The richest billionaires In Africa

The richest billionaires In Africa 2020, Africa’s billionaires are as a group richer than a year ago. Altogether, the continent’s 20 billionaires are worth a combined $73.4 billion, up from $68.7 billion a year ago.

The richest Africans have become considerably wealthier this year, despite the Covid-19 crisis. We take a look at the trajectory of the continent’s biggest fortunes.

 

The richest billionaires In Africa

 

5. Johann Rupert

Johann Rupert
Johann Rupert

Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. The company is best known for its brands Cartier and Montblanc. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton developed in the 1940s. He holds a 7% stake in diversified investment firm Remgro, which he chairs and 25% of Reinet, an investment holding co.

Net worth: $6.5 billion
Origin of wealth: Luxury goods
Age: 69
Country: South Africa
Residence: Cape Town

 

4. Nicky Oppenheimer

Nicky Oppenheimer
Nicky Oppenheimer

Oppenheimer, an heir to his family’s fortune, sold his 40% stake in diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash in 2012. He was the third generation of his family to run DeBeers and took the company private in 2001. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade.

Net worth: $7.7 billion
Origin of wealth: Diamonds
Age: 74
Country: South Africa
Residence: Johannesburg

 

3. Mike Adenuga

mike Adenuga
mike Adenuga

Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the third-largest operator in Nigeria, with 43 million subscribers. His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. Adenuga got an MBA at Pace University in New York, supporting himself as a student working as a taxi driver.

Net worth: $7.7 billion
Origin of wealth: Telecom, oil
Age: 66
Country: Nigeria
Residence: Lagos

 

2. Nassef Sawiris

Nassef Sawiris
Nassef Sawiris

Nassef Sawiris is a scion of Egypt’s wealthiest family. His brother Naguib is also a billionaire. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. 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.

Net worth: $8 billion
Origin of wealth: Construction, chemicals
Age: 58
Country: Egypt
Residence: Cairo

 

1.Aliko Dangote

Aliko Dangote
Aliko Dangote

Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. He owns nearly 85% of publicly-traded Dangote Cement through a holding company. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies. Dangote is The Richest Person In Africa 2020

Net worth: $10.1 billion
Origin of wealth: Cement, sugar
Age: 62
Country: Nigeria
Residence: Lagos

 

The Richest Person In Africa 2020 Source: | Forbes