Top 10 Richest people in Africa
#1 Aliko Dangote
Alhaji Aliko Dangote MFR, GCON ( was born April 10, 1957 at Kano City, Northern Nigeria). He is a Nigerian business magnate, an estimated wealth of US$13.8 Billion as of September 2011. His great grand father Alhassan Dantata was rated the richest African in the 1950s. Based in Nigeria, he is the owner of the Dangote Group, which has interests in commodities with operations in his homeland and several other countries in Africa, including Benin, Cameroon, Ghana, South Africa and Zambia. Dangote is ranked by Forbes as the 51st richest person in the world.He is also simultaneously the richest person of African descent in the world, surpassing Mohammed Al Amoudi ($12.3 billion) and Oprah Winfrey ($2.7 billion.)
The Dangote Group, originally a small trading firm founded in 1977, is now a multi-trillion naira conglomerate with operations in Benin, Ghana, Nigeria, and Togo. Dangote's businesses include food processing, cement manufacturing, and freight. The Dangote Group dominates the sugar market in Nigeria: it is the major sugar supplier to the country's soft drink companies, breweries, and confectioners. Dangote Group has moved from being a trading company to Nigeria's largest industrial group, including Dangote Sugar Refinery (the most capitalized company on the Nigeria Stock Exchange, valued at over US$3 billion with Aliko Dangote's equity topping US$2 billion), Africa's largest Cement Production Plant: Obajana Cement, Dangote Flour amongst others.
Dangote played a prominent role in the funding of Obasanjo’s re-election campaign in 2003, to which he contributed over N200 million (US$2M). He gave N50 million (US$0.5M) to the National Mosque under the aegis of "Friends of Obasanjo and Atiku", and contributed N200 million to the Presidential Library. These controversial gifts to members of the ruling People's Democratic Party have contributed to concerns over continued graft despite highly-publicized anti-corruption drives during Obasanjo's second term.
On 23 May 2010, England's Daily Mirror newspaper reported that Dangote was interested in buying a 16 percent stake in Premiership side Arsenal belonging to Lady Nina Bracewell-Smith.Dangote later denied these rumours.
On 14th November, 2011, he was awarded Nigeria's fourth highest honour, Member of the Order of the Federal Republic (MFR) by President Goodluck Jonathan.
#2 Nicky Oppenheimer & family
Nicholas "Nicky" F. Oppenheimer (born 8 June 1945) is a South African businessman, the chairman of the De Beers diamond mining company and its subsidiary, the Diamond Trading Company. He also has a large financial interest in the diversified mining company Anglo American. In 1999 he joined forces with two of his friends to form Greene and Partners Investments a venture capital firm which has funded a diversity of projects within South Africa and around Africa. In November 2011 the Oppenheimer family sold the entirety of their 40% stake in De Beers to Anglo American.He and his family control the Tswalu game reserve in the Kalahari,set up by his friend Stephen Boler.
Nicholas is the son of Bridget (née McCall) and Harry Oppenheimer,and grandson of Ernest Oppenheimer, the first generation of the family to chair (from 1929) the De Beers diamond mining company in South Africa, founded by Cecil John Rhodes in 1888. He is of German Jewish descent on his father's side.
He was educated in England at Harrow School and Christ Church, Oxford where he graduated with a degree in Philosophy, Politics, and Economics, and later took the Oxford MA.
Forbes "World's Richest People" List of billionaires (2008) estimated his net worth at £2.8 billion in 2008.
In 1968 he married Orcillia "Strilli" Lasch, daughter of industrial tycoon Helli Lasch. He lives mainly in Johannesburg on the Brenthurst Gardens estate. He and his wife are members of the St George's Anglican Church, Parktown, Johannesburg. The Brenthurst Garden is affiliated to The Quiet Garden Trust, a Christian organisation providing places for prayer, silence and reflection. He also has a country estate in England, Waltham Place (with gardens open to the public and an associated organic Farm), at White Waltham in Berkshire.
He commented in 2005 that the Live8 concert was misguided, and that Africa is suffering from "donation fatigue" and that it was in Africa's interest for those with the resources to instead invest in income generating projects rather than just donate money. This is the principle upon which his investment company Greene and Partners was formed.He is the only private person granted permission by the City of London to commute within the one square mile of the city by helicopter.
#3 Nassef Sawiris
Nassef Onsi Sawiris (born in Egypt in 1961) is an Egyptian businessman and billionaire the youngest of the three sons of Onsi Sawiris, the other two being Naguib Sawiris and Samih Sawiris. As of 2011 his net worth was estimated by Forbes to be $5.6 billion, making him the 182nd richest person in the world.
Nassef Sawiris received his secondary education in the German International School of Cairo, Egypt. Then he continued at University of Chicago where he received a bachelor's degree in Economics in 1982.
He oversaw the construction activities of Orascom since 1990 and is the CEO of Orascom Construction Industries since the company's incorporation in 1998.He is also a Director of the Dubai International Financial Exchange (NASDAQ Dubai), of Besix (Belgium) and of NNS Holding (Luxembourg) and President of E.C.C (Egyptian Cement Company) and a director at Lafarge.
He is a member of the Business Secretariat of the Egyptian National Democratic Party, the American Chamber of Commerce, the German-Arab Chamber of Industry and Commerce and the Young President's Club.
#4 Johann Peter Rupert
Johann Peter Rupert (born 1 June 1950) is the eldest son of the late South African business tycoon Anton Rupert and his wife Huberte Rupert. He is the chairman of the Swiss-based luxury-goods company Richemont as well as of the South Africa-based company Remgro. It was announced on 13 November 2009 that as of 1 April 2010, he would also assume the position of Chief Executive Officer of Compagnie Financiere Richemont.
Rupert grew up in the South African town of Stellenbosch, where he also attended the well-known school for boys, Paul Roos Gymnasium and the University of Stellenbosch, studying economics and company law. He dropped out of the university to pursue a career in business but in 2004 Stellenbosch University awarded him an honorary doctorate in economics. In 2008 he was awarded an honorary doctorate in commerce from Nelson Mandela University.
Described as "reclusive" by the Financial Times and Barron's, Rupert rarely gives interviews and shuns public events. In 2006 the same newspaper also called him "Rupert the Bear" for predicting a world economic crisis.
#5 MIKE Adenuga
At age 26, Adenuga had already become a millionaire with connections in high places. With his unique flair for risks and sheer tenacity of purpose, in no time he started reaping profits in billions. He owns Equitorial Trust Bank and Consolidated Oil, which carries out crude oil drilling, refining and marketing.
His first shot into the consciousness of Nigerians was when his company, Consolidated Oil became the first indigenous company to strike crude in December1991. He recently made foray into the telecommunications sector. With his Communications Investment Limited, CIL, he was issued a conditional licence in 1999 and frequencies to operate the Global System of Mobile Communications (GSM). The licence was later revoked. Again, when in 2002, the government through the Nigerian Communications Commission (NCC), organised new auction for the GSM licence, the CIL participated and was one of the four that won the bid. He paid the $20 million mandatory deposit.
However, in the process of effecting the release of the balance payment of $265 million, the company was adjudged to have failed to pay within stipulated time. CIL lost both the licence and $20 million deposit. He later went on to bid for the Second National Operator (SNO) licence, and deposited another $20 million. This time, he was lucky.
He won the bid in August 2002 through his Globacom Limited. The SNO has a wider range of operations as Globacom has the right to operate as a national carrier, operate digital mobile lines, serve as international gateway for telecommunications in the country and operate fixed wireless access phones.
Adenuga's estate business and company shares traverse several countries in Western Europe, North America and the Middle-East.
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#6 Miloud chaabi
Miloud Chaabi (Arabic:ميلود الشعبي) (born in 1929 in "Chiadma" near Essaouira) is a Moroccan businessman and politician. He is the founder of Ynna Holding and the owner of the Riad Mogador hotel chain and group of supermarkets "Aswak Assalam" in Morocco. He is known for his strong stance against alcohol which is banned from both his hotel chain and supermarkets. He was affiliated with the Party of Progress and Socialism under which he was elected MP for the city of Essaouira in the parliamentary elections in 2007 in Morocco. His daughter, Asma Chaâbi has been mayor of the city of Essaouira since 2003.
His fortune is estimated at some 40 billion dirhams and one of the richest men in Morocco.
Chaâbi is also known for his philanthropic and charity work and donated 10% of his fortune to build the first American university in Morocco in conjunction with the University of Maryland, College Park.He is the operator of one of the largest charity organisations in Morocco, the Miloud Chaâbi Foundation.
As a child he was taught in a mosque and he started working alternatively as a goat herder and as a farmer. At 15, he saved up enough money and moved from Marrakech to kenitra where he started his first construction company in 1948. In a time when trading business in kenitra was restricted to the French, some Jewish businessmen and some of the well known Moroccan families Chaâbi ventured into the field. His interest went toward the ceramic industry which made him start his own ceramic company in 1964. Soon the Chaâbi gained enough experience in the business and began to seek for opportunities to purchase large companies. He offered to become an investor in a French company but the company refused his offer which drove him to keep pressuring the company by selling products with competitive prices until it had finally collapsed and was on the verge of bankruptcy. And in 1985, the company sold all of its properties to Chaâbi himself. This success was a turning point for Chaâbi's professional career and as a result he bought Yeyeena group which became one of the most powerful groups in Morocco. In 1992, he founded JBC for carton and gyrus and got a deal for a petrochemical company allotment SNIP in 1993. In 1994, he launched ELECTRA for electrical components, cables and television batteries. In 1998, he launched Al-Salam shopping chain which was followed by the launch of Riyad Mogador hotel chain in 1999.
In 2002, he won the election to become a member of the Moroccan house of representatives. In 2007, he won the parliament election to become the representative of the city of Al-Suwaira. In July 2008, he heavily criticized Idris Jato's government for selling properties at low prices without taking the proper legal procedures and asked for.
#7 Naguib Sawiris
Naguib Onsi Sawiris born June 15, 1954) is an Egyptian businessman and politician. He was executive chairman of the telecommunications companies Wind Telecom and Orascom Telecom Holding (OTH) before turning to politics in May 2011.OTH launched the first mobile operator in Egypt, Mobinil in 1998.
OTH has 20,000 employees and manages 11 GSM operators around the globe. In the beginning, OTH’s strategy was to target underpenetrated high population markets. However, soon after it started to pursue more developed markets with the launch of Wind Mobile by its Globalive subsidiary in Canada in December 2009. Moreover, OTH launched the first mobile operator in North Korea in 2008, “Koryolink”.
Sawiris joined Orascom in 1979. The Orascom Group is the country’s largest private sector employer and has the largest market capitalization on the Cairo & Alexandria Stock Exchange. Sawiris established and built the railway, information technology, and telecommunications sectors of Orascom. The conglomerate was later split into separate operating companies: Orascom Telecom (OT), Orascom Construction Industries (OCI), Orascom Hotels & Development and Orascom Technology Systems (OTS). OTH was established in late 1997 and since then has been chaired by Sawiris.
In early 2005, Sawiris founded Weather Investments (later called Wind Telecom) and led the leveraged buyout of a majority stake of Wind Telecommunications in Italy, taking over as its chairman. A year later, he led Weather Investments' acquisition of Tim Hellas in Greece and re-branded it Wind Hellas. In November 2006, Wind Telecommunications floated the largest ever PIK debt in Europe and used the proceeds to complete the buyout of Wind from ENEL, resulting in the Sawiris Family owning 98% of Weather.
In October, 2010, VimpelCom Ltd., Russia’s second-largest mobile phone operator, and Sawiris agreed to merge their phone assets in a transaction valued at about US$6.5 billion. Sawiris announced his plan for a new company with the companies not included in the merger: the Egyptian mobile-services company, Mobinil, the North Korean GSM operator, Koryolink, Mena Cables, and non-GSM companies.In January 2011, the company changed its name from "Weather Investments S.p.A." to "Wind Telecom S.p.A."
He is considered a nationalist and supporter of liberalism. He favored a gradual transition during the 2011 Egyptian revolution and played as a mediating figure between the protesters and Hosni Mubarak's people. Although he expressed concerns about the military caretaker government he favored changes that increased democracy and stability.He is the founder of the liberal Free Egyptians Party.
In late June 2011, his tweet of Mickey Mouse with an Islamic beard and dressed in a Jilbāb and Minnie Mouse wearing a full Muslim veil caused controversy, accusing him of racism and Islamophobia.
Naguib Sawiris is the recipient of numerous honorary degrees, industry awards and civic honors, including the French Legion of Honour and the Sitara-e-Quaid-e-Azam award, conferred upon him in 2006 by Pervez Musharraf “for services rendered to the people of Pakistan in the field of telecommunication, investments and social sector work.” In November 2011, the Canadian International Council recognized him as the 2011 CIC Globalist of the Year.
Naguib Sawiris holds a Diplom (similar to a Master's) in Business Administration and Mechanical Engineering from the Swiss Federal Institute of Technology (ETH), Zurich, Switzerland and the Abitur (diploma) from the German Protestant School, Cairo, Egypt.
Naguib Sawiris is the eldest of three brothers. His brothers are Nassef Sawiris and Samih Sawiris. He is the son of Onsi Sawiris who established the Orascom Group.
In 2010, Naguib Sawiris was listed in Forbes magazine as the 374th richest person in the world, with a personal wealth of US$2.5 billion.Sawiris is an Egyptian Christian, following the teachings of the Coptic Orthodox Church.
#8 Christoffel Wiese
Christoffel H. Wiese, BA, LLB (born 1941) is a businessman from South Africa. His source of wealth is consumer retail.Wiese attended the Stellenbosch University in Stellenbosch, South Africa and was a resident there.Wiese is married and has three children.
Wiese is worth $2.7 billion and made that money as the CEO of the South African retail giant Shoprite.Under his leadership, Shoprite started out as a chain of eight supermarkets in Cape Town that was purchased for 1 million Rand (equivalent to $122,000 USD) which eventually blossomed into the multi-billion dollar business status it enjoys today thanks to various acquisitions and innovative expansion strategies made in the first 30 years of operations. After playing a role in helping Shoprite acquire distributor Senta, Wiese started expanding his business into franchising new locations for Shoprite department stores.He also purchased the struggling OK Bazaars from South African Breweries for one rand in 1997; inserting 157 supermarkets and 146 furniture stores to the company and adding jobs to the area.In 2011, Wiese's Shoprite stores were considered to be the sixth overall favourite brand, with a third most valued brand in terms of community upliftment in South Africa.In addition to Shoprite, Christoffel owns more than 1200 corporate outlets under various names.
He is legally the 44% owner of Pepkor, which is a discount store in South Africa and has restored a South African farm and converted it into a five-star hotel called the Lanzerac Manor & Winery.A private game reserve in the Kalahari Desert and the prestigious wine producer - the Lourensford Estate - are also his properties.Wiese is the 782nd wealthiest person on any continent in the world and the third wealthiest person in South Africa.The Cape Town Sakekamer awarded with the title of Business Leader of the Year while the South African Council of Shopping Centres awarded him with the prestigious Pioneer of the 20th Century Award.
#9 Onsi Sawiris
Onsi Sawiris is an Egyptian businessman. He was estimated to be worth approximatively $2.9 billion according to Forbes in 2011.He is the patriarchal head of the Sawiris Family. The name Sawiris is alleged to be the Arabic/Coptic equivalent for the Latin/Roman Severus, but such connection was rejected by Sawiris himself.
In his early business career, he was disenchanted with the socialist government of Egyptian president Gamal Abdel Nasser. He was prevented from leaving the country for six years in the 1960s.After a spell in Libya, he returned to Egypt during the more business-friendly regime of the following Egyptian president, Anwar Sadat. He and his three sons, all educated in Europe and the United States They resumed their activities in Egypt with full force over the past three decades under the government of Hosni Mubarak and its liberal business policies.
He founded the Orascom conglomerate, whose various construction, telecommunications and tourism, science and technology and industry companies are run by his three sons, Naguib Sawiris, Nassef Sawiris, Samih Sawiris. Orascom is involved in tourism development, telecommunications, construction and other fields.
#10 Patrice Motsepe
Patrice Tlhopane Motsepe (born 28 January 1962 in Soweto) is a South African mining magnate and 'oligarch'as he was major beneficiary of the South African government's Black Economic Empowerment policies. His company, African Rainbow Minerals, has interests in gold, ferrous metals, base metals, and platinum. He also sits on the board of Greene and Partners a large South African Based Investment Company. He topped the Sunday Times Annual Rich List in 2011, with his wealth estimated to be around R22.99 billion (USD $3.28 billion).Since 2003, he is the owner of football club Mamelodi Sundowns.
He is married to Dr. Precious Makgosi Moloi and they have three sons. Motsepe's father named him Patrice after Patrice Lumumba.
Patrice was born to Augustine Motsepe, a schoolteacher turned small businessman, who owned a pub popular with black mine workers, it was from there that Patrice Motsepe learnt basic business principles from his father as well as first hand exposure to mining. He earned a law degree and became the first black partner in the law firm Bowman Gilfillan in 1994, the same year Nelson Mandela was elected the country’s first black president. He specialized in mining and business law at a time when the new government had begun the process of promoting black empowerment and entrepreneurship. Motsepe soon founded a mining services venture to glean gold dust from inside mine shafts, implementing a system of worker remuneration that combined a low base salary with a profit-sharing bonus. In 1997, with gold prices at a low, he used his connections and the black empowerment policy to arrange for finance on favorable terms, and set up a firm to begin buying the operating mines that would become the source of his wealth. In 1999 he teamed up with two of his associates to form Greene and Partners Investments
Patrice Motsepe won South Africa's Best Entrepreneur Award in 2002.In 2004 he was voted 39th in the Top 100 Great South Africans. This accolade was, however granted by the government funded state broadcaster. In 2008 he was 503rd richest person in the world, by the Forbes World Billionaires List. In that same issue of Forbes magazine, it was noted that the source of his wealth was not through any entrepreneurial zeal but through his association with the ruling political party the African National Congress (ANC).
But for all the adulation, in South Africa such success comes with a price: being labeled an oligarch. Even many blacks have complained that the country's 1994 transformation from apartheid to democracy has benefited only the elite few. The criticism stems from laws that require substantial black ownership in certain industries, including mining. A handful of politically connected individuals have grown enormously wealthy as a result. One of Motsepe's sisters, Bridgette Radebe, who's married to transport minister Jeffrey Radebe, heads a mining company and is said to be among the wealthiest black women in the country. "It's called crony capitalism," says Moeletsi Mbeki, 62, brother of South Africa's former president and an outspoken critic of the race-preference laws. "It's an anticompetitive system."
Since 2004, he is also a Non-Executive Director of Absa Group and Sanlam and was previously a partner of Bowman Gilfillan.
Motsepes' African Rainbow Minerals company's name changed to ARMgold, while joining with Harmony Gold Mining Ltd, in 2002 when is it was listed on the JSE Security Exchange. Motsepe is also the founder of African Rainbow Minerals Platinum (Proprietary) Limited and ARM Consortium Limited which later equally split ownership with Anglo American Platinum Corp Ltd. From 2005, Motsepe ran as the Chairman of Teal Exploration and Mining Incorporated. Motsepe runs as the chairmen of Ubuntu-Botho Investments, Non-Executive chairman of Harmony Gold Mining Co Ltd and deputy Chairman of Sanlam Ltd. Motsepe is currently South Africa's president of Chamber of Commerce and Industry.