richest africans

Forbes Magazine is a publication that is well-known for their high quality, well researched and comprehensive lists when it comes to business, entertainment, politics or Technology. It also gives an annual list of richest Africans.

Every year, the company measures the world’s wealth in terms of who has what, who lost what, etc and comes up with a list of people who control the world’s economic resources.

This year 2017 is another year and the company has released their list of the 21 richest Africans – with particular interest in those living in Africa (instead of 21 richest people) and even though Nigerian industrialist, Aliko Dangote is still number one, his net worth dropped with nearly $5 billion to $12.1 billion.

The Forbes notes that in recent years, the fortunes of African billionaires have continued to take a downward spiral with so many dropping completely out of the billionaires’ list.

The dwindling oil prices, faulty economic policies and recent economic crunch in most countries of Africa can be said to be responsible for the turnout of economic events for the continent.

Nigerian business magnate, Aliko Dangote remains Africa’s richest person – a position he occupied since 2011 despite the recession in Nigeria. Others Nigerians in the 2017 African Billionaires list include oil and telecom baron, Mike Adenuga, in 3rd ($5.8 billion) and oil billionaire Folorunsho Alakija, in 13th (alongside Patrice Motsepe of South Africa) with $1.6 billion.

As expected, two Nigerians who featured last year were nowhere in the billionaires’ list this year. Abdulsamad Rabiu dropped from the list as a result of the weakened Nigerian currency, which made his net worth fall below $1 billion. Femi Otedola’s net worth, on the other hand, dropped from $1.6 billion in 2015 to just $330 million (as at the time of writing).

Seven countries produced the 21 African billionaires for 2017. Asides Nigeria, six other African countries feature on the list and they include South Africa (6), Egypt (6), Morocco (3), Algeria (1), Angola (1) and Tanzania (1).

Angola produced the other female on the list besides Nigeria’s Alakija. Isabel dos Santos ($3.2 billion) in 7th is the daughter of the Angolan President and the richest woman in Africa.

Thirteen out of Africa’s 21 billionaires have self-made fortunes, while the other eight inherited their fortunes.

Here’s a Comprehensive List of 21 Richest Africans

Name: Aliko Dangote (Nigeria)

Net Worth: $12.1 billion  

Position: 1st 

Richest Africans

He is the richest black person alive. The Nigerian billionaire who owns the Dangote Group, which has interests in commodities. The company operates in Nigeria and other African countries, including Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia.

Name: Nicholas Oppenheimer (South Africa)

Net Worth: $7 billion

Position: 2nd 

Richest Africans

He is the second in the list of richest Africans, of Jewish decent and also the richest man in South Africa.

Name: Michael Adenuga (Nigeria)

Net Worth: $5.8 billion

Position: 3rd

Richest Africans

He is the owner of the telecom company Globacom – which is Nigeria’s second-largest telecom operator. He is also the second richest person in Nigeria. His other investment interests include the Equitorial Trust Bank and the oil exploration firm, Conoil.

Name: Johann Rupert (South Africa)

Net Worth: $5.5 billion

Position: 4th

Richest Africans

He is the CEO of Compagnie Financiere Richemont. and Chairman of Richemont, a Swiss-based luxury-goods company and Remgro company, South Africa. His best advice to entrepreneurs is “Follow your gut!” following his failure to buy half of Gucci at just $175 million when he had the opportunity to do so – an action he desribes as his biggest regret.

Name: Christoffel Hendrik Wiese (South Africa)

Net Worth: $5.5 billion

Position: 4th

Richest Africans

He is a bargain shopping African retail tycoon that deals on everyday items at a very reduced cost. He currently presides over 11,000 stores across 30 countries

Name: Nassef Sawiris (Egypt)

Net Worth: $5.3 billion

Position: 5th

Richest Africans

He is an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons (his brothers are Naguib and Samih).

Name: Naguib Sawiris (Egypt)

Net Worth: $3.7 billion

Position: 6th
Richest Africans

He is an Egyptian billionaire businessman. Sawiris is Chairman of Orascom Telecom Media and Technology Holding S.A.E. Together with his brothers, they make up the list of richest Africans.

Name: Isabel dos Santos (Angola)

Net Worth: $3.2 billion

Position: 7th Richest Africans

She is the oldest daughter of Angola’s longtime president, José Eduardo dos Santos, who has ruled the country since 1979. She is Africa’s richest woman, making her the first woman in the list of richest Africans. She is also head of Sonangol, Angola’s state oil firm.

Name: Issad Rebrab & Family (Algeria)

Net Worth: $3.1 billion

Position: 8th Richest Africans

He is an Algerian billionaire businessman, and founder of the CEVITAL conglomerate, the largest private company in Algeria, which owns one of the largest sugar refineries in the world.

Name: Mohamed Mansour (Egypt)

Net Worth: $2.7 billion

Position: 9th Richest Africans

He is an Egyptian businessman and former politician. He is the chairman of Mansour Group, a $6 billion conglomerate that is the second-largest company in Egypt by revenue.

Name: Jacobus Petrus ‘Koos’ Bekker (South Africa) 

Net Worth: $2 billion

Position: 10th Richest Africans

He is chairman of Naspers. The company is a leading media group which operates in 130 countries and is listed on the London and Johannesburg Stock Exchanges. It also has the largest market capitalization of any media company outside the US and China.

Name: Othman Benjelloun (Morocco)

Net Worth: $1.9 billion

Position: 11th Richest Africans

He is chairman of BMCE Bank, Africa’s second largest bank with operations in 20 African countries, including Senegal, Kenya and Congo. He also co-owns Ranch Adarouch, where he raises livestock and keeps race horses.

Name: Yasseen Mansour (Egypt)

Net Worth: $1.8 billion

Position: 12th Richest Africans

He is an Egyptian billionaire who owns part of the Mansour Group, alongside his two billionaire brothers; Mohamed Mansour and Youssef Mansour.

Name: Folorunsho Alakija (Nigeria)

Net Worth: $1.6 billion

Position: 13th Richest Africans

She is a businesswoman of Nigerian descent and was the richest black woman in the world in 2014, unseating Oprah Winfrey at the top. A  business juggernaut, she is the executive vice-chairman of Famfa Oil Limited. Alakija is also the managing director of The Rose of Sharon Group.

Name: Patrice Tlhopane Motsepe (South Africa)

Net Worth: $1.6 billion

Position: 13th Richest Africans

He is a mining magnate and has interests in gold, ferrous metals, base metals, and platinum. He is also the founder and executive chairman of African Rainbow Minerals.

Name: Aziz Akhannouch & Family (Morocco) 

Net Worth: $1.4 billion 

Position: 14th

Richest Africans

He is the current Minister of Agriculture in Morroco and also one of the finest businessmen in the country. He is the CEO of a Moroccan conglomerate called Akwa Group, which is actively involved in the oil and gas.

Name: Mohammed Dewji (Tanzania)

Net Worth: $1.4 billion

Position: 14th Richest Africans

He is a businessman and the president and CEO of MeTL Group, a Tanzanian conglomerate founded by his father in the 1970s. A philanthropist, he is also a former Tanzanian politician, having served as Member of the Tanzanian Parliament between 2005 and 2015.

Name: Youssef Mansour (Egypt)

Net Worth: $1.1 billion

Position: 15th Richest Africans

He is an Egyptian billionaire businessman and part owner of the Mansour Group. Billions seem to run in their family as his brothers; , Mohamed Mansour and Yasseen Mansour are also billionaires.

Name: Onsi Sawiris (Egypt)

Net Worth: $1.1 billion

Position: 15th Richest Africans

He founded the Orascom conglomerate and is the patriarchal head of the Sawiris Family. His company is also run along with his three billionaire sons who make up the list of richest Africans; Naguib Sawiris, Nassef Sawiris and Samih Sawiris.

Name: Anas Sefrioui (Morocco)

Net Worth: $1.1 billion

Position: 15th Richest Africans

He is a Moroccan real estate businessman and the General President and 61.7% owner of the corporate enterprise known as Douja Promotion Groupe Addoha. He is also the third richest person in Morocco.

Name: Stephen Bradley Saad (South Africa) 

Net Worth: $1.1 billion

Position: 15th Richest Africans

He is a South African businessman, who is the co-founder and chief executive of Aspen Pharmacare, the largest producer of generic medicines on the African continent.

WATCH: Video of top 50 richest people in Africa 2017.