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Africa’s Billionaires: Richest People In Africa, 2020


With a net worth of $10.1 billion, Nigerian billionaire Aliko Dangote is the wealthiest man in Africa and the only African on the list of top 100 richest in the world. Along with Aliko Dangote, three other Nigerian billionaires who made the list were oil and telecoms mogul Mike Adenuga whose fortune is currently estimated at $7.7 billion, Abdulsamad Rabiu ($3.1 billion) and Folorunsho Alakija, with an estimated at $1 billion.

Isabel dos Santos, an Angolan businesswoman, the eldest child of Angola’s former President José Eduardo dos Santos (who served as President of Angola from 1979 to 2017), is the richest woman in Africa.

South Africa is home to 8 billionaires in Africa, followed by Egypt (6 billionaires); Nigeria (4 billionaires); Morocco (2 billionaires); and Algeria, Angola, Eswatini (Swaziland), Tanzania, and Zimbabwe – 1 billionaire each. Only 2 woman features on the list of the 25 richest people in Africa — Angola’s richest person, Isabel Dos Santos and Folorunsho Alakija from Nigeria.

Africa’s Billionaires: Richest People In Africa, 2020

Rank Name Net Worth Country About
1 Aliko Dangote $10.1 billion Nigeria Dangote Cement
2 Nassef Onsi Sawiris $8 billion Egypt Orascom Construction Industries
3 Mike Adenuga $7.7 billion Nigeria Globacom, Conoil
4 Nicky Oppenheimer $7.7 billion South Africa Formerly the chairman of De Beers
5 Johann Rupert $6.5 billion South Africa Compagnie Financiere Richemont, Cartier, Montblanc
6 Nathan Kirsh $5.1 billion Eswatini Jetro Holdings
7 Issad Rebrab $4.4 billion Algeria Cevital
8 Mohamed Mansour $3.3 billion Egypt Mansour Group
9 Abdulsamad Rabiu $3.1 billion Nigeria BUA Group
10 Naguib Onsi Sawiris $3 billion Egypt Orascom TMT Investments, Euronews
11 Patrice Motsepe $2.6 billion South Africa African Rainbow Minerals
12 Koos Bekker $2.5 billion South Africa Media group Naspers
13 Yasseen Mansour $2.3 billion Egypt Mansour Group
14 Isabel dos Santos $2.2 billion Angola Investor
15 Youssef Mansour $1.9 billion Egypt Mansour Group
16 Aziz Akhannouch $1.7 billion Morocco Akwa Group
17 Mohammed Dewji $1.6 billion Tanzania CEO of METL Group
18 Mohamed Al Fayed $1.5 billion Egypt Investor
19 Othman Benjelloun $1.4 billion Morocco CEO of BMCE Bank of Africa
20 Michiel Le Roux $1.3 billion South Africa Capitec Bank
21 Stephen Saad $1.2 billion South Africa Aspen Pharmacare
22 Strive Masiyiwa $1.1 billion Zimbabwe Econet Wireless Zimbabwe
23 Christoffel Wiese $1.1 billion South Africa Shoprite Holdings, Brait, Invicta Holdings
24 Desmond Sacco $1.1 billion South Africa Assore Group
25 Folorunsho Alakija $1 billion Nigeria Vice chair Famfa Oil

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Source: CEOWORLD magazine