Richest People In Africa – African Billionaires

National Money, The Featured

Who are richest people in Africa? This 26th year of tracking global wealth was one to remember, with an all-time high . The 2012 Forbes Billionaires List breaks two records: total number of listees (1,226) and combined wealth ($4.6 trillion). This horde surpasses the gross domestic product of Germany, one of only six nations to have fewer billionaires this year.

Below is the 40 Richest People In Africa:


No.1 Aliko Dangote

Net Worth:

$11.2 billion – As of March. 2012

Source of wealth: sugar, flour, cement , self-made

Age:54 ,Citizenship: Nigeria , Residence: Lagos, Nigeria

Marital Status: Married, Children:3

Aliko Dangote is Africa’s and Nigeria’s Richest Man as of 2012 according to Forbes Magazine with a net worth of $11.2 billion.


No.2 Nicky Oppenheimer & family

Net Worth:

$6.8 billion – As of March 2012

Source of wealth: De Beers, inherited

South Africa’s Richest Person: #1

Age:66 , Citizenship : South Africa , Residence: Johannesburg, South Africa

Marital Status: Married, Children:1

Nicky Oppenheimer is worth $6.8 billion. He is the richest person in South Africa and is the 139th richest person in the world. How did he get rich? He is the chairman of De Beers diamonds, of course, and also has a significant interest in Anglo-American plc, the gold mining company. He also owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa.


No.3 Nassef Sawiris (tie)

Net Worth:

$5.1 billion  – As of March 2012

Egypt’s Richest Person: #1

Source: construction, inherited and growing

Age:51 , Citizenship: Egypt , Residence: Cairo, Egypt

Nassef Sawiris is Onsi’s youngest son and is worth $5.5 billion. He is the richest person in Egypt, and the 199th richest person in the world. He took over leadership of Orascom’s construction and fertiliser division in the late nineties and sold its cement business to Lafarge in 2007, although he still owns a stake and sits on the French company’s board. He is also the largest shareholder in Texas Industries.


No.3 Johann Rupert & family (tie)

Net Worth:

$5.1 billion – As of March 2012

Source: Luxury goods, inherited and growing

Age: 61 , Citizenship: South Africa, Residence: Stellenbosch, South Africa

Marital Status: Married, Children:3

Johann Rupert is the second-richest person in South Africa, being worth $5.1 billion. He is the 199th richest person in the world, and made his money from Richemont, the Swiss luxury group that owns Cartier, Dunhill, Chloe bags and MontBlanc pens. The company purchased online fashion portal Net-a-Porter. Remgro, his South African holding company purchased VenFin earlier in 2010. He also owns Rupert & Rothschild and L’Ormarins wine estates, and one of South Africa’s most exclusive golf clubs.


No.5 Mike Adenuga

Net Worth:

$4.3 Billion – As of March 2012

Source of wealth: Telcom, banking, oil, self-made

Age:58 , Citizenship: Nigeria , Residence:Lagos, Nigeria

Marital Status: Married

Mike Adenuga is the second-richest person in Nigeria with a fortune of $4.3 Billion. He is the 248th richest person in the world and made his money in telecommunications with Globacom, a carrier that has recently launched its 4G network. The company has also invested in the submarine cable connecting Nigeria to the world. His beginnings were small, as he started selling lace and Coca-Cola, but then he finally won a contract to build military barracks in the late 1980s. Adenuga also has a stake in the Equitorial Trust Bank, and is the chair of Conoil.

No.6 Naguib Sawiris (tie)

Net Worth:

$3.1 billion – As of March 2012

Source: Telecom, inherited and growing

Age:57 ,Citizenship: Egypt ,Residence: Cairo, Egypt

Marital Status: Married, Children: 4

Naguib Sawiris, Onsi’s eldest son, is the second-richest person in Egypt – he is worth $2.9 billion, which makes him the 367th richest person in the world. He is the head of Wind Telecom, which is a mobile service provider for Africa, South Asia, Europe, Canada and the Middle East. Naguib attempted to sell his service provider to MTN group previously, but failed.


No.6 Christoffel Wiese (tie)

Net Worth: $2.7 billion – As of March 2012

Source: Consumer retail, self-made

Age:70 , Citizenship: South Africa

Marital Status: Married, Children: 3

Christoffel, or Christo as he’s more commonly known, is the fourth-richest person in South Africa. He is worth $2.7 billion and made his money as CEO of Shoprite. He also owns a stake in Pepkor, a discount clothes, shoes and textiles store in South Africa, and is known for restoring a South African farm estate and remodelling it into a five-star hotel. Other assets include Lourensford Estate, the wine producer, and a private game reserve in the Kalahari. He is the 782nd richest person in the world.


No.8 Onsi Sawiris

Net Worth: