When the question of the richest men not in a country but a continent is asked, you can start imagining some pretty big bucks and quite rightly, for these men who deep researches has placed as the top 10 richest men in Africa, they are the definition of business savvy entrepreneurs. Below is the list of the top 10 richest men in Africa for 2020.
Top 10 Richest Men in Africa 2020
Youseff is an Egyptian billionaire who hails from a very powerful Egyptian family of other billionaires. His two other billionaire brothers are much well known than he is. He controls the largest supermarket chain in Egypt (the Metro Supermarket Chain) as well as tobacco brands, and McDonald’s restaurants. Along with his billionaire brothers, he owns a stake in the Mansour Group, which is a giant business conglomerate with customers in Africa and beyond.
Net Worth: $2.9 Billion
The Egyptian billionaire and owner of giant telecom brand Orascom Group, Onsi Sawiris is Naguib’s dad. Orascom Group is Egypt’s largest private sector employer. Naguib is Egypt’s second richest man and his company has over 70% stake in Koryolink, North Korea’s only cellphone network.
Net worth: $3.1 Billion
Issad is the chairman of Algeria’s largest privately owned business conglomerate – Cevital. Cevital produces Sugar, Vegetable Oil, Margarine, and so on and he’s an exclusive distributor for Europcar, Hyundai and Samsung.
Net Worth: $3.3 Billion
Mohamed Mansour owns Mansour Group, one of Africa’s largest business conglomerates. The company’s services span into areas such as Industrial Equipment, Automobile, Capital Market, Consumer Goods, and so on. He’s also a stake in mega supermarket – Metro which is the largest in Egypt.
Net Worth: $4.0 Billion
The Nigerian billionaire is the owner of Globacom telecommunications, which is the second largest telecom service provider in Nigeria and No.1 in a number of other African countries. He also owns Consolidate Oil and Gas popularly known as ConOil, one of Africa’s largest companies in the sector.
Net Worth: $4.6 Billion
You might not know him but he has your money. Not true? Think again – especially if you’ve ever purchased something from Shoprite. Wiese is the third richest person in South Africa and his main income source is retail. He’s a sleek investor and he owns Lanzerac Manor, one of SA’s five star hotels.
Net Worth: $5.4 Billion
Nassef is the chairman of Orascom Construction Industries one of the biggest players in Africa’s construction industry. He owns a significant stake in cement company, Lafarge. He also has stakes in NASDAQ (Dubai), he’s a board member of BESIX (Belgium) and NNS Holding (Luxembourg).
Net Worth: $6.1 Billion
Although he comes from a family of South African billionaires, he sold 40% of his shares in his grand-father and father’s company – De Beers in 2011, to focus fully on his Diamond magnet business. He owns Tswalu Kalahari Reserves which is the largest private game reserve in South Africa.
Net Worth: $6.8 Billion
Johan Rupert is arguably the richest man in South Africa. He’s the owner of Compagnie Financiere, a company that deals in Luxury goods. His company’s stock has had a 50% stock increase for three years and he likes to golf.
Net Worth: $7.3 Billion
Dangote is the chairman and owner of Dangote Groups which is the largest business conglomerate in Nigeria his home country, and Africa. With large investments in Sugar, Flour, Cement, and now Telecoms, the richest black man on earth is one shrewd businessman who lives in the billionaire neighbourhood – Banana Island in Lagos.
Net Worth: $21.6 Billion