Who are top 10 richest people in Africa in year 2022

Even during the pandemic, the billionaires in Africa have witnessed a significant increase in their wealth. The year 2021 saw a significant rise in their worth, just as the year previous and it is expected that the trend would follow.

According to Forbes, 18 of these people had a “net worth of $84.9 billion at the end of 2021, which is 15 per cent or $4.7 billion more than their combined net worth of $73.8 billion at the end of 2020”.

Let us see how these 10 richest African people stand at the moment.

Also Read: Top 10 Best Universities In Africa You Need To Know About

1. Aliko Dangote ($20.4 billion, Nigerian)

The Nigerian billionaire remains the richest man in Africa for the tenth year in a row. His net worth of $20.4 billion is attributed to his stake in Dangote Cement Plc, Africa’s largest manufacturer of cement.

2. Johann Rupert ($11.4 billion, South African)

The South Africa’s richest man is second richest in the continent. His worth saw an increase in 2021 by $3.88 billion as shares in his luxury goods holding company, Richemont, surged by over 60 per cent.

3. Nicky Oppenheimer ($8.18 billion, South African)

The former head of diamond mining firm DeBeers has a net worth of $8.18 billion. His worth is largely held in private equity investments in Africa, Asia, US, and Europe through London-based Stockdale Street and Johannesburg-based Tana Africa Capital.

4. Natie Kirsh ($7.68 billion, Emaswati)

Kirsh has made his wealth through ownership of Kirsh Group, a closely held conglomerate that is owner of a majority stake in the food supply company Jetro Holdings.

Also Read: Sharif Sheikh Ahmed, one of the front-runners in Somalia’s Presidential election 2022

5. Abdul Samad Rabiu ($7.5 billion, Nigerian)

Abdul Samad Rabiu is the founder of one of Africa’s fastest growing manufacturing conglomerates, BUA Group. His wealth largely comes from 97 per cent stakes in BUA Cement Plc.

6. Mike Adenuga ($6.7 billion, Nigerian)

Mike Adenuga is the founder of Nigerian telecom company Globacom Limited and majority owner of Nigeria’s pioneer petroleum marketer, Conoil Plc.

7. Mohammed Ali Amoudi ($6.45 billion, Ethiopian)

He is the richest man in Ethiopia and seventh richest in Africa with most of his worth derived from assets in Sweden, Morocco, Saudi Arabia, Ethiopia, as well as his stake in Svenska Petroleum Exploration, Preem, Sweden’s largest oil refiner, and a 67 per cent stake in Samir, Morocco’s sole oil refiner.

8. Nassef Sawiris ($6.29 billion, Egyptian)

The majority of the Sawiris’ fortune is attributed to his stake in Dutch fertilizer producer OCI N.V. and his 3.72 per cent stake in German sportswear manufacturer Adidas.

Also Read: Top 10 Rich Politicians Of South Africa

9. Issad Rebrab ($5.1 billion, Algerian)

Rebrab, founder and CEO of Cevital, derives his wealth from his business interest in Cevital Group.

10. Naguib Sawiris ($3.4 billion, Egyptian)

Naguib Sawiris is the elder brother of Egypt’s richest man, Nassef Sawiris. His fortune has been amassed from selling of Orascom Telecom to Russian telecom firm VimpelCom (now Veon) in a multibillion dollar deal in 2011. He currently is a shareholder in Orascom TMT Investments and Ora Developers, a real estate developer.

fatima

Recent Posts

Laura Wolvaardt Calls for More Women’s Test Matches

South Africa captain Laura Wolvaardt wants cricket authorities to arrange more Test matches for women because Test cricket represents the…

March 16, 2025

Trump Administration Expels South African Ambassador Over Critical Comments

The United States issued Ambassador Ebrahim Rasool a one-way travel ticket from South Africa to show decreasing trust between the…

March 15, 2025

South African Coffee Giant Vida e Caffè Marks 300th Store Milestone

Vida e Caffè achieved a major milestone when they opened their 300th South African outlet in Secunda Mpumalanga making it…

March 14, 2025

Iran Announces New Shipping Line to West Africa Over Economic Push

The Trade Promotion Organization of Iran revealed its plan to launch a special shipping line to West Africa through its…

March 14, 2025

Africa’s Rare Earth Sector Set to Transform Global Supply Chain by 2030

Expansion in the global rare earth industry makes Africa stand out by predicting this region will reach 10% market supply…

March 13, 2025

Mining Veteran Ben Magara Named New Exxaro CEO

Exxaro Resources Limited chose Ben Magara to lead the company as CEO starting April 1, 2025. The firm conducted an…

March 13, 2025

This website uses cookies.