Top 10 African Billionaires in 2017
Every year new list of billionaires from countries, to continent and the world at large, emerge to show the falling and rising of billionaires and their current estimated net worth. Yes, there is no permanent seat for anyone on that list although some business tycoon has worked so hard to maintain their position for long and even go higher. While on the other hand with few digits off the net worth they fall down the list.
Right here we’ve put together a list of top ten African billionaires in 2017. We believe anybody who works hard and is fortunate enough can get on that list. So we hope to find your name there someday.
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| The Top 10 Richest in Africa |
#10 – Mohamed Mansour $2.7 Billion
An Egyptian businessman born 1948. Father of two and the Chairman of Mansour Group a multinational conglomerate that deals: automotive; banking and real estate; education, IT and telecommunications; consumer goods; machinery and equipment; media and advertising transport and logistics; as well as oil and gas. Although there is still good revenue Mansour Group generates
outside Egypt including its sales of Caterpillar in Russia and six other African countries. And over $500, 000 000.00 investments in the United States, Dubai, and Africa.
#9 – Issad Rebrab $3.1 Billion
Billionaire businessman born May 27th, 1944 from Algerian, father of five and Cheif Executive Officer of CEVITAL a company with over $200 million invested in building a Brandt plant in Algeria after he had acquired Groupe Brandt in 2014. he was said to be a customer of Panamanian law firm Mossack Fonseca, through which he got offshore firms to register a Swiss bank account contempt of Algerian laws.
#8 – Isabel dos Santos $3.3 Billion
Isabel dos Santos is an Angola woman considered to be the richest in Africa by world popular magazine like Forbes. Mother of three and daughter of Jose Eduardo dos Santos who is Angola’s longtime president since 1979 who according to research transferred stakes in different companies the Isabel. And later on in 2016, he made her the head of Sonangol, the country’s state oil firm. Currently, she owns close to 19% of Banco BPI, Angola’s fourth-largest bank, 6% of oil and gas firm Galp Energia, 42% of Banco BIC (bank) and 25% of Unitel which is Angola’s largest mobile phone network. She is also known as an independent business woman and private investor.
#7 – Naguib Sawiris $3.8 Billion
He is age 62 an Egyptian-born billionaire businessman, father of four and formal CEO of Cairo-based Orascom Telecom Media & Technology (OTMT). The company still operates Koryolink, the only 3G mobile telecom firm in North Korea after they sold off it stake in Mobinil to France’s Orange at Egypt. Naguib Sawiris also own major stakes in gold mining companies operating in Canada, Africa and Australia.
#6 – Nassef Sawiris $5.3 Billion
The Chief Executive Officer of Orascom Construction Industries which is one of the world largest nitrogen fertilizer producers. He is a father of four, brother to Naguib Sawiris and an Egyptian-born billionaire businessman age 56. OCI has it building facilities in Iowa and plants in Texas. The company split its entities in 2015 Orascom Construction trades on Egypt’s Exchange and Nasdaq Dubai, while OCI trades on the Euronext Amsterdam exchange. He owns about 5% of cement giant LafargeHolcim, and 7% of Adidas.
#5 – Christoffel Wiese $5.5 Billion
A 75 years old South African billionaire businessman and father of three. He is the chairman of Pepkor where his ownership is 44percent. The billionaire owns a consumer retail empire capitalizing on bargain prices in South Africa and has expanded its geographic footprint. In December 2015, Wiese’s furniture and home goods retailer Steinhoff moved its listing from the Johannesburg Stock Exchange to the Frankfurt Stock Exchange to focus on the European market. In August 2016, Steinhoff entered the U.S. market, announcing plans to buy Mattress Firm Holding Corp., which owns Sleepy’s, a chain with 1,000 mattress stores, for $2.4 billion. His other investments include 15% of publicly-traded Shoprite Holdings, which has supermarkets, furniture stores and fast food outlets in 15 countries across Africa and the Indian Ocean Islands; and stakes in private equity firm Brait, industrial products company Invicta Holdings and mining-sector investor Pallinghurst.
#4 – Johann Rupert $5.5 Billion
67 years old, father of three and the chairman of Compagnie Financiere Richemont, South Africa with an estimated net worth of 7.7 billion dollars in 2013. The company is well known by their Cartier and Montblanc brands formed in 1998. He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding company based in Luxembourg that has a stake in British American Tobacco. Rupert also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother. According to him, his biggest regret was not buying half of Gucci when he had the opportunity to do so for just $175 million, adding that his advice to entrepreneurs is to “follow your gut.
#3 – Mike Adenuga $5.8 Billion
He is a Nigerian-born billionaire businessman and father of seven. He is the Founder of Globacom and Chairman of Conoil. In Nigeria where Aliko Dangote is leading the way, Michael Adenuga is the second richest having over 36 million users of his mobile phone network, Glo which is the second largest in Nigeria. Also having operations in Ghana and Benin. He started out working as a taxi driver to support himself during his MBA at Pace University in New York. When he returned to Nigeria he ventured into trading lace and Coca-Cola. Along the way he made friends with Nigerian military bigwigs who awarded him lucrative state contracts; those formed the foundation of his fortune.
#2 – Nicky Oppenheimer $7 Billion
Nicky is a 71-year-old South African-born billionaire businessman, father of one and the formal Chairman of De Beers diamond. and also formal chairman of the Anglo American Corporation. The DeBeers diamond heir sold his 40% stake in DeBeers to Anglo American for $5.1 billion in cash in 2012. Anglo American, which Nicky’s grandfather founded, controls 85% of De Beers.
#1 – Aliko Dangote $12.1 Billion
Well known by almost everyone in Nigeria although, not all know him as Africa richestman but by his name on so many consumer items. Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. He owns about 90% of publicly-traded Dangote Cement through a holding company. Dangote Cement produces 44 million metric tons annually and plan to increase its output 33% by 2020. Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies.
