Richest Man in Africa 2023 Top 10 List, Net Worth, Business Model

Richest Man in Africa 2023 Top 10 List, Net Worth, Business Model and many other details are discussed here. In the past, some of the richest people in the world lived in Africa. Forbes Africa has just published a list of the top 100 richest people on the African continent in 2023.


Richest Man in Africa 2023

It includes both well-known names and newbies. The list contains people from various industries, such as banking, mining, and telecommunications. The economic environment of the continent is constantly shifting, which resulted in some adjustments to this year’s ranking. Continue reading to learn more about Richest Man in Africa 2023.

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Top 10 Richest Man in Africa 2023

#1. Aliko Dangote

Aliko Dangote is the wealthiest man in Africa, with a net worth of 13.5 billion dollars. He is the founder and president of the Dangote Group. Most of Mr. Dangote’s wealth comes from his cement manufacturing company, Dangote Cement, which operates in several African countries, including Nigeria, Zambia, and South Africa.

Richest Man in Africa

Because of the investments he has made in the production of sugar, wheat, and salt, as well as in real estate, telecommunications, agriculture, and, most recently, petroleum, he has continued to collect a great deal of wealth. Dangote’s freshly built refinery, which cost 14 billion dollars, would cut Nigeria’s dependency on imported products by as much as 36 percent.

#2. Johann Rupert

Johann Rupert is the second wealthiest person in Africa, with a total worth of $10.7 billion. He made his fortune in the luxury goods industry and founded Richemont, the parent company of many well-known brands, including Cartier and Montblanc.

He is called “the King of Diamonds.” Additionally, he is the founder and chairman of an investment company known as Remgro. This company has assets in several different sectors, such as the banking industry, the healthcare industry, and others. Johann’s wealth is around $8.6 billion, and he has maintained a constant position on Forbes’ list of billionaires for many years.

#3. Nicky Oppenheimer

Nicky Oppenheimer has risen to the third richest person on the African continent thanks to his net worth of $8.7 billion. He achieved financial success in the diamond trade via his company, De Beers. His company gets recognized as one of the most successful diamond enterprises in the world. He has diversified his holdings to include businesses in other sectors, such as wine and nonprofits.

He became wealthy via his work in the diamond sector. Throughout the previous year, the investment company owned by his family, E. Anglo American, bought the stake in De Beers. The acquisition, valued at $5.1 billion, resulted in Anglo-Americans acquiring complete control of De Beers.

#4. Abdulsamad Rabiu

With his net wealth of $7.2 billion, Abdulsamad Rabiu is now Africa’s fourth richest person. The Nigerian businessman, the chairman and founder of BUA Group, a corporation that works in many sectors, including cement, sugar, and real estate, has been creating waves in the business world with his successes and investments. BUA Group operates in various industries. The BUA Group is active in sugar and cement manufacturing.

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#5. Nassef Sawiris

With a total wealth of $7.2 billion, Nassef Sawiris ranks as the fifth wealthiest person in Africa. He is the Chief Executive Officer of Orascom Construction Industries and has amassed a fortune in the construction sector. He has continued to invest in the firms he already owns and expanded his portfolio to include new holdings in various markets, such as the real estate and finance sectors.

Nassef Sawiris’ participation in forming The Artemis Group, a recent investment firm placing bets on environmentally friendly businesses and projects worldwide, has been one of the most significant achievements in his career. Other wealthy people, such as Joseph Safra and David Rockefeller Jr., were also involved in the formation of this company.

#6. Mike Adenuga

Mike Adenuga is now the sixth richest man in Africa according to his total assets of $5.6 billion. It places him in the fifth position on this list. He founded the oil and gas business Conoil and the Nigerian telecoms company Globacom. Globacom is a crucial player in the Nigerian market.

Additionally, he is the chairman of both of the firms. Adenuga often appears on the richest people list compiled and published by Forbes. Despite this, due to the present economy and other factors, Adenuga’s wealth, which stood at $8.7 billion in 2021, has decreased throughout the last few years.

#7. Issad Rebrab

Issad Rebrab is now the seventh wealthiest person in Africa, having amassed a total fortune of $4.6 billion throughout his lifetime. Cevital is Algeria’s largest privately owned corporation, and he founded the firm and serves as its current CEO. He leads the company’s expansion inside Algeria and other countries.

The biggest privately held corporation in Algeria is Cevital. Issad Rebrab is one of the rare billionaires who has increased their net worth despite the economic downturns this year. In 2017, he had a net worth of $4.8 billion, making him one of the few billionaires who had reached that milestone.

#8. Naguib Sawiris

With an estimated net worth of $3.3 billion, Naguib Sawiris, a wealthy Egyptian entrepreneur and philanthropist, makes it to the Richest Man in Africa 2023 list. Sawiris is also well-known for the philanthropic efforts he has made.

Orascom Investment Holding is a division of Orascom Group, which is a company that invests in numerous industries, such as telecommunications, real estate, and infrastructure. This division is called Orascom Investment Holding. Naguib Sawiris now lead Orascom Investment Holding in the role of chairman.

#9. Patrice Motsep

Patrice Motsepe is the ninth richest person in Africa, with a net worth of $4.1 billion. He amassed his wealth in the mining sector and is now the chairman of African Rainbow Minerals, a mining firm focused on gold, ferrous, and base metals.

In 2013, he had a net worth of around $2.9 billion, which placed him eighth on the list of the wealthiest Africans. Motsepe is active in various South African sporting events and does a lot of charity. He is the founder of Mamelodi Sundowns Football Club, one of the most successful football teams in South Africa. Additionally, he leads the South African Football Association as its president.

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#10. Mohamed Mansour

With a total wealth of $2.8 billion, Mohamed Mansour is the tenth wealthiest man in Africa. Mohamed Mansour, an Egyptian businessman, serves as the chairman of the Mansour Group. This corporation has operated since 1952 in the automotive, retail, and real estate sectors. Mansour owns the Mansour Group.

Mansour has a net worth of $2.6 billion. Due to the purchase of the biggest distributor of agricultural equipment in Egypt and the development of a joint venture with an Indian auto manufacturer to make and sell cars in Egypt, Mansour’s net wealth has climbed by $1.4 billion since last year.

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