Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. He served on Anglo American’s board for 37 years until 2011, and retains an estimated 1% stake in the company. Below is a list of top ten richest musicians in East Africa and their net worth in 2020: 1. Top 20 Richest People in Africa 2020: Aliko Dangote of Nigeria is the richest man in africa (for the 9th year in a row) His networth is estimated at $10.1b. The group is planning to expand its branches in other African countries as well. He is the founder and CEO of Aspen Pharmacare, which is a major pharmaceutical manufacturer in Africa. 10 Comments 1 2. desmond August 9, 2014 @ 9:29 pm This is a list of wealthy Americans ranked by net worth.It is based on an annual assessment of wealth and assets by Forbes and by data from the Bloomberg Billionaires Index.. RMB and RMI Holdings are the two famous and lucrative subsidiaries of this organization. The company also has branches in hotel and supermarket investments. Dangote Cement produces 44 million metric tons annually and plan to increase its output 33% by 2020. He was one of the richest millionaires in Africa during his twenties. He is the founder of Globacom Limited, which is the second largest phone network in Nigeria. His brothers Yasseen and Youssef Mansour are also in the list of 20 richest people of Africa on the 13th and 18th places. Chaabi is a Moroccan investor and self-made billionaire. Nigeria’s magnate Aliko Dangote still maintains the top spot for the ninth year in a row. It owns and operates gas stations while manufacturing its brand of engine oil. 5. Listed below are the top 50 wealthiest people in Africa according to the data gather from Forbes. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Top 20 richest people in Africa 2020. by Victor Mochere. The company’s generic medicine market expands to more than 150 countries. 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. A big number of African presidents are worth much more than anyone can imagine. This figure alone makes it the richest company in Africa that deals in short-term insurance. Africa is on the move, and African billionaires are growing wealthier and increasing in number. His primary businesses include cement, sugar and flour. He is a stakeholder in the chemical and shipping industry as well. When the British design magazine Wallpaper* described the Afrikaans language as “one of the ugliest languages in the world” in its September 2005 edition (in reference to the Afrikaans Language Monument), Rupert responded by withdrawing advertising for his companies’ brands such as Cartier, Van Cleef & Arpels, Montblanc and Alfred Dunhill from the magazine. The richest African, for the eighth year in a row, is Nigerian cement and commodities tycoon Aliko Dangote, with a net worth of $10.7 billion. Attridge is an important founding member as well as a major shareholder of the company. Ovia is a big time investor in the Nigerian banking industry; he is also one of the richest people in Nigeria. Reading Time: 3min read 4. A billionaire from Angola Isabel Dos Santos is the only woman who is listed in the top 10 richest African People with a net worth of 2.1 Billion. 74. Her first organization was a designer brand that specialized in elite clothing. The organization owns shares in several banks and thus makes a significant contribution to the economy. Here are South Africa’s 20 Richest Men. However, that has become history as his current net worth stands at $5.9 bn. Johann Rupert is the richest South African and the second richest person in Africa. According to the City Press Wealth Index, 50 of South Africa's richest people are worth a combined R323 million. He is the great-grandson of Alhaji Alhassan Dantata, the richest African at the time of his death in 1955. He is the CEO of Etisalat in Nigeria which is the fourth largest mobile network in the country. Read The top 25 richest People in the World. The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. He oversees and manages the growth and functioning of Mansour Group and General Motors simultaneously. Aliko Dangote, an ethnic Hausa Muslimrom Kano State, was born on 10 April 1957 into a wealthy Muslim family. Christoeffel Wiese was South Africa’s third richest man and the 5th richest man in Africa as of April 2015 with a net worth of $5.9 billion. Top 10 Poorest Men In The World 2020. Furthermore, his company invests in food and beverages and packing services as well. He started investing in manufacturing plants, edible oils, and textiles to diversify his assets. Ryan was previously responsible for data modelling and analytics, as well as secondary research, on the CEOWORLD magazine Custom Research team. This list of African wealthiest people arrests the misconception that all Africans are subjected to poverty. If they can we to can. He is also the founder of Azam TV which is a commonly used pay TV service in East and South Africa. His company also has investments in real estate development, media and hotel chains. Originally Orascom Construction Industries, Sawiris split the company into two entities in 2015. Top 100 Richest Countries In The World 2020. Sawiris also owns nearly 5% of cement giant LafargeHolcim, and 7% of Adidas. Find out the top 20 richest men in South Africa this year. The kids’ dad was ranked at position 26 in the Top 100 Richest People in the world by Forbes in 2011. 7. Ovia has made investments in other sectors such as telecom and real estate as well. He is the founder and most major stakeholder of Zenith Bank Group; one of the largest commercial banks in Nigeria. Tags: Top 10 Richest Man In East Africa 2020 Delta Feb. Related Posts. Among his varied interests, Bekker is mainly an investor of the media industry. The richest company in Africa in the healthcare sector is Clicks Group. Bensalah is the head of the family business Holmarcom Group, which specializes in the finance industry of Morocco. Wakrim generated a significant portion of wealth through petroleum and gas business in Morocco. Kenya is the largest economy in East Africa, with a GDP of US$70.539 billion (Source: World Fact Book) and has some rich people. These are the top 100 richest people in the world today. His primary businesses include cement, sugar and flour. It is a large-scale conglomerate in Morocco that specializes in chemicals, gas and petroleum. He is the creator of several luxury goods including brands such as Cartier and Mont Blanc. Danjuma is the creator and CEO of Nigerian organization South Atlantic Petroleum, which is a major oil and petroleum manufacturer. A 2016 count puts its employee strength at 5,749. He is a self-made Moroccan billionaire and founder of Groupe Addoha, which is a large-scale real estate organization. 9. He owns shares in several corporate companies such as Anglo-American. ALIKO DANGOTE – NW: $21.6 BILLION; Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Facts about Thomas Sankara in Burkina Faso, Visa free countries for Seychelles Passport, the most powerful passport in Africa, Richest Person In Kenya And Top 10 Wealthy Kenyans, Turkey is to completely erase all Somalia’s debts to the IMF, 10 trending Kaftan outfit ideas for grooms-to-be, 5 highest paid African football players in 2020, 10 of Africa’s most amazing Tourist places you must visit, The 10 Best Africans In The English Premier League, 16 Reasons Why You Should Visit South Africa For The Holidays, Botswana police ranked Africa’s best, Nigeria at bottom of global report, Isabel dos Santos only African on Forbes 2017 ‘100 most powerful women’. # Countries with the highest life expectancy in the world, 2020 This firm also invests in several other industries too. He is also the owner of SNEP, which is a Moroccan chemical manufacturer. The company specializes in real estate business and constructs and operates resorts and hotels in Egypt as well as in Switzerland. He is a large benefactor of the pharmaceutical industry of South Africa. It is noteworthy that Danjuma was a former Defense Minister of Nigeria. Here is a list of the richest Presidents in Africa … Top 10 Richest Presidents in Africa 2020 Africa is perceived as a poor continent but most of its influential leaders are worth millions of dollars. Otudeko is the founder and CEO of the Nigerian company Honeywell Group. He covers anything and everything related to CEOs, CFOs, CIOs, senior management executives, business leaders, and high net worth individuals worldwide, whether lists or lifestyle, business or rankings. Based in South Africa, Nicky Oppenheimer made the bulk of his fortune from the diamond trade. He is a South African mining tycoon who has been dominating the mining industry in the country through his investments in various organizations including Assmang Limited, which produces manganese, iron, and chrome. Robert Hitti set up Qualiplast in 1973 as a small factory with the name Greenplastica Limited in 1973. The Forbes 400 Richest Americans list has been published annually since 1982. He is a Nigerian billionaire who invests in various domestic and international industries. The company specializes in Caterpillar dealerships. Jose Chameleon. Isabel Dos Santos. The first three names are ranked as the wealthiest by Forbes, and the number 1 is also the richest black person on the planet; a spot he has held on to for some years now. This financial management facilitated through PSG Group, which was founded and is currently run by Mouton. Copyright © 2008 - 2020 CEOWORLD magazine. Apart from that, this South African billionaire owns shares in several multi-national companies. Wiese today presides over 11,000 stores across 30 countries. Masiyiwa also contributes a lot towards the betterment of education. American business magazine Forbes has finally published a list of top 20 richest people in Africa as of 2020, and surprisingly, no Kenyan billionaire features on the list. He owns about 90% of publicly-traded Dangote Cement through a holding company. That is more than the entire... Not surprisingly, with a $76.0 billion fortune, the Ambanis of India are the richest business family in Asia. The funds benefit Egyptian students. In a report by Knight Frank released in March 2020, Kenya has 42 ultra-high net worth individuals, worth over US$30 million each, which is … The richest people in Africa and how they have amassed great wealth in a continent regarded as the poorest in the world. Top 10 Richest Politicians In The World 2020. 2017 Grateful Grads Index: Top 200 Best-Loved Colleges Full List: The World's Highest-Paid Actors And Actresses 2017 Meet The Richest Self-Made Women On Wall Street 2017 Isabel Dos Santos, the daughter of Angola’s longtime president Eduardo Dos Santos and the richest woman in Africa. He invests in financial firms and recreational centers as well. (adsbygoogle = window.adsbygoogle || []).push({}); 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. Clicks Group. His company Dangote Group is currently on an expansion drive to many other African countries. Nicky Oppenheimer is one of the wealthiest people in Africa. In 2014, Dewji launched a self-brand Mo Cola as a market competitor for Coca-Cola in Tanzania. Bargain Shopping African retail tycoon made an end run on big urban-market competitors by targeting rural and low-income areas with rock-bottom prices and everyday items. These include Reinet as well as Romego Limited. This is why some of the people who made it to the list of the top 10 wealthiest people in Nigeria in 10, 5, or 3 years ago are no longer on the list today. He is the founder and creator of one of the largest telecommunication company in Egypt, Orascom Telecom Media & Technology. The company mainly focuses on the residential market and thus specializes in home building programs. Apart from being a major stakeholder of Mansour Group, he is also interested in the field of consumer goods. This company manages and invests in a range of industries such as petroleum, food manufacturing, and marine transportation. CEOWORLD magazine > The Latest > Stats Gate > Africa’s Billionaires: Richest People In Africa, 2020. As a Nigerian millionaire, Otedela specializes in the petroleum industry. He is the founder and CEO of Ruperelia Group, which owns more than 300 residential and commercial properties. These include call centers, clinics and media companies such as Bertlesmann – a renowned German media entity. Ezz Steel is a leading steel manufacturer in Egypt and the Middle East as a whole. Top 20 Richest People in Africa 20. Yassen also is the founder of big-time real estate developing company – Palm Hills Development. Wiese today presides over 11,000 stores across 30 countries. He owns an extremely profitable construction company. This company specializes in various industries including real estate, shipping, manufacturing, and engineering. This gentleman is the richest man in Zimbabwe. Listed below are the top 50 wealthiest people in Africa according to the data gather from Forbes. Some of them are in the Forbes ranking, and others are not, but they are all wealthy and successful. He holds 40% of shares in SNI – one of the largest investment firms in Morocco. Aliko Dangote – NW: $21.6 billion. South Africa has one of the best economies in Africa and is a leader in many sectors. 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. According to Forbes’ annual ranking of dollar billionaires, diamond magnate Nicky Oppenheimer is the richest man in the country with a net worth of $7.3 billion. JOHANNESBURG - Aliko Dangote of Nigeria remains the richest person in Africa, with an estimated $10.3-billion (R134-billion) net worth, according to the Forbes Africa Top Billionaires 2019 list. 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. South Africa’s 5 richest people. # Best (and worst) countries in the world for old people to live in, 2020 Folawiyo is the founder and CEO of the Nigerian company Yinka Folawiyo Group. Aliko Dangote GCON (born 10 April 1957) is a Nigerian businessman, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries.. Dangote is ranked by Forbes magazine as the 136th-richest person in the world and the richest man in Africa, and peaked on the list as the 23rd-richest person in the world in 2014. Furthermore, the organization manages ports and terminals within the industry as well. Onsi is the founder of Orascom Construction Industries and the patriarch of one of the richest families in Egypt. The bulk of his wealth stems from his involvement in Econet Wireless Group; a telecommunications group that he founded. Some like Cletus Ibeto who was once the richest Igbo man at some point in the country and among the top 10 wealthiest people in Nigeria are no longer found on the list. Motsepe is an investor in the South African mining industry. Azizi has also diversified his assets by investing in real estate and mining industries. Over the years, his company Bidco Industries had invested and manufactured in several industries such as garments, soap production, and edible oils. He is a Tanzanian millionaire is the founder of MeTL Group. Furthermore, the company is also involved with telecommunications industry on a small scale. The Moroccan billionaire invests in banking, telecom, and insurance industries through his company FinanceCom. It is also involved in the production of vegetable oil and margarine. He has major investments in banking, mining, and food manufacturing, he is one of the wealthiest men in Africa. Three well-known Nigerian billionaires are on the top of our ranking of the top 10 richest person in Nigeria. Also Read: Top 10 Richest countries in Africa 2020 . This self-made Moroccan millionaire is the head of Saham Group; one of the biggest insurance companies in Morocco. Richest People / Russian Billionaire – List of Richest Men in Russia. For instance, it is the distributor of L’Oreal in Egypt. In Africa, the Nigerian business tycoon Aliko Dangote remains the richest person in Africa, with an estimated $10.1 billion net worth, according to the Forbes Africa Top Billionaires 2020 list.. Aside from Dangote, who else made the list of richest persons in Africa. I was so interested in business, even at that time.”. He is a Nigerian millionaire who invests mainly in the telecommunications industry. According the Forbes’ 2015 list of Africa’s 50 Richest, Nigerian business magnate Aliko Dangote remains the richest person in Africa and the richest black man in the world. Top 50 Richest men in Zimbabwe According to The Zimbabwean Sunday Mail, These are the list of the top 50 richest people in Zimbabwe. Among the list, the only recognized person is Strive Masiya who has a net worth of $1.9 Billion. Reply. His primary businesses include cement, sugar and flour. As the Co-founder and a shareholder of Rand Consolidated Investing, Ferreira managed to become a millionaire in South Africa. He is also the founder and owner of Kilimanjaro – which is a commonly used bottled water brand in Tanzania. A University of Chicago graduate, he donated $20 million to the school in 2015 to establish a scholarship program named after his father, Onsi. He is yet another self-made billionaire from Nigeria. Some of the richest people in Africa are are self-made, some of them have built on their influence and power to gather their wealth, and some of these millionaires have leveraged inheritances to become one of the richest people in Africa. The list of the richest men in Africa was released by Forbes magazine in January 2020. Oriental Energy Resources manufactures and distributes oil to many African countries apart from Nigeria. The Hitti Family-$540 million. This Ugandan billionaire is one the largest real estate investors in the country. He has a bachelor’s degree in business studies and administration from Al-Azhar University, Cairo. He is the founder and executive chairman of the telecommunications, technology and renewable […] Add a Comment Cancel reply. 16. This organization specializes in a variety of industries including media, shipping, oil trading, manufacturing, and banking. His company BUA Group specializes in commodities such as flour and sugar. He has stakes in the telecom education industry and real estate industry in differentoverseas countries . He manages all his investments through his company Sameer Group. Azizi is a self-made billionaire in Tanzania who mainly invests in the telecommunications industry. Apart from liquid petroleum, the company also manufactures certain chemicals as well. # Most expensive countries in the world to live in, 2020 His primary businesses include cement, sugar and flour. Dr. Mike Adenuga is the chairperson of ConOil PLC, a lucrative oil exploration company in Nigeria. Egypt’s richest businessman, Nassef Sawiris, runs OCI, one of the largest nitrogen fertilizer producers in the world. Apart from investing in real estate, Elumelu is a stakeholder of Transcorp, which is one of the largest publicly-traded conglomerates in Nigeria. Mohamed Mansour is a billionaire and businessman with diverse investments across different industries in Egypt. He runs the Mansour Group along with his brothers in Egypt. It has plants in Texas, and is building facilities in Iowa. He is South Africa’s first black billionaire. He is a Tanzanian self-made millionaire who invests mainly on manufactured goods such as grain and potatoes. American technology entrepreneur Jeff Bezos who owns Amazon tops the … Indimi is a self-made Nigerian millionaire and founder of one of the largest oil production organizations in the country. This retail-led healthcare firm runs more than 800 stores in South Africa. This Nigerian billionaire is an investor in the telecommunications and oil production industries. Africa’s Billionaires: Richest People In Africa, 2020 Ryan Miller Stats Gate February 13, 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. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. The African continent has produced many wealthy people; with over 28 known billionaires. Akwa Group was founded and is managed by the family; credit also goes to his siblings for their involvement in the company. Africa is not left out of the ranking of wealthiest people.