Top 10 Richest Men in Africa and Net Worth 2020

Top 10 Richest Men in Africa and Net Worth 2020

Top 10 Richest Men in Africa – Africa is the world’s second largest and second most-populous continent, being behind Asia in both categories. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth’s total surface area and 20% of its land area. With 1.2 billion people as of 2016, it accounts for about 16% of the world’s human population.

Meanwhile, every year Forbes presents its ranking of the wealthiest people on our planet. It is always interesting to check the top 10 richest man in Africa, especially if the number 1 on this selection is our countryman.

Below are some of the thing that kept them going, they are strong willed, this men are very focus, they thoroughly know what there needed, they have strong business plan, they aim big.

Who is the richest man in Africa?

Mike Adenuga

REAL TIME NET WORTH : $13.1 Billion

2020 AFRICA’S BILLIONAIRES NET WORTH

Adenuga, Nigeria’s richest man and Africa, 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 6 oil blocks in the Niger Delta.

Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver.

He made his first million at age 26 selling lace and distributing soft drinks.

Top 10 Richest Men in Africa and Net Worth 2020

List of Top 10 Richest Men in Africa and Net Worth 2020

2. Aliko Dangote – $10.3 B

 

Top 10 Richest Men in Africa and Net Worth 2020

Aliko Dangote GCON (born 10 April 1957) is a Nigerian business magnate, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries.

Dangote is ranked by Forbes magazine as the 100th-richest person in the world and the richest in Africa, and peaked on the list as the 23rd-richest person in the world in 2014.

Related : Top 10 Richest Musicians in Nigeria and Net Worth 2020

He surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over $2.6 billion to become the world’s richest person of African descent.

Mr. Dangote is the founder of Dangote Cement and Dangote Group. Producing more than 40 million metric tons of cement per year, this company has big plans for 2019.

Besides cement production, this wealthy businessman also makes money from flour, salt, and sugar production. Dangote is currently constructing an integrated refinery and petrochemical complex in the Lekki Free Zone near Lagos, Nigeria.

1. Mike Adenuga – $13.2 B

Top 10 Richest Men in Africa and Net Worth 2020

Michael Adeniyi Agbolade Ishola Adenuga Jr, GCON (born 29 April 1953) is a Nigerian billionaire businessman, and the second-richest person in Nigeria and Africa.

His company Globacom is Nigeria’s second-largest telecom operator, and has a presence in all Africa countries and the world in general.

Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver.

He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company).

He made his first million at age 26 selling lace and distributing soft drinks.

3. Nicky Oppenheimer – $7.3 B

Top 10 Richest Men in Africa and Net Worth 2020

Nicholas F. Oppenheimer (born 8 June 1945) is a South African billionaire businessman and philanthropist.

He was formerly the chairman of De Beers diamond mining company and of its subsidiary, the Diamond Trading Company, and former deputy chairman of Anglo American. He is the third richest African.

Oppenheimer, 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.

In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights with its fleet of 3 planes and 2 helicopters.

He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.

4. Nassef Sawiris – $6.3 B

Top 10 Richest Men in Africa and Net Worth 2020

Nassef Onsi Sawiris (Egyptian Arabic: ناصف أنسى ساويرس‎; born in 1961) is an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons (his brothers are Naguib and Samih).

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.

Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai.

His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas.

5. Johann Rupert – $5.3 B

Top 10 Richest Men in Africa and Net Worth 2020

Johann Peter Rupert (born 1 June 1950) is a South African-born entrepreneur, who is the eldest son of business tycoon Anton Rupert and his wife Huberte.

He is the chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro. As of 1 April 2010, he assumed the CEO position of Compagnie Financiere Richemont.

The company is best known for the 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 formed in the 1940s.

He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding co. based in Luxembourg.

In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land.

6. Issad Rebrab – $3.7 B

Issad Rebrab (born 1944), is an Algerian billionaire businessman, CEO of the Cevital industrial group, the largest private company in Algeria, active in steel, food, agribusiness and electronics.

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

Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company.

Rebrab has plans to build a steel mill in Brazil to produce train tracks and improve transportation logistics for sugar, corn and soy flour exports.

His five children work at Cevital.

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