Africa’s Billionaires: List of Top 18 richest people in Africa emerge; no Ghanaian listed

Three Egyptian brothers are among the richest people on the continent Top on the list is Nigeria's Aliko Dangote, with a networth of $ 12.1 billion Nigerian cement tycoon, Abdulsamad Rabiu, was the top gainer in 2021 after shares of his BUA Cement PLC listed on the Nigerian.

Stock Exchange doubled in value Tanzanian Mohammed Dewji was the only East African on the list American business magazine Forbes recently released the list of the richest people in Africa.

According to the report, the top 18 richest people in the continent have an average networth of $4.1 billion (KSh 446.5 billion). Nigeria's Aliko Dangote tops the list of the wealthiest Africans for the tenth year in a row thanks to a 30% increase in the share price of his Dangote Cement Company.

Egyptian Nassef Sawiris, who controls a 6% stake in sportswear, Adidas, emerged second, while Nicky Oppenheimer of South Africa was ranked third.

Top gainer Nigerian cement tycoon, Abdulsamad Rabiu, was the top gainer in 2021 after shares of his BUA Cement PLC listed on the Nigerian Stock Exchange doubled in value. Full list of 18 richest people in Africa and their sources of income 

1. Aliko Dangote: The Nigerian billionaire business magnate is the wealthiest person in Africa, with an estimated net worth of $ 12.1 billion. His main source of income comes from cement and sugar sales. Dangote's wealth rose by $ 2 billion in 2020 after a 30% increase in the share price of his cement company. 

2. Nassef Sawiris: The Egyptian rakes in billions from construction and investments in diverse sectors. The 60-year-old is the youngest of Onsi Sawiris' three sons. As of May 2021, his net worth was estimated to be $9.2 billion, an increase from $ 8.5 billion in January. In 2021, he was considered to be the richest Arab as well as the second richest African.

3. Nicky Oppenheimer: With a net worth of $8.1 billion, Oppenheimer is the richest South African and third in the continent. He previously served as the chairman of De Beers diamond mining company and its Diamond Trading Company subsidiary. In 2012, however, he sold his family's 40% stake to mining giant AngloAmerican for $5 billion.

4. Johann Rupert: The 71-year-old South African is among the richest men in Africa. His source of income is mainly luxury goods. He serves as the chairman of the Swiss-based luxury goods company Richemont and the South Africa-based company Remgro. Rupert's wealth is estimated at $7.2 billion. 

5. Mike Adenuga: The Nigerian billionaire owns Globacom, the West African country's second-largest telecom operator, which has a presence in Ghana and Benin. His fortunes also originate from the multi-billion oil sector. His net worth is estimated at $6.2 billion. 

6. Abdul Samad Rabiu Abdul Samad: is a Nigerian billionaire businessman and philanthropist.

His late father, Khalifah Isyaku Rabiu, was one of Nigeria's foremost industrialists in the 1970s and 1980s. He earns money from cement and sugar sales. His net worth is estimated at $5.5 billion. 

7. Issad Rebrab: The Algerian billionaire businessman is the chief executive officer of the Cevital industrial group, the largest private company in Algeria, active in steel, food, agribusiness and electronics. His net worth is approximately $4.8 billion. 

8. Naguib Sawiris Naguib: is the elder brother of Nassef Sawiris. The 67-year-old is the chairman of Weather Investments' parent company and chairman and CEO of Orascom Telecom Holding. As of April 2021, his net worth was valued at $3.5 billion.

9. Patrice Motsepe Motsepe: is a South African mining billionaire businessman with a net worth of $3 billion. He is the founder and executive chairman of African Rainbow Minerals, which deals in gold, ferrous metals, base metals, and platinum.

10. Koos Bekker Bekker's: investments in the media industry in South Africa has propelled him to the top 10 richest Africans. He is the chairman of the media group Naspers and has a net worth of $2.8 billion. 

11. Mohamed Mansour: The Egyptian is the chairman of Mansour Group, a $6 billion conglomerate that is the second-largest company in Egypt by revenue.

The Mansour Group is the largest general motors dealer globally and the fifth-largest distributor of Caterpillar Inc. products globally. His wealth is valued at $2.5 billion. 

12. Aziz Akhanouch: The Moroccan businessman who currently heads the agriculture ministry has a net worth of $2 billion. The 60-year-old is the CEO of Akwa Group, a Moroccan conglomerate active in the oil and gas sectors. 

13. Mohammed Dewji Dewji: 46, who hails from Tanzania, is ranked as the richest East African with a net worth of $1.6 billion. His sources of income are diversified.


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