﻿Top 5 richest people in Africa Africa’s economy is booming as we see more
and more intensive economic activities around the continent. With a nominal GDP of $2.9 trillion,
analysts predict that in the coming decades, great progress would be observed through
the African landscape. The African economy witnessed a reduction of 2.1% during 2020.
However, African billionaires, like their counterparts in the rest of the world, saw
their wealth grow by more than 12%. If you look at the areas of the economy where these billionaires
are concentrated, you will find industries like vehicle manufacturing, oil production,
real estate development, telecom sector, luxury goods. As the African economy recovers, these
high-net-worth individuals will see an even bigger spike in their wealth. Let’s jump right in to the
top 5 richest people in Africa. Welcome viewers to an exciting video previewed by ThinkRich Media.
If you are new please don’t forget to subscribe and turn on post notifications so as not to miss
out on any of our new videos. 5) Mike Adenuga (Nigeria)
Net worth: $6.1 billion Age: 67
Mike Adenuga’s main source of wealth is his company Globacom, which is the second-largest
telecom services provider in Nigeria, serving over 43 million subscribers. In addition, he also owns
stakes in Conoil and Equitorial Trust Bank. All these ventures have enabled him to become
the second richest person in Nigeria. During his studies at Pace University in the United States,
Adenuga used to drive a taxi to support him. During the early years of his career,
Adenuga started several hustles doing petty businesses such as selling laces
and distribution of soft drinks. 4) Johann Rupert (South Africa)
Net worth: $7.3 billion Age: 70
Johann Rupert’s primary source of wealth is Compagnie Financiere Richemont,
which owns various luxury brands from clothing to wristwatches like Cartier and Montblanc,
includes fashion labels Azzedine Alaïa, Chloé, and Dunhill. Johann Rupert is the
current chairman of Compagnie Financiere Richemont and holds majority stakes in it.
3) Nicky Oppenheimer (South Africa) Net worth: $8 billion (2021)
Age: 75 Nicky Oppenheimer comes
from a wealthy family which has been shaping the business landscape across South Africa.
The Oppenheimer’s family has been involved in the diamond mining business for more than
three generations. Nicky’s grandfather, Ernest Oppenheimer, was the founder of Anglo-American
Plc, the world’s largest producer of platinum. Nicky Oppenheimer was the chairman of DeBeers,
a diamond mining and trading company which is owned by Anglo-Americans (85%) and the Government
of Botswana (15%). Nicky Oppenheimer is also one of the richest persons in South Africa.
2) Nassef Sawiris (Egypt) Net worth: $8.12 billion
Age: 59 Like his brothers Naguib and Samih,
Nassef is also one of the wealthiest people in Africa. He is the youngest among the three
brothers and heads Orascom Constructions, formed after the Orascom group was split into multiple
companies. His 6% stakes in Adidas AG are his most valuable asset. The NSWE group, which is jointly
owned by Nassef and American investor Wes Edens, bought the English football club Aston Villa.
1) Aliko Dangote (Nigeria) Net worth: $11.3 billion
Age: 63 Aliko Dangote is the
richest man in Africa and has many titles to his name. He’s called the undisputed cement king of
Africa. He also made his fortune by investing in stocks of publicly-traded salt and sugar
manufacturing companies. With his $12 billion Dangote oil refinery project in Lagos, Aliko
Dangote is expected to make an impression in the African oil market. Once completed, the Dangote
oil refinery would be the largest in the world producing more than 650,000 BPD. The refinery
will also include a urea manufacturing plant with a capacity of 3 million metric tons per year.
Most of the individuals above have something to say about the level of economic development in the
home countries hence, Africa as a whole. Knowing these influential persons and what they are up to
creates opportunities. Thanks for watching and feel free to leave a comment if you feel any
city has been left out. I hope you enjoyed the video and if you did please don’t forget to give
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