Femi Otedola Tops Forbes List Of Highest Gaining African Billionaires In 2015


Femi Otedola is the Highest gaining billionaire in Africa for 2015. Drawing facts and figures from Forbes analysis, Femi’s empire alongside 4 others gained the most while some others did not make it on the list. The highest gaining billionaires are not in any way the richest of them all in Africa, rather it includes the ranking of those whose net worth did better than others in the past year. Below is the list:

5. Issad Rebrab

Country: Algeria

Net Worth: $3.1 Billion

Isaad Rebrab

Meet Issad Rebrab, the first Algerian billionaire, an international business mogul who was one of New African Magazine’s 2014 most influential Africans and one of the 15 CEOs to watch in 2015 (African Business). With the sum of $181 million, the billionaire rose by 6.6% from his 2014 net worth, making it to the 5th spot of the highest gaining African billionaires; Issad has once again proven with all efficiency that good business is his trade mark, he sure knows and owns his onions. Isaad owns one of the world’s largest refineries; and is also the Chairman of Cevital, the largest privately-owned conglomerate in Algeria.

4. Isabel Dos Santos

Country: Angola

Net Worth: $3.5 billion


As always, the last woman standing in Africa’s billionaires’ club and the richest black woman in the world still stands strong at the 4th spot of the 2015 highest gaining billionaires with a 12.5% -$335 million-increase in her net worth. Angola as a nation made an economic statement in 2015, little wonder why Isabel made it on this list.

3. Christofell Wiese

Country: South Africa

Net Worth: $5.7 Billion


Known as the modest 3rd South African billionaire, Christofell owns about 15% of Shoprite holdings. Starting off 2015, he became the new owner of a British Fashion retailing firm, New Look, purchasing it for a jaw-dropping $1.23 billion. In the same manner, he ended 2015 with 15% increment, summing up to an $841 million addition to his net worth and as such the highest gaining by the dollar.

2. Mohammed Dewji

Country: Tanzania

Net Worth: $1.1 Billion


Mohammed Dewji is the richest man in Tanzania; he took over from his father as the CEO of METL, the largest privately owned conglomerate in Tanzania with interests in textile, manufacturing, distribution, real estate and agriculture. Completing his time as a Lawmaker, Dewji most probably had more time for his business. With a whooping 38.7%, Dewji topped his net worth with a $308 million gain in 2015, landing him on the 2nd spot on this list.

1. Femi Otedola

Country: Nigeria

Net Worth: $1.81 Billion


Femi Otedola is the 4th Nigeria’s richest person, 10th billionaire black man in the world and most currently Forbes highest gaining African Billionaire. He is the CEO of Zenon Petroleum & Gas limited and Forte Oil Plc, the largest Oil marketing company by retail network in Nigeria with over 500 gas stations across the country. The Oil & Gas business mogul yielded a super grand 75% gain $778 million in 2015; despite the global oil price situation.