Top 15 Richest Men in Africa (Forbes Ranking 2020)

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To be named among the richest men in Africa on Forbes magazine you have to be a billionaire with transparent business and investment portfolios and assets worth millions in value.

Here today, we would review the profile of the top 15 Billionaires in Africa in 2020 as published by Forbes Magazine.

Africa is waking up every day to realize it’s potentials. A lot of rich and mighty men are made in this continent called Africa.

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In recent, many Billionaires have sprung up from Africa, most of these billionaires are businessmen with great business ideas.

Many believe that the business of these billionaires is the major drive of the African economy. Most of them owns companies with several branches spread across Africa and the world at large.

The richest man in Africa is Aliko Dangote,he’s a Nigerian and one of the most populous Businessmen in Africa. A few years ago he emerged as the Richest in Africa and since he maintains the top spot.

Forbes Richest Men in Africa

Join me as I count down the 15 wealthiest men in the continent of Africa in 2020 according to Forbes in 2020.

1. Aliko Dangote ($10.3 billion dollars net worth)

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Aliko Dangote is a Nigeria born citizen. He was born on the 10th of April 1957, in Kano, Kano State, Nigeria.

He’s a multi-billionaire and a business investor. Dangote net worth is around $10.3 Billion dollars. He has Spread his Franchises across most African countries.

No doubt Aliko Dangote is the richest man in Africa.

2. Mike Adenuga ($9.2 billion net worth)

His full name is Michael Adeniyi Agbolade Ishola Adenuga Jr, GCON. He’s the second richest man in Africa. The popular Micheal Adenuga is a Nigerian born billionaire and a businessman, who was born on the 29th of April 1953 in Ibadan, Oyo State, Nigeria.

He owns the second largest telecom company in Nigeria named (Globacom). Among several businesses, he has shares in the Equitorial Trust Bank and Conoil. His net worth is around $9.2 billion US dollars in 2020.

3. Nicky Oppenheimer ($7.3 billion net worth)

His full name is Nicholas F. Oppenheimer. His known as Nicky in South African. He is one of the most rated businessmen in Africa. Nicky is the third richest man in Africa with his net worth around $7.3 billion dollars.

Nicky Oppenheimer was born on 8 June 1945 in South Africa. Nicky was the former chairman of De Beers diamond mining company and former deputy chairman of Anglo American. He is the third richest African.

4. Nassef Sawiris ($6.3 billion net worth)

Nassef Onsi Sawiris is the fourth richest billionaire in Africa. Nassef is an Egyptian born businessman with a net worth of about $6.3 billion dollars. He was born in 1961 in Egypt. Forbes rated him fourth richest man in Africa in 2019.

Nassef Sawiris became the Ceo of Aston Villa after he acquires 45% of the club shares. He majorly invested in Orascom Construction Company and also has shares in Nile Holding Investment, Besix, Adidas AG, and many more.

5. Johann Rupert ($6.7 billion net worth)

Johann Peter Rupert is a South Africa based entrepreneur, he was born in South Africa on 1st June 1950 in Stellenbosch, South Africa.

Johann Peter’s net worth is approximated to $6.7 Billion dollars. His father is Anton Rupert a popular business mogul.

Peter is the chairman of Remgro and south Africa Swiss-based luxury-goods company Richemont. Johann Rupert is a lover of sport and formerly plays cricket.

6. Issad Regrab ($3.9 billion net worth)

Issad Rebrab is an Algerian born business mogul and Ceo of The Cevital industrial group. Issad was born in 1944 in Algeria.

He owns the largest private company with $3.9 billion dollars Net worth in Africa. He’s the chief Executive distributor for Hyundai, Europcar, and Samsung in Algeria.

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7. Naguib Sawiris ($3 billion net worth)

His full name is Naguib Onsi Sawiris. He was born on 17 June 1955 in Cairo. Naguib is an Egyptian based billionaire and businessman with a lot of business establishments.

He’s the chairman of Weather Investments’ parent company, and Orascom Telecom Media and Technology Holding S.A.E. too. Naguib Sawiri’s net worth is around $3 billion dollars.

8. Koos Becker ($2.5 billion net worth)

His full name is Jacobus Petrus Koos Bekker. Koos is a South African based billionaire with several business investments. He was born on 14 December 1952 in Potchefstroom, South Africa.

He’s the chairman of media group Naspers which has the largest market capitalization of any media company besides the United States and China. Koos Becker’s net worth is $2.5 billion dollars.

9. Mohamed Mansour ($3.3 billion net worth)

Mohamed Mansour is an Egyptian based entrepreneur. Mohamed is a popular businessman and politician.

He was born in 1948 in Egypt, Egypt. His net worth is $3.3 billion dollars. Mohamed is the chairman of Mansour Group the second largest company in Egypt by revenue.

Mohamed Mansour is a major distributor for top automated companies like Chevrolet, Marlboro, General Motors and Caterpillar.

10. Patrice Motsepe ($2.5 billion net worth)

His full name is Patrice Tlhopane Motsepe. His a South African born businessman and a billionaire. He. Was born on 28 January 1962 in Ga-Rankuwa, South Africa.

His net worth is around $2.5 billion dollars. Patrice Motsepe majorly invests in mining and is the founder and the chairman of African Rainbow Minerals, which majorly deals with gold, ferrous metals, base metals, and platinum.

11. Strive Masiyiwa ($2.5 billion net worth)

Strive Masiyiwa is a Zimbabwean born and a London-based billionaire. Strive is a popular philanthropist and business mogul.

He is the founder and executive chairman of Econet Wireless. He was born in 1961 in Zimbabwe. His net worth is around $2.5 billion dollars.

12. Aziz Akhannouch ($2.1 billion net worth)

He was born in 1961 in Tafraoute, Morocco. His net worth is around $1.7 billion dollars. Aziz Akhannouch is a businessman and emerges the Minister of Agriculture in his country in 2017 till date.

Aziz is the richest man in his home country and the 12th wealthiest man in Africa. His the CEO of Akwa Group, a Moroccan oil, and gas company.

13. Mohammed Dewji ($1.9 billion net worth)

Mohammed Dewji is a Tanzanian born billionaire and a businessman. Mohammed is formerly a politician and a popular philanthropist. Mohammed Dewji is the 13th richest man in Africa with a net worth approximately $1.9 billion dollars.

He is the owner of Mohammed Enterprises Tanzania Limited (MeTL) Group. According to Forbes Mohammed is the only Billionaire in Tanzania.

14. Othman Benjelloun ($1.7 billion net worth)

Othman Benjelloun was born in the city of Fez, Morocco in 1931. Othman is the 14th richest man in Africa with a net worth of about $1.7 billion dollars.

He took over his father’s shares in an insurance company and ultimately took over that company in 1988.

Othman Benjelloun owns a banking enterprise named BMCE bank with over 20 branches across Africa.

15. Abdulsamad Rabiu ($1.6 billion net worth)

Abdulsamad Rabiu is the founder of BUA Group, a Nigerian Company known for several productions.

Abdulsamad Rabiu is the 15th Richest man in Africa with investments raging from cement production to sugar refining, real estate and a lot more.

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