Top 10 Richest Men in Africa 2024
Top 10 Richest Men in Africa and Their Sources of Wealth
Africa is a continent that boasts of a lot of wealth, including individuals who are multi-billionaires. In this article, we will explore the top 10 richest men in Africa, their source of wealth, and a brief biography of each.
1. Aliko Dangote - $13.9 billion
Aliko Dangote is a Nigerian businessman who is the founder and chairman of Dangote Group, a conglomerate operating in several West African countries. The company deals in cement production, sugar, and flour milling. Aliko Dangote's major source of wealth is his cement trade, which has made him Africa's richest man for over a decade.
2. Johann Rupert & family – $10.1 billion
Johann Rupert is a South African businessman, the founder
and Chairman of Richemont, a Swiss luxury goods company. He is also a
co-founder of Remgro, a South African investment company.
3. Nicky Oppenheimer & family – $9.4 billion
Nicky Oppenheimer is a South African businessman and the
Chairman of De Beers, a company that deals in diamond exploration, mining, and
marketing. The family also has interests in Naspers, a global media company,
and Anglo American, a mining company.
4. Nassef Sawiris – $8.7 billion
Nassef Sawiris is an Egyptian businessman who is the CEO of
OCI, a company that deals in fertilizers and chemicals. Nassef Sawiris's main
source of wealth comes from the fertilizers and chemicals trade.
5. Mike Adenuga – $6.9 billion
Mike Adenuga is a Nigerian businessman who is the founder
and Chairman of Globacom, a Nigerian telecommunications company. Mike Adenuga's
major source of wealth is his telecommunications empire, which has made him one
of Nigeria's richest men.
6. Abdulsamad Rabiu – $5.9 billion
Abdulsamad Rabiu is a Nigerian businessman, the founder and
Chairman of BUA Group, a conglomerate that operates in West Africa. The company
is involved in cement production, sugar refining, and real estate.
7. Naguib Sawiris - $3.8 billion
Naguib Sawiris is an Egyptian businessman, the founder of
Orascom Telecom Holding, a company that deals in telecommunications. The
Sawiris family is also involved in investments in the financial and real estate
sectors.
8. Mohammed Mansour – $3.2 billion
Mohammed Mansour is an Egyptian businessman, the owner of
Mansour Group, a conglomerate that operates in Egypt that is involved in the
automotive, retail, and consumer goods sectors.
9. Roos Bekker – $2.7
billion
Roos Bekker is a South African businesswoman, the former CEO
of Naspers, a global media company. Roos Bekker's wealth comes from her stake
in Naspers.
10. Patrice Motsepe – $2.7 billion
Patrice Motsepe is a South African businessman, the founder
and CEO of African Rainbow Minerals, a mining company that deals in platinum,
gold, and other base metals.
Conclusion
This article has explored the top 10 richest men in Africa,
their sources of wealth, and a brief biography of each of them. While their
wealth varies, all of these individuals have made significant contributions to
Africa's economy and demonstrated the continent's potential for growth and
innovation.
FAQs
1. Who is the richest man in Africa?
Aliko Dangote, a Nigerian businessman, is currently the
richest man in Africa, with a net worth of $13.9 billion.
2. What is the source of Aliko Dangote's wealth?
Aliko Dangote's wealth comes from his company, Dangote
Group, which deals in cement production, sugar, and flour milling.
3. Who is the youngest billionaire in Africa?
As of 2021, the youngest billionaire in Africa is Tanzania's
Mohammed Dewji, with a net worth of $1.6 billion.
4. Are there any women on the list of Africa's richest
individuals?
Yes, Roos Bekker, a South African businesswoman, is on the
list of Africa's top 10 richest individuals with a net worth of $2.7 billion.
5. What sectors of the economy are most represented in the
list of Africa's richest individuals?
The list of Africa's richest individuals is dominated by individuals whose wealth comes from the telecommunications, mining, and manufacturing sectors.
Sources
Punch NG - Full list: Forbes 2024 top 20 African billionaires
Visual Capitalist - Ranked: Who Are the Richest People in Africa?
Business Day - Top 10 richest people in Africa at the outset of 2024
Legit NG - South African Billionaire Starts 2024 As Africa's Richest
Forbes - Africa's Billionaires
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