Top 5 richest businessmen in Africa and their net worth

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Top 5 richest businessmen in Africa and their net worth
Top 5 richest businessmen in Africa and their net worth

Top 5 richest businessmen in Africa and their net worth

When it comes to wealth, the African continent is blessed to have people worth billions. The total number of billionaires on the continent is worth $73.8 billion.

Every year, Forbes, an American business magazine compiles and publishes a list of the Richest Africans.

In 2021, the wealth of African billionaires increased despite the effect of the pandemic on many businesses. According to the list published by Forbes, 18 of Africa’s richest individuals had a net worth of $84.9 billion at the end of 2021, which means 15 percent or $4.7 billion more than their combined net worth of $73.8 billion at the end of 2020.

Currently, this is the net worth of some of these rich folks.

1 . Firstly, Aliko Dangote

  • Net worth: $14.9 billion
  • Source of wealth: cement, sugar, flour
  • Nationality: Nigerian
Aliko Dangote - Richest Man In Nigeria
Aliko Dangote – Richest Man In Nigeria

Aliko Dangote is a Nigerian businessman. He is the founder of the Dangote group. This conglomerate deals in the production of sugar, flour, and cement. The Dangote cement is the largest producer of cement on the continent. The factory produces 45.6 million metric tons and operates in 10 countries in Africa. He has been the number 1 for eleven years in a row.

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2 . Secondly, Nicky Oppenheimer

  • Net worth: $8.6 billion
  • Source of wealth: Diamonds
  • Nationality: South African
NICKY OPPENHEIMER
NICKY OPPENHEIMER

Nicky Oppenheimer is South Africa’s richest man with an estimated net worth of 8.6 billion dollars. He is the third generation of his family to run the De Beers company.  He managed the firm from 2001 to 2014. In 2012, he staked 40% of the firm to Anglo American, a mining company for $5.1 billion. Oppenheim also owns lands across South Africa and Zimbabwe. He owns Fireblade Aviation which is a flight company.

3 . Also, Johann Rupert

  • Net worth:$ 7.5 billion
  • Source of wealth: Fashion and retail
  • Nationality: South African

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Johann Rupert is a South African business mogul. He is the one who chairs the Swiss Luxury Goods firm, Compagnie Financiere Richemont which is responsible for the brands Cartier and Montblanc. The billionaire saw his wealth rise as shares from his company also increased.

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4 . Another on the list is Nassef Swariri

  • Net worth:$7.1 billion
  • Source of wealth: Construction and Chemicals
  • Nationality: Egyptian

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Nassef Swariri is the heir of Egypt’s wealthiest family. He runs one of the world’s largest producers of nitrogen and has plants in Texas and Iowa. He is also a stakeholder of Lafarge Holcim a world-leading cement manufacturer and Adidas.

5 . Lastly, Mike Adenuga

  • Net worth:$ 6.3 billion
  • Source of wealth: Oil and Telecom
  • Nationality: Nigerian

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Adenuga is Nigeria’s second richest and built his wealth from the telecom and oil industry. His network services Globacom is the third-largest in Nigeria.

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