Despite the outbreak of the coronavirus, African Billionaires have increased their wealth beyond what they had eight years ago.
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Billionaires of this continent as a whole made $ 84.9 billion which is 15 percent more than their wealth 12 months ago and that is the largest number added since 2014 when there were 28 billionaires according to Forbes magazine.
Rising stock prices from Nigeria to Zimbabwe increased the wealth of these traders due to the increasing demand for cement to recreational products.
Forbes magazine used stock prices and currency exchange values ​​from January 19 2022 to measure their wealth.
All the billionaires were men with the last woman listed as Isabel Dos Santos of Angola who was removed from the list of rich people in January 2021.
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Top 18 richest people in Africa and their net worth
- Aliko Dangote – $13.9b
Aliko Dangote GCON is a Nigerian business magnate. He is the chairman and CEO of Dangote Group, an industrial conglomerate and the wealthiest person in Africa, with an estimated net worth of US$12.7 billion as of September 2021
2. Johann Rupert & family – $11b
Johann Peter Rupert is a South African-born entrepreneur, who is the eldest son of business tycoon Anton Rupert and his wife Huberte.
He is the chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro.
3. Nicky Oppenheimer & family – $8.7b
Nicholas F. Oppenheimer is a South African billionaire businessman. 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. He is the third richest man in Africa.
4. Nassef Sawiris – $8.6b
Nassef Onsi Sawiris is an Egyptian billionaire businessman and the youngest of Onsi Sawiris’ three sons. As of October 2021, his net worth was estimated at US$8.7 billion, making him the richest Arab and second richest African.
5. Abdulsamad Rabiu – $7B
Abdul Samad Isyaku Rabiu CON 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.
6. Mike Adenuga – $6.7b
Chief Michael Adeniyi Agbolade Ishola Adenuga Jr CSG GCON is a Nigerian billionaire businessman, and the third richest person in Africa. His company Globacom is Nigeria’s second-largest telecom operator, which has a presence in Ghana and Benin.
7. Issad Rebrab & family – $5.1b
Issad Rebrab, is an Algerian billionaire businessman, CEO of the Cevital industrial group, the largest private company in Algeria, active in steel, food, agribusiness, and electronics. In 2019, he was sentenced to six months for tax, banking, and customs offenses.
8. Naguib Sawiris – $3.4b
Naguib Onsi Sawiris is an Egyptian billionaire businessman. Sawiris is chairman of Weather Investments’s parent company and chairman and CEO of Orascom Telecom Holding.
9. Patrice Motsepe – $3.1b
Patrice Tlhopane Motsepe is a South African mining billionaire businessman. Since 12 March 2021, he has been serving as the President of the Confederation of African Football.
He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum.
10. Koos Bekker – $2.7b
Jacobus Petrus “Koos” Bekker is a South African billionaire businessman and the chairman of the media group Naspers.
The company operates in 130 countries and is listed on the London Stock Exchange and Johannesburg Stock Exchange.
11. Strive Masiyiwa – $2.7b
Strive Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist. He is the founder and executive chairman of the international technology group Econet Global.
Masiyiwa has provided scholarships to more than 250,000 young Africans over the past 20 years through his family foundation.
12. Mohamed Mansour – $2.5b
Mohamed Mansour is an Egyptian billionaire businessman and former politician. He is the chairman of Mansour Group, a US$6 billion conglomerate that is the second-largest company in Egypt by revenue. In November 2019, Forbes estimated his wealth at $2.3 billion.
13. Aziz Akhannouch & family – $2.2b
Aziz Akhannouch is a Moroccan politician, businessman, and billionaire who is currently the Prime Minister of Morocco since his government took office on 7 October 2021.
He is the CEO of Akwa Group and also served as Minister of Agriculture from 2007 to 2021.
14. Michiel Le Roux – $1.7b
Michiel Le Roux is a South African banker and billionaire. He founded the Capitec Bank in 2001 and worked as the CEO until 2004.
Thereafter, he became the Chairman of the Board from 2007 to 2016. And since then, has remained a board member owning about 11% of the bank’s stake.
15. Othman Benjelloun & family – $1.5b
Othman Benjelloun is a Moroccan-French banker billionaire businessman. He is known for co-founding of BMCE Bank and Bank of Africa. and serves as its chairman, chief executive officer, In 2021, his net worth was estimated by Forbes at US$1.3 billion.
16. Mohammed Dewji – $1.5b
Mohammed “Mo” Gulamabbas 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.
Dewji served as a Member of the Tanzanian Parliament for Chama Cha Mapinduzi from 2005 to 2015 for his hometown of Singida.
17. Youssef Mansour – $1.5b
Youssef Mansour is an Egyptian billionaire businessman and part-owner of the Mansour Group.
18. Yasseen Mansour – $1.1b
Yasseen Mansour is an Egyptian billionaire businessman, part-owner of the Mansour Group, and chairman of Palm Hills Developments, one of Egypt’s largest real estate developers.
