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Top 10 richest men in Africa

Top 10 richest men in Africa

Here is that the list of the highest ten richest men in Africa

The list below solely shows list of African based mostly} made men thus folks like Elon musk (world richest man) aren’t enclosed as a result of they’re not running a African based business

 

10. Naguib Sawiris Networth $3b

 

Naguib Sawiris could be a descendent of Egypt’s wealthiest family. His brother Nassef is additionally a wealthy person.

He designed a fortune in telecommunication, mercantilism Orascom telecommunication in 2011 to Russian telecommunication firm VimpelCom (now Veon) in an exceedingly multibillion-dollar dealing.

He’s chairman of Orascom TMT Investments, that has stakes in Associate in Nursing quality manager in Egypt and Italian net company Italiaonline, among others.

Through his Media Globe Holdings, Sawiris owns half of one mile of pan-European pay TV and video news network Euronews.

He conjointly developed a luxury resort known as Silversands on the island of state.

 

9. Abdulsamad Rabiu Networth $3.1b

 


Abdulsamad Rabiu is that the founding father of BUA cluster, a Nigerian conglomerate active in cement production, sugar refinement and assets.

In early Jan 2020, Rabiu integrated his privately-owned Obu Cement company with listed firm Cement Co. of Northern African nation, that he controlled.

The combined firm, known as BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns ninety eight.5% of it.

Rabiu, the son of a bourgeois, familial land from his father.

He discovered his own business in 1988 commercialism iron, steel and chemicals.

 

8. Mohamed Mansour Networth $3.3b

Mohamed Mansour oversees family conglomerate Mansour cluster, that was supported by his father Loutfy (D.1976) in 1952 and has sixty,000 staff.

Mansour established General Motors dealerships in Egypt in 1975, later changing into one among GM’s biggest distributors worldwide.

Mansour cluster conjointly has exclusive distribution rights for Caterpillar instrumentality in Egypt and 7 alternative African countries.

He served as Egypt’s Minister of Transportation from 2006 to 2009 below the statesman regime.

His brothers Yasseen and Youssef, WHO share possession within the family cluster, are billionaires; his son Loutfy heads non-public equity arm Man Capital.

 

7. Issad Rebrab Networth $4.4b

Issad Rebrab is that the founder and business executive of Cevital, Algeria’s biggest privately-held company.

Cevital owns one among the biggest sugar refineries within the world, with the capability to provide two million tons a year.

Cevital owns European firms, together with French home appliances maker Groupe statesman, Associate in Nursing Italian steel plant and a German water purification company.

After serving eight months in jail on charges of corruption, Rebrab was free on Jan one, 2020. He denies any wrongdoing.

 

6. Ivan Glasenberg Networth $6.3b

Ivan Glasenberg holds the biggest individual stake in Glencore, the world’s biggest goods merchant.

Glasenberg has been business executive of Glencore since 2002 and declared in Gregorian calendar month 2018 that he plans to search out a successor by the time he’s sixty five.

After earning his MBA from the USC, Glasenberg started operating as a vender within the coal department of brandy made Co. in his native African country.

The company became Glencore in 1994 and went public in 2011.

5. Johann Prince Rupert Networth $6.6b

Johann Prince Rupert is chairman of Swiss luxury merchandise firm Compagnie Financiere Richemont.

The company is best glorious for the brands navigator and Montblanc.

It was shaped in 1998 through a derivative of assets owned by Rembrandt Harmensz van Rijn cluster restricted (now Remgro Limited), that his father Anton shaped within the Forties.

He owns a seven-membered stake in distributed nondepository financial institution Remgro, that he chairs, in addition as twenty fifth of Reinet, Associate in Nursing investment holding co. based mostly in Luxembourg.

In recent years, Prince Rupert has been a vocal opponent of plans to permit fracking within the Karoo, a part of African country wherever he owns land.

 

4. Nicky Oppenheimer Networth $7.7b

Nicky Oppenheimer  heir to his family’s fortune, oversubscribed his four-hundredth stake in diamond firm DeBeers to mining cluster Anglo yank for $5.1 billion in profit 2012.

He was the third generation of his family to run DeBeers, and took the corporate non-public in 2001.

For eighty five years till 2012, the Oppenheimer family occupied a dominant spot within the world’s diamond trade.

In 2014, Oppenheimer started Fireblade Aviation in city, that operates leased flights with its fleet of three planes and a pair of helicopters.

He owns a minimum of 720 sq. miles of conservation land across African country, Republic of Botswana and Republic of Zimbabwe.

 

3. electro-acoustic transducer Adenuga Networth $7.7b

Mike Adenuga, Nigeria’s second richest man, designed his fortune in telecommunication and drilling.

His transportable network, Globacom, is that the third largest operator in Nigeria, with fifty five million subscribers.

His oil exploration outfit, Conoil manufacturing, operates six oil blocks within the Niger Delta.

Adenuga got Associate in Nursing MBA at Pace University in ny, supporting himself as a student by operating as a taxi driver.

He created his 1st million at age twenty six mercantilism lace and distributing soft drinks.

 

2. Nassef Sawiris Networth $8.8b

Nassef Sawiris the richest man in Egypt is Associate in Nursing capitalist and a descendent of Egypt’s wealthiest family. His most useful quality could be a nearly 6 June 1944 stake in garb maker Adidas.

In Gregorian calendar month 2020, he noninheritable a five-hitter stake in New York-listed firm Madison sq. Garden Sports, owner of the NBA Knicks and therefore the NHL Rangers groups.

He runs OCI, one among the world’s largest element chemical producers, with plants in Texas and Iowa; it trades on the Euronext Dutch capital exchange.

Orascom Construction, Associate in Nursing engineering and building firm, trades on the Cairo exchange and data system metropolis.

His holdings embrace stakes in cement big Lafarge Holcim and Adidas; he sits on the higher-up board of Adidas.

 

1. Aliko Dangote Networth $11.5b

Aliko Dangote, The richest man in African nation and whole of Africa, supported and chairs Dangote Cement, the continent’s largest cement producer.

He owns eighty fifth of publicly-traded Dangote Cement through a company.

Dangote Cement produces forty five.6 million metric tons annually and has operations in ten countries across Africa.

Dangote conjointly owns stakes in publicly-traded salt and sugar producing firms.

Dangote industrial plant has been below construction since 2016 and is predicted to be one among the world’s largest oil refineries once complete.

 

 

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