Who is the Richest Person in Africa? (2022)

Who is the Richest Person in Africa?

According to Forbes updated list of the African Billionaires, Aliko Dangote is the richest person in Africa. He has maintained this position for 11 years straight and doesn’t seem to be leaving anytime soon. No one has been able to beat this record yet.

Although the Nigerian cement magnate, Dangote seems to be the most lauded, he is not the only billionaire in Africa. In this article, we shall take a look at some of the other richest billionaires in Africa

Richest People in Africa in 2022 (Forbes)

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1. Aliko Dangote

Networth: $13.9 Billion

Forbes Richest Man in Africa for 11 years in a row.

The richest person in Africa is no other person than Aliko Dangote. He currently has a net worth of $13.9 Billion, according to Forbes.

For over a decade, he has consecutively retained the top position among Forbes’ richest people in Africa, and in Nigeria. Dangote has the largest Cement company in Sub-Saharan Africa. However, he didn’t just stop at the manufacturing of cement, he has other products to his company’s name and has continually yielded greatly.

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2. Johann Rupert

Networth: $11 Billion

As of 2022, Johann Rupert is Forbes Richest Person in South Africa.

Following Dangote closely is Johann Rupert, chairman of Compagnie Financiere Richemont (a Swiss luxury goods company) in South Arica.

He is currently the leader of Remgro and owns 7% of the company’s share. Also, he owns 25% of Reinet, a Luxembourg investment holding company.

As of 2022, Johann Rupert’s net worth is $11 Billion, making him the second richest person in Africa, per Forbes.

3. Nicky Oppenheimer

Networth: $8.7 Billion

Nicky Oppenheimer is the second richest person in South Africa and the third richest billionaire in Africa.

He is the heir to the DeBeers Diamond fortune; the third generation of his family to run the business. However, he took the company private in 2001 and sold his own share of 40% to the Anglo American Mining Group for $5.1 Billion in 2012.

In 2014, he founded his own company, Fireblade Aviation in Johannesburg, South Africa. Oppenheimer now has up to 720 square miles of conservation land across South Africa, Botswana, and Zimbabwe.

As of May 2022, Nicky Oppenheimer has a net worth of $8.7 Billion, according to Forbes.

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4. Nassef Sawiris

Networth: $8.6 Billion

Asides from being an investor who has an almost 6% stake in Adidas, Nassef Sawiris is also a scion of Egypt’s richest family. He however has gone farther on the investments journey by having several investments in big and populous companies across the world. Some of these companies are Adidas, Madison Square Garden Sports and so on.

His net worth as of 2022 is $8.6 Billion. And he is the 4th richest person in Africa according to Forbes.

5. Abdulsamad Rabiu

Networth: $7 Billion

Abdulsamad Rabiu is Forbes second richest person in Nigeria (2022)

The second prominent Nigerian on Forbes richest billionaires in Africa is Abdulsamad Rabiu. The Nigerian Businessman is the founder of BUA Group, a Nigerian Conglomerate that deals in Cement production, Sugar refining, and Real Estate.

With a net worth of $7 Billion, he is the 5th richest person in Africa, according to Forbes.

6. Mike Adenuga

Networth: $6.7 Billion

Africa’s Telecommunication Magnate and Owner of Globacom

Mike Adenuga is the third richest person in Nigeria and 6th on Forbes list of the richest people in Africa.

Telecommunication and Oil are his major source of wealth. He is the owner of the 3rd largest telecommunication company in Nigeria, Globacom and Conoil Oil Company.

As of 2022, Adenuga’s net worth is estimated at $6.7 Billion, per Forbes.

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7. Issad Rebrab

Networth: $5.1 Billion

Issad Rebrab founded and currently leads Cevital, Algeria’s largest privately held corporation. The company owns one of the world’s largest sugar refineries, capable of producing 2 million tons of sugar each year.

As of May 2022, Issad Rebrab’s net worth is $5.1 Billion, earning him the 7th Forbes’ richest person in Africa.

8. Naguib Sawiris

Networth: $3.4 Billion

Naguib Sawiris is an Egyptian billionaire businessman. He is brother to Nassef Sawiris, the fourth richest person in Africa. In furtherance, Naguib Sawiris is the chairman of Orascom TMT Investments, which owns shares in an Egyptian asset manager as well as the Italian internet company Italiaonline and many others.

His net worth as of 2022 is $3.4 Billion.

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9. Patrice Motsepe

Networth: $3.1 Billion

Taking the position of the 9th richest person is Patrice Motsepe. He is the founder and current chairman of Africa Rainbow Minerals. Also, he was recently elected President of the Confederation of the African Football, the Continent’s football governing organization.

His current net worth is $3.1 Billion.

10. Koos Bekker

Networth: $2.7 Billion

Koos Bekker is the 10th richest person in Africa. He is recognized for transforming Naspers, a South African newspaper publisher, into an e-commerce and cable television powerhouse. However, he retired as the CEO in 2014 but returned to the company in 2015 as the chairman.

His current net worth is $2.7 Billion.

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Forbes Richest People in Africa 2022

Here is a summary of the list of the richest person in Africa:

• Aliko Dangote – $13.9 Billion
• Johann Rupert – $11 Billion
• Nicky Oppenheimer – $8.7 Billion
• Nassef Sawiris – $8.6 Billion
• Abdulsamad Rabiu – $7 Billion
• Mike Adenuga – $6.7 Billion
• Issad Rebrab – $5.1 Billion
• Naguib Sawiris – $3.4 Billion
• Patrice Motsepe – $3.1 Billion
• Koos Bekker – $2.7 Billion