Top 20 Richest People in Africa (Men)

Africa is endowed with so many resources including natural and human potentials to harness the available resources. In as much as the continent is still lagging behind when it comes to technology, it is possible that in the future, the richest people in the world may come from Africa. In the recent years, we have seen Africans rapidly climb up the wealth ladder. A good example is Aliko Dangote who was worth about $11.2 billion as of March 2013, who after a period of one year (April 2014) was worth $16.1 billion, Aliko Dangote is currently worth over $20 billion dollars as at the time of this writing. We have already profiled the 10 of the wealthiest women in Africa in one of our previous articles. You should note that the list of wealthiest men in Africa keeps changing since wealth is not tied down to any particular person, so who are the richest people in Africa? this rich list is full of people who have distinguished themselves in various businesses, the movers and shakers of Africa’s businesses. Answers Africa brings you the wealthiest men in Africa.

Top 20 Richest People in Africa

20. Theophilus Danjuma (Nigerian) – Net Worth: $1.9 Billion (Forbes), $1.8 Billion (Ventures Africa)

19. Miloud Chaabi & Family – Net Worth: $1.3 Billion (Forbes)

18. Aziz Akhannouch & Family – Net Worth: $1.8 Billion (Forbes)

17. Onsi Sawiris – Net Worth: $1.9 Billion (Forbes)

16. Stephen Saad – Net Worth: $1.9Billion (Forbes)

15. Koos Bekker – Net Worth: $2.0 Billion (Forbes)

Please use the navigation button below to view the rest – Number 1 is mind blowing

20. Theophilus Danjuma

Net Worth: $1.1 Billion (Forbes), $1.8 Billion (Ventures Africa)

Industry: Oil & Gas


Rtd General Theophilus Yakubu Danjuma GCON FSS psc is a retired Nigerian soldier, politician, billionaire businessman and philanthropist who was born in Takum, Nigeria on 9th December 1938. The billionaire started off as a soldier having served in the Nigerian Army. He also ventured into politics where he served as a Minister of Defense under President Olesegun Obasanjo.

Don’t Miss: 20 Highest Paid African Presidents and 5 Richest Kings in Africa

Mr. Danjuma is the chairman of SAPETRO (South Atlantic Petroleum), a Nigerian upstream oil and gas exploration and production company. According to Forbes, his net worth has risen since last year due to more detailed information about SAPETRO’s assets.

19. Miloud Chaabi & family

Net Worth: $1.3 Billion (Forbes),

Industry: diversified, Self Made


Miloud Chaabi is a Moroccan businessman and politician with a net worth of $1.3 billion. He is the founder of Ynna Holding and the owner of the Riad Mogador hotel chain and group of supermarkets “Aswak Assalam” in Morocco. Miloud Chaabi’s Ynna Holding develops real estate, operates hotels and supermarkets, and is the majority owner of SNEP, a chemical manufacturer in Morocco

18. Aziz Akhannouch & family

Net Worth: $1.8 Billion (Forbes),

Industry: Petroleum, Diversified


Aziz Akhannouch is a Moroccan businessman and the country’s current Minister of Agriculture in Abdelilah Benkirane’s cabinet. He is the majority owner of Akwa Group, a multibillion-dollar Moroccan conglomerate with interests in petroleum, gas and chemicals through its publicly-traded subsidiaries Afriquia Gas and Maghreb Oxygene. It also has businesses operating in media, real estate development and hotels. Forbes estimates his net worth as $1.8 billion as of April 2015