• Africa’s Top 10 billionaires list 2019

    Few months back, Forbes released a list of the top 20 billionaires in the African continent. The number of African billionaires went down to 20 from the figure of 23 in the past year even though the average net worth of each individual climbed up to a figure of $3.4 billion.

    Isabel dos Santos and Folorunsho Alakija were the only two women in the list, holding the 8th and 19th position respectively. The youngest billionaire on the list is 44 year old Mohammed Dewji who is in the 14th position.

    Egypt and South Africa have the same number of representatives in the list with five each while Nigeria has four names. Morocco has two names in the list while Algeria, Angola, Tanzania and Zimbabwe has one billionaire each.

    Roll down for the top 10 billionaires in Africa from the list.

    1. Aliko Dangote

    Aliko Dangote of Nigeria is Africa’s richest person for a consecutive period of eight years. His current net worth is $10.3 billion which is $2 billion less than last year. This has been attributed to the 20% drop in the price of Dangote Cement, his most precious business.

    2. Mike Adenuga

    Mike Adenuga, with his telecom and oil businesses come next. Coming from Nigeria, his net worth is $9.2 billion which indicates a dramatic rise from the value of $5.3 billion in 2018. He owns the mobile phone network owns Globacom and the oil exploration firm Conoil Producing.

    3. Nicky Oppenheimer

    Nicky Oppenheimer of South Africa, whose grandfather founded DeBeers diamonds comes third. Nicly sold the firm to mining giant Anglo American for $5.1 billion in 2012. His current net worth is $7.3 billion.

    4. Nassef Sawiris

    Nassef Sawiris of Egypt claims the 4th position with a net worth of $6.3 billion. He has his stakes in the Orascom Construction Industries and also in the field of chemicals.

    5. Johann Rupert

    Johann Rupert, the chairman of the luxury-goods company Richemont and the South Africa-based company Remgro, ranks next with a net worth of $5.3 billion. The 69 year old businessman is from South Africa.

    6. Issad Rebrab

    Issad Rebrab comes in 6th position with a net worth of $3.7 billion. Rebrab is from Algeria and is the CEO of the Cevital industrial group. His business activities are mainly in the sectors of steel, food, agribusiness and electronics.

    7. Naguib Sawiris

    Naguib Sawiris from Egypt comes next and his net worth is $2.9 billion. The 65 year old businessman is the chairman of Orascom Investment Holding and also hold stakes in the mining industry.

    8. Koos Bekker

    Koos Bekker, the chairman of the media group Naspers comes next with a figure of $2.3 billion as net worth. Bekker is from South Africa and is 66 years old.

    9. Isabel dos Santos

    Isabel dos Santos, the daughter of Angola’s former President José Eduardo dos Santos is currently the richest African woman with a net worth of $2.3 Billion. She holds stakes in various companies and is also a private investor.

    10. Mohamed Mansour

    Mohamed Mansour, the chairman of the Egyptian Mansour Group ranks 10th with a net worth of $2.3 billion. His group is one of the biggest worldwide distributors of General Motors.

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