By Spy Uganda
American business magazine Forbes recently released the list of the richest people in Africa.
According to the report, the top 18 richest people on the continent have an average networth of $4.1 billion. Nigeria’s Aliko Dangote tops the list of the wealthiest Africans for the tenth year in a row thanks to a 30% increase in the share price of his Dangote Cement Company.
Egyptian Nassef Sawiris, who controls a 6% stake in sportswear, Adidas, emerged second, while Nicky Oppenheimer of South Africa was ranked third.
Top Gainer
Nigerian cement tycoon, Abdulsamad Rabiu, was the top gainer in 2021 after shares of his BUA Cement PLC listed on the Nigerian Stock Exchange doubled in value.
Methodology Used
The wealth of the richest Africans was calculated using net-worth of stock prices and exchange rates.
The estimates of profits by companies owned by the top richest was also a factor.
See the Full List Of Africa’s Billionaires Below
| Rank | Name | Net Worth | Age | Origin of Wealth | |
|---|---|---|---|---|---|
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#1 | Aliko Dangote | $12.1 B | 64 | cement, sugar |
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#2 | Nassef Sawiris | $8.5 B | 60 | construction, investments |
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#3 | Nicky Oppenheimer | $8 B | 76 | diamonds |
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#4 | Johann Rupert | $7.2 B | 71 | luxury goods |
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#5 | Mike Adenuga | $6.3 B | 68 | telecom, oil |
 |
#6 | Abdulsamad Rabiu | $5.5 B | 61 | cement, sugar |
 |
#7 | Issad Rebrab | $4.8 B | 77 | food |
 |
#8 | Naguib Sawiris | $3.2 B | 67 | telecom |
 |
#9 | Patrice Motsepe | $3 B | 59 | mining |
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#10 | Koos Bekker | $2.8 B | 68 | media, investments |
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#11 | Mohamed Mansour | $2.5 B | 73 | diversified |
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#12 | Aziz Akhannouch | $2 B | 60 | petroleum, diversified |
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#13 | Mohammed Dewji | $1.6 B | 46 | diversified |
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#14 | Youssef Mansour | $1.5 B | 76 | diversified |
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#15 | Othman Benjelloun | $1.3 B | 88 | banking, insurance |
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#16 | Michiel Le Roux | $1.2 B | 72 | banking |
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#16 | Strive Masiyiwa | $1.2 B | 60 | telecom |
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#18 | Yasseen Mansour | $1.1 B | 59 | diversified |
