria
Source of Wealth: food, Self Made
Age: 76

The Richest People in Africa 2020

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 of February 2020, Rebrab has an estimated net worth of US$4.4 billion.

7. Mohamed Mansour

Net Worth: $3.3 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 72

Mohamed is The second Richest Man in Egypt 2020

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 February 2020, Forbes estimated his wealth at $3.3 billion.

8. Abdulsamad Rabiu

Net Worth: $3.1 Billion
Country: Nigeria
Source of Wealth: cement, sugar
Age: 59

Abdulsamad Rabiu is the third Richest Person in Nigeria 2020

Abdul Samad 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 November 2019, Forbes estimated his wealth at $3.1 billion.

9. Naguib Sawiris

Net Worth: $3 Billion
Country: Egypt
Source of Wealth: Telecom
Age: 65

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

Naguib Onsi Sawiris is an Egyptian billionaire businessman and the ninth 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.

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In November 2019, Forbes estimated his wealth at $3 billion.

10. Patrice Motsepe

Net Worth: $2.6 Billion
Country: South Africa
Source of Wealth: mining, Self Made
Age: 58

Africa's Richest 2020: 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 $2.6 billion as of February 2020, and was ranked as the youngest billionaire in South Africa and the tenth richest in Africa on the Forbes Rich List for 2020.

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11. Koos Bekker

Net Worth: $2.5 Billion
Country: South Africa
Source of Wealth: media, investments, Self Made
Age: 67

Africa's Richest 2020: 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 “Rich List 2020” ranked Bekker as the 1008th wealthiest person in the world, and the fourth wealthiest South African for 2019, with a fortune of US$2.5 billion.

12. Yasseen Mansour

Net Worth: $2.3 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 58

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 “Rich List 2020” ranked Bekker as the 1511th wealthiest person in the world, and the 12th wealthiest person in Africa for 2020, with a fortune of US$2.3 billion.

13. Isabel dos Santos

Net Worth: $2.2 Billion
Country: Angola
Source of Wealth: investments
Age: 46

Africa's Richest People 2020

Isabel dos Santos is an Angolan businesswoman, and the eldest child of Angola’s former President José Eduardo dos Santos, who ruled the country from 1979 to 2017.
She’s Africa’s richest woman, Africa’s second youngest billionaire and the 1008th rich person in the world.

While Isabel’s father was president, he made her head of Sonangol, Angola’s state oil firm, in June 2016, she was removed from the office in November 2017 by Angola’s new president.

She also ended up with stakes in Angolan companies including banks and a telecom firm while her dad was president.

The Luanda Provincial Court on 30th December 2019 ordered the freezing of dos Santos’s Angolan bank accounts and the seizure of her stake in local companies, including Unitel and Banco de Fomento Angola for past corruption crimes that may have led to Angola’s ongoing recession crisis.

Forbes estimates her fortune has declined $100 million to an estimated $2.2 billion, but depending on the outcome of a pending legal case, she could fall much lower in the ranks.

14. Youssef Mansour

Net Worth: $1.9 Billion
Country: Egypt
Source of Wealth: diversified, Self Made
Age: 74

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.

Forbes “Rich List 2020” ranked Youssef Mansour as the 1818th wealthiest person in the world, and the 14th wealthiest person in Africa, with a fortune of US$1.9 billion.

15. Aziz Akhannouch

Net Worth: $1.7 Billion
Country: Morocco
Source of Wealth: petroleum, diversified
Age: 59

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 as $1.7 billion as of February 2020. Akhannouch inherited Akwa from his father.

16. Mohammed Dewji

Net Worth: $1.6 Billion
Country: Tanzania
Source of Wealth: diversified
Age: 44

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.

As February 2020, Dewji has an estimated net worth of US $1.6 billion, therefore positioning him as Tanzania’s only billionaire, the 16th richest person in Africa and the youngest billionaire in Africa.

17. Othman Benjelloun

Net Worth: $1.4 Billion
Country: Morocco
Source of Wealth: banking, insurance
Age: 87

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 February 2020, Othman Benjelloun has an estimated net worth of US $1.4 billion making him the 17th richest person in Africa.

18. Michiel Le Roux

Net Worth: $1.3 Billion
Country: South Africa
Source of Wealth: banking, Self Made
Age: 70

Africa's Richest 2020: 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 “Rich List 2020” ranked Michiel Le Roux as the 18th wealthiest person in Africa, and the 12th wealthiest person in Africa for 2020, with a fortune of US$1.3 billion.

19. Strive Masiyiwa

Net Worth: $1.1 Billion
Country: Zimbabwe
Source of Wealth: telecom, Self Made
Age:
59

top 20 richest people in Africa 2020

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 February 2020, Strive Masiyiwa has an estimated net worth of US $1.6 billion.

20. Folorunsho Alakija

Net Worth:$1 Billion
Country:
Nigeria
Source of Wealth:
oil, Self Made
Age:
69

Africa's Richest People in 2020:

Folorunso Alakija is a Nigerian billionaire businesswoman and the only Nigerian woman in Forbes rich list 2020.

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.

Alakija is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $1 billion. As of February 2020, she is listed as the second richest woman in Africa after Isabel Dos Santos and the 20th richest person in Africa.


Top 20 Richest People in Africa 2020

Rank Name Country Net Worth
1 Aliko Dangote Nigeria $10.1 Billion
2 Nassef Sawiris Egypt $8 Billion
3 Mike Adenuga Nigeria $7.7 Billion
4 Nicky Oppenheimer South Africa $7.7 Billion
5 Johann Rupert South Africa $6.6 Billion
6 Issad Rebrab Algeria $4.4 Billion
7 Mohamed Mansour Egypt $3.3 Billion
8 Abdulsamad Rabiu Nigeria $3.1 Billion
9 Naguib Sawiris Egypt $3 Billion
10 Patrice Motsepe South Africa $2.6 Billion
11 Koos Bekker South Africa $2.5 Billion
12 Yasseen Mansour Egypt $2.3 Billion
13 Isabel dos Santos Angola $2.2 Billion
14 Youssef Mansour Egypt $1.9 Billion
15 Aziz Akhannouch Morocco $1.7 Billion
16 Mohammed Dewji Tanzania $1.6 Billion
17 Othman Benjelloun Morocco $1.4 Billion
18 Michiel Le Roux South Africa $1.3 Billion
19 Strive Masiyiwa Zimbabwe $1.1 Billion
20 Folorunsho Alakija Nigeria $1 Billion



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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