
Audio By Carbonatix
Nigeria’s billionaire businessman and President/CEO of Dangote Group, Aliko Dangote, has topped Forbes Africa’s Billionaires list for 2020 for the ninth time in a row.The list according to Forbes captures only eight countries who have billionaires; Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two.Maintaining the number one spot with a net worth of $10.1 billion, 62-year-old Dangote, an industrialist with investments in cement, oil and gas, flour and sugar surpassed Egyptian billionaire, Nassef Sawiris whose net worth stands at $8 billion.Mr Sawiris’ most valuable assets are in Orascom Construction Industries (OCI) one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa.He also has stakes in cement giant, Lafarge Holcim and Adidas, where he sits on the supervisory board.Meanwhile, Nigeria’s second richest man, Mike Adenuga maintained the number three spot with a net worth of $7.7 billion.Adenuga built his fortune in banking, oil production and telecom with the mobile phone network, Globacom – Nigeria’s third-largest operator.Also tied at number three spot with Adenuga is South Africa’s Nicky Oppenheimer and his family with a net worth of $7.7 billion.Oppenheimer, heir to his family’s fortune occupies a controlling spot in the world’s diamond trade and owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.At number five spot on Forbes list is chairman of Swiss luxury goods firm Compagnie Financiere Richemont, Johann Rupert.Mr Rupert, another South African billionaire has a net worth of $6.5 billion.The company is best known for its brands, Cartier and Montblanc.Other Africa billionaires include:Issad Rebrab and family with a net worth of $4.4 billion – AlgeriaMohamed Mansour with a net worth of $3.3 billion – EgyptAbdulsamad Rabiu, a Nigerian with a net worth of $3.1 billionNaguib Sawiris joins his brother, Nassef, in the top 10 wealthiest Africans with a net worth of $3 billion.On number 10 spot is Patrice Motsepe from South Africa, with a net worth of $2.6 billion.Capping the list at number 20 spot is Nigeria’s richest woman, Folorunsho Alakija who has a net worth o $1 billion.See the full list of Africa’s billionaires below:
- Aliko Dangote $10.1 billion
- Nassef Sawiris $8 billion
- Mike Adenuga $7.7 billion
- (3) Nicky Oppenheimer $7.7 billion
- Johann Rupert $6.5 billion
- Issad Rebrab $4.4 billion
- Mohamed Mansour $3.3 billion
- Abdulsamad Rabiu $3.1 billion
- Naguib Sawiris $3 billion
- Patrice Motsepe $2.6 billion
- Koos Bekker – $2.5 billion
- Yasseen Mansour – $2.3 billion
- Isabel dos Santos – $2.2 billion
- Youssef Mansour – $1.9 billion
- Aziz Akhannouch – $1.7 billion
- Mohammed Dewji – $1.6 billion
- Othman Benjelloun – $1.4 billion
- Michiel Le Roux – $1.3 billion
- Strive Masiyiwa – $1.1 billion
- Folorunsho Alakija – $1 billion
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Africa Governance Centre strengthens ties with Latin America at COPPPAL plenary in Mexico City
15 minutes -
GMTF, Tamale Teaching Hospital tighten partnership to accelerate lifesaving care
49 minutes -
QNET calls for intensified action against organised fraud and trafficking in West Africa
49 minutes -
Ghana not returning to bond market yet despite early debt settlements — Theo Acheampong
55 minutes -
Architectural choices contributing to Accra’s flood crisis – Expert warns
59 minutes -
QNET touts EOCO partnership as key tool in fight against trafficking and online fraud
1 hour -
QNET renews commitment to EOCO partnership in combating human trafficking and Model Q criminal networks
1 hour -
Normalising flood risk is worsening Accra’s vulnerability – JoyNews Jacqueline Ansomah Yeboah
1 hour -
Governing The Rain: Flood risk, institutional failure, and the politics of urban infrastructure in Accra
1 hour -
KGL Foundation brings free health screening to Bolgatanga, promotes early disease detection
1 hour -
‘I didn’t think it was a foul’: Trump says he asked FIFA president for review of controversial red card
1 hour -
Trump confirms he asked Fifa to review Balogun ban
2 hours -
WAFCON 2026: Morocco aim to break final barrier after two final appearances
2 hours -
WAFCON 2026: Algeria ready to challenge Africa’s elite
2 hours -
Ghana’s accommodation mix is shifting and Airbnb-style stays are quietly winning ground
2 hours