Top 10 Richest Billionaires in Africa

We will be considering today the Top 10 Richest Billionaires in Africa. Interestingly, Africa has its share of billionaires on the continent. There is no doubt that the African economy is rising even amid the coronavirus pandemic which impacted heavily many businesses with many almost closing down their businesses. However, some still benefited massively. Continue reading to find out the billionaires that made the list.

Top 10 Richest Billionaires in Africa

We have compiled the names of the Top 10 Richest Billionaires in Africa. You can quickly glance through the list below.

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1. Aliko Dangote

Nationality: Nigeria

Net Worth: $12.1 Billion       

Source of Wealth: Dangote Group

Aliko Dangote

Aliko Dangote is The Richest Man in Africasitting atop the list of Top 10 Richest Man in Africa 2021. Today, with a net worth of over $12 billion he is the number one richest billionaire in Africa. His source of wealth is Dangote Group, considered to be the largest multinational company in West Africa.

More so, the company owns the largest cement producer in sub-Saharan Africa. Other products it produces include sugar, salt, flour, steel, oil, and gas.

2. Nassef Sawiris        

Country: Egypt

Net Worth: $8.5 Billion

Source of Wealth: Orascom

Nassef-Sawiris

Egyptian business manganate, Nassef Sawiris is the next billionaire on our list and also second among the Top 10 Richest Man in Africa 2021. Sawiris heads Orascom Constructions. Also, he owns a 30% stake in the fertilizing producer OCI and is also reported to own a 6% stake in Adidas.

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3. Nicky Oppenheimer

Nationality: South Africa

Net Worth: $8Billion

Source of Wealth: De Beers

Nicky Oppenheimer

Nicky Oppenheimer is a South African business manganate who is ranked among the Top 10 Richest Man in Africa 2021 considered to be the third richest billionaire on the continent with a net worth of $8 billion, De Beers, a diamond mining and trading company.

4. Johann Rupert      

Nationality: South African

Net Worth: $7.2 Billion

Source of Wealth: Richemont, Remgro

Johann Rupert 

Johann Rupert chairs the Swiss-based luxury goods Compagnie Financiere Richemont division, a company known for making some of the world’s most expensive luxury items; also, he has shares in the South Africa-based company Remgro, the other half of the Rembrandt group. Richemont is also known as the parent company of Mont Blanc and Cartier.

5. Mike Adenuga       

Nationality: Nigeria

Net Worth: $6.3 Billion

Source of Wealth: Globacom, Conoil

Mike Adenuga

The fifth billionaire on our list of the Top 10 Richest Billionaires in Africa is Mike Adenuga, a Nigerian billionaire businessman who chairsGlobacom, the second-largest telecommunications operator in Nigeria with over 43 million subscribers. Also, he owns a stake in the oil company Conoil, as well as Equitorial Trust Bank. All of these are the major contributor to his wealth.

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6. Abdul Samad Rabiu

Nationality: Nigeria

Net Worth: $5.5 Billion

Source of Wealth: BUA Group

Abdul Samad Rabiu

Abdul Samad Rabiu is a Nigerian business manganate who founded and serves as the chairperson of BUA group, which has stakes in manufacturing, infrastructure, and agriculture. He has a net worth of $5.5 billion which makes him also one of the Top 10 Richest Man in Africa 2021.

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7. IssadRebrab 

Nationality: Algeria

Net Worth: $4.4 Billion

Source of Wealth: Cevital

IssadRebrab

IssadRebrab brings us to the seventh spot on our list of Top 10 Richest Billionaires in Africa. The Algerian billionaire who is the richest man in Algeria makes his fortune mostly through Cevital, a food industry company he founded in 1998. The company is rated as the largest conglomerate in Algeria because it operates series of businesses such as automotive, household appliances, transportation, float glass production, and large-scale retail.

To further expand his business empire, Rebrab diversified his business by acquiring several other companies in Africa, Europe, and South America.

8. Naguib Sawiris      

Nationality: Egypt

Net Worth: $3.2 Billion

Source of Wealth: Orascom

Naguib Sawiris 

Naguib Sawiris is the elder brother of Nassef Sawiris, the second billionaire on the list. Also, one of the Top 10 Richest Man in Africa 2021 with a net worth estimated to be over $3 billion. The Egyptian billionaire is the current chairman of Orascom Telecom Holdings. The company has experienced tremendous transformation and growth becoming one of the most successful telecom companies in North Africa under Naguib’s supervision.

More so, Naguib’s net worth is further boosted as he owns 88% stakes in Euronews through his Media Globe holdings, and as well the chairman of Weather Investments’s parent company.

9. Patrice Motsepe      

Nationality: South Africa

Net Worth: $3.0 Billion

Source of Wealth: African Rainbow Minerals

Patrice Motsepe 

The South African billionaire Patrice Motsepe comes in at the ninth spot having acquired his over $3 billion net worth from the mining business through his African Rainbow Minerals company. The company operates in the business of minerals extraction and refining such as gold, ferrous metals, base metals, and platinum.

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In addition, Motsepe to further expand his source of income has a stake in Sanlam, a listed financial services firm, and he is the owner and president of the South African football club, Mamelodi Sundowns.

10. Koos Bekker

Nationality: South Africa

Net Worth: $2.8 Billion

Source of Wealth: Naspers

Koos Bekker

Last on our list is the South African billionaire and business manganate, KoosBekker, the chairman of the media group Naspers. The company has a global presence as it operates in 130 countries and as well listed on the London Stock Exchange and Johannesburg Stock Exchange. More so, it has the largest market capitalization of any media company outside the U.S., China, and India.

The company services encompass classified advertising, online payments, fintech (financial technology), and food delivery.

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Conclusion

There you have the 10 billionaires who made the list of Top 10 Richest Billionaires in Africa. They have also been deemed the richest men on the continent. As you can see from our listing, there are two Egyptian billionaires, four South African billionaires, three Nigerian billionaires.

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