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Richest Man In Africa 2018 | Top 20 African Billionaires & Net Worth


Over the years, Africa has maintained a fast-rising pace on the global wealth ladder. Though the continent has not achieved the standard level of technological advancement, many African countries have carved out remarkable paths for themselves especially in Business, telecom, and mining { The Richest Man in Africa 2018 Net Worth African Billionaires }.

With respect to Africa’s increasing wealth, four major countries –inclusive of Nigeria, South Africa, Morocco, and Egypt –happen to be the driving forces. Therefore, it isn’t a surprise that most of the richest people on this list, come from these four countries.

So you ask :

  • Who Is The Richest Man In Africa 2018

The information above brings about the question who are Africa’s richest men and what are the reasons behind their surging wealth? By the way, remain focused on this post and hope to find out the


  • 1. Aliko Dangote

    • Net Worth: $12.1 Billion
    • Country: Nigerian

Aliko Dangote

#AlikoDangote:  Although Dangote’s net worth has suffered a series of setbacks for about two consecutive years, the reputable Nigerian businessman has maintained the greatest spot as Africa’s richest man and the world’s richest black man. Meanwhile, Dangote, who deals in commodities and conglomerates, is believed to have dominated the first spot among Africa’s richest people for six consecutive years.

Despite his shaky net worth, Dangote still spans his business operations across many West African countries. Under the influence of his self-owned Dangote Group, the Nigerian tycoon has earned great fame in the production of cement, sugar, salt, etc. Following the consecutive reductions in his net worth, Dangote’s current net worth is valued at $13.8 billion.

  • 2. Nicky Oppenheimer & Family

    • Net Worth: $7.6 Billion
    • Country: South African
Nicky Oppenheimer The Second Richest Man In Africa 2018

Nicky Oppenheimer The Second Richest Man In Africa 2018

Nicky Oppenheimer is not only an influential businessman but also the third richest person in Africa 2017. Over the years, he has remained consistent with his thriving diamond business. Together with his family, Nicky Oppenheimer’s worth is valued at 7.1 billion. As a diamond magnate, Nicky Oppenheimer has built a massive business empire for himself and this clearly distinguishes him as the third richest person on the entire African continent.

  • 3. Johann Rupert

    • Net Worth: $6.9 Billion
    • Country: South Africa

#JohannRupert: The second richest man in Africa, Johann Rupert is endowed with a host of business magnates who has transformed the country’s business sector through their business empires. Significantly, Johann Rupert is one of these magnates and he is reportedly the richest South African. Meanwhile, Johann Rupert is not only a billionaire but also an incredible person who has made the business fortune through his luxury goods outfit.

Owing to his significant achievements on the business scene, Johann Rupert is the highest shareholder in Shoprite –Africa’s biggest supermarket chain and retail outlet.

Johan Rupert

  • 4. Nassef Sawiris

    • Net Worth: $6.1 Billion
    • Country: Egypt

Nassef Sawiris is not only an Egyptian billionaire but also the current richest man in Egypt. As an Egyptian mogul, the largest portion of Sawiris fortune comes from his ownership and management of OCI –a giant company regarded as one of the biggest nitrogen fertilizers across the globe.

Over the years, Nassef Sawiris has progressively made fortune through his successful business and in addition to his estimated net worth for 2015, the business mogul has amassed almost $400 million. Meanwhile, this places his current worth around $6.2 billion.

Nassef Sawiris

  • 5. Mike Adenuga

    • Net Worth: $5.1 Billion
    • Country: Nigerian

Mike Adenuga is not only one of the richest African billionaire but also one of the biggest business moguls Nigeria boasts of. Apart from being the second richest Nigerian, Mike Adenuga happens to be the richest Nigerian of Yoruba descent.

For many years, he has continually amassed the business fortune as the owner of Globacom –one of the biggest telecom companies operating across the lengths and breadths of Nigeria. Besides his thriving Globacom business, Mike Adenuga has great tastes for the Oil & Gas sector where he runs his own oil company.

Year after year, Mike Adenuga has been favoured by significant increases which currently place his worth around $5 billion.

2nd Richest Man In Nigeria

  • 6. Naguib Sawiris

    • Net Worth: $3.9 Billion
    • Country: Egypt

Here is another business giant from the Sawiris family –the wealthiest Egyptian descents. Naguib Sawiris is the brother of Nassef Sawiris and the two brothers are well known as the reputable sons of Onsi Sawiris.

Naguib Sawiris runs the telecom sector of a voluminous parent company –Orascom –and significantly, he happens to be one of the biggest telecom moguls in Egypt. Following a series of business fortunes, Naguib Sawiris’ wealth clocked a $700 million increase (from his estimated net worth in 2015). At the moment, Naguib Sawiris is the seventh richest man in Africa 2017.

Naguib Sawiris

  • 7. Issad Rebrab & Family

    • Net Worth: $3.9 Billion
    • Country: Algeria

Issad Rebrab is an Algerian billionaire and the main factor behind the establishment of Cevital –the biggest private conglomerate in Algeria. Cevital is prominent for being in control of one of the world’s biggest sugar refineries. Besides sugar refining, Cevital is concerned with agriculture, mining, port terminals and distribution of automobiles. Through his thriving Cevital, Issad Rebrab has made a great business fortune.

Issad Rebrab

  • 8. Christoffel Wiese
    • Net Worth: $3.7 Billion
    • Country: South African

Christoffel Wiese is another South African personage who has built a great business empire for himself. Through his voluminous retail business, Christoffel Wiese is believed to have amassed an immense fortune and this ranks him behind Nicky Oppenheimer as the fourth richest Man In Africa 2017.

However, some reports claimed Christoffel Wiese once experienced a decline in his net worth and according to estimates obtained from the list of richest Africans (2015), the retail tycoon’s net worth decreased by $1 billion.

Christoffel Wiese

  • 9. Koos Bekker

    • Net Worth: $2.6 Billion
    • Country: South Africa

Jacobus Petrus Koos Bekker is a wealthy person and the Chairman of Naspers –one of the giant media companies in Africa. Naspers is a well-known enterprise with business operations across 130 countries.

In 1985, Koos Bekker headed the group which established M-Net. Meanwhile, this resulted in the present-day pay-TV services across a total of 48 African countries. Koos Bekker has remained a vibrant member of Naspers for many years and currently, he serves as the chairman of the group’s board with the estimated net worth of $2.5 billion.

Koos Bekker Among The Wealthiest

  • 10. King Mohammed VI

    • Net Worth: $2.5 Billion
    • Country: Morocco

Since he succeeded his deceased father and former Moroccan King –King Hassan II –in 1999, King Mohammed VI has remained Morocco’s leader. King Mohammed VI is a reputable leader and in Morocco, his birthday is usually specified for everyone to be on holiday. His father and former Moroccan king –King Hassan II –had a large share portion accounting for 40% of the entire shareholding in (SNI) Societe Nationale d’Investissement. Meanwhile, King Mohammed VI’s wealth is believed to have stemmed from his inheritance of this share portion. As it stands, he is worth $2.5 billion.

SNI is one of the biggest investment companies in Morocco and it was previously under the ownership of the state government. Significantly, SNI has sufficient shares in top companies such as Consumar [a sugar-producing firm], Attijariwafa [Morocco’s largest bank], Managem Group [a mining firm] and few others.

Among The Richest Man In Africa Billionaires

  • 11. Othman Benjelloun

    • Net Worth: $2.5 Billion
    • Country: Moroccan

Othman Benjelloun is a wealthy Moroccan whose wealth stems from Banque Marocaine du Commerce Exterieur (BMCE) –the banking business at which he takes an official role as the CEO. Believed to be worth around $2.1 billion, Othman Benjelloun has amassed his great fortune through BMCE –regarded as one of the biggest banks in Morocco.

BMCE spans its banking operations across many African countries and over 40% of its overall income come from its international operations.

  • 12. Aziz Akhannouch & Family

    • Net Worth: $2.1 Billion
    • Country: Morocco

#AzizAkhannouch doubles up his business involvement as Morocco’s incumbent Minister for Agriculture. Significantly, Aziz Akhannouch gathers massive business returns as the largest shareholder of Akwa Group –one of Morocco’s biggest conglomerates dealing in chemicals, gas, and petroleum. Besides this, several other businesses –pertaining to hotels, real estate, and media –are managed by Akwa Group.

  • 13. Patrice Motsepe

    • Net Worth: $2 Billion
    • Country: South Africa

Patrice Motsepe

Patrice Motsepe claims a reputable feat of not only as one of the richest men in Africa 2017, but also the first and only South African billionaire of black descent. He has contributed massively to South Africa’s expansive business sector –particularly through his company (ARM). ARM –African Rainbow Minerals –is one of South Africa’s biggest mining companies and it specializes in iron, platinum, gold, chrome, nickel, copper, coal and manganese.

Besides his dignified business involvement, Patrice Motsepe has drawn his investment attention on Sports where he owns and presides over Mamelodi Sundowns Football Club. At the moment and based on estimates, his net worth hangs around $2 billion.

  • 14. Yassen Mansour

    • Net Worth: $1.96 Billion
    • Country: Egypt

Yassen Mansour happens to be one of the reputable stakeholders in the Mansour Group –a large company that controls many Caterpillar dealerships across a number of countries in Africa. Alongside his siblings –Mohammed and Youssef –Yassen Mansour is an Egyptian billionaire valued at $1.96 billion.

Although the immense portion of his business wealth stems from the Mansour Group, Yassen Mansour features among the largest stakeholders in Palm Hills Developments.

  • 15. Mohammed Al Fayed

    • Net Worth: $1.93 Billion
    • Country: Egypt

Mohammed Al Fayed is well known for having sold some of his notable assets. He formerly owned Fulham Football Club before eventually selling it to Shahid Khan. According to reports, Shahid Khan acquired the football club for a sum worth $300 million. Also in 2010, Mohammed Al Fayed engaged in a deal with Qatar Holding and eventually sold his UK-based Harrod’s department chain to the latter. As contained in the contracts of the deal, Qatar Holding acquired the asset for a sum worth $2.4 billion.

Currently, Mohammed Al Fayed owns various assets including a website (known as Cocosa) and Hotel Ritz –a renowned hotel in the capital city of France. Based on current estimates, Mohammed Al Fayed is worth $1.93 billion.

  • 16. Onsi Sawiris

    • Net Worth: $1.48 Billion
    • Country: Egypt

Onsi Sawiris is a self-made billionaire and the head of the Sawiris family –the richest Egyptian family. Regarded as his magnificent business empire, Onsi Sawiris is the founding father of Orascom Construction Industries (OCI).

Onsi Sawiris has the net worth of $1.48 billion and he is blessed with offspring among which are Nassef Sawiris and Naguib Sawiris. Meanwhile, Nassef Sawiris –another Egyptian billionaire –is the leader of Orascom Construction Industries.

Through his proficient business strategy, Onsi Sawiris was able to garner huge wealth for the Sawiris family by concentrating great efforts on its telecom and construction services. However, OCI –as a business empire –has now extended to several other sectors including media and tourism.

  • 17. Youssef Mansour

    • Net Worth: $1.45 Billion
    • Country: Egypt

Youssef Mansour is a sibling of two other Egyptian billionaires –Yasseen and Mohammed. Each of the three brothers has a share portion in the Mansour Group –an Egyptian conglomerate with high Caterpillar dealerships in several African countries and in Russia. Within the Mansour Group, Youssef Mansour takes charge of the division that specializes in consumer goods. Meanwhile, this division encompasses Egypt’s tobacco companies, Egypt’s biggest supermarket chain, and McDonald’s restaurants.

  • 18. Stephen Saad

    • Net Worth: $1.21 Billion
    • Country: South Africa

Stephen Saad is a self-made billionaire and the originator of Africa’s biggest pharmaceutical producer –Aspen. Following a large number of acquisitions in 2013, Aspen was able to broaden its operational scope and now, the pharmaceutical producer deals in generic drugs across 150 global countries. Since 1999, Stephen Saad has maintained his dignified role as the Executive Director of Aspen.

As a learned person, Stephen Saad has a B.Com degree which he obtained from the University of Natal. Likewise, the business tycoon holds a CA as an alumnus of South Africa Institute of CAs. Currently, Stephen Saad is worth $1.23 billion.

  • 19. Miloud Chaabi

    • Net Worth: $800 Million
    • Country: Morroco

Miloud Chaabi is the owner of numerous assets including Aswak Assalam [a chain of supermarkets] and Riad Mogador hotel. Apart from these assets, Miloud Chaabi magnifies his achievements as the founding father of Ynna Holding. In Morocco, Miloud Chaabi is considered one of the business moguls who has strengthened the country’s business sphere and besides being a businessman, he doubles up his reputation as a politician.

Estimated worth at $800 million, Miloud Chaabi vigorously runs his Ynna Holding –a giant company that specializes in supermarket services, hotels, and real estate.

  • 20. Theophilus Danjuma

    • Net Worth: $750 Million
    • Country: Nigeria

Theophilus Danjuma is a retired member of the Nigerian Army. He is prominent as a philanthropist, business tycoon, and former politician. He began making his wealth during his professional course in the Nigerian Army. Besides his service in the military sector, he once served in the political class as the country’s defense minister.

Currently, Mr. Theophilus Danjuma progressively makes his business fortune as the chairperson of South Atlantic Petroleum –also known as SAPETRO.

SAPETRO is an exploration company in the Nigerian Oil & Gas sector. Significantly, the company has thrived largely and remained Danjuma’s main source of wealth. Currently, Theophilus Danjuma is worth $– million.

There you have it on List of The Richest Man In Africa 2018 Net Worth, African Billionaires, and Country Of Origin.


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Tags: Who Is The Richest Man In Africa 2018, African Billionaires Net Worth and Country Of Origin

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Richest Man In Africa 2018 | Top 20 African Billionaires & Net Worth


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