The 13 Richest People in Africa as of 2021
The 13 richest people in Africa have made their fortunes by investing in industries like diamonds, oil, and retail. In total, Africa’s Billionaires have a combined net worth of just over $77 billion. As of 2021, here are the 13 richest people in Africa.
13. Isabel dos Santos.
With a net worth estimated at $1.7 billion.
Starting up our list is the richest woman in Africa. Isabel dos Santos, born 20 April 1973, is an Angolan businesswoman, the eldest child of Angola’s former President, José Eduardo dos Santos, who ruled the country from 1979 to 2017.
Considered to be Africa’s richest woman according to Forbes, dos Santos acquired her wealth by taking stakes in companies doing business in Angola, suggesting that her wealth came almost entirely from her family’s power and connections.
As reported by BBC, dos Santos has been accused of corruption by Angolan authorities, and is currently facing a criminal investigation. She has fled to Europe in the meantime and has denied all accusations.
12. Aziz Akhannouch.
With a net worth estimated at $2 billion.
Aziz is a Moroccan businessman and the current Minister of Agriculture since 2007. He is the CEO of Akwa Group, a Moroccan conglomerate particularly active in the oil and gas sector.
With a net worth estimated at $2 billion, Aziz is the 12 richest person in Africa. He inherited Akwa from his father. In 2020, Aziz was 21st on Forbes’s annual list of the world’s wealthiest Arabs.
A renowned businessman and politician, from 2003 to 2007, Aziz was the president of the Souss-Massa-Drâa regional council and was a member of the National Rally of Independents Party. He was also appointed by King Mohammed VI as interim Minister of Finance.
11. Mohamed Mansour.
With a net worth estimated at $2.5 billion.
Mohamed Mansour, born 1948, is an Egyptian billionaire businessman and former politician. He is the chairman of the Mansour Group, a $6 billion conglomerate that is the second largest company in Egypt by revenue.
In 2021, Forbes estimated his wealth at $2.5 billion. Mohamed Mansour was born into one of the most prominent business families in Alexandria. The family business controls nine of Egypt’s top Fortune 500 companies.
With his two brothers, Mansour maintained an active role in the family business, building close ties as distributors for the US. Some of his other interests include Metro, the largest Egyptian supermarket chain, and the McDonald’s franchises in Egypt.
10. Koos Bekker.
With a net worth estimated at $2.9 billion.
Koos Bekker, born 14 December 1952, is a South African billionaire businessman and the chairman of the media group Naspers. Koos Bekker was born in Potchefstroom South Africa in 1952. He holds an MBA from Columbia University New York, and an honorary Doctorate in Commerce from Stellenbosch University.
As reported by Forbes, Naspers is one of the world’s largest technology investors. The company operates in 130 countries and is listed on the London and Johannesburg Stock Exchange.
As of 2021, Bekker is the 10th richest person in Africa. Forbes list of The World’s Billionaires ranked Bekker as the 1002nd wealthiest person in the world, and the third wealthiest South African, with a fortune of $2.9 billion.
9. Patrice Motsepe.
With a net worth estimated at $3 billion.
Patrice was born on 28 January 1962. He is a South African mining billionaire businessman of Tswana descent. He is the founder and executive chairman of the African Rainbow Minerals, which has interests in gold, metals, and platinum.
Patrice Motsepe is the 9th richest person in Africa. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company.
Back in 2012, Motsepe was South Africa’s richest man, with an estimated fortune of $1 billion. In 1994, he became the first black partner in the law firm Bowman Gilfillan, the same year that Nelson Mandela was elected as the country’s first black president.
8. Issad Rebrab.
With a net worth of $4.8 billion.
Issad Rebrab, born 1944, is an Algerian billionaire businessman, and the CEO of the Cevital industrial group, the largest private company in Algeria, active in steel, food, agri-business, and electronics.
Listed as the 8th richest person in Africa, Issad Rebrab’s industrial career started in 1971, when one of his clients proposed he take shares in a metallurgical construction company. After that, he created other companies in the steel industry. He also owns one of the biggest groups in agricultural business.
The company owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. The company also owns a home appliance company, a steel mill company, and a water purification enterprise.
7. Abdulsamad Rabiu.
With a net worth estimated at $5.4 billion.
Abdul Samad Isyaku Rabiu, born 4 August 1960 in Kano Nigeria, 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.
Abdul Samad is the 7th richest person in Africa. He is the founder and chairman of the BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure, and agriculture. The company is best known for producing cement and sugar.
The BUA Group produces revenue in excess of $2.5 billion. He is also the chairman of the Nigerian Bank of Industry. As of 2021, Abdul Samad’s wealth is estimated at $5.4 billion, putting him at the 716th spot in the global billionaire’s club.
6. Naguib Sawiris.
With a net worth of $5.4 billion.
Naguib Sawiris, born 15 June 1954, is an Egyptian billionaire businessman. Sawiris is the chairman of Weather Investments’s parent company, and the chairman and CEO of Orascom. Naguib Sawiris is the eldest of three brothers. His brothers are Nassef and Samih Sawiris.
He is the son of Onsi Sawiris, who established the Orascom Group. Since joining the family business in 1979, Sawiris has contributed to the growth and diversification of the company.
Orascom Telecom Holding is one of Egypt’s largest and most diversified conglomerates, and is the country’s largest private sector employer. Sawiris built the railway, information technology, and telecommunications sectors of Orascom. As of 2021, he has a net worth estimated at $5.4 billion, making him Africa’s 6th richest man.
5. Mike Adenuga.
with a net worth of $6.3 billion.
Chief Michael Adenuga, born 29 April 1953, is a Nigerian billionaire businessman, and the fifth richest person in Africa. His company, Globacom, is Nigeria’s second-largest telecom operator, which has a presence in Ghana and Benin.
He also owns stakes in the Equatorial Trust Bank, and the oil exploration firm Conoil. Forbes estimated his net worth at $5.7 billion as of July 2020. Adenuga made his first million in 1979, at the age of 26, selling lace and distributing soft drinks.
Today, he is one of the richest people on the continent. Mike Adenuga was also named African Entrepreneur of The Year, at the first African Telecoms Awards in August 2007.
4. Nassef Sawiris.
With a net worth estimated at $6.5 billion.
Nassef Sawiris, born in 1961, is an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons. As of April 2021, his net worth was estimated to be $6.5 billion and is the fourth richest African according to Forbes.
Since 1982, Nassef Sawiris has held senior positions with several organizations. He joined the Orascom group in 1982 and oversaw the construction activities of Orascom Construction, following the transfer of management control from his father in 1995.
He became CEO of Orascom Construction Industries following the company’s incorporation in 1998. Nassef Sawiris was also on the board of directors of the Cairo and Alexandria Stock Exchanges from 2004 to 2007. According to Bloomberg, he also owns a 6% stake in Adidas.
3. Nicky Oppenheimer.
With a net worth estimated at $7.4 billion.
Nicholas Oppenheimer was born on 8 June 1945, He is a South African billionaire businessman and formerly the chairman of De Beers diamond mining company and its subsidiary, the Diamond Trading Company.
As of 2021, Nicky Oppenheimer is the third richest man in Africa. Oppenheimer is the son of Bridget and Harry Oppenheimer, and the grandson of Anglo American founder, Ernest Oppenheimer. Nicky joined Anglo American in 1968 and was appointed a director in 1974.
Oppenheimer was ranked as the richest person in South Africa in 2019 and 2020, with a fortune reported as US$7.3 billion. As of 2021, he has a net worth estimated at $7.4 billion, making him the 3rd richest person in Africa.
2. Johann Rupert.
With a net worth of $8.1 billion.
Johann Peter Rupert, born 1 June 1950, is a South African-born entrepreneur, who is the eldest son of business tycoon Anton Rupert. He is the chairman of the Swiss-based luxury-goods company, Richemont, and the South Africa based company, Remgro.
Together with his family, he is estimated to be worth $8.1 billion, and was ranked as the wealthiest person in South Africa. Rupert served his business apprenticeship in New York City, where he worked for five years.
He then returned to South Africa in 1979 and founded Rand Merchant Bank, of which he was the CEO. As of 2021, Rupert is the heir and chairman of Richemont, the largest luxury watchmaker in the world. The company is best known for owning the Cartier brand.
1. Aliko Dangote.
With a jaw dropping net worth estimated at $17.8 billion.
Aliko Dangote, born 10 April 1957, is a Nigerian billionaire business magnate and philanthropist. He is the wealthiest person in Africa, and the richest Black person in the world. Aliko Dangote is an ethnic Hausa from Kano State in Nigeria.
He was born into a wealthy Muslim family and is the great-grandson of Alhaji Dantata, the richest West African at the time of his death in 1955. The Dangote Group was established as a small trading firm in 1977, the same year Dangote relocated to Lagos to expand the company.
Today, the Dangote Group is a multi billion dollar conglomerate with many of its operations in Benin, Togo, and Nigeria. Aside from cement, the company also produces products such as sugar, salt, and oil.
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