He owns about 90% of publicly-traded Dangote Cement through a holding company. Africa is not left out of the ranking of wealthiest people. He was one of the richest millionaires in Africa during his twenties. The CEOWORLD magazine Rich List annually recognizes World’s richest. 16. Top 20 Richest People in Africa 2020: Aliko Dangote of Nigeria is the richest man in africa (for the 9th year in a row) His networth is estimated at $10.1b. He also has invested in many organizations in more than 15 countries. 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ALIKO DANGOTE – NW: $21.6 BILLION; Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Robert Hitti set up Qualiplast in 1973 as a small factory with the name Greenplastica Limited in 1973. The funds benefit Egyptian students. A University of Chicago graduate, he donated $20 million to the school in 2015 to establish a scholarship program named after his father, Onsi. 74. A 2016 count puts its employee strength at 5,749. Orascom Construction now trades on Egypt’s exchange and Nasdaq Dubai, while OCI, the fertilizer and chemicals business, trades on the Euronext Amsterdam exchange. Apart from liquid petroleum, the company also manufactures certain chemicals as well. How one woman is helping some farmers in Kenya create a path out of poverty. Apart from that, this South African billionaire owns shares in several multi-national companies. Listed below are the top 50 wealthiest people in Africa according to the data gather from Forbes. Danjuma is the creator and CEO of Nigerian organization South Atlantic Petroleum, which is a major oil and petroleum manufacturer. There was no significant difference in the positions but there was a magnificent drop in their net worth. However, that has become history as his current net worth stands at $5.9 bn. This Ugandan billionaire is one the largest real estate investors in the country. Reply. Masiyiwa also contributes a lot towards the betterment of education. He holds 40% of shares in SNI – one of the largest investment firms in Morocco. He is also the owner of SNEP, which is a Moroccan chemical manufacturer. He runs the Mansour Group along with his brothers in Egypt. Compared to his Egyptian Billionaires, Mansour brothers, Youseff maintains a very low profile. It is a large-scale conglomerate in Morocco that specializes in chemicals, gas and petroleum. Three well-known Nigerian billionaires are on the top of our ranking of the top 10 richest person in Nigeria. The richest African, for the eighth year in a row, is Nigerian cement and commodities tycoon Aliko Dangote, with a net worth of $10.7 billion. Based in South Africa, Nicky Oppenheimer made the bulk of his fortune from the diamond trade. Oriental Energy Resources manufactures and distributes oil to many African countries apart from Nigeria. Africa’s Top 10 Billionaires – Richest People in Africa 2020 image source It’s not uncommon to hear about business people who started from the little start-up fund they could raise and ended up building a thriving firm, or about seasoned business owners who took over a decades-old enterprise and transformed it into a bigger business empire. He served on Anglo American’s board for 37 years until 2011, and retains an estimated 1% stake in the company. Richest People In Africa. Nicky Oppenheimer is one of the wealthiest people in Africa. Read The top 25 richest People in the World. Kenya is the largest economy in East Africa, with a GDP of US$70.539 billion (Source: World Fact Book) and has some rich people. Below is a list of top ten richest musicians in East Africa and their net worth in 2020: 1. Johann Rupert($5.3 Billion) Johann is the second Richest person in South Africa with an estimated net worth of $5.3 Billion. RMB and RMI Holdings are the two famous and lucrative subsidiaries of this organization. The Moroccan billionaire invests in banking, telecom, and insurance industries through his company FinanceCom. The richest self-made female billionaire in Africa. Top 10 Richest Politicians In The World 2020. # Best (and worst) countries in the world for old people to live in, 2020 His estimated net worth of $6.1 billion makes him one of the richest Africans. Here is a list of the richest Presidents in Africa … He is also the founder and owner of Kilimanjaro – which is a commonly used bottled water brand in Tanzania. He has also invested in several banks including United Bank and Standard Trust Bank. (adsbygoogle = window.adsbygoogle || []).push({}); With a net worth of $10.1 billion, Nigerian billionaire Aliko Dangote is the wealthiest man in Africa and the only African on the list of top 100 richest in the world. The company specializes in real estate business and constructs and operates resorts and hotels in Egypt as well as in Switzerland. This financial management facilitated through PSG Group, which was founded and is currently run by Mouton. The company also has branches in hotel and supermarket investments. Her first organization was a designer brand that specialized in elite clothing. He is the founder of Ynna Holdings, which is a major real estate developing company in the country. He is the CEO of Etisalat in Nigeria which is the fourth largest mobile network in the country. It is noteworthy that Danjuma was a former Defense Minister of Nigeria. Dangote refineries are expected to come online in 2017. He is the creator of several luxury goods including brands such as Cartier and Mont Blanc. This figure alone makes it the richest company in Africa that deals in short-term insurance. Reading Time: 3min read 4. This is why some of the people who made it to the list of the top 10 wealthiest people in Nigeria in 10, 5, or 3 years ago are no longer on the list today. A billionaire from Angola Isabel Dos Santos is the only woman who is listed in the top 10 richest African People with a net worth of 2.1 Billion. Here are the richest people in Africa… One Comment. He is yet another self-made billionaire from Nigeria. His company Dangote Group is currently on an expansion drive to many other African countries. It has plants in Texas, and is building facilities in Iowa. This firm also invests in several other industries too. Bekker has also made several foreign investments, especially in BRIC countries. He can be reached on email. The Moroccan ruler has investments in several lucrative industries. He is a member of the Sawiris family and the chief operator of the family’s business – Orascom Development. This organization specializes in a variety of industries including media, shipping, oil trading, manufacturing, and banking. This self-made Moroccan millionaire is the head of Saham Group; one of the biggest insurance companies in Morocco. He is the founder and CEO of Ruperelia Group, which owns more than 300 residential and commercial properties. American business magazine Forbes has finally published a list of top 20 richest people in Africa as of 2020, and surprisingly, no Kenyan billionaire features on the list. Dangote has said, “I can remember when I was in primary school, I would go and buy cartons of sweets [candy] and I would start selling them just to make money. He has stakes in the telecom education industry and real estate industry in differentoverseas countries . The Hitti Family-$540 million. These are the top 100 richest people in the world today. For instance, he is a major investor of Egyptian McDonald’s chains. He is the founder of Globacom Limited, which is the second largest phone network in Nigeria. He is a stakeholder in the chemical and shipping industry as well. The organization owns shares in several banks and thus makes a significant contribution to the economy. Johann Rupert is the richest South African and the second richest person in Africa. Africa’s Billionaires: Richest People In Africa, 2020 Ryan Miller Stats Gate February 13, 2020 With a net worth of $10.1 billion, Nigerian billionaire Aliko Dangote is the wealthiest man in Africa and the only African on the list of top 100 richest in the world. Ovia is a big time investor in the Nigerian banking industry; he is also one of the richest people in Nigeria. American technology entrepreneur Jeff Bezos who owns Amazon tops the … Some of them are in the Forbes ranking, and others are not, but they are all wealthy and successful. He is also the chairperson of BMCE Bank, which is one of the largest in Morocco and is active in more than 20 African countries. Azizi has also diversified his assets by investing in real estate and mining industries. Besides owning a large tract of land, the royal family also runs Heritage Hotels and have the largest percentage of shares in the Commercial Bank of Africa. CEOWORLD magazine > The Latest > Stats Gate > Africa’s Billionaires: Richest People In Africa, 2020. In a report by Knight Frank released in March 2020, Kenya has 42 ultra-high net worth individuals, worth over US$30 million each, which is … The kids’ dad was ranked at position 26 in the Top 100 Richest People in the world by Forbes in 2011. When the British design magazine Wallpaper* described the Afrikaans language as “one of the ugliest languages in the world” in its September 2005 edition (in reference to the Afrikaans Language Monument), Rupert responded by withdrawing advertising for his companies’ brands such as Cartier, Van Cleef & Arpels, Montblanc and Alfred Dunhill from the magazine. He is a major shareholder of Forte Oil, which is one of Nigeria’s largest oil manufacturing companies. His central distribution system also made more efficient work of stocking shelves. He has a bachelor’s degree in business studies and administration from Al-Azhar University, Cairo. Onsi is the founder of Orascom Construction Industries and the patriarch of one of the richest families in Egypt. Clicks Group. According to the City Press Wealth Index, 50 of South Africa's richest people are worth a combined R323 million. 5. Wiese today presides over 11,000 stores across 30 countries. Ezz is a former chairperson of an Egyptian political party and is currently a steel tycoon. He is a large benefactor of the pharmaceutical industry of South Africa. The African continent has produced many wealthy people; with over 28 known billionaires. Mengi’s primary interest of business is media. In Africa, the Nigerian business tycoon Aliko Dangote remains the richest person in Africa, with an estimated $10.1 billion net worth, according to the Forbes Africa Top Billionaires 2020 list.. Aside from Dangote, who else made the list of richest persons in Africa. He is the founder of the largest private conglomerate in Algeria – Cevital. Over the years, his company Bidco Industries had invested and manufactured in several industries such as garments, soap production, and edible oils. 2017 Grateful Grads Index: Top 200 Best-Loved Colleges Full List: The World's Highest-Paid Actors And Actresses 2017 Meet The Richest Self-Made Women On Wall Street 2017 Jose Chameleon leads among richest musicians in East Africa. His primary businesses include cement, sugar and flour. Find out the top 20 richest men in South Africa this year. Top 100 Richest South Africans revealed The Sunday Times Top 100 Rich List reveals the wealthiest South Africans He is a major stakeholder of Vodacom Tanzania – which is the largest mobile network company in the country. This gentleman is the richest man in Zimbabwe. He is the founder of MTN, one of the largest telecom brands in Africa. This has translated into their bank accounts, making them rich over time. He has major investments in banking, mining, and food manufacturing, he is one of the wealthiest men in Africa. Furthermore, the company is also involved with telecommunications industry on a small scale. He is the founder and creator of one of the largest telecommunication company in Egypt, Orascom Telecom Media & Technology. Indimi is a self-made Nigerian millionaire and founder of one of the largest oil production organizations in the country. The first three names are ranked as the wealthiest by Forbes, and the number 1 is also the richest black person on the planet; a spot he has held on to for some years now. JOHANNESBURG - Aliko Dangote of Nigeria remains the richest person in Africa, with an estimated $10.3-billion (R134-billion) net worth, according to the Forbes Africa Top Billionaires 2019 list. Christoeffel Wiese Net Worth: $1.1 Billion (Forbes) Industry: Retailing, Self Made. Folawiyo has also made several significant investments in the oil and telecom industry as well. He is the great-grandson of Alhaji Alhassan Dantata, the richest African at the time of his death in 1955. The list of the richest men in Africa was released by Forbes magazine in January 2020. Ovia has made investments in other sectors such as telecom and real estate as well. Richest People / Top 100 Richest People in the World List. # Countries with the highest life expectancy in the world, 2020 6 cars produced in Africa by Africans for Africa. Furthermore, his company invests in food and beverages and packing services as well. Some of the richest people in Africa are are self-made, some of them have built on their influence and power to gather their wealth, and some of these millionaires have leveraged inheritances to become one of the richest people in Africa. The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. It owns and operates gas stations while manufacturing its brand of engine oil. As the founder and owner of FirstRand, one of the largest banking and insurance corporations in South Africa, Dippenaar is a one of the most influential millionaires in the country. I was so interested in business, even at that time.”. The company’s generic medicine market expands to more than 150 countries. 10 Comments 1 2. desmond August 9, 2014 @ 9:29 pm A big number of African presidents are worth much more than anyone can imagine. As a Nigerian millionaire, Otedela specializes in the petroleum industry. The organization acts as one of the biggest financial firms in both Southern Africa and India. Motsepe is an investor in the South African mining industry. Middle East as a major pharmaceutical manufacturer in Egypt and the second largest phone network in the healthcare is... Telecom education industry and real estate, finance, construction, information and. Nigeria ’ s company invests in a row to more than 300 residential and properties. 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