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CEOWORLD magazine - Latest - Stats Gate - Africa’s Billionaires: Richest People In Africa, 2020

Stats Gate

Africa’s Billionaires: Richest People In Africa, 2020

With a net worth of $10.1 billion, Nigerian billionaire Aliko Dangote is the wealthiest man in Africa and the only African on the list of top 100 richest in the world. Along with Aliko Dangote, three other Nigerian billionaires who made the list were oil and telecoms mogul Mike Adenuga whose fortune is currently estimated at $7.7 billion, Abdulsamad Rabiu ($3.1 billion) and Folorunsho Alakija, with an estimated at $1 billion.

Isabel dos Santos, an Angolan businesswoman, the eldest child of Angola’s former President José Eduardo dos Santos (who served as President of Angola from 1979 to 2017), is the richest woman in Africa.

South Africa is home to 8 billionaires in Africa, followed by Egypt (6 billionaires); Nigeria (4 billionaires); Morocco (2 billionaires); and Algeria, Angola, Eswatini (Swaziland), Tanzania, and Zimbabwe – 1 billionaire each. Only 2 woman features on the list of the 25 richest people in Africa — Angola’s richest person, Isabel Dos Santos and Folorunsho Alakija from Nigeria.

Africa's Billionaires: Richest People In Africa, 2020

RankNameNet WorthCountryAbout
1Aliko Dangote$10.1 billionNigeriaDangote Cement
2Nassef Onsi Sawiris$8 billionEgyptOrascom Construction Industries
3Mike Adenuga$7.7 billionNigeriaGlobacom, Conoil
4Nicky Oppenheimer$7.7 billionSouth AfricaFormerly the chairman of De Beers
5Johann Rupert$6.5 billionSouth AfricaCompagnie Financiere Richemont, Cartier, Montblanc
6Nathan Kirsh$5.1 billionEswatiniJetro Holdings
7Issad Rebrab$4.4 billionAlgeriaCevital
8Mohamed Mansour$3.3 billionEgyptMansour Group
9Abdulsamad Rabiu$3.1 billionNigeriaBUA Group
10Naguib Onsi Sawiris$3 billionEgyptOrascom TMT Investments, Euronews
11Patrice Motsepe$2.6 billionSouth AfricaAfrican Rainbow Minerals
12Koos Bekker$2.5 billionSouth AfricaMedia group Naspers
13Yasseen Mansour$2.3 billionEgyptMansour Group
14Isabel dos Santos$2.2 billionAngolaInvestor
15Youssef Mansour$1.9 billionEgyptMansour Group
16Aziz Akhannouch$1.7 billionMoroccoAkwa Group
17Mohammed Dewji$1.6 billionTanzaniaCEO of METL Group
18Mohamed Al Fayed$1.5 billionEgyptInvestor
19Othman Benjelloun$1.4 billionMoroccoCEO of BMCE Bank of Africa
20Michiel Le Roux$1.3 billionSouth AfricaCapitec Bank
21Stephen Saad$1.2 billionSouth AfricaAspen Pharmacare
22Strive Masiyiwa$1.1 billionZimbabweEconet Wireless Zimbabwe
23Christoffel Wiese$1.1 billionSouth AfricaShoprite Holdings, Brait, Invicta Holdings
24Desmond Sacco$1.1 billionSouth AfricaAssore Group
25Folorunsho Alakija$1 billionNigeriaVice chair Famfa Oil

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CEOWORLD magazine - Latest - Stats Gate - Africa’s Billionaires: Richest People In Africa, 2020

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Ryan Miller
Ryan Miller is a Senior Economist and Alternate Executive Editor at CEOWORLD magazine. He specializes in global finance, labor laws, international banking, public financial management, fiscal policy, and applied microeconomics. In his current role, he oversees the production of special reports, profiles, and lists for the magazine. Prior to this, he was an Advisor to the Editor-in-Chief for one year. Before that, he served as the lead economist for Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama), Europe, and Central Asia in the magazine's news division. Ryan has extensive experience in economic forecasting, surveillance, and providing economic policy advice.

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