Three Egyptian brothers are among the richest people in the continent Top on the list is Nigeria’s Aliko Dangote, with a networth of KSh 1.3 trillion.
Tanzanian Mohammed Dewji was the only East African on the list.
Nigeria’s Aliko Dangote tops the list of the wealthiest Africans for the tenth year in a row thanks to a 30% increase in the share price of his Dangote Cement Company. Egyptian Nassef Sawiris, who controls a 6% stake in sportswear, Adidas, emerged second, while Nicky Oppenheimer of South Africa was ranked third.
The wealth of the richest Africans was calculated using net-worths of stock prices and exchange rates. The estimates of profits by companies owned by the top richest was also a factor.
Full list of 18 richest people in Africa and their sources of income
- Aliko Dangote The Nigerian billionaire business magnate is the wealthiest person in Africa, with an estimated net worth of $ 12.1 billion ( KSh 1.3 trillion). His main source of income comes from cement and sugar sales. Dangote’s wealth rose by $ 2 billion in 2020 after a 30% increase in the share price of his cement company.
- Nassef Sawiris The Egyptian rakes in billions of shillings from construction and investments in diverse sectors. The 60-year-old is the youngest of Onsi Sawiris’ three sons. As of May 2021, his net worth was estimated to be $9.2 billion (KSh 1.002 trillion), an increase from $ 8.5 billion (KSh 925.8 billion) in January. In 2021, he was considered to be the richest Arab as well as the second richest African.
- Nicky Oppenheimer With a net worth of KSh 882 billion, Oppenheimer is the richest South African and third in the continent. He previously served as the chairman of De Beers diamond mining company and its Diamond Trading Company subsidiary. In 2012, however, he sold his family’s 40% stake to mining giant AngloAmerican for KSh 555.5 billion.
- Johann Rupert The 71-year-old South African is among the richest men in Africa. His source of income is mainly luxury goods. He serves as the chairman of the Swiss-based luxury goods company Richemont and the South Africa-based company Remgro. Rupert’s wealth is estimated at KSh 784.2 billion.
- Mike Adenuga The Nigerian billionaire owns Globacom, the West African country’s second-largest telecom operator, which has a presence in Ghana and Benin. His fortunes also originate from the multi-billion oil sector. His net worth is estimated at KSh 686.2 billion.
- Abdul Samad Rabiu Abdul Samad is a Nigerian billionaire businessman and philanthropist. His late father, Khalifah Isyaku Rabiu, was one of Nigeria’s foremost industrialists in the 1970s and 1980s. He earns money from cement and sugar sales. His net worth is estimated at KSh 600 billion.
- Issad Rebrab The Algerian billionaire businessman is the chief executive officer of the Cevital industrial group, the largest private company in Algeria, active in steel, food, agribusiness and electronics. His net worth is approximately KSh 523 billion.
- Naguib Sawiris Naguib is the elder brother of Nassef Sawiris. The 67-year-old is the chairman of Weather Investments’ parent company and chairman and CEO of Orascom Telecom Holding. As of April 2021, his net worth was valued at KSh 384.5 billion.
- Patrice Motsepe Motsepe is a South African mining billionaire businessman with a net worth of KSh 326.7 billion. He is the founder and executive chairman of African Rainbow Minerals, which deals in gold, ferrous metals, base metals, and platinum.
- Koos Bekker Bekker’s investments in the media industry in South Africa has propelled him to the top 10 richest Africans. He is the chairman of the media group Naspers and has a net worth of KSh 305 billion.
- Mohamed Mansour The Egyptian is the chairman of Mansour Group, a KSh 654 billion conglomerate that is the second-largest company in Egypt by revenue. The Mansour Group is the largest general motors dealer globally and the fifth-largest distributor of Caterpillar Inc. products globally. His wealth is valued at KSh 272.3 billion.
- Aziz Akhanouch The Moroccan businessman who currently heads the agriculture ministry has a net worth of KSh 218 billion. The 60-year-old is the CEO of Akwa Group, a Moroccan conglomerate active in the oil and gas sectors.
- Mohammed Dewji Dewji, 46, who hails from Tanzania, is ranked as the richest East African with a net worth of KSh 174 billion. His sources of income are diversified. He owns MeTL Group, a commodities trading business founded by his father.
- Youssef Mansour The Egyptian billionaire co-owns the Mansour Group. The father of five is estimated to be worth KSh 163 billion.
- Othman Benjellon The Moroccan banker billionaire is known for co-founding BMCE Bank and Bank of Africa. He serves as its chairman and chief executive officer. In 2021, his net worth was estimated at KSh 142 billion.
- Michiel Le Roux The South African is the founder of Capitec Bank, ranked in 2017 as the second-largest retail bank in South Africa, based on the number of customers.
- Strive Masiyiwa Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist. He is the founder and executive chairman of the international technology group Econet Global. He ties with Michiel with wealth valued at KSh 131 billion.
- Yasseen Mansour Yasseen is a member of the Mansour family, which owns the Mansour Group. He is also the chairman of Palm Hills Developments, one of Egypt’s largest real estate developers. His net worth is estimated at KSh 120 billion.