HomePersonal FinanceTop 10 Richest...

Top 10 Richest People in Africa 2022 and Their Net Worth

The richest people in Africa have made their fortunes by investing in oil and gas, financial services, retail, telecommunications, mining, and manufacturing.

These industries are some of the most lucrative on Earth, with many barriers to entry due to their high startup costs or complex regulations.

It is no secret that Africa has some of the wealthiest people in the world. Many millionaires live on this continent, with a population of 1.2 billion.

This article will look at the top 10 wealthiest people in Africa and their net worth to see how they got so rich!

The Richest People in Africa 2022

Here is a list of the top 10 wealthiest people in Africa and their net worth:

1. Aliko Dangote – Richest Person in Africa

Aliko Dangote – Richest Person in Africa

Dangote is a Nigerian businessman who owns the Dangote Group, a conglomerate that includes flour mills, cement plants, and oil refineries.

Aliko Dangote is Africa’s richest man in 2022, with an estimated net worth of USD 11.9 billion. His wealth is primarily due to his investmentNigeria’sria’s large and growing industrial sector.

Dangote Group has interests across industries, from baking bread like its Dangote Flour Mills, which produces nearly two-thirds of all Nigerian wheat flour and pasta under a license agreement with Barilla, to cement production through Atlas Cement Company.

He stakes in property development companies such as Benso Development Corporation and Geostar Engineering & Infrastructures Limited.

Oil refineries, including Port Harcourt Refinery Company; fertilizer plants, including National Fertilizers Industrial Co.; gas stations through Eco Fuel Africa Ltd.

2. Nassef Sawiris – Net Worth – 9.2 Billion USD

Nassef Sawiris – 2nd Most Richest Person in Africa

He is the Chairman and CEO of the OCI Group. Sawiris is the son of Onsi Sawiris, founder of Orascom Construction Industries (OCI), onEgypt’sypt’s largest private-sector enterprise.

He has been instrumental in guiding his father’s business to become a multinational conglomerate with investments spanning many sectors, including cement production, fertilizer plants, gas stations, and real estate.

Some analysts believe he will eventually succeed his father at the helm of OCI.

NaSawiris’sris’s net worth is USD- 9.2 billion, according to Forbes’s Richest People In Africa list for 2022.

3. Nicky Oppenheimer – 8 Billion USD

Nicky Oppenheimer – 3rd Wealthiest Person in Africa

Third, on our list of the wealthiest people in Africa is Nicky Oppenheimer.

Net Worth: Eight billion USD according to Forbes Richest People In Africa list for 2022

Nicky Oppenheimer is a South African diamond mining heir and philanthropist who was the Chairman of De Beers Consolidated Mines Ltd (Debswana), the world’s largest producer of diamonds by volume.

In December 2005, Oppenheimer resigned from his position as the Chairman of De Beers following an agreement with Anglo American plc involving their joint venture company- Diamond Trading Company International Limited.

He has since been engaged in various charitable activities through The Nicky Oppenheimer Family Foundation, supporting causes such as education, poverty alleviation, and wildlife conservation.

4 Johann Rupert – 7.1 Billion USD

Johann Rupert – One of the wealthiest people in Africa

Johann Rupert featured prominently among any list of Africa’s richest people. He is the 2nd Richest Person in South Africa as well.

He has been a director of Richemont (formerly Compagnie Financiere Richemont SA) since 1984 and Chairman since 1988 when he succeeded his father, Anton Rupert.

Richemont owns companies such as; The Cartier, Van Cleef & Arpels, IWC Schaffhausen, Baume et Mercier, and last but not least, The Chloé and Montblanc brands, among other luxury goods manufacturing companies.

He also sits on the board of the successor company Forevermark Diamonds Limited.

5. Mike Adenuga – 6.4 Billion USD

Billionaire Mike Adenuga

Mike Adenuga is ranked number 5 in our list of wealthiest people in Africa. He is the owner of Globacom, which is a Nigerian telecommunications company.

Mike Adenuga has an estimated net worth of USD 6.4 billion, according to Forbes Magazine, in 2022.

Bloomberg ranked hiNigeria’sria’s Richest manAfrica’sica’s Richest Man in 2014 with a net worth of about USD 6.4 billion or N78 trillion (Naira).

He also owns stakes in other businesses such as oil exploration firm Conoil Producing Company Limited, real estate holdings like Eko Atlantic City project/Eko Hotels & Resorts, aviation through Aero Contractors Ltd., and power generation through Moçambique Energy Corporation Solucoes Paralelas LDA Sierra Leone Power Holding Co. PLC, etc

6. Issad Rebrab – 4.8 billion USD

Issad Rebrab – Top Rich in Africa

6th on our list is Issad Redrab.

Entrepreneur and inventor, Rebrab became a self-made billionaire through his success in the construction industry.

After founding Cevital – onAlgeria’sria’s largest privately held conglomerates with numerous subsidiaries, including a home appliance company, steel mill company, and water purification enterprise.

He has since diversified into different industries to create an even stronger financial base for himself and Algerian citizens.

In addition to funding medical research that will cure cancer by 2020, funded partly from royalties on life-saving drugs like Glycerin sold under GSK. Currently, Rebrab holds no position at this pharmaceutical giant.

7. Nathan Kirsh – 4.7 billion USD

Nathan Kirsh

He is a Swazi billionaire businessman. He heads the Kirsh Group, which holds a majority stake in New York cash and carry operation Jetro Holdings, owner of Restaurant Depot and Jetro Cash & Carry.

The Group also has equity and investments in Australia, Eswatini, the UK, the US, and Israel.

8. Abdulsamad Rabiu – 4.9 billion USD

Abdulsamad Rabiu

He is a Nigerian billionaire. He is the founder and Chairman of BUA Group, which operates in cement production, real estate, sugar canes plantation, and retail outlets across Nigeria.

In 2021 Forbes Magazine listed Mr. Riches Person In The World (2021), revealing that he is worth USD 4.9 billion.

9. Naguib Sawiris 3.2 billion USD

Naguib Sawiris

He is an Egyptian billionaire and businessman.

Sawiris is the Chairman of weather Investments, the company’s parent, and Orascom Telecom Media and Technology Holding Chairman.

He is the eldest in his family and also brother to Nassef Sawiris. Hassan Sawiris has a net worth of 3.2 billion USD.

In 2021 he was placed on the Forbes Richest People In Africa list ranking number five with an estimated value of USD 800m behind Aliko Dangote ($12 billion), and Nicky Oppenheimer (estimated for both gold mines at about $14 billion.

10. Patrice Motsepe 3.1 billion USD

Patrice Motsepe

Number 10 on our list of richest people in Africa is Patrice Motsepe.

Patrice Motsepe is a South African mining magnate and one of the wealthiest people in Africa, with an estimated net worth of USD 3.1billion.

He was born on 28 January 1962 to humble beginnings. He eventually started working his way up through various jobs, including working in the mines himself before founding the coal mine company Exxaro where he remains Chairman.

In 2008 Patrice became the first Black African to appear on the Forbes Richest People in Africa List, ranking 335 out of 400 billionaires worldwide. He resides in Sandton, Johannesburg, with his wife, Tshepo Motsepe, and three children.

Top 10 Richest People in Africa

Here is a summary table of the Top 10 wealthiest people in Africa:

Person Name Net Worth in Billions (USD) Country
Aliko Dangote 11.5 Nigeria
Nassef Sawiris 8.3 Egypt
Nicky Oppenheimer & family 8 South Africa
Johann Rupert & family 7.1 South Africa
Mike Adenunga 6.1 Nigeria
Abdulsamad Rabiu 4.9 Nigeria
Isaad Rebrab & family 4.8 Algeria
Nathan Kirsh 4.7 Eswatini
Naguib Sawiris 3.2 Egypt

Source: Statista

Top 20 Richest People in Africa

Here is an extended table list that includes the Top 20 wealthiest people in Africa:

Person Name Net Worth in Billions (USD) Country
Aliko Dangote 11.5 Nigeria
Nassef Sawiris 8.3 Egypt
Nicky Oppenheimer & family 8 South Africa
Johann Rupert & family 7.1 South Africa
Mike Adenunga 6.1 Nigeria
Abdulsamad Rabiu 4.9 Nigeria
Isaad Rebrab & family 4.8 Algeria
Nathan Kirsh 4.7 Eswatini
Naguib Sawiris 3.2 Egypt
Koos Bekker 3 South Africa
Patrice Motsepe 2.9 South Africa
Mohamed Mansour 2.5 Egypt
Aziz Akhannouch & family 1.9 Morocco
Mohamed Al-Fayed 1.8 Egypt
Mohammed Dewji 1.6 Tanzania
Strive Masiyiwa 1.5 Zimbabwe
Youssef Mansour 1.5 Egypt
Othman Benhelloun & family 1.3 Morocco
Michiel Le Roux 1.1 South Africa
Yasseen Mansour 1.1 Egypt

Source: Statista


Stacy Ambani
Stacy Ambani
I used to work at a Fintech Startup. I'm currently pursuing my passion for writing and blogging by working on this website full-time.


Continue reading

List of Richest Kenyan Musicians in 2022

Today I am going to list the richest musicians in Kenya. Many Kenyans would like to know if their favorite musician celebrities are on this list. Well, few musicians have enough money to make it to our list. Please note...

How to Check CRB Status Online 2022 (Plus Free Method)

Do you want to check your CRB status online in Kenya? You can quickly check your CRB status online by following the simple steps in this article. By doing so, you'll be able to see if any restrictions on...

How to Send Money from Mpesa to Equity Bank Account

How does one send money from Mpesa to an Equity bank account? Here is how. M-Pesa and Equity are the best platforms for business owners. Most business owners receive money via M-Pesa; the easiest way to bank the money is...

Forex Trading in Kenya: The Definitive Guide (2022)

So you're interested in Forex Trading in Kenya? Great! This can be a very lucrative investment opportunity if done correctly. In this article, we will discuss the basics of Forex Trading and provide some tips to help beginners get started. We'll...