Even though Africa is still a developing nation, many individuals made themselves billionaires and, along the way, earned billions of dollars. Forbes analyzes and release an annually list of The Richest Person In Africa 2020,
Africa’s billionaires are more productive than a year ago as a group. Altogether, the continent’s 20 billionaires are worth $73.4 billion, up from $68.7 billion a year ago. As the global economy is so interconnected, we see more rich people in every country.
Here Are The Richest Person In Africa 2020
10. Patrice Motsepe
Patrice Motsepe is the wealthiest person in Africa, with a net worth of $2.5 billion. He is the founder and chairman of African Rainbow Minerals, one of Africa’s largest mining companies. He also has interests in banking, property, and tourism.
Net worth: $2.6 billion
Origin of wealth: Mining
Age: 57
Country: South Africa
Residence: Johannesburg
9. Naguib Sawiris
Naguib Sawiris is a telecommunications magnate and the richest person in Africa. He is the founder and CEO of Orascom Telecom Media and Technology Holding S.A.E. (OTMT). Sawiris was born on October 3, 1954, in Cairo, Egypt. He is the eldest of three sons of Onsi Sawiris, one of Egypt’s wealthiest businessmen.
Net worth: $3 billion
Origin of wealth: Telecom
Age: 65
Country: Egypt
Residence: Cairo
8. Abdulsamad Rabiu
Abdulsamad Rabiu. He comes from a wealthy family, and through his hard work and business acumen, he has become one of the richest people on the continent.
Rabiu made his fortune in cement production, but he has also branched out into other real estate and oil industries. He currently has a net worth of $4.2 billion, making him the wealthiest person in Africa 2020.
Despite his wealth, Rabiu is known for being humble and down-to-earth. He is also philanthropic, donating millions of dollars to charity every year.
Net worth: $3.1 billion
Origin of wealth: Cement, sugar
Age: 59
Country: Nigeria
7. Mohamed Mansour
Mohamed Mansour is the wealthiest person in Africa as of 2020. He is a self-made billionaire who has a net worth of $7.8 billion.
Mansour was born into a low-income family in Egypt, and he started working at a young age to support his siblings. He began his career as a taxi driver, and he eventually built up a thriving transportation company.
Mansour later diversified his business interests into real estate, telecommunications, and banking. He is now the chairman of the Djezzy telecommunications company, the largest mobile operator in Algeria.
Origin of wealth: Diversified
Age: 71
Country: Egypt
Residence: Cairo
6. Issad Rebrab
Issad Rebrab is the richest person in Africa and the 9th richest person globally, with a net worth of $10.5 billion as of March 2020.
He is the founder and CEO of Cevital, Algeria’s largest private company. Rebrab has been instrumental in developing Algeria’s economy and has made significant investments in steel, agriculture, and port operations.
Net worth: $4.4 billion
Origin of wealth: Food
Age: 76
Country: Algeria
Residence: Algiers
5. Johann Rupert
Johann Rupert is the richest person in Africa, with his fortune totalling $7.3 billion as of 2020. Rupert is the founder and chairman of luxury goods company Richemont, which owns brands such as Cartier, Montblanc, and Van Cleef & Arpels. He also has a stake in Swiss bank Julius Baer.
Rupert was born into a wealthy family in South Africa and has been involved in the business since his early twenties. He was forced to sell his stake in Richemont during the apartheid era but regained control of the company in the 1990s.
Rupert is one of the most influential figures in the African business community and has been credited with helping to grow the continent’s economy.
Net worth: $6.5 billion
Origin of wealth: Luxury goods
Age: 69
Country: South Africa
Residence: Cape Town
4. Nicky Oppenheimer
According to Forbes, Nicky Oppenheimer is the richest person in Africa, with a net worth of $7.3 billion as of January 2020. The heir to the De Beers diamond fortune, Oppenheimer has a diversified portfolio of real estate, farming and investments. He stepped down as chairman of De Beers in 2012 and now focuses on his family’s investment company, Tana Africa Capital.
Oppenheimer is also one of the continent’s leading philanthropists. He has given away hundreds of millions of dollars to support education, health care, and other African causes. In 2018, he donated $100 million to help build a new university in Cape Town.
Despite his wealth, Oppenheimer lives relatively modestly and is known for his humble demeanour. “I’m not interested in money for its own sake,” he once said.
Net worth: $7.7 billion
Origin of wealth: Diamonds
Age: 74
Country: South Africa
Residence: Johannesburg
3. Mike Adenuga
Mike Adenuga is a Nigerian businessman with an estimated net worth of $9.2 billion as of March 2020, making him the richest person in Africa. He is the founder and chairman of Globacom, one of Africa’s largest telecommunications companies. Adenuga also has interests in oil production, real estate, and banking.
Net worth: $7.7 billion
Origin of wealth: Telecom, oil
Age: 66
Country: Nigeria
Residence: Lagos
2. Nassef Sawiris
Nassef Sawiris is an Egyptian businessman and the richest person in Africa as of 2020. He is the co-founder and CEO of Orascom Construction Industries, one of the largest construction companies in the world. Sawiris also has a large stake in OCI N.V., a Netherlands-based fertilizer producer. He is estimated to be worth $7.3 billion as of 2020.
Net worth: $8 billion
Origin of wealth: Construction, chemicals
Age: 58
Country: Egypt
Residence: Cairo
1.Aliko Dangote
Aliko Dangote is the wealthiest person in Africa, with a net worth of $10.3 billion as of March 2020. He is the founder and president of the Dangote Group, a conglomerate interested in cement, sugar, flour, and other commodities. The company has more than 50,000 employees and operates in 18 African countries.
Dangote was born into a wealthy family in Kano State, Nigeria. After attending college in the United States, he returned to Nigeria and started his first business venture in 1977. He soon became a successful entrepreneur and was named one of Africa’s most influential people by Forbes magazine.
Net worth: $10.1 billion
Origin of wealth: Cement, sugar
Age: 62
Country: Nigeria
Residence: Lagos
The Richest Person In Africa 2020 Source: | Forbes
