Top 10 Richest men in Africa 2020 and their net worth

Africa is blessed with a lot of natural resources and fertile land for agriculture. The wealth of the richest men in Africa is calculated based on their assets and investments across Africa. Nigeria’s Aliko Dangote is the richest man in Africa.

The list is made up of Africans, who reside in Africa and have their primary businesses there. The list has billionaires from Nigeria, Egypt, South Africa and Algeria.

Here is a list of top 10 richest men in Africa and their net worth

1. Aliko Dangote

Aliko Dangote is a Nigerian businessman and the richest man in Africa. He owns Dangote Group, a company that specializes in cement and sugar production. He owns refineries, plants and firms across Africa. Dangote is estimated to worth $10.3billion

2. Nassef Sawiris

Nassef Sawiris is the richest man in Egypt and the second richest man in Africa. Sawiris. Sawiris owns Orascom Construction Industries. Orascom Construction Industries owns OCI, one of the world’s largest nitrogen fertilizer producers and Orascom Construction. He is a share holder in Lafarge Holcim and Adidas. Sawiris is estimated to worth $8billion.

3. Mike Adenuga

Mike Adenuga is a Nigerian businessman. He owns Globacom, one of the leading telecommunications company in Nigeria. He also owns an oil exploration company Conoil. Adenuga is estimated to worth $7.7 billion.

3. Nicky Oppenheimer

Nicky Oppenheimer and family is the richest family in South Africa. Nicky Oppenheimer made his fortune mining diamonds. Till 2012, Nicky Oppenheimer’s firm DeBeers controlled the world’s diamond trade. In 2012, Oppenheimer sold 40% of DeBeers shares to Anglo American for $5.1 billion. He also owns Fireblade Aviation. Oppenheimer is estimated to worth $7.7billion.

5. Johann Rupert

Johann Rupert is a South African businessman and the second richest man in South Africa. The Rupert family owns Swiss luxury goods firm Compagnie Financiere Richemont. The company’s notable brands are Cartier and Montblanc. He also owns 7% shares in Remgro Limited and 25% of Reinet, a Luxembourg based company. Rupert is estimated to worth $6.5billion.

6.Issad Rebrab

Issad Rebrab is the richest man in Algeria. He owns Cevital, the largest privately owned company in Algeria. Cevital owns the largest sugar refinery in the world. Cevital owns French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. Rebrab is estimated to worth $4.4 billion.

7.Mohamed Mansour

Mohammed Mansour is the CEO of Mansour Group, a family conglomerate founded by his father. He owns General Motors which is one of the largest distributors of General Motors across the world as well as caterpillar equipments in Egypt and Africa. Mansour is estimated to worth $3.3 billion

8. Abdulsamad Rabiu

Abdulsamad Rabiu is a Nigerian businessman and the CEO of BUA Group. BUA Group is one of the leading companies in cement and and sugar production in Africa. He owns 98.5% stake of BUA Group. Rabiu is estimated to worth $3.1 billion

9. Naguib Sawiris

Naguib Sawiris is an Egyptian billionaire and a brother to Nassef Sawiris, the richest man in Egypt. He owns Orascom telecommunications. Sawiris in 2011, sold Orascom telecom to Veon, a Russian telecommunications company. He owns Orascom TMT. He is also a shareholder in La Mancha, a family mining company which operate gold mines in Africa and Australia.  He is also a major shareholder of Euronews. He is estimated to worth $3billion

10. Patrice Motsepe

Patrice Motsepe is the richest black in South Africa. He is the CEO of African Rainbow Minerals that specializes in mining of gold and African Rainbow Capital. He was the first black African on Forbes list after becoming a billionaire in 2008. He is the president and owner of Mamelodi Sundowns Football Club. Motsepe is estimated to worth $2.6billion

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