Top richest people in Africa

President of Dangote Group, Aliko Dangote, has retained his position as Africa's wealthiest man for the eleventh year in a row. The Nigerian billionaire businessman is ranked 64th on the global billionaires’ index.

Let's take a look at the top richest people in Africa and their net worth.

1. ALIKO DANGOTE

   Aliko Dangote, Africa’s richest person, founded and chairs Dangote Cement, the continent’s largest cement producer.

He owns 85% of publicly-traded Dangote Cement through a holding company.

Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa.

After many years in development, Dangote’s fertilizer plant in Nigeria began operations in mid-2021.

Dangote Refinery has been under construction since 2016 and is expected to be one of the world’s largest oil refineries once complete. His net worth is $13.9 billion.

2. JOHANN RUPERT & FAMILY

   Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont.

The company is best known for the brands Cartier and Montblanc.

It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s.

He owns 7% of diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding company based in Luxembourg.

In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land. His net worth is $11billion.

3. NICKY OPPENHEIMER & FAMILY

   Nicky Oppenheimer, heir to the DeBeers diamond fortune, sold his 40% of the firm to mining group Anglo American for $5.1 billion in cash in 2012.

For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade.

He was the third generation of his family to run DeBeers, and took the company private in 2001.

In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights.

He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe. His net worth is $8.7 billion.

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4. NASSEF SAWIRIS

   Nassef Sawiris is an investor and a scion of Egypt’s wealthiest family.His most valuable asset is a nearly 6% stake in sportswear maker Adidas.

In December 2020, he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of NBA Nicks and the NHL Rangers teams.

He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam Exchange.

Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai.

His holdings include stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. His net worth is $8.6 billion.

5. ABDULSAMAD RABIU

    Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.

In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled.

The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it.

Rabiu, the son of a businessman, inherited land from his father.

He set up his own business in 1988 importing iron, steel and chemicals.

His net worth is $7 billion.