Africa richest man in the world 2020

Every year Forbes put out a list of the top 10 richest man in the world. In this article, we put out the list of 10 richest people in the world according to the Forbes list of 11 January Here we will also discuss some of the interesting facts regarding each billionaire.

He derives his wealth from 70 different brands such as Marc Jacobs. Bill Gates launched Microsoft with Paul Allen in Microsoft was first recognized when IBM asked Microsoft to develop a new operating system for their computers. Mark Zuckerberg is the youngest billionaire who got the tag of a billionaire at the age of Mark acquired his fortune from his social networking company, Facebook.

Initially, Facebook was launched to connect friends in colleges; eventually, the platform became the most popular social network, estimated to have 2. This Chinese billionaire has made to the list of 10 richest men in the world and richest person in Asia, all thanks to his beverage company Nongfu Spring in China. Before owning a company, Zhong held various odd jobs like a construction worker and many more. Zhong Shanshan also owns a pharma company known as Wantai.

Larry Ellison derives his fortune from a tech company known as Oracle Corporation, cofounded in Other than Oracle, he owns stakes from companies like Tesla, Salesforce. Larry Ellison also owns Hawaiian Island Lanai.

Initially, he worked as a security analyst before starting his own company. Larry Page, the co-founder of Google. He cofounded Google in with Sergey Brin. He is in the 9th position in terms of the 10 richest people in the world.

Other than google, he is also the co-founder of Alphabet. He has also invested in planetary resources. Sergey Brin comes at 10th position in the list of 10 richest man in the world.An updated list of richest men in Africa and their net worth presently.

Africa is known as the poverty capital of the world. It is therefore refreshing to see for a change, a list of people who have defeated all odds to become wealthy on a scale that will impress even the wealthy in the wealthiest countries of the world.

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It is with keen interest that we have compiled this list of wealthiest billionaires in Africa, and we know that it is with a similar level of interest that you will read. Whether for research purposes, for self motivation, or just out of curiosity- whatever your reason, we welcome you, and we present the top 10 richest men in Africa. Have you heard of the DeBeers family- The mysterious mining family said to be an offshoot of the Rothschild family? He was the third generation of his family to run DeBeers mining investments, and took the company private in The company operates chartered flights with its fleet of aeroplanes and helicopters.

He owns at least square miles of conservation land in 3 countries: South Africa, Botswana and Zimbabwe. He received seed capital from his uncle, and so went into the distribution of rice. Dangote Cement produces He inherited a fortune so large that his brother Naguib is also a billionaire. It is an international company with facilities in Texas and Iowa.

The company is traded on the Euronext Amsterdam exchange. Orascom Construction, an engineering and building firm, is also traded on the Cairo exchange as well as Nasdaq Dubai. Nassef Sawiris has also made significant investments in sports; through his holding company he owns a 35 percent stake in Aston Villa Football Club of England. He built his fortune on telecom and oil production. It is the third largest operator in Nigeria, with 43 million subscribers.

Mike Adenuga also sits at the helm of Conoil, a petroleum exploration, Producing, and marketing company. According to him he made his first million at age 26 selling lace and distributing soft drinks. It was formed in through a breakdown of assets owned by holding company Rembrandt Group Limited now Remgro Limitedestablished by his father Anton Rupert in the s. In recent years, the fifth richest men in Africa, Johann Rupert has become a vocal environmental activist. Cevital has assets all over the world.

The company owns French home appliances maker Groupe Brandt, an Italian steel mill and also a German water purification company.

Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons of processed sugar every year. Mohammed Mansour is at least a second generation billionaire. He inherited his wealth and position from his father. Today, he oversees the family conglomerate; Mansour Group, which was founded by his father. The company has 60, employees. Some of his business involves selling vehicles. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt, as well as seven other African countries.

Most men in his family are billionaires, including his young son. The Sawiris family is the richest in Egypt, and one of the richest in Africa. Naguib Sawiris built a fortune in telecom. He remains the chairman of Orascom TMT Investments, which has stakes in a major asset manager in Egypt and also diverse investments including an Italian internet company, among others. Addulsamad Rabiu, one of the richest men in Africa, is the founder of BUA Group, which is a Nigerian group of businesses dealing in cement production, sugar refining and real estate development.

Rabiu owns Patrice Motsepe, is the founder and chairman of African Rainbow Minerals.Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. His primary businesses include cement, sugar and flour. Dangote refineries are expected to come online in I was so interested in business, even at that time. He is the creator of several luxury goods including brands such as Cartier and Mont Blanc.

Apart from that, this South African billionaire owns shares in several multi-national companies. These include Reinet as well as Romego Limited.

Johann Rupert is the richest South African and the second richest person in Africa. Based in South Africa, Nicky Oppenheimer made the bulk of his fortune from the diamond trade. He owns shares in several corporate companies such as Anglo-American. Nicky Oppenheimer is one of the wealthiest people in Africa.

Last year, he collaborated with the Dubai International Petroleum Investment Cooperation to fund a coal-based power plant at his birthplace. It has plants in Texas, and is building facilities in Iowa. Originally Orascom Construction Industries, Sawiris split the company into two entities in The funds benefit Egyptian students. Wiese is a retail genius in South Africa, who has interests and investments in several South African establishments such as fast food chains, supermarkets, and furniture stores.

World’s Billionaires List

He also has invested in many organizations in more than 15 countries. Bargain Shopping African retail tycoon made an end run on big urban-market competitors by targeting rural and low-income areas with rock-bottom prices and everyday items. His central distribution system also made more efficient work of stocking shelves. Wiese today presides over 11, stores across 30 countries.

This Nigerian billionaire is an investor in the telecommunications and oil production industries. He is the founder of Globacom Limited, which is the second largest phone network in Nigeria. He oversees and manages the growth and functioning of Mansour Group and General Motors simultaneously.

africa richest man in the world 2020

This Algerian businessman gained his well through his investments in the food industry. He is the founder of the largest private conglomerate in Algeria — Cevital. This organization owns the biggest sugar refineries in the world. It is also involved in the production of vegetable oil and margarine. It is quite the lucrative business since OTMT has invested in various industries such as media, mobile phone and other technological companies in countries as Pakistan and Lebanon.

Compared to his Egyptian Billionaires, Mansour brothers, Youseff maintains a very low profile. Apart from being a major stakeholder of Mansour Group, he is also interested in the field of consumer goods. The richest self-made female billionaire in Africa. Her first organization was a designer brand that specialized in elite clothing.

Subsequently, she started investing in Nigerian oil production as well. She is one of the richest women in the world. The Moroccan billionaire invests in banking, telecom, and insurance industries through his company FinanceCom. He runs the Mansour Group along with his brothers in Egypt.

The company specializes in Caterpillar dealerships. The company also has diversified interests into other industries. Yassen also is the founder of big-time real estate developing company — Palm Hills Development.In fact, the only two women billionaires from Africa have both fallen off the list. And Isabel dos Santos, who since has been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal.

In Januarythe attorney general of Angola charged Dos Santos with embezzlement and money laundering. Through a spokesperson, Dos Santos declined to comment.

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The 18 billionaires from Africa hail from seven different countries. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two.

10 Richest Men in the World | 2021 Update |

Our lists tracks the wealth of African billionaires who reside in Africa or have their primary business there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U.

Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, To value privately held businesses, we start with estimates of revenues or profits and apply prevailing price-to-sale or price-to-earnings ratios for similar public companies. Some list members grow richer or poorer within weeks-or days-of our measurement date.

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africa richest man in the world 2020

Sign in. Log into your account. Forgot your password? Password recovery. Recover your password. Get help. Please follow and like us:. CBN says revised cheque book becomes fully operational April 1. Please enter your comment! Please enter your name here. You have entered an incorrect email address! Gunmen kill 1, abduct ex-U.

Africa’s Billionaires: Richest People In Africa, 2020

FAAC shares N Again, Buhari challenges Kaduna indigenes on peace, harmony September 21, March 13, Load more. CBN says revised cheque book becomes fully operational April 1 January 23, January 23, Diasporic Nigerians can travel home with their foreign passports as FGWho is the richest man in Africa? This is the 33rd year of tracking Global wealth income and this list has been pretty much our favorite. Here is a list of the top 10 Richest men in Africa.

Mansour heads General Motors in Egypt and it was established in Egypt in and has since become one of General Motors biggest distributor in the world. She found her fortune when she invested in stakes in Angolan companies including banks and a telecom firm, this all took place when her father was in power.

Koos Bekker is a billionaire from South Africa and he is the man behind the success of Naspers. Naspers is a broad-based multinational internet and media group headquartered in South Africa, it operates in more than countries.

They both coe from a very wealthy family and they are three brothers. Telecommunication is the origin of wealth for Naguib. He has taught accounting and commercial law. Issad later left teaching, and started his own accounting firm.

He owns Cevital which has the largest sugar refineries in the world. Richemont is best known for the brands Cartier and Montblanc. His brother Naguib is also a billionaire.

He runs one of the largest nitrogen fertilizer producers in the world OCI. OCI has plants in Texas and Iowa. His holdings embrace stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory board of Adidas. He currently lives in London and also stays in New-York from time to time.

His grandfather founded the company Anglo American in which Nicky now owns an estimated one percent stake in. He was once a chairman of De Beers which is a Diamond mining company and was also a deputy chairman of Anglo American in the early stages of his life.

Other than the wealth he has acquired from diamonds, Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa. Adenuga is currently the second richest man in Nigeria and designed his fortune in telecommunication and oil production.

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He is the owner of Globacom which is currently the third largest operator in the Continent of Africa. Globacom is also largely used in Ghana and Benin. Adenuga, born on 29 Aprilstarted his career back in when he received a drilling license. Dangote has largely invested in cement, sugar, flour hence his origin of wealth. He also has a book where he explains how he gained wealth and how he used to buy sweets and give them to others to sell at a very young age, then he kept the profits.

Aliko Dangote is currently the richest man in Africa. Your email address will not be published.

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Couple duos are not rare in the music industry. Bring their own distinct hip-hop twist from the United States to you. Music that seeks to boost vibrations while encouraging positive vibes.In Africa—as elsewhere in the world—the wealthiest have come through the pandemic just fine.

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The biggest gainer this year is another Nigerian cement tycoon, Abdulsamad Rabiu. In fact, the only two women billionaires from Africa have both fallen off the list. And Isabel dos Santos, who since has been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal.

In Januarythe attorney general of Angola charged Dos Santos with embezzlement and money laundering. Through a spokesperson, Dos Santos declined to comment. The 18 billionaires from Africa hail from seven different countries.

South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Our lists tracks the wealth of African billionaires who reside in Africa or have their primary business there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa.

We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, To value privately held businesses, we start with estimates of revenues or profits and apply prevailing price-to-sale or price-to-earnings ratios for similar public companies. Some list members grow richer or poorer within weeks-or days-of our measurement date.

Top 50 Richest Africans

Source: Forbes. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed. Connect with us.

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Business "Awareness and Observation, Keys to success in ," Prof. Ndubuisi Ekekwe. Business Atiku Abubakar sells off Intels stake. Business The Alibaba founder Jack Ma suspected missing. Kerry A. DolanForbes Staff Source: Forbes. Continue Reading. You may like.Posted by: Kennedy Ilediagu. The list of the richest men in Africa was released by Forbes magazine in January There was no significant difference in the positions but there was a magnificent drop in their net worth.

Two Nigerians maintained the first and second positions, with only one woman making the top 10 list while businessmen make up the whole list of 10 richest people in Africa. Regardless of these billionaires having a business mindset, they also know how to live large. They spend a fortune on pricey apartments and luxury cars, leaving no stone unturned wherever they go.

africa richest man in the world 2020

We know you would be interested in knowing what kind of automobiles wealthy people in the continent drive. Here is a list of the top 10 richest men in Africa and their cars.

Even though many people argue that Isabel dos Santos got her wealth as a result of her father's dictatorship, it still doesn't make her poor. She was the head of Angola's oil organization, Sonangol. She stepped down in when a new president took over from her dad who has been in power for decades.

She also has shares in companies in Portugal and around the world. Isabel is the richest woman in Africa in Besides exotic cars, Isabel also owns a Hayken yacht. Impressive, isn't it? InAfrica registered its first dollar billionaire. No, it wasn't Dangote, one of the most famous African billionaires.

africa richest man in the world 2020

It was Patrice Motsepe. His company, African Rainbow Minerals is popular for mining gold in South Africa and he's also the owner of the famous Mamelodi sundowns football club. Cars owned by Patrice Motsepe, one of the richest men in African continent. Well, Naguib Sawiris is his brother. He sold the telecommunications division of their company to Vimpelcom, a Russian firm in for trillions of naira.

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But he still has stakes in gold mining companies like Golden stay, Endeavour Mining, and Evolution mining. The Range Rover Sport is his everyday ride. Loufty Mansour founded the Mansour group in He died about 25 years later and left a chunk of the stake for his son, Mohamed Mansour. Mohammed's brothers, Youssef and Yasseen are also billionaires but Mohammed is richer and get into this list of the richest African.

He also drives the best cars. Mohamed Mansour, his crib and car collection. Cevital, the biggest private company in Algeria is owned by Issad Rebrab and family. He founded the company that owns Groupe Brandt a French appliance manufacturera water purification company in Germany, and a steel mill in Italy. Issad Rebrab is listed in Forbes' list of 5 Algerian multi-millionaires. All five of his children are employed by the company and they are planning on expanding production in Brazil.

Anton Rupert founded the Rembrandt group in the mids in Switzerland. The company is known for making some of the world's most expensive luxury items. He is one of the richest South Africans alive and is against the oil exploration going on in his hometown, Karoo in South Africa.

The Sawiris family is the wealthiest in the whole of Egypt.