List of Top 5 Richest Men in Africa

Despite the pandemic and all the happenings of 2020, the richest men in the world have looked for various ways to scale through and still keep their billions

Check the full list below

This list is done according to Forbes ranking and they are ranked based on the currency exchange rate and stock price currently

Below are the list of top 10 wealthiest men in Africa

1. Aliko Dangote

For 10 years running now, Aliko Dangote keeps emerging first among the list of the top 10 wealthiest men in Africa. He is currently worth $12.1 billion dollars making him the richest man in Africa.

He is the owner of Dangote Group, having its products and services in Nigeria and other African countries around the globe, and his main products that he generates his income from are from sales of Sugar and cement

Net worth: $12.1 billion
Rank in 2020: 1
Net worth in 2020: $10.1 billion
Self-made
Origin of wealth: Cement, sugar
Industry: Manufacturing
Age: 63
Country: Nigeria
Residence: Lagos
Education: Al-Azhar University, Bachelor of Arts/Science

2. Nassef Sawiris

Nassef Onsi Sawiris, a business billionaire from Egypt is said to be the second wealthiest man in Africa after Aliko Dangote. In May 2021, according to Forbes, his networth was calculated to be $9.2 billion. His main source of his wealth is his investment in different sectors and also in construction.

Nassef began building his wealth after he became the CEO of  Orascom Construction industries in 1995 when his father transferred management of the company to him

Net worth: $8.5 billion
Rank in 2020: 2
Net worth in 2020: $8 billion
Origin of wealth: Construction, chemicals
Industry: Construction and engineering
Age: 59
Country: Egypt
Residence: Cairo
Education: University of Chicago, Bachelor of Arts/Science

3. Nicky Oppenheimer

According to Forbes, Nicky is the richest south African in 2021, and also the 3^rd on the list of the wealthiest men in Africa.

Nicky Oppenheimer networth in 2021 is $8.1 billion. He started building his wealth in 1984 when he was chosen as the chairman of Diamond Trading Company formerly known as Central Selling organization and he was later appointed chairman in 1985, and in 1998, he also became the chairman of De Beers Group and he retired in 2012.

He established fireblade aviation in 2014 in Johannesburg having three planes, and two helicopters, and he is the owner of the largest game reserve in south Africa called Tswalu Kalahari Reserve.

Net worth: $8 billion
Rank in 2020: 3
Net worth in 2020: $7.7 billion
Origin of wealth: Diamonds
Industry: metal and mining
Age: 75
Country: South Africa
Residence: Johannesburg
Education: Oxford University Christ Church, Master of Arts/Science, Oxford

4. Johann Rupert

Also from south Africa, Johann Rupert is the 4^th richest man on Forbes ranked first in Africa.

Rupert is the chairman of Richemont, a swiss-based luxury good and Remgro, a company based in south Africa. His main source of wealth is luxury good which started in 198s, dealing in brands like Cartier and Montblanc. He is totaled to have a networth of $7.2 billion.

He also co-owns the Anthony Wines, and English Rugby team.

Net worth: $7.2 billion
Rank in 2020: 5
Net worth in 2020: $6.5 billion
Origin of wealth: Luxury goods
Industry: Fashion and retail
Age: 70
Country: South Africa
Residence: Cape Town

5. Mike Adenuga

Mike Adenuga is the founder of Globacom, the second largest telecom operator in west Africa.

According to Forbes, his net worth is currently estimated at $6.2 billion from telecom and oil

He is currently the 5^th richest person in Africa, having made his first million at the age of 26 where he sold lace and soft drinks in 1976.

His Globacom operation has its services in Benin and Ghana.

Net worth: $6.3 billion
Rank in 2020: 3
Net worth in 2020: $7.7 billion
Self-made
Origin of wealth: Telecom, oil
Industry: Diversified
Age: 67
Country: Nigeria
Residence: Lagos
Education: Pace University, Master of Business Administration