A look at Africa’s billionaires that make it to the list of top ten richest people in Africa according to Forbes. We take a deep dive into their personal lives and the investments that they own. Without wasting any more time, here are Africa’s top 10 richest people of 2021.
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The top 10 richest people in Africa.
Aliko Dangote.
Aliko Dangote (born 10th April 1957) is a Nigerian billionaire business magnate and philanthropist. He has a net worth of $12.1 billion making him the wealthiest person and the world’s richest black person. He is the founder of the Dangote group.
The Dangote Group is a Nigerian multinational industrial conglomerate and the largest in West Africa. The company produces a wide range of products like cement, sugar salt, flour, steel, oil and gas. It has a revenue of $4.1 billion annually.
Dangote is the founder and chairman of Dangote cement the continent’s largest cement producer.
Nassef Sawiris.
Nassef Onsi Sawiris (born in 1961) is an Egyptian billionaire and businessman. His net worth is estimated to be $8.5 billion making him the second richest person in Africa. He is the CEO of Orascom Construction Industries and Executive Chairman of football club Aston Villa.
Orascom Construction Industries is an engineering, procurement and construction contractor based in Egypt. The company was Egypt’s first multinational corporation and has revenue of $4.03 billion.
Sawiris most valuable asset is a 5.7% stake in shoemaker Adidas worth a bit more than $4 billion.
Nicky Oppenheimer.
Nicholas F. Oppenheimer (born 8 June 1945) heir to his family’s fortune, is a South African billionaire businessman. He was formerly the chairman of De Beers the largest diamond mining company in the world and of its subsidiary, the Diamond Trading Company, and former deputy chairman of Anglo American. He is the third richest man in Africa with a net worth of $8 billion.
Johann Rupert.
Johann Rupert (born 1st June 1950) is a South African born entrepreneur. He is the chairman of the Swiss-based luxury goods company Richemont and the South African based company Remgro. He has an estimated net worth of $7.2 billion making him the fourth richest person in Africa.
Richemont is a Switzerland based luxury goods holding company founded in 1988 by Johann Rupert. Richemont produces and sells jewellery, watches, leather goods, pens, firearms, clothing and accessories. Its estimated revenue in 2020 was €14.238 billion.
Mike Adenuga.
Michael Adenyi Adenuga (born April 29th 1953) is a self-made Nigerian billionaire and business man. He is the fifth richest person in Africa. His telecom company, Globacom is the second-largest telecom operator in Nigeria with outlets in Ghana and Benin.
Adenua got an MBA at Pace university in New York supporting himself as a student by working as a taxi driver.
Globacom Limited commonly known as glo is a Nigerian multinational telecommunications company founded on 29th August 2003 with annual revenue of $1.86 billion. GLO has over 55 million subscribers making it the second-largest network in Nigeria. In 2011, it became the first telecom company to build an $800 million high-capacity fibre-optic cable, a submarine cable from the UK to Nigeria.
Abdul Samad Rabiu.
Abdul Samad Rabiu (born 4th August) is a Nigerian billionaire businessman and philanthropist. He is founder of the BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture that generates revenue of $2.5 billion. He is also the chairman of the Nigerian Bank of Industry. He has an estimated net worth of $5.5 billion.
Isaad Rebrab.
Isaad Rebrab (born 1944) is an Algerian businessman and CEO of the Cevital industrial group which is the largest private company in Algeria. His net worth is $3.2 billion making him Africa’s 7th richest person.
Cevital is the largest private conglomerate in Algeria with a range of products like steel, food, agribusiness and electronics and owns one of the biggest sugar refineries in the world. The company has its headquarters in Algeria and generated revenue worth $3260 million in 2013.
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Naguib Sawiris.
Naguib Onsi Sawiris (born 15th June 1954) is an Egyptian billionaire and businessman. He is the 8th richest man in Africa with a net worth of $3.2 billion. He is the chairman and CEO of Orascom Telecom Holding.
Orascom Telecom Holding now known as Global Telecom Holding is an international telecommunications company based in Amsterdam that is operating mobile networks in several nations. It is operating a mobile network in Algeria serving more than 15 million subscribers.
Patrice Motsepe.
Patrice Thlopane Motsepe (born 28th January) is a South African mining billionaire and businessman. he is the founder and Executive of African Rainbow Minerals which has products like gold, ferrous metals, base metals and platinum. He has a net worth of $3 billion making him Africa’s 9th richest person.
He sits on several company boards including being the non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company.
Koos Bekker.
Jacobus Petrus “Koos” Bekker (born 14thDec. 1952) is a South African billionaire and businessman. He has a net worth of $2.8 billion and is the chairman of media group Naspers. He also founded MultiChoice.
Naspers Limited is a multinational consumer internet company with its head-quarters in South Africa. Its principal operations include online classified advertising, fintech, payments and delivery. The company’s revenue as of 2020 was $2.1 billion.
Koos Bekker also led the founding team of MultiChoice company in 1985 and was also a founder of the cellular telephony, MTN.
However, investment in technology still remains very low among Africa’s wealthiest. On the list of top ten richest people in Africa, only 3 billionaires have generated their wealth through tech investments. Mike Adenuga who owns Globacom commonly known as glo, Naguib Sawiris who is the CEO of Orascom Telecom Holding and South Africa’s Koos Bekker who is chairman of Naspers Limited.
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