10 Self Made African Billionaires You Need to Watch


Many people are born rich with lavish trust funds and extensive investments and inheritance already laid for them by related predecessors. However, only a few Africans have been successful in meeting the odds and truly finding out the quest behind getting rich beyond reach. And these are non-other than the self-made African billionaires. As a sequel to our previously published article titled: Top 10 Self Made Millionaires in Africa, we’re bringing you another list of movers and shakers in African businesses, a comprehensive list of Self made billionaires in Africa, hopefully, you’ll find it both interesting and informative. We’ve included a few upcoming African multi millionaires in USD worth mentioning that have made billions in their local currencies

See Also List of Richest People in Africa

1. Ashish Thakkar

Ashish Thakkar - African Billionaires

After  youngest self-made African billionaire was revealed by an African Business Newspaper, the 31-year old Ashish Thakkar had little to say. His words were “when you resolve to start doing something from nothing, it builds up your confidence”. Ashish was born in UK to an Indian family that later moved to Uganda and later to Rwanda where they began a business. Learning from the failures and successes of his parents, this young self-made billionaire ironically “unfortunately’’ dropped school at the age of 15 and began selling computer hardware from Dubai to Uganda. This is what would propel him to secure national and international entrepreneurial information and experience, he later built it up keenly hence awarding himself the title “Youngest African Billionaire’’. Ashish J. Thakkar has a personal net worth of over $250 million, or R2.2 billion, making him a billionaire by South African Rand values today.

2. Ethiopian Al Amoudi


Ethiopian Al Amoudi has dealt with both recessions and good economic times to become a business mastermind. However, his wealth has been growing increasingly despite challenging economic downturns and is currently one Africa’s richest people. Mohammed Al Amoudi having taken roots from a humble background, he has been able to rise through the ranks and currently holds a 10-billion net worth, oil-sourced at the age of 68

See Also: 10 Wealthiest Women in Africa

3. Patrick Shoo – Shiong


South-African Patrick Shoo-Shiong has a degree in Bachelor of Arts Science and he has pursued it to secure an awarding medical career. Concentrating purely in generic drugs, Shoo-Shiong has enjoyed a great fortune and at the age of 58, his wealth has accumulated to a whopping net worth of 9 billion dollars according to Forbes.

4. Chris Kirubi – Kenya

Chris Kirubi

Chris Kirubi is a Kenyan entrepreneur, businessman and industrialist who owns a number of companies and is currently a major shareholder of CIC (Centrum Investment Company). Having enjoyed great media exposure such as Africa’s 100th Most Influential Personalities (News African Magazine), 20th Most Powerful People in African Business (Forbes) and Life Journeys Scaling Heights, Kirubi is a highly celebrated African billionaire with more than Kshs. 15 billion wealth.

See Also: A List of 10 Richest South Africans

5. Naseef Sawiris


Egyptian Nassef Sawiris holds a Bachelor of Science degree in Construction and Management. This has given him enough courage and experience to venture into the highly regulated and competitive real estate and construction industry hence amassing for himself a $5.9 billion fortune. And at only 48, projections have it that Nassef is potentially likely to be Africa’s richest man by 2019.

6. Nigerian Mike Adenuga

Mike Adunga

Mike Adenuga has been an exceptional Nigerian banking and finance business man who has squarely taken advantage of his country’s oil glory to make for himself a share of success. He has massive investment plans and deals, both oil and finance-based as well Telecom, Mike Adenuga is the Chairman of Globacom, A multinational telecom company, he currently enjoys a 4.7-billion USD (United States Dollars) net worth, the second richest man in Nigeria, 5th richest man in Africa and 248th richest person in the world.

7. Aliko Dangote – Nigerian

Aliko Dangote - african billionaires

Aliko Dangote is another self-made African billionaire of Nigerian origin who has sourced wealth across all channels and prospects. Ranging from flouring to cementing, this entrepreneur and industrialist has intertwined efforts and now enjoys a booming reputation of top African-rich billionaires with about 19 billion dollars fortune. A recent report from Financial Times placed him at $22 billion

Bonus: Movers and Shakers of African Businesses – African Business Leaders

Isabela Dos Santos


An engineering graduate from Queens University, Isabela Dos Santos has been Africa’s most celebrated female billionaires. At only 24, Angola nationalist Isabela began her first restaurant business and christened it Miami Beach. Although it is actually unclear how Isabela Dos Santos got rich but Peter Lewis a professor at John Hopkins explains “It is unclear through documented work that the President’s Inner Circle and Angola’s Ruling Party have lots of business interests. The corporate governance and source of funds are very murky and there you have it the pretty lady, interesting family and billions and billions of murky bucks.’’

9. Nicky Oppenheimer – South African


Nicky Oppenheimer is the richest self-made South African and 139th richest person in the world. But how did he really get there? Well, he has a significant interest in Anglo-American Plc the leading Diamond Co. and is the chairman of De Beers Diamonds. To add a feather to these hats, he owns the largest game reserve in the country adding to his current net worth of $6.8 billion.

10. Dr. Evans Kidero, Nairobi Governor

Dr. Evans Kidero

Dr. Evans Kidero was born to a policeman in Kenya’s majengo slums. And currently as the man at the helm of Kenya’s capital city, the Governor had a challenging start in life but successfully beat the odds to secure, pursue and conquer a degree in pharmacy at Kenya’s most celebrated higher learning institution, University of Nairobi. Currently, Dr. Evans is a stand-alone investor in diverse multi-billionaire companies having secured top jobs in Government and non-government institutions. His current wealth has accumulated to Kshs. 3 billion and some are yet to be revealed.