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Who is the Richest Man in Africa?

5 mins read

The richest man in Africa has rarely changed over the years although the list usually changes with new positions. Africa is increasingly becoming a dominant continent in the world. It actively produces great people in business, industrialists, practitioners, and entrepreneurs who contribute daily to maintaining Africa’s position on the international stage.

Who is The Richest Man in Africa?

Currently, the richest man in Africa, as released by Forbes newspaper, is Aliko Dangote, the founder and head of the Dangote Cement Industry, known as the leading producer of cement in Africa. His company also specializes in the production of sugar, salt, flour, steel, oil, and gas packaging.

Richest Man in Africa

List of The Top Ten Richest Men in Africa (2022)

Africa has produced several wealthy businessmen and women who have made a diverse impact locally and internationally. Below is the list of the richest men in Africa as released by Forbes, a media company that focuses on business, leadership, and entrepreneurship, among others.

Aliko Dangote (Net Worth $13.9 Billion)

Aliko Dangote is the richest man in Africa, with an estimated net worth of $13.9 billion. He is the founder and chairman of Dangote Cement which is the largest cement producer in Africa. The richest man in Africa is becoming a force to be reckoned with and active in the local and international market.

Johann Rupert (Net Worth $9 Billion)

South Africa’s richest man Johann Rupert is the second richest man in Africa, with an estimated net worth of $9 billion, which he derives from Fashion and Retailing. Johan is the chairman of the Swiss firm Compagnie Financiere Richemont which he inherited from his father. He also has stakes in Reinet, an investment holding company in Luxembourg.

Nicky Oppenheimer (Net Worth $8.7 Billion)

Nicky Oppenheimer is ranked third by African Forbes and is known to have an estimated net worth of $8.7 billion. Nicky runs an aviation company in Johannesburg which he started in 2014 and owns several lands across South Africa, Zimbabwe, and Botswana.

Nassef Sawiris (Net Worth $8.5 Billion)

Nassef Sawiris is an Egyptian-born investor with investment stakes in Addidas, a short wear maker, and New York-listed firm “Madison Square Garden Sports,” and is known to operate one of the largest nitrogen fertilizer production plants present in Texas and Lowa. He has an estimated net worth of $8.5 billion.

Mike Adenuga (Net Worth $6.7 Billion)

Mike Adenuga is a Nigerian business guru who owns Globacom, which is the third-largest network provider in Nigeria that has over 50 million subscribers. Adenuga is a known businessman who had made a name for himself in the telecom business but partly derives his wealth from investments in oil production.

Abdulsamad Rabiu (Net Worth $5.5 Billion)

Another Nigerian on this list is Abdulsamad Rabiu, the founder of BUA Group, a Nigerian conglomerate that focuses on sugar refining, cement production, and real estate. His firm, which merged in 2020, is present on the Nigerian stock market. Rabiu has an estimated net worth of $5.5 billion.

Issad Rebrab (Net Worth $5.1 Billion)

Issad Rebrab is an Algerian businessman who is the founder of Cevital, an Algerian business company. Cevital produces sugar and owns some of Europe’s leading companies like Groupe Brandt, which specializes in producing home appliances. Rebrab has an estimated net worth of $5.1 billion.

Naguib Sawiris (Net Worth $3.4 Billion)

Naguib Sawiris is the brother of Nassef Sawiris, who is the fourth-ranked richest man in Africa. Naguib is known to have derived his wealth from the telecommunications business. He is the head of Orascom TMT investment and has a luxurious resort in the Caribbean Islands of Grenada. Naguib has an 88% stake in Pan-European Pay Tv and Euronews and is known to have an estimated net worth of $3.4 billion.

Patrice Motsepe (Net Worth $3.1 Billion)

Patrice Motsepe is a South African businessman who chairs African Rainbow Minerals. He further has stakes in Sanlam and is the president and owner of the popularly known team Mamelodi Sundowns in South Africa. The businessman has an estimated net worth of $3.1 billion.

Koos Bekker (Net Worth $2.7 Billion)

Koos Bekker is the tenth richest man in Africa, which helped transform South Africa’s news publisher “Naspers” into a renowned cable TV network and e-commerce investor. Bekker is currently the chairperson of Naspers and has a net worth of $2.7 billion.

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