The Richest Person In Africa 2020

mike Adenuga
mike Adenuga

Even though Africa is still developing nations, many individuals made themselves billionaires and, along the way, earning billions of dollars. Forbes analyze and release annually list of The Richest Person In Africa 2020,

Africa’s billionaires are as a group more productive than a year ago. Altogether, the continent’s 20 billionaires are worth a combined $73.4 billion, up from $68.7 billion a year ago. As the global economy is so interconnected we are seeing a more and more rich person in every country

 

Here Are The Richest Person In Africa 2020

 

10. Patrice Motsepe

Patrice Motsepe
Patrice Motsepe

Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa.

Net worth: $2.6 billion
Origin of wealth: Mining
Age: 57
Country: South Africa
Residence: Johannesburg

 

9. Naguib Sawiris

Naguib Sawiris
Naguib Sawiris

Naguib Sawiris is a scion of Egypt’s wealthiest family. His brother Nassef is also a billionaire. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. He’s chairman of Orascom TMT Investments, which has stakes in a primary asset manager in Egypt and an Italian internet company, among others.

Net worth: $3 billion
Origin of wealth: Telecom
Age: 65
Country: Egypt
Residence: Cairo

 

8. Abdulsamad Rabiu

Abdulsamad Rabiu
Abdulsamad Rabiu

Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it.

Net worth: $3.1 billion
Origin of wealth: Cement, sugar
Age: 59
Country: Nigeria

 

7. Mohamed Mansour

Mohamed Mansour
Mohamed Mansour

Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and had 60,000 employees. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GM’s biggest distributors worldwide. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries.
Net worth: $3.3 billion

Origin of wealth: Diversified
Age: 71
Country: Egypt
Residence: Cairo

 

6. Issad Rebrab

Issad Rebrab
Issad Rebrab

Issad Rebrab is the founder and CEO of Cevital, Algeria’s biggest privately-held company. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company.

Net worth: $4.4 billion
Origin of wealth: Food
Age: 76
Country: Algeria
Residence: Algiers

 

5. Johann Rupert

Johann Rupert
Johann Rupert

Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. The company is best known for its brands Cartier and Montblanc. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton developed in the 1940s. He holds a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding co.

Net worth: $6.5 billion
Origin of wealth: Luxury goods
Age: 69
Country: South Africa
Residence: Cape Town

 

4. Nicky Oppenheimer

Nicky Oppenheimer
Nicky Oppenheimer

Oppenheimer, an heir to his family’s fortune, sold his 40% stake in diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash in 2012. He was the third generation of his family to run DeBeers and took the company private in 2001. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade.

Net worth: $7.7 billion
Origin of wealth: Diamonds
Age: 74
Country: South Africa
Residence: Johannesburg

 

3. Mike Adenuga

mike Adenuga
mike Adenuga

Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the third-largest operator in Nigeria, with 43 million subscribers. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver.

Net worth: $7.7 billion
Origin of wealth: Telecom, oil
Age: 66
Country: Nigeria
Residence: Lagos

 

2. Nassef Sawiris

Nassef Sawiris
Nassef Sawiris

Nassef Sawiris is a scion of Egypt’s wealthiest family. His brother Naguib is also a billionaire. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange.

Net worth: $8 billion
Origin of wealth: Construction, chemicals
Age: 58
Country: Egypt
Residence: Cairo

 

1.Aliko Dangote

Aliko Dangote
Aliko Dangote

Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. He owns nearly 85% of publicly-traded Dangote Cement through a holding company. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies. Dangote is The Richest Person In Africa 2020

Net worth: $10.1 billion
Origin of wealth: Cement, sugar
Age: 62
Country: Nigeria
Residence: Lagos

 

The Richest Person In Africa 2020 Source: | Forbes