Who is The Richest Man in Africa 2023

Let’s talk about wealth! Who is the richest man in Africa? Care to know? Then read along.

Africa is such a large continent many are made up of black people. Africa is also well endowed with tremendous natural resources. You will wonder why some countries are still poor

indeed, Africa is plagued with bad governance and other ills. Still, some great men have been able to rise out amidst all these ills to write their names among the wealthiest men of this century.

In this article, we will look at the big shots of Africa. If you’d like to know about their net worth and sources of income, so you can get inspired into action, then read this. 

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Top 10 Richest Men in Africa

Here is a list of Africans who are partial or total residents of Africa and have made their wealth in Africa. 

From the 1st to the 10th

• Aliko Dangote
• Johann Rupert
• Nicky Oppenheimer
• Abdulsamad Rabiu
• Nassef Sawiris
• Mike Adenuga
• Issad Rebrab
• Naguib Sawiris
• Patrice Motsepe
• Mohamed Mansour

Aliko Dangote 

The number 1 black man in terms of wealth is Aliko Dangote. Forbes ranks him first on their list of black billionaires. 

Aliko Dangote’s Biography 

Aliko Dangote is a Nigerian businessman who was born on the 10th of April 1957. He was born into a wealthy Muslim family who trained him till he got a bachelor’s degree in business studies and administration.

Dangote started his trading firm as a small one in 1977. After receiving a loan from his uncle and a contract from the Central Bank of Nigeria to manage their fleet of buses, Dangote started rising to an unbeatable height

Today Dangote owns several manufacturing companies in Africa. There is the Sugar plant at Apapa Lagos (which is the biggest in Africa, also Dangote Cement, Dangote flour, and a long list of other companies.

Now, Dangote is a household name. Many Nigerians use one or more of his products in their homes.

He is also into exportation and transport. However, his major industry is the manufacturing industry.

Aliko Dangote’s Net worth

According to Forbes, Aliko Dangote’s net worth is $13.5 billion.

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Johann Rupert

Johann Rupert is next on our list, a South African Business Man who grew up in Stellenbosch and went on to study business and company law at the University of Stellenbosch.

He started his career in 1979 after gaining experience while working for 5 years in the united states and he founded the Rand Merchant Bank. He merged this bank with Rand Consolidated Investments to form the RMB Holdings

Johann Rupert has a long list of awards he has gotten as a businessman, one of them being in 1988 when he was awarded businessman of the year by Sunday times and Non-Executive Director of Rothmans International that same year.

Johann Rupert’s Net worth

According to Forbes, Johann Rupert’s net worth is $10.7 billion.

Nicky Oppenheimer

The 78-year-old Nicholas Oppenheimer is the next on our list of Africa’s richest men. He is a South African businessman who is majoring in the mining and metal industry.

was the chairman of the De Beers Company from 1998 till 2012, when he retired? He was ranked in the Forbes list as the richest person in South Africa, and He has also bagged a lot of business awards

Nicholas Oppenheimer’s net worth is $8.4 billion.

Abdul Samad Rabiu

Abdul Samad Rabiu is a Nigerian billionaire. He is the second richest man in Nigeria, and he was brought up in Kano and did some of his schoolings abroad.

He is the founder and Chairman of BUA. BUA is a Nigerian conglomerate that is into Africa’s agriculture, infrastructure, manufacturing, and other industrial sectors.

This Billionaire is also a philanthropist under the BUA foundation. One of his well-known activities is the building of a Pediatric ward at the Aminu Kano Teaching Hospital in Nigeria. 

Abdul Samad Rabiu’s current net worth is $7.6 billion. 

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Nassef Sawiris

Nassef Sawiris is an Egyptian 72-year-old businessman. He attended his secondary school in Cairo and then moved to the University of Chicago, where he got his Bachelor’s degree in Economics.

Nassef became the CEO of Orascom Construction Industries, as it was handed down to him by his father in 1998. In 2016, Nessef was elected as a director of Adidas AG, Germany.  In 2021 he ranked as the richest Arabian.

Also, Nassef has a controlling stake in Aston Villa Football Club. He also has other Sports investments in some parts of the world.

Nassef’s Current Net worth is $7.3 billion. 

Mike Adenuga

This is another wealthy Nigerian. He is also among Africa’s richest men. This man is from Ibadan, where he did his secondary school education before bagging a BSc in business administration from Oklahoma State University.

Mike Adenuga is the founder of Globacom Nigeria – the second-largest internet service provider in Nigeria. His company has also planted its tentacles in other African countries across the globe.

In 2019, Mike Adenuga was ranked among the 100 most influential Africans in the world. Today, his streams of businesses have earned him a name on the African richest man list.

Mike Adenuga has a net worth of $6.3 billion.

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Issad Rebrab

Isaad Rebrab is a 73-year-old Algerian. He is the second most wealthy man in Arabia. 

Rebrab is the founder and CEO of Cevital food and beverage company. Cevital is a private sugar-producing company in Algeria. It is one of the biggest in the world.

And apart from this sugar plant Issad has other European investments which serve as his source of income.

Issab Rebrab was jailed for 6 months which elapsed on January 2021. He claims innocence of all the charges laid against him. 

According to Forbes list Isaad Rebrab’s net worth is $4.6 billion

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Naguib Sawiris

Here is another Egyptian billionaire ranked as one of the richest men in Africa. He is the brother of Naseef Sawiris.

Naguib is an essential contributor to Orascom Construction Limited, a family business and one of Egypt’s biggest businesses.

Naguib is ranked as Number 8th richest man in Africa. His net worth is $3.3 billion 

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Patrice Tlhopane Motsepe

Patrice Motsepe is a South African billionaire who is focused on the mining industry. He learned mining from his father, who was a miner but got formal education from the University of Swaziland.

This billionaire is a businessman in the mining industry and is the founder of African Rainbow Minerals he is also playing a key role in Harmony Gold, the 12th largest gold mining company in the world.

Patrice Tlhopane Motsepe is worth $3.2 billion.

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Mohamed Mansour

Mohamed Mansour is another Egyptian billionaire. He is 75 years old and gained a master’s in business administration from Auburn University in 1971.

He is a key player in the Mansour group – an Egyptian family business. Mansour group is the second-largest business in Egypt. They are the largest general motor dealers in the world.

Mohamed works with his brothers to keep relations and improve company growth.

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FAQ about the richest men in Africa

Here are the richest men in Africa. Also included in their net worth and education. You can be inspired to know what made a black man rich. 

Check out other articles on our site to know the net worth of other people.