Top 20 richest men in Africa in 2024: their net worth and profile
The African continent is blessed with great minds, successful entrepreneurs, and career people. The richest men in Africa do not have a single income stream. Instead, they have interests in multiple sectors. Discover the wealthiest people on the continent, their ages, and how they made their wealth.
TABLE OF CONTENTS
This list of the richest men in Africa is strictly based on individual net worth as of March 2024. These wealthy persons come from different countries on the continent. Note that the list may not include affluent people whose net worth is not known in the public domain.
Overview of the richest men in Africa
| Ranking | Name | Net worth(as of March 2024) |
| 1 | Aliko Dangote | $13.5 billion |
| 2 | Johann Rupert & family | $12.1 billion |
| 3 | Nicky Oppenheimer | $9.5 billion |
| 4 | Nassef Sawiris | $8.9 billion |
| 5 | Mike Adenuga | $6.7 billion |
| 6 | Abdulsamad Rabiu | $5.2 billion |
| 7 | Naguib Sawiris | $3.8 billion |
| 8 | Mohamed Mansour | $3.2 billion |
| 9 | Koos Bekker | $2.6 billion |
| 10 | Patrice Motsepe | $2.5 billion |
| 11 | Issad Rebrab & family | $2.5 billion |
| 12 | Stephen Saad | $1.9 billion |
| 13 | Strive Masiyiwa | $1.8 billion |
| 14 | Mohammed Dewji | $1.8 billion |
| 15 | Aziz Akhannouch & family | $1.6 billion |
| 16 | Othman Benjelloun & family | $1.4 billion |
| 17 | Femi Otedola | $1.4 billion |
| 18 | Youssef Mansour | $1.3 billion |
| 19 | Yasseen Mansour | $1.2 billion |
| 20 | Christoffel Wiese | $1.2 billion |
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Richest men in Africa: top 20 list
Below is an exploration of Africa’s wealthiest people in 2024. These are people who have invested heavily in various sectors. Some are self-made, while others got a boost from their families.
20. Christoffel Wiese - $1.2 billion
- Date of birth: 10 September 1941
- Age: 82 years (as of March 2024)
- Country of birth: South Africa
- Source of wealth: Consumer retail
- Net worth: $1.2 billion
Christoffel Wiese's most valuable asset is Shoprite, but he also holds stakes in real estate firm Collins Property Group, investment holding company Brait and industrial products distributor Invicta Holdings. Christoffel Wiese's net worth is $1.2 billion.
19. Yasseen Mansour - $1.2 billion
- Date of birth: 1 January 1961
- Age: 63 years (as of March 2024)
- Country of birth: Egypt
- Source of wealth: Financial investment and real estate
- Net worth: $1.2 billion
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Yasseen Mansour is a successful businessman and part owner of the Mansour Group. He is also the chairman of Palm Hills Developments and has multiple Credit Suisse accounts per Suisse secrets. Yasseen Mansour's net worth $1.2 billion.
18. Youssef Mansour - $1.3 billion
- Year of birth: 1944/ 1945
- Age: 78/79 years (as of March 2024)
- Country of birth: Egypt
- Source of wealth: Financial investment
- Net worth: $1.3 billion
Youssef Mansour is chairman of family-owned conglomerate called The Mansour Group, which was founded by his father Loutfy in 1952. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. Youssef Mansour's net worth is $1.3 billion.
17. Femi Otedola - $1.4 billion
- Date of birth: 4 November 1962
- Age: 61 years (as of March 2024)
- Country of birth: Nigeria
- Source of wealth: Oil and power industries
- Net worth: $1.4 billion
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Femi Otedola is a Nigerian businessman and philanthropist. He is the former chairman of Forte Oil PLC, and is the current executive chairman of Geregu Power PLC. Femi Otedola's net worth is $1.4 billion.
16. Othman Benjelloun & family - $1.4 billion
- Date of birth: 20 January 1932
- Age: 92 years (as of March 2024)
- Country of origin: Morocco
- Source of wealth: Banking
- Net worth: $1.4 billion
Othman Benjelloun is a banker billionaire businessman. He is known for co-founding of BMCE Bank and Bank of Africa. He serves as the bank's chairman. Othman Benjelloun's net worth is $1.4 billion.
15. Aziz Akhannouch & family - $1.6 billion
- Year of birth: 1961
- Age: 63 years (as of March 2024)
- Country of origin: Morocco
- Source of wealth: Political career, petroleum, gas, and chemicals production
- Net worth: $1.6 billion
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Aziz Akhannouch is the Prime Minister of Morocco. His government took office on 7 October 2021. He is the majority owner of Akwa Group, a multibillion-dollar conglomerate co-founded by his father.
The conglomerate has interests in petroleum, gas and chemicals. Aziz Akhannouch's net worth is $1.6 billion.
14. Mohammed Dewji - $1.8 billion
- Date of birth: 8 May 1975
- Age: 48 years (as of March 2024)
- Country of origin: Tanzania
- Source of wealth: Textile manufacturing, flour milling, beverages, and edible oils
- Net worth: $1.8 billion
Mohammed "Mo" Gulamabbas Dewji is a Tanzanian billionaire businessman and former politician. He is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s. Mohammed Dewji's net worth is $1.8 billion.
13. Strive Masiyiwa - $1.8 billion
- Date of birth: 29 January 1961
- Age: 63 years (as of March 2024)
- Country of origin: Zimbabwe
- Source of wealth: Telecom
- Net worth: $1.8 billion
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Strive Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist. He overcame protracted government opposition to launch the mobile phone network called Econet Wireless Zimbabwe in Zimbabwe in 1998. Strive Masiyiwa's net worth is $1.8 billion.
12. Stephen Saad - $1.9 billion
- Date of birth: 23 June 1964
- Age: 59 years (as of March 2024)
- Country of origin: South Africa
- Source of wealth: Pharmaceuticals
- Net worth: $1.9 billion
Stephen Saad is the co-founder of Aspen Pharmacare, a leading drug production company in South Africa. The company is traded on the Johannesburg Stock Exchange. It markets generic medicines in 150 countries. Stephen Saad's net worth is $1.9 billion.
11. Issad Rebrab & family - $2.5 billion
- Date of birth: 27 May 1944
- Age: 79 years (as of March 2024)
- Country of origin: Algeria
- Source of wealth: Sugar refinery, water purification, steel milling, and French home appliances
- Net worth: $2.5 billion
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Issad Rebrab is the founder and CEO of Cevital, the biggest privately-held company in Algeria. The company owns one of the largest sugar refineries in the world.
He also owns Groupe Brandt, a French home appliances maker, a German water purification company, and an Italian steel mill. Issad Rebrab's net worth is $2.5 billion.
10. Patrice Motsepe - $2.5 billion
- Date of birth: 28 January 1962
- Age: 62 years (as of March 2024)
- Country of origin: South Africa
- Source of wealth: Mining
- Net worth: $2.5 billion
Patrice Motsepe's wealth is derived from the mining industry. Motsepe founded African Rainbow Minerals, a diversified mining and minerals company operating in South Africa and Malaysia.
He also owns a private equity company called African Rainbow Capital. Patrice Motsepe's net worth is $2.5 billion.
9. Koos Bekker - $2.6 billion
- Date of birth: 14 December 1952
- Age: 71 years (as of March 2024)
- Country of origin: South Africa
- Source of wealth: Media and investments
- Net worth: $2.6 billion
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Jacobus Petrus "Koos" Bekker is known for transforming Naspers, a South African newspaper publisher, into an e-commerce investor and cable TV company. He was the CEO of Naspers until March 2014. In 2015, he returned to the company as the chairman. Koos Bekker's net worth $2.6 billion
8. Mohamed Mansour - $3.2 billion
- Year of birth: 1948
- Age: 76 years (as of March 2024)
- Country of origin: Egypt
- Source of wealth: Auto
- Net worth: $3.2 billion
He is the overseer of Mansour Group, a family conglomerate founded by his late father in 1952. In 1975, he founded General Motors dealerships in Egypt. Mansour served as Egypt's Minister of Transportation from 2006 to 2009. Mohamed Mansour's net worth is $3.2 billion.
7. Naguib Sawiris - $3.8 billion
- Date of birth: 15 June 1954
- Age: 69 years (as of March 2024)
- Country of origin: Egypt
- Source of wealth: Telecom
- Net worth: $3.8 billion
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Naguib Sawiris is Nassef Sawiris' brother. He built a fortune in telecom. In 2011, he sold Orascom Telecom to Russian telecom firm Veon in a multibillion-dollar transaction.
He is the chair of Orascom TMT Investments and the owner of Silversands Resort on the Caribbean island of Grenada. Naguib Sawiris' net worth is $3.8 billion.
6. Abdulsamad Rabiu - $5.2 billion
- Date of birth: 4 August 1960
- Age: 63 years (as of March 2024)
- Country of origin: Nigeria
- Source of wealth: Cement production, sugar refining and real estate
- Net worth: $5.2 billion
Abdulsamad Rabiu is the founder of BUA Group, a conglomerate with interests in cement production, sugar refining and real estate.
In 2020, he merged his privately-owned Obu Cement company with Cement Co. of Northern Nigeria. BUA Cement PLC trades on the Nigerian stock exchange. Abdulsamad Rabiu's net worth is $5.2 billion.
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5. Mike Adenuga - $6.7 billion
- Date of birth: 29 April 1953
- Age: 70 years (as of March 2024)
- Country of origin: Nigeria
- Source of wealth: Telecom and oil production
- Net worth: $6.7 billion
Mike Adenuga is the owner of Globacom, the third-largest mobile phone network operator in Nigeria. He has built a fortune in telecom and oil production. Conoil Producing, his oil exploration firm, operates in the Niger Delta. Mike Adenuga's net worth is $6.7 billion.
4. Nassef Sawiris - $8.9 billion
- Date of birth: 19 January 1961
- Age: 63 years (as of March 2024)
- Country of origin: Egypt
- Source of wealth: Nitrogen fertilizer production
- Net worth: $8.9 billion
Nassef Sawiris is one of the African billionaires in 2024. He runs Orascom Construction Industries, one of the world's largest nitrogen fertilizer producers. The company trades on the Euronext Amsterdam exchange.
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He also has a 6% stake in Adidas sportswear and a 5% stake in New York-listed firm Madison Square Garden Sports. Nassef Sawiris' net worth is $8.9 billion.
3. Nicky Oppenheimer - $9.5 billion
- Date of birth: 8 June 1945
- Age: 78 years (as of March 2024)
- Country of origin: South Africa
- Source of wealth: Diamond trade and aviation
- Net worth: $9.5 billion
Nicky Oppenheimer is among the top 20 richest people in Africa. He has amassed his wealth from trading diamonds. He inherited the diamond trading business called DeBeers from his father. Besides DeBeers, he owns and runs Fireblade Aviation, a firm that offers chartered flights in Johannesburg. Nicky Oppenheimer's net worth is $9.5 billion.
2. Johann Rupert & family - $12.1 billion
- Date of birth: 1 June 1950
- Age: 73 years (as of March 2024)
- Country of origin: South Africa
- Source of wealth: Trading luxury products
- Net worth: $12.1 billion
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Johann Rupert is among the richest men who don't show their wealth in Africa. He is a simple man who keeps his life rather private. He is the chairman of a Swiss luxury goods company called Compagnie Financiere Richemont. The firm is known for the brands Cartier and Montblanc. He runs the business with his family members. Johann Rupert's net worth is $12.1 billion.
1. Aliko Dangote - $13.5 billion
- Date of birth: 10 April 1957
- Age: 66 years (as of March 2024)
- Country of origin: Nigeria
- Source of wealth: Cement, sugar, automobile
- Net worth: $13.5 billion
Aliko Dangote is the richest black man in the world. Most of his wealth comes from the Dangote Group, a conglomerate with interests in cement manufacturing, sugar refining, automobile manufacturing, and oil refining. Aliko Dangote's net worth is $13.5 billion.
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Mansa Musa was an African emperor who is known as the world's richest man ever. His net worth was about $400 billion.
Who is the richest man in Africa?
The wealthiest man on the continent in 2024 is Aliko Dangote. He has a net worth of $13.5 billion.
Which country in Africa has the most millionaires?
South Africa is home to the highest number of dollar millionaires in Africa. The country has 37,800 people worth at least $1 million.
Who are the top 10 richest men in Africa?
The wealthiest people on the continent are Aliko Dangote, Johann Rupert, Nicky Oppenheimer, Nassef Sawiris, Mike Adenuga, Abdulsamad Rabiu, Naguib Sawiris, Mohamed Mansour, Koos Bekker, and Patrice Motsepe.
Who is the richest man in Nigeria?
Aliko Dangote is the richest person in Nigeria. He is worth $13.5 billion as of March 2024.
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The richest men in Africa are dollar billionaires who have invested in multiple sectors of the economy. These men are respected for their business acumen.
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