Africa’s Richest 2020 – Dangote, Adenuga, Rabiu And Alakija Makes List

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The international media firm, Forbes has not too long ago launched the Africa’s richest 2020 version and for the ninth time in a row, Dangote has topped the record. Three different Nigerians; Mike Adenuga, Abdulsamad Rabiu and Folorunsho Alakija additionally made the Forbes record of high African billionaires.

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The billionaires record embody solely two ladies, Isabel Dos Santos of Angola and Folorunsho Alakija of Nigeria. Egypt and South Africa has 5 billionaires every; Nigeria, 4; and Morocco, two. Algeria, Angola, Tanzania and Zimbabwe has 1 billionaire every on the record.

Altogether, Africa’s 20 billionaires at the moment are price $73.four billion, a rise from $68.7 billion of final yr.

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Africa’s Richest 2020 Billionaires

Aliko Dangote

Dangote tops the Africa’s richest 2020 record with a internet price of $10.1 Billion. He is the founder and Chairman of the Dangote Cement, the continent’s largest cement producer. He owns almost 85% of publicly-traded Dangote Cement by means of a holding firm, and his cement produces 45.6 million metric tons yearly with operations in 10 nations throughout Africa.

Also, Dangote owns stakes in publicly-traded salt, sugar and flour manufacturing firms. Dangote Refinery which can be beneath development is predicted to be one of many world’s largest oil refineries as soon as full.

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Nassef Sawiris

Nassef Sawiris is the youngest of Onsi Sawiris son, and a scion of Egypt’s wealthiest household. He is the second on the Africa’s richest 2020 Forbes record with a internet price of $eight Billion.

He joined the Orascom Group in 1982, and oversaw development actions in Orascom Construction after the switch of administration management from his father in 1995. Next, he grew to become the CEO of Orascom Construction following its incorporation in 1998 . In 2013, he additionally grew to become the CEO of OCI NV.

OCI is likely one of the world’s largest nitrogen fertilizer producers, with vegetation in Texas and Iowa, and it trades on the Euronext Amsterdam change. While the Orascom Construction is an engineering and constructing agency, which trades on the Cairo change and Nasdaq Dubai.

In addition, Nassef has stakes in Cement big Larfarge Holcim and Adidas, and sits on supervisory board of Adidas.

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Mike Adenuga

Mike Adenuga holds the third place with a price of $7.7 billion following Nassef Sawiris of Egypt. The bulk of Adenuga’s wealth is from telecommunication and oil manufacturing. He is the founding father of Globacom, the third largest cell phone community operator in Nigeria. Globacom has over 43 million subscribers.

Mike acquired his MBA at Pace University in New York, the place he was supporting himself as a scholar by working as a taxi driver. At the age of 26, Adenuga already made his first million from the gross sales of lace and distribution of sentimental drinks.

Mike additionally has an in depth actual property holding.

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The Oppenheimer household is likely one of the Africa’s richest with a internet price of $7.7 billion. Oppenheimer is an inheritor to the household’s fortune, and the third era of the household to run DeBeers. He took the corporate personal in 2001.

For 85
years, the household occupied a controlling spot on the planet’s diamond commerce
till 2012. In 2014, Oppenheimer began Fireblade Aviation in Johannesburg,
which operates charted flights with its fleet of three planes and a couple of helicopters.

Oppenheimer owns no less than 720 sq. miles of dialog land throughout South Africa, Botswana and Zimbabwe.

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Johann Rupert is a South African billionaire with internet price of $6.5 billion. He is the chairman of swiss luxurious items, Compagnie Financiere Richemont which is finest identified for the manufacturers, Cartier and Montblanc.

Joahann chairs a diversified funding agency, Remgro, and owns a 7% stake in it. Also, he owns 25% stake of Reinet, an funding holding firm primarily based in Luxembourg.

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Issad Rebab holds the sixth place on the Forbes Africa’s richest 2020 version. His internet price is $four.four billion and bulk of his fortune comes from meals manufacturing. He is the founder and CEO of Algeria’s greatest privately-held firm, Cevital.  

Cevital owns one of many largest sugar refineries on the planet; French dwelling home equipment maker, Groupe Brandt; Italian metal mill; and a German water purification firm.

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Mohamed Mansour is an Egyptian billionaire who occupies the seventh place on the Forbes Africa’s richest 2020 version record. His internet price is $three.three billion and collectively along with his bothers Yasseen and Youssef, he oversees a household conglomerate, Mansour Group. The firm was established by their late father Loufty, in 1952.

Mansour Group is a multinational conglomerate, with operations throughout the globe. It is the most important General Motors seller, and the fifth largest distributor of Caterpillar Inc. merchandise globally.

Also, Mohamed as soon as served as a Minister of Transportation in Egypt from 2006 – 2009.

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Abdulsamad Rabiu

Abdulsamad Rabiu holds the eight place on the Africa’s richest 2020 record with a internet price of $three.1 billion. He is the founding father of BUA Group, a Nigerian conglomerate energetic in cement manufacturing, sugar refining and actual property.

In early January 2020, Rabiu merged his privately-owned Obu Cement firm with listed agency Cement Co. of Northern Nigeria, which he controls. The mixed agency, referred to as BUA Cement Plc, trades on the Nigerian inventory change, and Rabiu owns 98.5% of it.

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Naguib is a brother to Nassef Sawaris who’re scion of the Egypt’s wealthiest household. Naguib’s internet price is $three billion which comes from Telecom. He is the Chairman of Orascom TMT Investments. The firm has stakes in main asset supervisor in Egypt, an Italian web firm and others.

Also, he’s a majority proprietor of Euronews, and developed a luxurious resort referred to as Silversands in Grenada.

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Patrice is a South African billionaire whose price is $2.6 billion. He grew to become a billionaire in 2008 and have become the primary black African to seem on Forbes record. Mostsepe is the founding father of African Rainbow Minerals Limited, a mining firm primarily based in South Africa.

Also, in 2016, he launched African Rainbow Capital, a brand new personal fairness agency targeted on investing in Africa.

Patrice based the Mamelodi Sundowns Football Club, owns a stake in Sanlam, a monetary companies agency.

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Koos occupies the eleventh place on the Forbes Africa’s richest 2020 version, and is price $2.5 billion. He is the chairman of the media group, Naspers, an organization he reworked into an ecommerce investor & cable TV powerhouse.

Koos has made a number of worthwhile bets for Naspers. During his tenure, the Naspers market capitalisation grew from about $1.2 billion to $45 billion. He is a South African billionaire and one of many wealthiest individuals on the planet.

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Yasseen Monsour’s internet price is $1.9 billion. He is a brother to Mohammed and Youssef whose names are additionally listed right here. Just like his brother, Yasseen can be a shareholder within the family-owned conglomerate, Mansour Group, an organization based by their father, late Loutfy Mansour in 1952.

Yasseen is the chairman of Palm Hills Developments, one in every of Egypt’s greatest actual property builders.

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Isabel Dos

Isabel is the primary Africa’s richest girl with a internet price of $2.2 billion. She is the oldest daughter of a former Angola President, Jose Eduardo dos Santos who dominated from 1979 – 2017.

Isabel owns stakes in telecommunications, media, retail, finance, oil, diamonds, and the vitality business in Angola and Portugal.

Recently, the Angolan authorities provisionally charged her with embezzlement and money laundering, however she denies the fees.

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Youssef is
an Egyptian billionaire, a brother to Mohamed and Yasseen and his internet price is $1.9
billion.  He is the chairman of the
family-owned conglomerate, Monsour Group.

He oversees the patron items division which incorporates grocery store chain, metro and sole distribution rights for L’Oreal in Egypt.

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Aziz Akhannouch

Akhannouch occupies the 15th place on the Forbes Africa’s Richest 2020
version record with a internet price of $1.7 billion. He is a businessman and the
present Minister of Agriculture, 2007 until date.

Aziz is the CEO of Akwa Group, an organization he inherited from his father. Akwa Group is a Moroccan conglomerate dealing on petroleum, fuel, and chemical substances.

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Mohammed, a Tanzanian billionaire and politician, has a internet price of $1.6 billion. He is the CEO of Mohammed Enterprises Tanzania Limited (METL). METL is a conglomerate that offers in textile manufacturing, flour milling, drinks, and edible oils with presence in Eastern, Southern and Central Africa.

As at 2018, Dewji occupied the place of youngest African billionaire. Prior to that, he was the primary Tanzanian on the duvet of Forbes Magazine in 2013.

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Benjelloun’s internet price is $1.four billion and bulk of his fortune is from banking and insurance coverage. He is the CEO of BMCE Bank of Africa which operates in additional than 20 African nations. He took over his father’s shareholdings in an insurance coverage firm and constructed it into a number one insurer.

In 2014, he inaugurated a $500 million plan to construct the 55-story Mohammed VI Tower in Rabat, into what is going to turn out to be one of many tallest buildings in Africa. In Addition, Benjelloun is the chairman of Meditelecome and a member of World Union of Arab Bankers.

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Le Roux

Michiel Le
Roux is a South African billionaire with a internet price of $1.three billion. He is the
founder and Board member of Capitec Bank Holdings Limited. Aside this, he’s a Director
of Zeder Investments.

Also, he served because the Managing Director of Boland PKS, NBS Boland and BOE financial institution. Michel owns about 11% stake of Capitec Bank.

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Strive Masiyiwa

Strive occupies the nineteenth place on the Forbes Africa’s richest 2020 version record. He is a London-based Zimbabwean billionaire businessman with a internet price of $1.1 billion. He is a founder and government chairman of the telecommunications, media and expertise firm, Econet Wireless. Also, he has stakes in cell phone networks in Burundi and Lesotho, and investments in Fintech, and energy distribution corporations in Africa.

Strive is a member of the Africa Progress Panel (APP), a bunch of people that advocates for equitable and sustainable improvement in Africa. He is a philanthropist and has assisted a number of Africans along with his wealth.

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Folorunsho Alakija

Folorunsho Alakija is the second African richest woman on the record after Isabel Dos Santos of Angola, and he or she is price $1 billion. She is the vice chair of Famfa Oil, a Nigerian oil exploration firm with a stake in Agbami Oilfield, a prolific offshore asset.

Famfa Oil’s companions embody Chevron and Petrobras. Alakija’s first firm was a fashion label whose prospects included the spouse of former Nigerian president Ibrahim Babangida.

The Nigerian authorities awarded Alakija’s firm an oil prospecting license in 1993, which was later transformed to an oil mining lease. The Agbami subject has been working since 2008. Famfa Oil says it should doubtless function by means of 2024.

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Africa is evolving, and it’s the subsequent large factor. We have all the time maintained at, that entrepreneurship is the answer to our financial drawback and it’s a factor of pleasure once we learn in regards to the exploits of African’s richest businessmen and women.

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Durodola Bolaji

A network marketer, entrepreneur and investor, I am happily married with kids. I reside in Ibadan and run a company in Northern side of Nigeria. I am currently earning passive income working from the comfort of my home using the Internet, email, and the telephone with an incredible sense of security and peace of mind. I've been earning a full-time income from home online since 2014, mostly within the network marketing and direct sales industry, and in recent years.

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