Top 10 Richest People in Africa


As the world’s second largest continent and second most populous continent after Asia. Africa boasts some of the richest people in the world. Let’s take a look at the Top 10 Richest People in Africa according to Forbes. The information and ranking is from Forbes’ Africa’s 50 Richest List, which provides the most up to date data available.

#1 Alhaji Aliko Dangote 

Net worth: $21.6 billion (most recent estimation according to Wikipedia is $18.6 billion)

Wealth: As the CEO of Dagonte Group, Dagonte’s wealth comes from sugar, flour and cement. He is a well-known and respected business magnate and is ranked as the 23 richest person in the world according to Forbes.

#2 Johann Rupert

Net worth: $7.3 billion

Wealth: Rupert’s wealth is sourced from the luxury goods industry where his company – Compagnie Financiere Richemont – owns well-known luxury brands such as Cartier and Montblanc. Rupert is also the chairman of Remgro – a tobacco manufacturer, which was established by his father, the late Dr Anton Rupert.

#3 Nicky Oppenheimer

Net worth: $6.8 billion

Wealth: Nicky Oppenheimer’s wealth comes from diamonds, and he is a renowned business mogul and admired philanthropist. His career was heavily in the diamond trade with Oppenheimer taking the position of chairman of De Beers (diamond trading company) and chairman of the subsidiary company known as ‘Diamond Trading Company’.

#4 Nassef Sawiris

Net worth: $6.1 billion

Wealth: At the age of 54, Sawiris boasts a net worth of $6.1 billion, made from the construction industry. His investments are in Egypt, which is also where Sawiris resides full time. Nassef was part of a big legal battle over tax evasion and eventually won his case against the Egyptian government.

#5 Christoffel Wiese

Net worth: $5.4 billion (most recent estimation according to Wikipedia is $5.3 billion)

Wealth: Wiese (born 1941), is a South African business magnate whose wealth is derived from the consumer retail industry. Wiese owns 44% in shares of Pepkor and is also the company’s chairman.

#6 Mike Adenuga

Net worth: $4.6 billion

Wealth: Mike Adenuga’s billions come from the telecommunications and oil industries, and he is a self-made billionaire. Adenuga owns Globacom, which is the second biggest telecommunications operator in Nigeria. Further to this, he holds major stakes in Equitorial Trust Bank and Conoil (an oil exploration firm).

#7 Mohamed Mansour

Net worth: $4 billion

Wealth: Mansour is a former politician and renowned business mogul in Egypt. Mansour’s wealth is influenced by the fact that he descends from a very powerful business family. What’s more, the Mansour Group controls a staggering nine Fortune 500 companies in Egypt.

#8 Isabel dos Santos

Net worth: $3.7 billion

Wealth: At the age of 41, Isabel boasts a net worth of $3.7 billion. Her wealth is derived from a wide portfolio of solid investments, although she also descends from Angola’s president, Jose Eduardo dos Santos. Isabel is reportedly the richest woman in Africa, according to Forbes.

#9 Issad Rebrab

Net worth: £3.2 billion

Wealth: Born in 1944, Rebrab is a respected businessman from Alergia and is currently the CEO of CEVITAL – the biggest private limited company in Algeria. Rebrab made his billions in the food industry, and owns one of the biggest sugar refineries in the world.

#10 Naguib Sawiris

Net worth: £3.1 billion

Wealth: Naguib’s wealth derives from the telecommunications industry. He currently holds the position of Chariman of the Board of Wealth Investments and is Executive Chairman of Orascom Telecom Media and Technology (OTMT).  

This list comprises of data from 2014 and 2015, and is the most up to date list of Africa’s richest people. What is interesting to see is that there is only one female in this list, compared to other continents such as North America. Overall, Africa boasts many billionaires, one of which is officially the richest black person in the world (Alhaji Aliko Dangote).