Richest Man In Africa 2020 (Forbes Top 10 Richest Africans Today)

Nubiapage presents you the Forbes list for the Richest man in Africa 2020, this list features the richest African personalities of 2020. Below we show the wealthiest of the African people from defferent African nations.

Here is a list of the top 10 richest men in Africa 2020:

Who is the richest man in Africa?

Aliko Dangote with a net worth of 10.3 billon from Nigeria is still the richest Man in Africa and the richest black man in the world as of year 2020. After adding additional 4 billion dollars to his wealth in year 2019

List Of The Top Ten Richest Men In Africa 2020

10. Patrice Motsepe – $2.6 B

Patrice Tlhopane Motsepe is a South African mining magnate who became a billionaire in 2008. He is the first black African on the Forbes list of world billionaires.

Motsepe, 53, bought low-producing gold mine shafts in 1997 and turned them into profitable ventures in a year. Today, he is number 10 on the Forbes list of Africa’s Billionaires 2020.

9. Naguib Sawiris – $3 B

Naguib Sawiris is a scion of Egypt’s wealthiest family. His brother Nassef is also a billionaire. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. He’s chairman of Orascom TMT Investments, which has stakes in a major asset manager in Egypt and an Italian internet company, among others.

8. Abdulsamad Rabiu – $3.1 B

Alhaji Abdulsamad Rabiu is a prominent Nigerian businessman from Kano. He founded BUA Group in 1988 and serves as its Chairman of the Board and Chief Executive Officer. BUA group is now one of the most important diversified group in Nigeria, active in food (sugar and oil) and infrastructures (cement, ports, real estate).

7. Mohamed Mansour – $3.3 B

With a 2020 net worth of $3.3 billion, Mansour is the richest member of his family and currently stands as one of the wealthiest businessmen in Egypt. The siblings have taken the helm of the Mansour Group after their father’s passing four decades ago, and have since completely overhauled the company and built close ties with massive business conglomerates the world over, like Chevrolet, Marlboro, General Motors and Caterpillar.

6. Issad Rebrab – $4.4 B

Top 10 Richest Man In Africa

Mr Rebrab had already spent eight months in custody awaiting trial, more than his sentence, so he was released by the court. He was fined 1.383 billion dinars (Dh42.7 million). Cevital subsidiary Evcon was fined 2.766bn dinars. Jordan-based Housing Bank for Trade and Finance, which was also prosecuted, was fined 3.169bn dinars. They were convicted of breaking laws on foreign exchange and fund transfers as well as forgery and false custom declarations. Forbes magazine lists Mr Rebrab as Algeria’s richest man and the sixth-wealthiest in Africa, with a net worth of $4.4 billion in 2020.

5. Johann Rupert – $6.5 B

As chairman of Swiss luxury group Richemont, South African business mogul Johann Rupert oversees an elite portfolio of luxury brands that includes fashion labels Azzedine Alaïa, Chloé, and Dunhill, alongside established jewellery and watch brands such as Van Cleef & Arpels, Vacheron Constantin and Cartier. In 2010, the group also acquired 100 percent of the shareholding in luxury e-tailer Net-a-Porter, in a deal valuing the business at over $500 million.

4. Nicky Oppenheimer – $7.6 B

Top 10 Richest People In Africa 2020

He was also appointed chairman of the Diamond Trading Company in 1985. Chairman of the De Beers Group from 1998 to 2012, he retired when the family stake was sold to Anglo American. Oppenheimer appeared on the Sunday Times Rich List 2018 as the 23rd richest person in the United Kingdom, with a reported fortune of £5.5 billion, and ranked as the richest man in South Africa on Forbes Rich List for 2020, with his fortune reported as US$7.7 billion

3. Mike Adenuga – $7.7 B

Nigerian billionaire businessman, and the second-richest person in Africa. His company Globacom is Nigeria’s second-largest telecom operator, which has a presence in Ghana and Benin. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company). Forbes has estimated his net worth at $8.9 billion as of November 2019.

2. Nassef Sawiris – $8B

The fortune of billionaire Nassef Sawiris rose by $1.5 billion over the past few months to become $7.9 billion as Aston Villa achieved victory to compete in the next edition of the Premier League and a partnership deal between OCI NV and ADNOC was concluded. That partnership will give rise to the largest producer and exporter of nitrogen fertilizer in the MENA region. The share of OCI NV is 58 percent, while the rest will be held by ADNOC. The annual production is estimated at 5 tons of urea and 1.5 tons of ammonia.

1. Aliko Dangote – $10.3 B

Richest Man In Africa 2020

So we have the no.1 on the list the richest man in Africa 2020 today is Dangote Although his wealth dropped slightly down to $10.1bn from $10.3bn last year Aliko Dangote stays on top as the richest person in Africa, a position he has held for the last nine years. The Nigerian tycoon, on the verge of multiplying his income fivefold by 2021, saw his wealth blunted by the drop in shares in Dangote Cement. The 62-year-old billionaire’s wealth was estimated at the same level in 2011, the first year in which he ranked among the richest in Africa but had more than doubled by 2014.