In this article, we take a look at the Richest Man In Africa 2020, Before that, you may be prompted to ask the following questions
- which the Richest Man in the world is?
- Who is the wealthiest Person In the world?
- Who is the Richest Black man In The World?
- Who is the richest Man In Africa?
- Who Is The Richest Woman In the World?
- Who Is The Richest Black Woman In the World
- Who Are The Top Richest MEn In The World
- Who Are The Top Richest Women In the World
all of these questions will be giving an answer and the ones that arent answer has been written about, you can deploy our search on https://kenyaprime.com to check for the posts.
TOP 10 RICHEST MAN IN AFRICA 2020- ALL YOU NEED TO KNOW
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- #1 Aliko Dangote
- NET WORTH: $10.3 Billion
- SOURCE OF WEALTH: Cement, sugar, flour, Self Made
The title of Richest Man in Africa goes to Nigerian billionaire businessman, Aliko Dangote who has held the number 1 spot on this list for several years running. He is the founder and CEO of Dangote Cement, the largest cement producer on the African continent. Dangote owns about 85% of publicly-traded Dangote Cement through a holding company. Dangote Cement company produces 45.6 million metric tons of cement annually and is operating currently in 10 African states. Apart from cement, Dangote also has stakes in publicly-traded salt, sugar as well as flour manufacturing companies. He is currently building a refinery that is under construction for three years now. When completed the refinery will be one of the world’s largest oil refineries. Dangote is ranked 136th on the Forbes Billionaires list for 2020 which means that no African made the top 100 for this year.
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- #2 Mike Adenuga
- NET WORTH: $9.2 Billion
- SOURCE OF WEALTH: Telecom, oil, Self Made
Closely trailing Dangote is another Nigerian, Mike Adenuga. Adenuga is the second richest man in Africa and also in Nigeria. He made his fortune in telecom and oil industries. His mobile phone network, called Globacom, is the third largest operator in Nigeria and has over 43 million subscribers. His oil exploration outfit called Conoil Producing currently operates 6 oil blocks in Nigeria’s Niger Delta. Adenuga got an MBA from Pace University in New York and supported himself as a student by working as a taxi driver. He made his first million at the age of 26 selling lace and also distributing soft drinks. He ranks 156th on Forbes list of Billionaires 2020.
- #3 Nicky Oppenheimer & family
- NET WORTH: $7.3 Billion
- SOURCE OF WEALTH: Diamonds[better-ads type=”banner” banner=”1474″ campaign=”none” count=”2″ columns=”1″ orderby=”rand” order=”ASC” align=”center” show-caption=”1″][/better-ads]
3rd on this list is Nicky Oppenheimer. He is the heir to his family’s fortune and sold his 40% stake in diamond firm DeBeers to a mining group called Anglo American for $5.1 billion in cash in the year 2012. Nicky was the third generation of his family to run DeBeers, and he took the company private in the year 2001. For 85 years running, up until 2012, the Oppenheimer family had a controlling spot in the world’s diamond trade. In the year 2014, Oppenheimer started Fireblade Aviation in the city of Johannesburg, South Africa. The company operates chartered flights and has a fleet of 3 planes and 2 helicopters. Nicky owns at least 720 square miles of conservation land spread across South Africa, Botswana and also Zimbabwe. This 73-year-old South African billionaire comes in at number 200 on Forbes 2020 Billionaires list.
- #4 Nassef Sawiris
- NET WORTH: $6.3 Billion
- SOURCE OF WEALTH: Construction, chemicals
4th on this list of Richest Man In Africa 2020 is a scion of Egypt’s richest family, Nassef Sawiris. His brother Naguib also is a billionaire. Sawiris in the year 2015 split Orascom Construction Industries into two separate entities: OCI and Orascom Construction. He runs OCI, which is one of the world’s largest nitrogen fertilizer producers. OCI has plants in Texas and Iowa and is traded on the Euronext Amsterdam exchange. Orascom Construction is an engineering and building firm that is traded on the Cairo exchange and Nasdaq Dubai. His has stakes in cement giant Lafarge Holcim and Adidas and sits on the supervisory board of Adidas. He is currently 58 years old and ranks 252nd on 2020 Billionaires list of Forbes.
- #5 Johann Rupert & family
- NET WORTH: $5.3 Billion
- SOURCE OF WEALTH: Luxury goods
68-year-old Johann Rupert is chairman of the Swiss luxury goods firm known as Compagnie Financiere Richemont. This company is best known for the Cartier and Montblanc brands. The company was formed in the year 1998 through a spinoff of assets that were owned by Rembrandt Group Limited now known as Remgro Limited, which his father Anton formed sometime in the 1940s. He holds a 7% stake in the diversified investment firm Remgro, which he chairs, and he also has a 25% stake in Reinet, an investment holding co. that is based in Luxembourg. Recently, the billionaire South African has been a vocal opponent of plans to allow fracking in the Karoo. The Karoo is a region of South Africa where the billionaire owns the land. Johann is ranked 317th in the world’s billionaire list 2020 of Forbes.
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- #6 Issad Rebrab & family
- NET WORTH: $3.7 Billion
- SOURCE OF WEALTH: Food, Self Made
Topping the bottom half of this list of Richest Man In Africa is Issad Rebrab. He is the founder and CEO of Cevital, the biggest privately-held company in Algeria. The company owns one of the world’s largest sugar refineries, with the capacity to produce 2 million tons of sugar annually. Cevital also owns European companies, including French home appliances maker Groupe Brandt. It also owns Italian steel mill as well as a German water purification company. Rebrab has also made plans to build a steel mill in Brazil to produce train tracks and also improve transportation logistics for sugar, corn and also soy flour exports. All five of his children work at Cevital. He is the 568th richest man in the world in 2020. Rebrab is currently 75 years old.
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- #7 Naguib Sawiris
- NET WORTH: $2.9 Billion
- SOURCE OF WEALTH: Telecom
64-year-old Naguib Sawiris is a scion of Egypt’s wealthiest family and brother of fellow billionaire, Nassef Sawiris who featured earlier on this list. Naguib built his fortune in telecom, selling Orascom Telecom in the year 2011 to Russian telecom firm VimpelCom now known as Veon in a multibillion-dollar transaction. He is the chairman of Orascom Telecom Media & Technology which has been renamed Orascom Investment Holding to reflect the company’s investments in other sectors. Family holding La Mancha has stakes in companies such as Evolution Mining, Endeavour Mining, and Golden Star Resources, a company that operates gold mines in Africa as well as Australia. In the year 2017, he transferred ownership of La Mancha to his mother, Yousriya Loza-Sawiris. This he did for estate planning purposes. He is ranked 775th on Forbes Billionaires List 2020.
- #8 Koos Bekker
- NET WORTH: $2.3 Billion
- SOURCE OF WEALTH: Media, investments, Self Made
Koos Bekker is a 66-year-old South African billionaire who is revered for transforming South African newspaper publisher Naspers into a reputable e-commerce investor & cable TV powerhouse. Bekker led Naspers to invest in Chinese Internet and media firm Tencent in the year 2001, a move which is by far the most profitable of the bets he has made on companies elsewhere. Naspers has a 31% share in Tencent, and Bekker is a non-executive director at the Chinese company. Naspers sold off a 2% stake in Tencent in March 2018, which was the first time the company reduced his shares in Tencent. Naspers, however, stated that it would not be selling again for another 3 years. Bekker retired as CEO of Naspers in March of 2014 but returned as chairman of the company in April 2015. He is ranked 1008th in the world of Billionaires currently.
- #8 Isabel dos Santos
- NET WORTH: $2.3 Billion
- SOURCE OF WEALTH: Investments
Tied in 8th place on this list of Richest Man In Africa 2020 is Isabel dos Santos, the oldest daughter of long-serving former Angolan president, Jose Eduardo dos Santos, who stepped down recently in 2017. She was made ahead of Sonangol, the state-owned oil firm by her father in June 2016. She was however removed from the role in November 2017 by the new president. While her father was president, Isabel ended up with stakes in several Angolan companies including banks and a telecom firm. She has shares in Portuguese companies, including telecom companies and the cable TV firm Nos SGPS. Isabel is 45 years old currently and is the 1008th richest billionaire in the world for 2020 according to Forbes.
- #8 Mohamed Mansour
- NET WORTH: $2.3 Billion
- SOURCE OF WEALTH: Diversified, Self Made
Rounding up this list of Richest African Man 2020 is Egyptian, Mohamed Mansour. He oversees the family conglomerate Mansour Group, that was founded by his father Loutfy in the year 1952. The company currently has 60,000 employees. Mansour in 1975 established General Motors dealerships in Egypt and later became one of GM’s biggest distributors worldwide. The company also has exclusive distribution rights for Caterpillar equipment in Egypt as well as seven other African countries. Mansour served as the Minister of Transportation of Egypt from 2006 to 2009 under the regime of Hosni Mubarak. His two brothers, Yasseen and Youssef, also share ownership in the family group and are also billionaires. His son Loutfy heads the private equity arm Man Capital. Aged 71 currently, Mansour is the 1008th richest billionaire in the world based on Forbes ranking.
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Conclusion In Top 10 Richest Man In Africa 2020- All You Need To Know
That’s all on the Richest Man In Africa list for 2020.
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