Top 10 Richest Men In Africa

Forbes, the most competent magazine in terms of finances and business, has recently published a list of all the richest men in Africa in 2017. This list is full of different people of different professions and from different fields, but one thing unites them – their net worth is more than $1 billion. Although a couple of people from the richest men in Africa 2016 list were missing, an overall number of billionaires is even higher – 25 vs 24.

So, who is the richest man in Africa? Let’s take a look at Forbes’ richest men in Africa list to find out.

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1. Aliko Dangote

Nigerian billionaire, chairman and CEO of Dangote Group, Aliko Dangote is on top of this top 10 richest men in Africa list, which makes him the richest man in Nigeria, the richest man in Africa and the richest man of African descent in the whole world. His main business interests are primary goods, especially salt, sugar, and cement. On the Forbes’ richest men list he ranks 67 in the world, with a net worth of over $13 billion.

2. Nicky Oppenheimer

Nicholas Oppenheimer is the next generation of South African billionaires that mostly gain their fortune from diamond mining. Although now his main activities include philanthropy and investments, Oppenheimer was a chairman of a biggest diamond mining company, De Beers, which assured his net worth of $7 billion and a firm place in this top ten richest men in Africa list.

3. Mike Adenuga

This telecom and real-estate tycoon is one of the richest people in Nigeria. Mike Adenuga’s net worth is $5.1 billion, which more than two times less than Dangote’s net worth. This African businessman started from the bottom and now he controls companies all over the continent.

4. Johann Rupert

The next place in the top 10 richest in Africa is again occupied by the South African businessman. But Johann Rupert has a completely different field of expertise – he sells luxurious goods. His most notable work includes such brands as Cartier (jewelry and watches) and Montblanc (pens, watches, cufflinks). Rupert’s total net worth is $7 billion.

5. Nassef Sawiris

Sawiris is the richest person in Egypt, which obviously makes him one of the richest people in Africa. He got his wealth from massive construction and chemical companies, most of which have departments all over the world, even in the USA. He also owns 7% of shares of Adidas, which definitely makes him a lot of money, making his total net worth $6.8 billion.

6. Christoffel Wiese

In the list of the richest men in Africa and their country of origin, South Africa definitely gets the most mentions. Christoffel Wiese is yet another South African billionaire, but, unlike his closest competitor Johann Rupert, he deals not in a luxurious good, but in everyday goods for low-income areas. According to Forbes’ Africa, his current net worth is $4.5 billion.

7. Nathan Kirsch

This billionaire from Swaziland started his business in an agriculture and food industry, later moving towards real estate, investment, and charity. His road to success was definitely not easy, but he managed to gather the capital of around $4.2 billion, which makes him one of the richest men in Africa.

8. Naguib Sawiris

Another businessman from Egypt, Naguib Sawiris has amassed his wealth thanks to his telecom companies. However, part of his money is now coming from the gold mining companies both in Africa and in Canada and Australia. He earned his place in the top 10 richest in Africa with his $3.9 billion fortune.

9. Isabel dos Santos

The richest African woman, Isabel is a daughter of the former president of Angola. Her most prominent source of income is investment – she owns parts of some major companies, including Unitel and Banco BIC. Her net worth is equal to $3.4 billion, which really shows dos Santos’ impressive business skill and intuition.

10. Issad Rebrab

Issad Rebrab occupies the last position in this list, but he is definitely is not the least important. The businessman is known as a founder of the biggest private conglomerate in Algeria, his home country. He started from being a lawyer and ended up being one of the most influential people in his country, with a net worth of $3.4 billion.

11. Honorable mentions

11.1. Folorunsho Alakija

Folorunsho Alakija is the richest woman in Nigeria and one of the two women-billionaires in Africa. She is a vice chair at Famfa Oil. Folorunsho Alakija net worth is around $1.5 billion.

11.2. Femi Otedola

Femi Otedola is one of the most influential businessmen in Nigeria. He controls one of the largest oil companies in the country, but, unfortunately, it experienced a massive drop in stocks value. Femi Otedola’s net worth plummeted from $1.8 billion to $550 million, which is why he is no longer on the Forbes’ list.

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