JUST IN: Top 20 richest men in Africa in 2024: their net worth and profile

Top 20 richest men in Africa in 2024: their net worth and profile

Top 20 richest men in Africa in 2024: their net worth and profile

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The African continent is blessed with great minds, successful entrepreneurs, and career people. The richest men in Africa do not have a single income stream. Instead, they have interests in multiple sectors. Discover the wealthiest people on the continent, their ages, and how they made their wealth.

Aliko Dangote, Johann Rupert, and Nassef Sawiris are among the richest men in Africa. Photo: Chris Ratcliffe, David Cannon/Getty Images, Stephen Yang/Bloomberg (modified by author)
Source: Getty Images

TABLE OF CONTENTS

This list of the richest men in Africa is strictly based on individual net worth as of March 2024. These wealthy persons come from different countries on the continent. Note that the list may not include affluent people whose net worth is not known in the public domain.

Overview of the richest men in Africa

RankingNameNet worth(as of March 2024)1Aliko Dangote$13.5 billion2 Johann Rupert & family$12.1 billion3Nicky Oppenheimer$9.5 billion4Nassef Sawiris$8.9 billion5Mike Adenuga$6.7 billion6Abdulsamad Rabiu$5.2 billion7Naguib Sawiris $3.8 billion8Mohamed Mansour$3.2 billion9Koos Bekker$2.6 billion10Patrice Motsepe$2.5 billion11 Issad Rebrab & family$2.5 billion12Stephen Saad$1.9 billion13 Strive Masiyiwa $1.8 billion14Mohammed Dewji $1.8 billion15Aziz Akhannouch & family $1.6 billion16Othman Benjelloun & family$1.4 billion17Femi Otedola$1.4 billion18Youssef Mansour$1.3 billion19Yasseen Mansour$1.2 billion20Christoffel Wiese$1.2 billion

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Richest men in Africa: top 20 list

Below is an exploration of Africa’s wealthiest people in 2024. These are people who have invested heavily in various sectors. Some are self-made, while others got a boost from their families.

20. Christoffel Wiese – $1.2 billionChristo Wiese, board member of Shoprite Holdings Ltd., at the Beau Constantia wine farm in Cape TownChristo Wiese, board member of Shoprite Holdings Ltd., at the Beau Constantia wine farm in Cape Town, South Africa. Photo: Dwayne Senior/Bloomberg via Getty Images
Source: Getty ImagesDate of birth: 10 September 1941Age: 82 years (as of March 2024)Country of birth: South AfricaSource of wealth: Consumer retailNet worth: $1.2 billion

Christoffel Wiese’s most valuable asset is Shoprite, but he also holds stakes in real estate firm Collins Property Group, investment holding company Brait and industrial products distributor Invicta Holdings. Christoffel Wiese’s net worth is $1.2 billion.

19. Yasseen Mansour – $1.2 billionYasseen Mansour is pictured in a grey suitYasseen Mansour is pictured in a grey suit: @Daily News Egypt (modified by author)
Source: UGCDate of birth: 1 January 1961 Age: 63 years (as of March 2024)Country of birth: EgyptSource of wealth: Financial investment and real estateNet worth: $1.2 billion

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Yasseen Mansour is a successful businessman and part owner of the Mansour Group. He is also the chairman of Palm Hills Developments and has multiple Credit Suisse accounts per Suisse secrets. Yasseen Mansour’s net worth $1.2 billion.

18. Youssef Mansour – $1.3 billionYear of birth: 1944/ 1945Age: 78/79 years (as of March 2024)Country of birth: EgyptSource of wealth: Financial investmentNet worth: $1.3 billion

Youssef Mansour is chairman of family-owned conglomerate called The Mansour Group, which was founded by his father Loutfy in 1952. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. Youssef Mansour’s net worth is $1.3 billion.

17. Femi Otedola – $1.4 billionFemi Otedola, chairman of Geregu Power Plc, during the commissioning ceremony of the Dangote Industries Ltd. oil refinery and fertilizer plantFemi Otedola, chairman of Geregu Power Plc, during the commissioning ceremony of the Dangote Industries Ltd. oil refinery and fertilizer plant site in Lagos, Nigeria. Photo: Benson Ibeabuchi/Bloomberg
Source: UGCDate of birth: 4 November 1962 Age: 61 years (as of March 2024)Country of birth: NigeriaSource of wealth: Oil and power industriesNet worth: $1.4 billion

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Femi Otedola is a Nigerian businessman and philanthropist. He is the former chairman of Forte Oil PLC, and is the current executive chairman of Geregu Power PLC. Femi Otedola’s net worth is $1.4 billion.

16. Othman Benjelloun & family – $1.4 billionOthman Benjelloun on the opening day of the annual meetings of the International Monetary Fund and World BankOthman Benjelloun on the opening day of the annual meetings of the International Monetary Fund and World Bank in Morocco. Photo: Hollie Adams/Bloomberg
Source: Getty ImagesDate of birth: 20 January 1932 Age: 92 years (as of March 2024)Country of origin: MoroccoSource of wealth: BankingNet worth: $1.4 billion

Othman Benjelloun is a banker billionaire businessman. He is known for co-founding of BMCE Bank and Bank of Africa. He serves as the bank’s chairman. Othman Benjelloun’s net worth is $1.4 billion.

15. Aziz Akhannouch & family – $1.6 billionAziz Akhannouch addresses the 77th session of the United Nations General AssemblyMoroccan Prime Minister Aziz Akhannouch addresses the 77th session of the United Nations General Assembly at the UN headquarters in New York City. Photo: Angela Weiss/AFP
Source: Getty ImagesYear of birth: 1961Age: 63 years (as of March 2024)Country of origin: MoroccoSource of wealth: Political career, petroleum, gas, and chemicals productionNet worth: $1.6 billion

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Aziz Akhannouch is the Prime Minister of Morocco. His government took office on 7 October 2021. He is the majority owner of Akwa Group, a multibillion-dollar conglomerate co-founded by his father.

The conglomerate has interests in petroleum, gas and chemicals. Aziz Akhannouch’s net worth is $1.6 billion.

14. Mohammed Dewji – $1.8 billionTanzanian businessman Mohammed Dewji at his office in Dar es SalaamTanzanian businessman Mohammed Dewji at his office in Dar es Salaam. Photo: Khalfan Said Hassan/AFP
Source: Getty ImagesDate of birth: 8 May 1975Age: 48 years (as of March 2024)Country of origin: TanzaniaSource of wealth: Textile manufacturing, flour milling, beverages, and edible oilsNet worth: $1.8 billion

Mohammed “Mo” Gulamabbas Dewji is a Tanzanian billionaire businessman and former politician. He is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s. Mohammed Dewji’s net worth is $1.8 billion.

13. Strive Masiyiwa – $1.8 billionGroup Executive Chairman for Econet Wireless Global Strive Masiyiwa speaks onstage during the Concordia Annual SummitGroup Executive Chairman for Econet Wireless Global Strive Masiyiwa speaks onstage during the Concordia Annual Summit at Grand Hyatt New York. Photo: Riccardo Savi/Getty Images
Source: Getty ImagesDate of birth: 29 January 1961Age: 63 years (as of March 2024)Country of origin: ZimbabweSource of wealth: TelecomNet worth: $1.8 billion

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Strive Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist. He overcame protracted government opposition to launch the mobile phone network called Econet Wireless Zimbabwe in Zimbabwe in 1998. Strive Masiyiwa’s net worth is $1.8 billion.

12. Stephen Saad – $1.9 billionAspen Group Chief Executive Stephen Saad poses in JohannesburgAspen Group Chief Executive Stephen Saad poses in Johannesburg, South Africa. Photo: Russell Roberts/Financial Mail/Gallo Images/Getty Images
Source: Getty ImagesDate of birth: 23 June 1964Age: 59 years (as of March 2024)Country of origin: South AfricaSource of wealth: PharmaceuticalsNet worth: $1.9 billion

Stephen Saad is the co-founder of Aspen Pharmacare, a leading drug production company in South Africa. The company is traded on the Johannesburg Stock Exchange. It markets generic medicines in 150 countries. Stephen Saad’s net worth is $1.9 billion.

11. Issad Rebrab & family – $2.5 billionIssad Rebrab, Algerian entrepreneur and CEO of CEVITAL industrial group, sitting in his office in AlgiersIssad Rebrab, Algerian entrepreneur and CEO of CEVITAL industrial group, sitting in his office in Algiers, Algeria. Photo: Farouk Batiche/AFP
Source: Getty ImagesDate of birth: 27 May 1944 Age: 79 years (as of March 2024)Country of origin: AlgeriaSource of wealth: Sugar refinery, water purification, steel milling, and French home appliancesNet worth: $2.5 billion

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Issad Rebrab is the founder and CEO of Cevital, the biggest privately-held company in Algeria. The company owns one of the largest sugar refineries in the world.

He also owns Groupe Brandt, a French home appliances maker, a German water purification company, and an Italian steel mill. Issad Rebrab’s net worth is $2.5 billion.

10. Patrice Motsepe – $2.5 billionPatrice Motsepe speaks before a panel discussion ahead of Global Citizen Festival: Mandela 100Patrice Motsepe speaks before a panel discussion ahead of Global Citizen Festival: Mandela 100 at Sandton Convention Centre in Johannesburg, South Africa. Photo: Jemal Countess/Getty Images
Source: Getty ImagesDate of birth: 28 January 1962 Age: 62 years (as of March 2024)Country of origin: South AfricaSource of wealth: MiningNet worth: $2.5 billion

Patrice Motsepe’s wealth is derived from the mining industry. Motsepe founded African Rainbow Minerals, a diversified mining and minerals company operating in South Africa and Malaysia.

He also owns a private equity company called African Rainbow Capital. Patrice Motsepe’s net worth is $2.5 billion.

9. Koos Bekker – $2.6 billionKoos Bekker gestures as he speaks during the company's extraordinary general meeting in Cape TownKoos Bekker gestures as he speaks during the company’s extraordinary general meeting in Cape Town, South Africa. Photo: Dwayne Senior/Bloomberg
Source: Getty ImagesDate of birth: 14 December 1952Age: 71 years (as of March 2024)Country of origin: South AfricaSource of wealth: Media and investmentsNet worth: $2.6 billion

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Jacobus Petrus “Koos” Bekker is known for transforming Naspers, a South African newspaper publisher, into an e-commerce investor and cable TV company. He was the CEO of Naspers until March 2014. In 2015, he returned to the company as the chairman. Koos Bekker’s net worth $2.6 billion

8. Mohamed Mansour – $3.2 billionMohamed Mansour poses for a photograph following a Bloomberg Television interview in LondonMohamed Mansour, president of Mansour Group, poses for a photograph following a Bloomberg Television interview in London, U.K. Photo: Simon Dawson/Bloomberg
Source: Getty ImagesYear of birth: 1948Age: 76 years (as of March 2024)Country of origin: EgyptSource of wealth: AutoNet worth: $3.2 billion

He is the overseer of Mansour Group, a family conglomerate founded by his late father in 1952. In 1975, he founded General Motors dealerships in Egypt. Mansour served as Egypt’s Minister of Transportation from 2006 to 2009. Mohamed Mansour’s net worth is $3.2 billion.

7. Naguib Sawiris – $3.8 billionNaguib Sawiris poses for a photograph following a Bloomberg Television interview in CairoNaguib Sawiris poses for a photograph following a Bloomberg Television interview in Cairo, Egypt. Photo: Sima Diab/Bloomberg via Getty Images
Source: Getty ImagesDate of birth: 15 June 1954 Age: 69 years (as of March 2024)Country of origin: EgyptSource of wealth: TelecomNet worth: $3.8 billion

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Naguib Sawiris is Nassef Sawiris’ brother. He built a fortune in telecom. In 2011, he sold Orascom Telecom to Russian telecom firm Veon in a multibillion-dollar transaction.

He is the chair of Orascom TMT Investments and the owner of Silversands Resort on the Caribbean island of Grenada. Naguib Sawiris’ net worth is $3.8 billion.

6. Abdulsamad Rabiu – $5.2 billionAbdul Samad Rabiu, chief executive officer of BUA Group, at the Africa CEO Forum in AbidjanAbdul Samad Rabiu, chief executive officer of BUA Group, at the Africa CEO Forum in Abidjan, Ivory Coast. Photo: Andrew Caballero-Reynolds/Bloomberg via Getty Images
Source: Getty ImagesDate of birth: 4 August 1960 Age: 63 years (as of March 2024)Country of origin: NigeriaSource of wealth: Cement production, sugar refining and real estateNet worth: $5.2 billion

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

In 2020, he merged his privately-owned Obu Cement company with Cement Co. of Northern Nigeria. BUA Cement PLC trades on the Nigerian stock exchange. Abdulsamad Rabiu’s net worth is $5.2 billion.

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5. Mike Adenuga – $6.7 billionDate of birth: 29 April 1953Age: 70 years (as of March 2024)Country of origin: NigeriaSource of wealth: Telecom and oil productionNet worth: $6.7 billion

Mike Adenuga is the owner of Globacom, the third-largest mobile phone network operator in Nigeria. He has built a fortune in telecom and oil production. Conoil Producing, his oil exploration firm, operates in the Niger Delta. Mike Adenuga’s net worth is $6.7 billion.

4. Nassef Sawiris – $8.9 billionNassef Sawiris poses for a photograph after an interview in New YorkNassef Sawiris poses for a photograph after an interview in New York, U.S.A. Photo: Stephen Yang/Bloomberg via Getty Images
Source: Getty ImagesDate of birth: 19 January 1961 Age: 63 years (as of March 2024)Country of origin: EgyptSource of wealth: Nitrogen fertilizer productionNet worth: $8.9 billion

Nassef Sawiris is one of the African billionaires in 2024. He runs Orascom Construction Industries, one of the world’s largest nitrogen fertilizer producers. The company trades on the Euronext Amsterdam exchange.

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He also has a 6% stake in Adidas sportswear and a 5% stake in New York-listed firm Madison Square Garden Sports. Nassef Sawiris’ net worth is $8.9 billion.

3. Nicky Oppenheimer – $9.5 billionNicky Oppenheimer stands in a De Beers boardroom in GaboroneNicky Oppenheimer, the Chairman of De Beers, stands in a De Beers boardroom in Gaborone, Botswana. Photo: Per-Anders Pettersson/Reportage by Getty Images
Source: Getty ImagesDate of birth: 8 June 1945Age: 78 years (as of March 2024)Country of origin: South AfricaSource of wealth: Diamond trade and aviationNet worth: $9.5 billion

Nicky Oppenheimer is among the top 20 richest people in Africa. He has amassed his wealth from trading diamonds. He inherited the diamond trading business called DeBeers from his father. Besides DeBeers, he owns and runs Fireblade Aviation, a firm that offers chartered flights in Johannesburg. Nicky Oppenheimer’s net worth is $9.5 billion.

2. Johann Rupert & family – $12.1 billionJohann Rupert plays his second shot on the third hole on Day 1 of the Alfred Dunhill Links ChampionshipJohann Rupert of South Africa, the Chairman and CEO of Richemont, plays his second shot on the third hole on Day 1 of the Alfred Dunhill Links Championship. Photo: David Cannon/Getty Images
Source: Getty ImagesDate of birth: 1 June 1950Age: 73 years (as of March 2024)Country of origin: South AfricaSource of wealth: Trading luxury productsNet worth: $12.1 billion

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Johann Rupert is among the richest men who don’t show their wealth in Africa. He is a simple man who keeps his life rather private. He is the chairman of a Swiss luxury goods company called Compagnie Financiere Richemont. The firm is known for the brands Cartier and Montblanc. He runs the business with his family members. Johann Rupert’s net worth is $12.1 billion.

1. Aliko Dangote – $13.5 billionAliko Dangote speaks during a session on the opening day of the World Economic Forum (WEF)Aliko Dangote speaks during a session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland. Photo: Chris Ratcliffe
Source: UGCDate of birth: 10 April 1957Age: 66 years (as of March 2024)Country of origin: NigeriaSource of wealth: Cement, sugar, automobileNet worth: $13.5 billion

Aliko Dangote is the richest black man in the world. Most of his wealth comes from the Dangote Group, a conglomerate with interests in cement manufacturing, sugar refining, automobile manufacturing, and oil refining. Aliko Dangote’s net worth is $13.5 billion.

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Mansa Musa was an African emperor who is known as the world’s richest man ever. His net worth was about $400 billion.

Who is the richest man in Africa?

The wealthiest man on the continent in 2024 is Aliko Dangote. He has a net worth of $13.5 billion.

Which country in Africa has the most millionaires?

South Africa is home to the highest number of dollar millionaires in Africa. The country has 37,800 people worth at least $1 million.

Who are the top 10 richest men in Africa?

The wealthiest people on the continent are Aliko Dangote, Johann Rupert, Nicky Oppenheimer, Nassef Sawiris, Mike Adenuga, Abdulsamad Rabiu, Naguib Sawiris, Mohamed Mansour, Koos Bekker, and Patrice Motsepe.

Who is the richest man in Nigeria?

Aliko Dangote is the richest person in Nigeria. He is worth $13.5 billion as of March 2024.

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The richest men in Africa are dollar billionaires who have invested in multiple sectors of the economy. These men are respected for their business acumen.

Henzodaily.ng recently published a list of the top male country singers you need to listen to. Country music is a genre that not only has a great legacy but also has an authentic narration that connects deeply with the audience.

This genre has remarkable male talents that have left an indelible mark in elevating country music’s esteemed status globally. These male country singers have been able to convey their emotions and uniqueness in their music.

Source: Henzodaily.ng

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