He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. Dangote’s grandfather was a successful trader of rice and oats in Kano, Nigeria’s second-largest city. Rupert says his biggest regret was not buying half of Gucci when he had the opportunity to do so for just $175 million. A spokesman for the Nigerian Stock Exchange said that BUA Cement meets the second requirement. See the full list of Africa’s billionaires here. Net worth: $1.3 billionRank in 2020: 17Net worth in 2020: $1.4 billionOrigin of wealth: Banking, insuranceIndustry: Finance and investmentsAge: 88Education: Ecole Polytechnique de Lausanne, Diploma. The bank, which trades on the Johannesburg Stock Exchange, targets South Africa’s emerging middle class. Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. For the eighth year in an exceeding row, Aliko Dangote of Nigeria is Africa’s richest person. Net worth: $2.5 billionRank in 2020: 7Net worth in 2020: $3.3 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 72Country: EgyptResidence: CairoEducation: Auburn University, Master of Business Administration. Net worth: $12.1 billionRank in 2020: 1Net worth in 2020: $10.1 billionSelf-madeOrigin of wealth: Cement, sugarIndustry: ManufacturingAge: 63Country: NigeriaResidence: LagosEducation: Al-Azhar University, Bachelor of Arts/Science. His brother Nassef is also a billionaire. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. While some got richer by the billions, two from the 2020 list of Africa’s richest dropped below the $1 billion mark. He set up his own business in 1988 importing iron, steel and chemicals. Aliko Dangote has been the richest man in Africa for nine years in a row, with a net worth of more than $12.6 billion as at 2021. Kindly leave your comments below if you think otherwise as regards Dangote’s net worth for 2021. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. Motsepe also has a stake in Sanlam and is the president and … The majority of Dangote’s fortune comes from Dangote Cement, which produces 45.6 million metric tons of cement every year and operates in 10 African countries. Report security issues email us at security@forbesafrica.com. Source of wealth: Bekker is the chairman of Naspers, a media group that operates in over 100 countries. Net worth: $1.5 billionRank in 2020: 14Net worth in 2020: $1.9 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 75Country: EgyptResidence: CairoEducation: Auburn University, Master of Business Administration; North Carolina State University, Bachelor of Science in Engineering. The Forbes Billionaires’ List: Africa’s Richest People 2021. Cevital helped finance a biopic on Algerian resistance hero Larbi Ben M’hidi, who was executed by the French in 1957. “We [Algerians] have great potential; we can make up for lost time.”, Net worth: $3.2 billionRank in 2020: 9Net worth in 2020: $3 billionOrigin of wealth: TelecomIndustry: TelecomAge: 66Country: EgyptResidence: CairoEducation: Swiss Federal Polytechnical Institute, Master of Science; Swiss Federal Polytechnical Institute, Bachelor of Arts/Science. In January 2020, the attorney general of Angola charged Dos Santos with embezzlement and money laundering. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun built it into a leading insurer. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. Our list tracks the wealth of African billionaires who reside in Africa or have their primary business there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen and billionaire London resident Mohamed Al-Fayed, an Egyptian citizen. His Babylonstoren estate, nearly 600 acres in South Africa’s Western Cape region, features architecture dating back to 1690, a farm, orchard and vineyard and more. The company is best known for the brands Cartier and Montblanc. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. How Did Aliko Dangote Become the Richest Person in Africa? He denies any wrongdoing. He owns 85% of publicly-traded Dangote Cement through a holding company. Mansour worked as a busboy in a pizza parlor while at North Carolina State University to pay for college. Nassef Sawiris Nassef Sawiris is an investor and a scion of Egypt’s wealthiest family. Dangote Refinery has been under construction since 2016 and is expected to be one of the world’s largest oil refineries once complete. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. Together with his family, he was estimated to be worth. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. He denies any wrongdoing. Topping the list is, as expected, the president of Dangote group of companies. In 1997, he bought low-producing gold mine shafts and later turned them profitable. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews. 1.Aliko Dangote Nigeria’s Aliko Dangote is the richest man in Africa. He left ZPTC to start an engineering services firm, then sold it and founded Econet Wireless Zimbabwe, but had to battle the government in court for years. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. (Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa.) Oppenheimer, heir to his family’s fortune, sold his 40% stake in diamond firm De Beers to mining group Anglo American for $5.1 billion in cash in 2012. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. Abdulsamad Rabiu net worth as at 2021 is $5.4B. Networth: $2.8 billionRank in 2020: 11Net worth in 2020: $2.5 billionSelf-madeOrigin of wealth: Media, investmentsIndustry: Media and entertainmentAge: 68Country: South AfricaResidence: Cape TownEducation: Columbia Business School, Master of Business Administration; University of Witwatersrand, LLB. He served as Egypt’s Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Net worth: $1.2 billionRank in 2020: 18Net worth in 2020: $1.3 billionSelf-madeOrigin of wealth: BankingIndustry: Finance and investmentsAge: 71Country: South AfricaResidence: Stellenbosch. His brother Nassef is also a billionaire. Nassef Sawiris is an investor and a scion of Egypt’s wealthiest family. Together with his family, he was estimated to be worth $7.2 billion as at January 2021, and was ranked as the second wealthiest person in South Africa and the fourth richest in Africa on the Forbes Africa’s Rich List for 2021. For Career, I'm an online education instructor, digital marketer, content creator that love sharing meaningful information. Dewji, Tanzania’s only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. 2. He has a net worth of 11.7 billion U.S. dollars and ranks 183 worldwide. Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Nassef Sawiris. It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for three years. (Forbes discounts the value of stakes when the public float of a company is less than 5%. Forbes Richest Men in Africa Join me as I count down the 15 wealthiest men in the continent of Africa in 2020 according to Forbes in 2020. His net worth is estimated at $7.3 billion, down from $7.7 billion a year ago. He came from a wealthy family that... 2. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. How To Apply For Australian Catholic University Scholarship, 2021. At number three: Nicky Oppenheimer of South Africa, who inherited a stake in diamond firm DeBeers and ran the company until 2012, when he sold his family’s 40% stake in DeBeers to mining giant AngloAmerican for $5.1 billion. He’s chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. All Rights Reserved, How Africa’s Richest Woman, Isabel dos Santos, Went Broke: The Unmaking Of A Billionaire. Net worth: $1.1 billionRank in 2020: 12Net worth in 2020: $2.3 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 59Country: EgyptResidence: CairoEducation: George Washington University. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for L’Oreal in Egypt. Dangote’s fortune is primarily built from his company, Dangote Cement, although he started his business empire by selling commodities such as sugar, salt, and flour. METL operates in at least six African countries and has ambitions to expand to several more. In 2012, he sold his share in the diamond firm DeBeers for $5.1 billion. Topping the list is Aliko Dangote, owner of West Africa's largest conglomerate, with a $17.8 billion net worth. Aliko Dangote, Africa’s richest person, founded and chairs Dangote Cement, the continent’s largest cement producer. There was no significant difference in the positions as most of this Africa rich moguls still held their position on the rich list but there was a magnificent drop and rise in some net worth. We know you would be interested in knowing the ranking of these big men. Dangote is a Nigerian enterprise tycoon and philanthropist. Who Is the Richest Black Person in the World? His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. His brother Naguib is also a billionaire. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. Here is a list of the top 10 richest man in Africa 2021 and their net worth and source of income. Read More: How Africa’s Richest Woman, Isabel dos Santos, Went Broke: The Unmaking Of A Billionaire. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. The group also owns the ship BUA Cement 1, a 200-meter long vessel designed for heavy loads. Mike Adenuga’s real time net worth as at 2021 $6.3billion according to Forbes. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. A few years ago he emerged as the Richest in Africa and since he maintains the top spot. Sawiris helped found The Free Egyptians, a liberal political party, at the onset of Egypt’s uprisings in 2011. Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. Isabel dos Santos Net worth 2021 – $2 billion. Naguib Sawiris is a scion of Egypt’s wealthiest family. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. A spokesman for the Nigerian Stock Exchange told Forbes that BUA Cement meets the second requirement. Michiel Le Roux whose full name is Michiel Scholtz du Pre Le Roux is from South Africa and has found his way into Forbe’s January 2021 list of richest people in Africa following his outstanding accomplishment in the banking sector. Corruption Allegation: International Container Terminal Services Not Affiliated To Africa's Richest Man The International Container Terminal Services Inc has denied that it is owned or has affiliation with Africa's richest man, Aliko Dangote. Issad Rebrab is the founder and CEO of Cevital, Algeria’s biggest privately-held company. Pioneering Local NGO Appliance Bank, Joins Ambitious International E-Waste Recycling Initiative In order to tackle South Africa’s rising e-waste challenge, Strive Masiyiwa, a citizen of Zimbabwe and a London resident appears on the list due to his telecom holdings in Africa. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. The 18 billionaires from Africa hail from seven different countries. He owns Dangote Cement, the continent’s largest cement producing company. 3. Net worth: $5.5 billionRank in 2020: 8Net worth in 2020: $3.1 billionOrigin of wealth: Cement, sugarIndustry: DiversifiedAge: 60Country: NigeriaResidence: Lagos. 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. The company is best known for the brands Cartier and Montblanc. By David Dawkins, Ariel Shapiro, Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A. Dolan. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Dewji, who is known as Mo (short for Mohammed), launched Mo Cola several years ago to compete with Coca-Cola. The richest men in Ghana have a relatively low income when compared to other countries like Nigeria and South Africa. He was again named Africa’s richest person for the year 2021, making it a decade of his reign as number one for top 10 richest man in Africa 2021 continent’s elite. He came from a wealthy family that was able to provide financial assistance to start his business. In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. Rebrab is the son of militants who fought for Algeria’s independence from France. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights with its fleet of three planes and two helicopters. 4. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. Nicky Oppenheimer & family. The Angolan court claimed that actions taken by Dos Santos, her husband Sindika Dokolo (who died in October 2020, reportedly in a scuba diving accident) and one other associate caused the Angolan government losses of at least $1.14 billion. Forbes has marked Dos Santos’ frozen assets at zero. © 2021 .css-1hiug2l{transition-property:background-color,border-color,color,fill,stroke,opacity,box-shadow,transform;transition-timing-function:cubic-bezier(0.4, 0, 0.2, 1);transition-duration:500ms;-webkit-text-decoration:none;text-decoration:none;--tw-text-opacity:1;color:rgba(112, 112, 112, var(--tw-text-opacity));}.css-1hiug2l:hover{--tw-text-opacity:1;color:rgba(0, 0, 0, var(--tw-text-opacity));}Forbes Africa. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. Mansour is a founding member of the American Egyptian Chamber of Commerce. Richest Man in South Africa 2021 32 Patrice Tlhopane Motsepe is a South African mining billionaire businessman of Tswana descent. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. Benefits of Online Presence For Your Small …, Best and Registered Home Medical Care Services Agency …, Why Exams or Test Doesn’t Measure Students …, Heidelberg University Amirana Scholarships in Germany 2021, University of Calabria Master’s Awards in Chemistry, …, Fast and Cheap Data Plan In Nigeria (Airtel, MTN , …. Top 20 Richest People in Africa 2021 48 Aliko Dangote, Africa’s richest person, founded and chairs Dangote Cement, the continent’s largest cement producer. Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for 3 years. Founder and chairman of African Rainbow Minerals, Patrice Motsepe, also launched a new private equity firm focused on investing in Africa, Africa Rainbow Capital. Among these men, ten of them – specifically, those with the highest valuation of their wealth and substance – have been chosen and listed in this article in descending order of their net worth. Let’s explore how rich they are & what their net worth is, and business they do! Koos Bekker is revered for transforming South African newspaper publisher Naspers into an ecommerce investor and cable TV powerhouse. Net worth: $6.3 billionRank in 2020: 3Net worth in 2020: $7.7 billionSelf-madeOrigin of wealth: Telecom, oilIndustry: DiversifiedAge: 67Country: NigeriaResidence: LagosEducation: Pace University, Master of Business Administration. 28th April 2021. For Career, I’m an online education instructor, digital marketer, content creator that love sharing meaningful information. Adenuga  is the #5 Africa’s Billionaires richest man for 2021. 6. Dangote primarily produces cement, oil, and other commodities such as sugar. Issad Rebrab is an Algerian businessman who has a net worth of $4.8 billion in this 2021. Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. South Africa’s richest man, Nicky Oppenheimer inherited his family’s fortune. Sign up here. Aliko Dangote For the ninth time in a row, Aliko Dangote was named the richest man in Africa in 2021, with an estimated net worth of $10.9 billion. ”The richest people in Africa are the government officials but in America I know beeches on only fans that makes way more than Joe Biden”. Rabiu, the son of a businessman, inherited land from his father. Remarkably, shares of his BUA Cement PLC, which listed on the Nigeria Stock Exchange in January 2020, have doubled in value in the past year.