The Richest Man In Africa In 2019 According To Forbes Billionaire List

Richest Man In Africa 2019 According To Forbes Billionaire List

Generating a net worth of 10.3 billion dollars, Aliko Dangote, the Nigerian Billionaire is the richest man in Africa in 2019.

Dangote is the only African in the top 150 richest people in the world in 2019. Mike Adenuga is another prominent Nigerian who made his way into the wealthiest people with a net worth of 9.2 billion dollars.

Some of the top African countries featured in this ranking are Nigeria, South Africa, Egypt, Algeria, Angola, etc.

The table below summarizes it all.

Richest Man In Africa According To 2019 Rankings

RankNameNet WorthSource Of Wealth
#1Aliko Dangote$10.3 billionCement, Sugar, Flour
#2Mike Adenuga$9.2 billionTelecom, Oil
#3Nicky Oppenheimer$7.3 billionDiamonds
#4Nassef Sawiris$6.3 billionConstruction, Chemicals
#5Johann Rupert$5.3 billionLuxury goods
#6Issad Rebrab$3.7 billionFood
#7Naguib Sawiris$2.9 billionTelecom
#8Koos Bekker$2.3 billionMedia, Investments
#9Isabel dos Santos$2.3 billionInvestments
#10Mohamed Mansour$2.3 billionInherited, Self-made
#11Strive Masiyiwa$2.3 billionTelecom
#12Patrice Motsepe$2.3 billionMining
#13Aziz Akhannouch$2.1 billionInherited, Self-made
#14Mohammed Dewji$1.9 billionInherited, Self-made
#15Othman Benjelloun$1.7 billionBanking, Insurance
#16Abdulsamad Rabiu$1.6 billionCement, Sugar, Real Estate
#17Yasseen Mansour$1.5 billionDiversified, Self-made
#18Youssef Mansour$1.2 billionDiversified, Self-made
#19Folorunsho Alakija$1.1 billionOil, Fashion

From the table shown above, one of the richest women in Africa who managed to make in the list is Isabel dos Santos from Angola.

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Richest Man In Africa In 2019 According To Forbes Billionaires Ranking

Now, continue reading. Here are the richest persons in African according to Forbes.

1. Aliko Dangote

The net worth of Aliko Dangote is 10.3 billion dollars.

Source of wealth: Cement, Sugar, Flour.

Dangote is the richest man in Africa today.

Thanks to his mentality and perseverance, Aliko Dangote has become the standard-bearer of the billionaires of Africa.

He has managed to obtain an inheritance of around 10.3 million dollars and being the owner and founder of Dangote Group, the largest cement producer in Sub-Saharan Africa.

Dangote is known to be the type of entrepreneur who reinvests most of his profits in new business. This is a major reason why he has become such a successful business person.

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2. Mike Adenuga

The net worth of Mike Adenuga is 9.2 billion dollars.

Source of wealth: Telecom, Oil.

The Nigerian Businessman Dr. Mike Adenuga is the founder of Globacom Limited. Glo is the second-largest telecommunication operator in Nigeria.

It is also present in several other Africa countries like Ghana, Benin, Senegal, Togo, and Cote d’Ivoire. Dr. Adenuga is also the director of an oil and gas company.

He also explored the banking sector with relative happiness. His bank, Equatorial Trust Bank (ETB) was established in early 1990.

In February of the same year, he obtained his commercial banking license, and on March 1990 he began his operations.

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3. Nicky Oppenheimer

The net worth of Nicky Oppenheimer is 7.3 billion dollars.

Source of wealth: Diamonds.

Nicky lives in Johannesburg and is the richest man in South Africa.

He is a crypto – Jewish businessman from South Africa, president of diamond mining company De Beers and its subsidiary, the Diamond Trading Company.

He also has financial activity in the Anglo American mining company.

In 1999 he joined two of his friends to form Greene and Partners Investments, a venture capital firm that has funded a variety of projects in South Africa and around Africa.

In November 2011, the Oppenheimer family sold its entire 40% share in De Beers to Anglo American.

Nicky and his family control the Tswalu Game Reserve, in the Kalahari, created by his friend Stephen Boler.

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4. Nassef Sawiris

The net worth of Nassef Sawiris is 6.3 billion dollars.

Source of wealth: Construction, Chemicals.

Nassef Sawiris is, currently, the richest man in Egypt. His brother Naguib is also a multimillionaire.

Sawiris divided Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction.

Directs OCI, one of the largest producers of nitrogen fertilizers in the world, with plants in Texas and Iowa; It is listed on the Euronext Amsterdam stock exchange.

Its assets include stakes in the cement giant Lafarge Holcim and Adidas; It belongs to the supervisory board of Adidas.

He is the largest shareholder of Texas Industries. No wonder he is the fourth richest man in Africa in 2019.

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5. Johann Rupert

The net worth of Johnn Rupert is 5.3 billion dollars.

Source of wealth: Luxury goods.

Johann Rupert is president of Swiss luxury goods firm Compagnie Financiere Richemont.

The company is best known for the Cartier and Montblanc brands.

Other brands under its name are L’Ormarins Wine States, Chloe, Dunhill, Rupert & Rothschild, and an exclusive golf club in South Africa.

Currently, he lives in Stellenbosch, South Africa.

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6. Issad Rebrab

The net worth of Issad Rebrab is 3.7 billion dollars.

Source of wealth: Food.

Issad is the founder and CEO of Cevital, the largest private company in Algeria.

Cevital has one of the largest sugar refineries in the world, with a capacity to produce 2 million tons per year.

Cevital owns several European companies, including French appliance manufacturer Groupe Brandt, an Italian steelmaker, and a German water purification company.

He lives in Morocco and is also the wealthiest man in this country. His five children work in Cevital.

7. Naguib Sawiris

The net worth of Naguib Sawiris is 2.9 billion dollars.

Source of wealth: Telecom.

Naguib Sawiris is a descendant of the wealthiest family in Egypt. His brother, Nassef, is the wealthiest man in Egypt.

Naguib is also the second richest person in Egypt.

He made his fortune in Telecom, sold Orascom Telecom in 2011 to Russian telco VimpelCom (now Veon) in a multi-million dollar transaction.

Naguib is chairman of the board of Orascom Telecom Media & Technology.

Its name was changed to Orascom Investment Holding to reflect investments in other sectors.

The family holding, La Mancha, has shares in Evolution Mining, Endeavor Mining, and Golden Star Resources. These companies operate gold mines in Africa and Australia.

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8. Koos Bekker

The net worth of Koos Bekker is 2.3 billion dollars.

Source of wealth: Media, Investments.

Koos Bekker is revered for transforming the South African newspaper Naspers into a multinational of e-commerce and cable television.

He directed Naspers in his investment in Chinese Internet and media giant Tencent in 2001, which is by far the most profitable investment of his bets in other companies.

Naspers has an almost 31 percent share in Tencent, and Bekker serves as a non-executive director of the Chinese company.

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9. Isabel dos Santos

The net worth of Isabel dos Santos is 2.3 billion dollars.

Source of wealth: Investments.

Isabel is the daughter of the former president of Angola, José Eduardo dos Santos, who resigned from his post in 2017.

She was the 74th most powerful woman in the world.

This makes Isabel dos Santos the wealthiest person in Angola.

In June 2016, her father made her the director of Sonangol, Angola’s state oil company, but the new president of Angola withdrew her from that position in November 2017.

Dos Santos owns shares in Portuguese companies, including the cable and telecommunications television company Nos SGPS.

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10. Mohamed Mansour

The net worth of Mohammed Mansour is 2.3 billion dollars.

Source of wealth: Diversified.

Mohamed Mansour oversees the family conglomerate Grupo Mansour, which was founded by his father Loutfy in 1952. His father died in 1976.

Mansour established General Motors dealers in Egypt in 1975 and then became one of the largest GM dealers in the world.

Mansour Group also has sole distribution rights for Caterpillar equipment in Egypt and seven other African countries.

His brothers, Yasseen and Youssef, who have ownership in the family group, are also multi-millionaires. His son Loutfy is the head of the private equity firm Man Capital.

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11. Strive Masiyiwa

The net worth of Strive Masiyiwa is 2.3 billion dollars.

Source of wealth: Telecom.

At the age of 58 years, Masiyiwa is one of the respected and most successful businessmen in Africa.

He resides in London but is a true citizen of Zimbabwe and happily married with 6 children.

Being the 916th richest man in the world and coupled with the strifes he has made in life, Masiyiwa and his family have the less-privileged at heart.

He, therefore, teamed with his precious wife Tsitsi and founded the Higherlife Foundation.

This is aimed to offer support for the orphaned and the poor children in and around Zimbabwe, Lesotho, South Africa, and Burundi.

Mr. Masiyiwa has over 50% shares in the Liquid Telecom company as well as Econet Wireless Zimbabwe, which is part of the broader Econet Group.

For his love for philanthropy, Masiyiwa joined the Bill Gates’, and Warren Buffett’s initiative which was christened Giving Pledge.

Being appointed the co-chair of Grow Africa, which is an African agriculture investment forum, Masiyiwa helped to mobilize more than 15 billion dollars in investment for Africa Agriculture.

No wonder Fortune Magazine named him the 33rd greatest leaders in the World in 2017.

12. Patrice Motsepe

The net worth of Patrice Motsepe is 2.3 billion dollars.

Source of wealth: Mining.

This is another well-known billionaire in South Africa and one of the richest people on the continent.

Motsepe was just a smart entrepreneur. In 1997, when gold prices were very low, he bought gold mines from AngloGold Ashanti in Ghana under flexible financial terms.

Here we are with the African Rainbow Minerals making millions of dollars in return.

Motsepe is a mining mogul and a philanthropist to the core.

Not only was he the first African to sign the Bill Gates’ and Warren Buffett’s Giving Pledge, but he was committed to giving at least half of his wealth to the poor, disadvantaged and marginalized South Africans.

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13. Aziz Akhannouch

The net worth of Aziz Akhannouch is 2.1 billion dollars.

Source of wealth: Inherited/Self-made.

Mr. Aziz is married to Salwa Idrissi with three (3) children. He is a Moroccan citizen and based in Casablanca.

He was fortunate to be appointed by King Mohammed the fourth as an interim Finance Minister in August 2013.

He kept this position till the 9th of October 2013. Mr. Aziz then joined the RNI after he was elected the president of the party on the 29th of October 2016.

He is currently the Minister of agriculture and fisheries in Morocco.

This political mogul was so lucky to have inherited the Akwa Group of companies from his father, and now he is a successful CEO of the company with over 2.1 billion dollars to his name.

In 2016, Akhannouch was featured in the Forbes annual list of worthiest Arabs, and he was ranked 28th on that list.

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14. Mohammed Dewji

The net worth of Mohammed Dewji is 1.9 billion dollars.

Source of wealth: Inherited/Self-made.

Born on the 8th of May 1975, Dewji is one of the most successful businessmen in Tanzania.

Dewji is one of the youngest African billionaires with an estimated net worth of 1.9 billion dollars according to the 2019 Forbes list.

Like Akhannouch, Dewji also inherited the MeTL Group from his father who founded it in the 1970s.

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15. Othman Benjelloun

The Net worth of Othman Benjelloun is 1.7 billion dollars.

Source of wealth: Banking, Insurance.

Othman Benjelloun is a Moroccan and a successful businessman for that matter. The 86 year old business mogul is happily married with two (2) children.

Othman is the CEO of BMCE Bank of Africa, which has a sound presence in over 20 African countries.

Benjelloun is not only successful in the banking sector but also in the area of agriculture.

He co-owns one of the most prominent cattle breeders in Africa called Ranch Adarouch.

Benjelloun and his wife built the many rural schools in Morocco, which earned them the David Rockefeller Bridging Leadership Award in 2016.

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16. Abdulsamad Rabiu

The net worth of Abdulsamad Rabiu is 1.6 billion dollars.

Source of wealth: Cement, Sugar, Real Estate.

Rabiu is a 59-year-old Nigerian billionaire.

He is the founder of the prestigious BUA Group which is prominent in the cement production, real estate, and sugar refining.

The BUA Group accounts for about 10-15% of the cement market in Nigeria.

In 2015, Rabiu was ranked the 23rd richest person in Africa. Since then, Rabiu was off the ranking radar until this year, 2019, when he accumulated a net worth of $1.6 billion.

This made him the 16th richest man in Africa and the 3rd in Nigeria.

In the area of philanthropy, Abdulsamad Rabiu launched the BUA Foundation.

One key achievement of this foundation is the construction of the Center For Islamic Studies as well as the 220-bed capacity specialist hospital in Kano.

17. Yasseen Mansour

The net worth of Yasseen Mansour is 1.5 billion dollars.

Source of wealth: Diversified, Self-made.

As a shareholder of the Mansour Group, Yasseen is one of the top richest man in Africa. He is also the chairman of Egypt’s most prominent and renowned real estate company called Palm Hills Development.

Mansour is 58 years old, married with four (4) children, and living in Cairo, Egypt.

His brothers Youssef Mansour and Mohammed Mansour are both Egyptian billionaires who have been recognized by the Forbes Billionaires list.

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18. Youssef Mansour

The net worth of Youssef Mansour is 1.2 billion dollars.

Source of wealth: Diversifies, Self-made.

As the chairman of the family-owned conglomerate Mansour Group, Youssef Mansour is one of the richest men in Africa in 2019.

Youssef is a 74-year-old Egyptian billionaire and happily married with 5 children. Holding Master of Business Administration and Bachelor of Science in Engineering, Youssef Mansour is a proud pioneer of the American Chamber of Commerce in Egypt.

As though he has billionaire DNA running through his family, Youssef and his two (2) other brothers: Mohammed and Yassen Mansour are all featured in the Forbes list of richest men in Africa in 2019.

19. Folorunsho Alakija

The net worth of Folorunsho Alakija is 1.1 billion dollars.

Source of wealth: Oil, Fashion

Folorunsho Alakija is a 68-year old renowned Nigerian billionaire businesswoman. Folorunsho Alakija was born on July 15, 1951, in Ikorodu, Nigeria and married with 4 children.

She is one of the respected and wealthiest women in Africa and involved in real estate, printing, oil, and fashion business.

Folorunsho is the vice-chair of the Nigerian oil company called Famfa Oil which is projected to operate through 2024. Folorunsho was ranked 80th in the 2016 Power Women.

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