Do you want to know who the richest men in Africa are? If yes, then keep on reading!
The list of the top richest men can vary from one year to another, depending on their latest net worth and financial performance. In this article, we’ll be focusing on the top 10 richest men in Africa.
Africa is home to a lot of wealthy men who play significant roles in shaping the global economy, politics, and philanthropy – from entrepreneurs to those who’ve inherited their wealth. These billionaires have managed to top the entire list.
Keep on reading to learn about the top richest people in Africa and what got them to where they are today.e top richest people are and what got them there below.
10 Richest Man in Africa
- Aliko Dangote
- Johann Rupert
- Abdul Samad Rabiu
- Nassif Sawiris
- Mike Adenuga
- Naguib Sawiris
- Patrice Motsepe
- Mohamed Mansour
- Koos Bekker
- Strive Masiyiwa
Top 10 Richest Men in Africa
Aliko Dangote is a prominent figure in Nigeria and Africa, renowned for his extensive business empire which includes the Dangote Group. The group has interests in diverse areas such as cement manufacturing, sugar production, salt processing, and more.
According to Forbes, he is ranked as the richest man in Africa, with most of his wealth coming primarily from the Dangote Cement Company. Although his other businesses have also been successful, cement manufacturing has been a major contributor to his fortune. Dangote grew up in the upper class and inherited his entrepreneurial spirit from his grandfather, Dantata, who was once the richest man in Kano State.
Today, Dangote is recognized as the richest black man in the world and one of Africa’s most respected businessmen and philanthropists.
Net Worth: $13.5 billion
Origin of Wealth: Cement and Sugar Industry
Johann Rupert & Family
Johann Rupert, the eldest son of Anton Rupert and his wife Huberte, is a prominent South African entrepreneur and billionaire businessman.
He is best known for founding Rand Merchant Bank, Compagnie Financière Richemont SA. In 1998, Richemont SA was formed through a spinoff of assets that were previously owned by Rembrandt Group Limited, which was founded by Rupert’s father Anton in the 1940s.
As of 2023, Rupert and his family are ranked as the richest in South Africa on the Forbes list, with an estimated net worth of US$10.7 billion. Furthermore, he is regarded as the second richest man in Africa.
Net Worth: $10.7 billion
Origin of Wealth: Luxury Goods, Inheritance
Country: South Africa
Abdul Samad Rabiu
Abdulsamad Rabiu is the founder of BUA Group, a Nigerian company that deals in cement production, sugar refining, and real estate.
He began his professional journey at the Nigerian Industrial Development Bank (NIDB), which was owned by his family. After working there for several years, he established BUA Group in 1988. As the head of the organization, he has transformed it into one of Africa’s most extensive conglomerates, with activities in Nigeria, Ghana, and other African territories.
BUA Group has made significant contributions to Nigeria’s economy, particularly in the cement and sugar sectors. The corporation has also invested in renewable energy and infrastructure. The BUA Refinery in Rivers State, which is one of Nigeria’s largest oil refineries, is presently being constructed by the company.
Net Worth: $7.6 Billion
Origin of Wealth: Cement and Sugar Business, Inheritance
Nassef Sawiris is an Egyptian billionaire and the youngest Scion in the wealthiest family in Egypt- the Sawiris family.
In 1990, he started overseeing the construction activities of the Orascom Corporation and became the CEO of the Orascom Construction Industries in the year 1998.
Currently, He is the chief executive for Orascom Construction Industries and is responsible for taking care of the construction projects of the company. With his massive efforts and entrepreneurial skills, he has become one of the most known personalities and the wealthiest entrepreneurs in Africa.
Net Worth: $7.2 Billion
Origin of Wealth: Construction, Investment, Inheritance
Mike Adenuga is another Nigerian billionaire with substantial investments in Lagos. He is the owner of Globacom, one of Nigeria’s leading telecommunications companies, and Conoil, an oil exploration and production company.
He is one of the wealthiest people on the African continent as well as the richest person in Lagos. Named the 3rd richest man in Nigeria according to Forbes. He gained his wealth from telecommunications and oil production in Nigeria.
His telecom company, Globacom is the third largest network operator in the country, with over 50 million subscribers, and his Petroleum company, Conoil is one of the biggest Petroleum exploration and production companies in Nigeria.
Net Worth: $5.6 Billion
Origin of Wealth: Telecommunications and Oil Business
Nassef Sawiris, a member of the wealthy Sawiris family, is an Egyptian billionaire who has made a name for himself in the world of construction. He began overseeing construction activities for the Orascom Corporation in 1990 and went on to become the CEO of Orascom Construction Industries in 1998.
As the current Chief Executive of Orascom Construction Industries, he is responsible for the company’s construction projects. Thanks to his hard work and entrepreneurial skills, Sawiris is now one of Africa’s most prominent personalities and wealthiest entrepreneurs.
Net Worth: $3.3 billion
Origin of Wealth: Telecommunications, Inheritance
Patrice Motsepe, a prominent mining tycoon from South Africa, is the mastermind behind the creation and success of African Rainbow Minerals. The company has established its presence in the mining industry by exploring and extracting precious minerals like gold, ferrous metals, base metals, and platinum.
In addition to his role as the founder and executive chairman of African Rainbow Minerals, Patrice Motsepe also serves on several company boards, including as the non-executive chairman of Harmony Gold, one of the world’s largest gold mining companies, and as the deputy chairman of Sanlam.
Net Worth: $3.1 Billion
Origin of Wealth: Mining
Country: South Africa
Mohamed Mansour is a billionaire and businessman from Egypt. He has a net worth of $2.8 billion in 2023.
Born into a family with a strong business acumen, he is the heir to the Mansour Group, which holds the distinction of being the largest dealer of General Motors vehicles globally.
The group is also a major distributor of Caterpillar equipment, not just in Egypt, but across the African continent.
Net Worth: $2.8 Billion
Origin of Wealth: Diversified Businesses
Koos Bekker is a prominent South African entrepreneur and media mogul, who has amassed a net worth of $2.3 billion. In 1985, he co-founded M-Net/MultiChoice, a pay television business, which marked the beginning of his successful career.
Later on, Koos Bekker became the CEO of Naspers in 1997. Today, Forbes ranks him as one of the wealthiest African men, with an estimated net worth of $2.6 billion. His impressive journey as a billionaire businessman has made him an influential figure in the business world.
Net Worth: $2.6 billion
Origin of Wealth: Media, Investments
Country: South Africa
Strive Masiyiwa, a Zimbabwean businessman based in London, is renowned for being the founder of two leading international technology groups, Econet Global and Cassava Technologies.
According to recent estimates in 2023, Masiyiwa’s net worth is around $1.9 million.
Masiyiwa is a prominent figure on several boards, including Unilever Plc, Netflix, the Bill & Melinda Gates Foundation, and the National Geographic Society. He is also involved in various Global Advisory Boards.
Net Worth: $1.9 Billion
Origin of Wealth: Telecommunications
Also check Top 10 Richest Men in Lagos, Nigeria 2023.