Top 18 Africa Richest Men/Billionaires, Their Networth and their Position in Africa Richest

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18. Yasseen Mansour


Net worth: $1.1 billion
Source of Wealth: Diversified
Industry: Numerous
Age: 59
Country: Egypt
Residence: Cairo
Institution Attended: George Washington University
Yasseen Mansour is a shareholder in a family-owned Corporate Business Mansour Group, which was founded by his father Loutfy in 1952.
Mansour Group is the Main distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries.
His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. He is also the chairman of Palm Hills Developments, one of Egypt’s biggest real estate developers.

17. Strive Masiyiwa


Net worth: $1.2 billion
Source of Wealth: Telecom
Industry: Telecom
Age: 59
Country: Zimbabwe
Residence: London
Institution Attended: University of Wales, Bachelor of Engineering
Strive Masiyiwa overcame long-lasting government opposition to establish mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998.
He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his large Econet Group.
Masiyiwa also owns over half of a private company Liquid Telecom, which provides fiber optic and satellite services to telecom companies across Africa.
His other assets include shares in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa.
He and his wife Tsitsi founded a charity organization the Higherlife Foundation, which gives support to orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho.
After studying at university in Britain, Masiyiwa worked at ZPTC, Zimbabwe’s phone company, He then left ZPTC to start an engineering services company, then sold it out and proceeded to establish Econet Wireless. Zimbabwe, but had to war against the government in court for years before he could establish Econet Wireless.

16. Michiel Le Roux


Net worth: $1.2 billion
Source of wealth: Banking
Industry: Finance and investments
Age: 71
Country: South Africa
Residence: Stellenbosch

Institution Attended: University of Stellenbosch

Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about 11% stake.

The bank, which trades on the Johannesburg Stock Exchange, targets South Africa’s rising working class.
He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member.
Le Roux formerly ran Boland Bank, a small regional bank in Cape Town’s hinterland.

15. Othman Benjelloun & family


Net worth: $1.3 billion
Source of Wealth: Banking, insurance
Industry: Finance and investments
Age: 88
Institution Attended: Ecole Polytechnique de Lausanne, Diploma
Othman Benjelloun is Chief Executive Owner (CEO) of BMCE Bank of Africa, which has branches across more than 20 African countries.
His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun led it into a leading insurer.
Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. He instituted in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat.
It will be one of the tallest buildings in Africa. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies.

14. Youssef Mansour

 


Net worth: $1.5 billion
Source of Wealth: Numerous
Industry: Numerous
Age: 75
Country: Egypt
Residence: Cairo
Institution Attended: Auburn University, Master of Business Administration; North Carolina State University, Bachelor of Science in Engineering

Youssef Mansour is the chairman of family-owned Corporate Business Mansour Group, which was founded by his father Loutfy in 1952.
Mansour Group is the key distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries.
He oversees the customer’s goods division, which includes supermarket chain Metro, and sole distribution rights for L’Oreal in Egypt. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group.

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His brother is our number 18 on the list.

13. Mohammed Dewji

 


Net worth: $1.6 billion
Source of Wealth: Diversified
Industry: Diversified
Age: 45
Country: Tanzania
Residence: Dar es Salaam
Mohammed Dewji is the Chief Executive Owner of MeTL, a Tanzanian Corporate Business founded by his father in the 1970s.
METL deals in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. METL runs its business in at least six African countries and has ambitions to expand to several more.

12. Aziz Akhannouch & family

 


Net worth: $2 billion
Source of Wealth: petroleum, diversified
Industry: Diversified
Age 60
Country: Morocco
Residence: Casablanca
Institution Attended: Universite de Sherbrooke, Master of Business Administration
Aziz Akhannouch is the major owner of Akwa Group, a multibillion-dollar Corporate Business founded by his father and a partner, Ahmed Wakrim, in 1932.
It deals in petroleum, gas and chemicals through publicly traded Afriquia Gaz and Maghreb Oxygene.
Akhannouch is Morocco’s Minister of Agriculture and Fisheries and the chairman of a royalist political party.

11. Mohamed Mansour


Net worth: $2.5 billion
Source of Wealth: Diversified
Industry: Numerous
Age: 72
Country: Egypt
Residence: Cairo
Institution Attended: Auburn University, Master of Business Administration
Mohamed Mansour oversees and chairs family Corporate Mansour Group, which was founded by his father Loutfy in 1952 and it has 60,000 employees.
Mansour established General Motors business in Egypt in 1975, later becoming one of GM’s highest distributors worldwide.
Mansour Group also has licensed distribution rights for Caterpillar equipment in Egypt and about seven other African countries.
He served as Egypt’s Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime.
His son Loutfy heads private equity arm Man Capital.

10. Koos Bekker


Networth: $2.8 billion
Source of Wealth: Media, investments
Industry: Media and entertainment
Age: 68
Country: South Africa
Residence: Cape Town
Institution Attended: Columbia Business School, Master of Business Administration; University of Witwatersrand, LLB
Koos Bekker is highy known for transforming South African newspaper publisher Naspers into an eCommerce investor & cable TV powerhouse.

He guided Naspers to invest in Chinese Internet and media firm Tencent in 2001 which is by far the most profitable of the bets he made on companies elsewhere.
In 2019, Naspers put some assets into two publicly-traded companies, the entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake.
It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but announced at the time it would not sell again for lengthy time of three years.
Koos Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015.

9. Patrice Motsepe

Net worth: $3 billion
Source of Wealth: Mining
Industry: Metals and mining
Age: 58
Country: South Africa
Residence: Johannesburg

Institutiion Attended: University of the Witwatersrand, Johannesburg, University of Eswatini – Kwaluseni Campus, St Marks High
Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 and also the first black African on the Forbes list.
In 2016, he established a new private equity company, African Rainbow Capital, which is focused on investing in Africa.
Motsepe also has a stake in Sanlam, a listed financial services firm, and is the Chairman and owner of the Mamelodi Sundowns Football Club.
In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a contracting business doing mine scut work.
In 1997, he bought low-producing gold mine shafts and later made them turn profitable.

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8. Naguib Sawiris

Net worth: $3.2 billion
Source of Wealth: Telecom
Industry: Telecom
Age: 66
Country: Egypt
Residence: Cairo
Institution Attended: Swiss Federal Polytechnical Institute, Master of Science; Swiss Federal Polytechnical Institute, Bachelor of Arts/Science.
Naguib Sawiris is a descendant of Egypt’s wealthiest family.
His brother Nassef is also a billionaire.
He made fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction.
He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others.
Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews.
He also established a high luxury resort called Silversands on the Caribbean island of Grenada.

7. Issad Rebrab & family


Net worth: $4.8 billion
Source of Wealth: Food
Industry: Food and beverage
Age: 77
Country: Algeria
Residence: Algiers
Issad Rebrab is the founder of Cevital, Algeria’s biggest privately-held company. Cevital owns one of the largest sugar refineries in the world,it has the capacity to produce 2 million tons a year.
Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company.
After serving eight months in jail on charges of corruption, Rebrab was released on January 1, 2020.

6. Abdulsamad Rabiu


Net worth: $5.5 billion
Source of Wealth: Cement, sugar
Industry: Numerous
Age: 60
Country: Nigeria
Residence: Lagos
Abdulsamad Rabiu is the founder of BUA Group, a Nigerian Corporate Business which deals in cement production, sugar refining and real estate.

In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled.
The combined firm, called BUA Cement Plc, trades on the Nigerian Stock Exchange; Rabiu owns 98.5% of it.

Rabiu, the son of a businessman, inherited land from his father.
He set up his own business in 1988 importing iron, steel and chemicals.

4. Mike Adenuga

Net worth: $6.3 billion
Source of Wealth: Telecom, oil
Industry: Diversified
Age: 67
Country: Nigeria
Residence: Lagos
Institution Attended: Pace University, Master of Business Administration
Mike Adenuga, Nigeria’s second richest man, made his fortune in telecom and oil production.
His mobile phone network, Globacom, is the third-largest operator in Nigeria, with over 55 million subscribers.
His oil exploration company, Conoil Producing, operates six oil blocks in the Niger Delta. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver.
He made his first million at age 26 selling lace and distributing soft drinks.

4. Johann Rupert & family

Net worth: $7.2 billion
Source of Wealth: Luxury goods
Industry: Fashion and Retail
Age: 70
Country: South Africa
Residence: Cape Town
Johann Rupert is the chairman of Swiss luxury goods firm Compagnie Financiere Richemont.
The company is best known for the brands Cartier and Montblanc.
It was founded in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s.
He owns a 7% stake in numerouus investment firm Remgro, which he is the chairman, as well as 25% of Reinet, an investment holding co. that is based in Luxembourg.
In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land.
He also founded part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother.

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3. Nicky Oppenheimer & family

Net worth: $8 billion
Source of Wealth: Diamonds
Industry: metal and mining
Age: 75
Country: South Africa
Residence: Johannesburg
Institution Attended: Oxford University Christ Church, Master of Arts/Science, Oxford.
Oppenheimer, the heir to his family’s fortune, sold his 40% stake in diamond firm De Beers to mining group Anglo American for $5.1 billion in cash in 2012.
He is the third generation of his family to run DeBeers, and took the company private in 2001.
For 85 years until 2012, the Oppenheimer family occupied a huge spot in the world’s diamond trade.

In 2014, Oppenheimer establised Fireblade Aviation in Johannesburg, which operates chartered flights with its fleets of three planes and two helicopters.
He owns at least 720 square miles of land across South Africa, Botswana and Zimbabwe.
He also owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa. Oppenheimer is a sports fan and plays squash, golf and cricket.

2. Nassef Sawiris


Net worth: $8.5 billion
Source of Wealth: Construction, chemicals
Industry: Construction and engineering
Age: 59
Country: Egypt
Residence: Cairo
Institution Attended: University of Chicago, Bachelor of Arts/Science
Nassef Sawiris is a descendant of Egypt’s wealthiest family.
Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction.
He runs OCI, one of the world’s biggest nitrogen fertilizer producers, with branch in Texas and Iowa; it trades on the Euronext Amsterdam exchange.
Orascom Construction, an engineering and building company, trades on the Cairo exchange and Nasdaq Dubai.
His assets include stakes in cement giant Lafarge Holcim and Adidas; he also supervises in the  board of Adidas.

1. Aliko Dangote

Net worth: $12.1 billion
Source of Wealth: Cement, sugar
Industry: Manufacturing
Age: 63
Country: Nigeria
Residence: Lagos
Institution Attended: Al-Azhar University, Bachelor of Arts/Science
Aliko Dangote, Africa’s richest person, founded and controls Dangote Cement, Africa’s largest cement producer.
He owns 85% of publicly traded Dangote Cement through a holding company.
Dangote Cement produces 45.6 million metric tons annually and has branches in 10 countries across Africa.
Dangote also owns stakes in publicly traded salt and sugar manufacturing companies.

Dangote also has a Refinery that have been undergoing construction since 2016 and is expected to be one of the world’s largest oil refineries once it is complete.

 

 

 

 

 

 

 

 

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