Just like Forbes recorded a decrease in the number of world billionaires, there has also been a reduction in the number of African billionaires in the previous years. Against the 28 billionaires the continent had in 2015, the number of African billionaires dropped to 24 in 2016. 2017 saw the addition of yet another billionaire, raising the number to 25.
Nevertheless, Aliko Dangote is still Africa’s richest man. Although the past two years have seen him declining from a net worth of $16.6 billion in 2015 to $14.4 billion in 2016, and now $12.2 billion, Dangote remains the richest black person in the world. For the highest gaining African billionaire, Mike Adenuga takes the top spot. He has moved from a $4 billion net worth in 2015 to a whopping $10 billion this year. He is the current 2nd richest person in Africa.
After becoming the highest gainer in 2015 and appearing on the 14th spot, Femi Otedola and alongside Abdulsamad Rabiu lost out of the list in 2017.
Angolan Isabella Dos Santos was the last woman standing in the last top 10 count with a $3.1 billion net worth. In 2017, she still remained as the only woman among the 10 richest African billionaires after maintaining her $3.1 billion net worth. The only other woman on the list is Folorunsho Alakija.
Here is a full list of the Richest African Billionaires:
1. Aliko Dangote, Nigerian
Net Worth: $12.2 billion
Aged 60, Dangote makes his wealth from the Dangote flour, sugar, salt, and cement, which is the continent’s largest cement producer. He stands as the 105th richest man in the world.
2. Nicky Oppenheimer, South African
Net Worth: $7 billion
Oppenheimer has made his money from diamonds. At the age of 72, he is the 199th richest billionaire.
3. Mike Adenuga, Nigerian
Net Worth: $6.1 billion
After becoming the top gainer in 2016, Adenuga dropped to the third richest African billionaire dropping from the second spot he occupied in 2016. The man has made his wealth from Telecom, Oil, and Real Estate. He takes the 250 spot in the world.
4. Johann Rupert, South African
Net Worth: $6.3 billion
Making his money from luxury goods, this South African is #237 in the world. He is 67 years old and he took over from a family business that was started by his father since the 1940s. He had the opportunity of buying half of Gucci when it was given to him for $175 million. That is his greatest regret.
5. Nassef Sawiris, Egyptian
Net Worth: $6.2billion
Sawiris is from the richest family in Egypt. His wealth, however, came from his construction company which is one of the largest Nitrogen fertilizer producers in the world. Interestingly enough, Bill Gates has shares in the company of this 57 years old businessman. He is #269 in the world.
6. Christoffel Wiese, South African
Net Worth: $5.9 billion
The second South African on the list, Wiese is a self-made billionaire who came to wealth as a furniture retailer through his company, Steinhoff International. Aged 76, he is #269 in the world.
7. Nathan Kirsch, Swaziland
Net Worth: $3.9 billion
This man who is now 86 is also a self-made billionaire. He made his wealth as a retailer who handles many things all at once. He has businesses across many countries including his home country, South Africa, and the United States. He ranks 460 in the world.
8. Naguib Sawiris, Egyptian
Net Worth: $3.8 billion
Also from the richest family in Egypt, Sawiris made his wealth from Telecommunication. His father and brother, Onsi and Nassef, are also billionaires. He is #460 in the world.
9. Isabel dos Santos, Angolan
Net Worth: $3.1 billion
A serious investor, this woman is the oldest daughter of Angola’s Jose Eduardo dos Santos who ruled the country until 2017. The 44 years old made her wealth thanks to the help of her father who was said to have transferred stakes to her from some of the country’s companies.
10. Issad Rebrab, Algerian
Net Worth: $3 billion
#630 in the world, Rebrab, 74 is a self-made man even as his parents were militants who fought for the freedom of the country. He owns the biggest privately-held company, Cevital.
11. Mohamed Mansour, Egyptian
Net Worth: $2.7 billion
He is the head of the Mansour Group which was started by his father, and which has also made two of his brothers among the richest billionaires in Africa. Running one of the biggest General Motor dealerships in the world, this 70-year-old man is #745 in the world.
12 Koos Bekker, South African
Net Worth: $2.1 billion
Bekker is another self-made who was able to make much wealth from the media after revolutionizing the country’s media. He also has many other investments that have added to make him #973 in the world.
13 Allan Gray, South African
Net Worth: $1.99 billion
Now 80 years old, this man founded the Allan Gray Limited in 1973, and it is today in South Africa the biggest privately-owned asset manager. He went on to found different asset companies as well. He is the 1,161st man in the world.
14. Othman Benjelloun, Moroccan
Net Worth: $1.9 billion
Benjelloun made his wealth from the banking and finance industry. He is the CEO of BMCE Bank of Africa and he also has investments in Telecom. Now 85, he is #1,098 in the world.
15. Mohamed Al Fayed, Egyptian
Net Worth: $1.82 billion
Al Fayed is 89 years old. He is into different businesses all at once. Apart from running hoteling business, he once owned Fulham United which he sold in 2013. He is at #1,161 on the world list of billionaires.
16. Patrice Motsepe, South African
Net Worth: $1.81 billion
Like many other earlier rich men in South Africa, one of the things that have brought wealth to Motsepe is his mining business. What makes his story even more interesting is the fact that he is the first black African on the Forbes list when he became a billionaire in 2008. 56, Patrice also has many other investments.
17. Yasseen Mansour, Egyptian
Net Worth: $1.76 billion
56 years old, Yasseen got a large chunk of his wealth through his father. So also is it with two of his brothers on the list. He is into real estate development and many other businesses. The man is #1,161 in the world.
18. Folorunsho Alakija, Nigerian
Net Worth: $1.61 billion
Alakija is one of the only 2 African billionaire women. She made her net worth through oil business as she is the vice chair of Famfa Oil. 67, she is #1,290 in the world.
19. Aziz Akhannouch, Moroccan
Net Worth: $1.58 billion
With a significant stake in a company that is owned by Akwa Group, which was founded by his father, he also has other significant investments that add up to make him one of the richest billionaires on the African continent and the 1,376th richest in the world
20. Mohammed Dewji, Tanzanian
Net Worth: $1.4 billion
Only 42, Dewji is the youngest billionaire in Africa. He came by his wealth thanks to a Tanzanian conglomerate which his father began as far back as the 1970s. He was also a member of parliament in the country. He ranks #1,468 in the world.
21. Stephen Saad, South African
Net Worth: $1.21 billion
Saad made his money through investing in Pharmaceuticals. He founded Aspen Pharmacare in 1997. Today, it is the largest in the country and it markets in as much as 150 countries. Now 53, he became a millionaire when he was only 29.
22. Youssef Mansour, Egyptian
Net Worth: $1.15 billion
With other brothers who are also on the list, Youssef heads the Mansour Group, which his father Loutfy started. He is 72 and ranks #1,795 on the billionaires’ list.
23. Onsi Sawiris, Egyptian
Net Worth: $1.14 billion
With 2 sons who are also on the list of the richest African billionaires, Onsi has made his wealth in construction and telecom industry. 88, Onsi is very significant to the wealth of his children after transferring stakes to them in the businesses he successfully built. He ranks as the 1,678th billionaire in the world.
24. Anas Sefrioui, Moroccan
Net Worth: $1.1 B
Another of the richest billionaires in Africa, Sefrioui is 60 years old and he has become a self-made billionaire thanks to his involvement in real estate. The man ranks #1,795 in the world.
25. Jannie Mouton, South African
Net Worth: $1 billion
Also referred to as Buddha Buffet, this man made his wealth from Financial services PSG Group. Now 71, Mouton began the company after he was fired at the age of 48. He ranks #1,940 among the richest billionaires in the world.