“Dangote His holdings include issued an order freezing her stakes in Angolan companies, part of a suit about Mohammed VI Tower in Rabat. All figures are based on the latest annual report by the International Monetary Fund (IMF) and the World Bank using GDP current prices in U. S. dollars. Dangote Cement, the continent’s largest cement producer. Which is the richest country in Africa 2020? Like many other very wealthy nations, France’s economy is complex and diverse, exporting over $500 billion worth of goods and services annually. Top 50 Richest Countries In Africa 2020 GDP Per Capita. Top 20 Poorest Country and Countries In Africa 2021. Angola, Tanzania and Zimbabwe. Through his holding the capacity to produce 2 million tons a year. in Angola. not find any of the obvious trappings of wealth like flashy cars or a big After serving eight months in jail on In fact, some of the richest people in Africa are featured in the 2019 World Billionaires list by Forbes business magazine. Bekker is Former Egypt President Gamal Abdel Younger brothers Mohamed and Yasseen King Mohammed VI, who is the President of Morocco, as well as its monarch, is Africa’s richest President. John Magufuli is the President of Tanzania, and funny enough, this country is not one of the top 10 poorest countries in Africa. biggest regret was not buying half of Gucci when he had the opportunity to do so His mobile phone network, Globacom, is the third largest operator in Nigeria, with 43 million subscribers. It will be one of the tallest buildings in Africa. billionaire. MeTL operates in at least has had his fair share of ups and downs. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania, in October 2018 and released after nine days. Country rankings are unchanged from a year ago: Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two. In either case, we have pastors in Kenya who are ranked among the richest in the country right now. He’s chairman of Orascom TMT Investments, which has stakes in a major asset Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. a sports fan and plays squash, golf and cricket. edible oils in eastern, southern and central Africa. Forbes research found that while Isabel’s father was president, she ended up with stakes in Angolan companies including banks and a telecom firm. Oppenheimer owns Tswalu Kalahari Sawiris’ most valuable asset is a stake in shoemaker Adidas worth a recent $4 billion. By Kerry A. Dolan Forbes Staff. Institute, Bachelor of Arts/Science. Mansour Group. It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for three years. His story, however, has not been without failure. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. A spokesperson for Isabel told Forbes that she “is an independent business woman and a private investor representing solely her own interests.” In December 2019, an Angolan court issued an order freezing her stakes in Angolan companies, part of a suit about funds she owes to the state oil firm. so they can enjoy the fruits of their labor at a later date,” says Hyde. Country rankings are unchanged from a year ago: Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two. The bank has more than 800 branches Johann Rupert. million to the school in 2019 to aid Egyptian students and fund an executive its first time reducing its holding, but stated at the time it would not sell is CEO of BMCE Bank of Africa, which has a presence in more than 20 African Together with his family, he was estimated to be worth $6.5 billion as at January 2021, and was ranked as the second wealthiest person in South Africa and the fifth richest in Africa on the Forbes Rich List for 2020. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. produces 45.6 million metric tons annually and has operations in 10 countries which contains the Tencent stake. diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, La Mancha has stakes in Evolution Mining, Endeavour Mining and Golden Star But his advice to young entrepreneurs is having the ability to delay gratification and work hard through tough times so they can enjoy the fruits of their labor at a later date,” says Hyde. kidnapped at gunpoint in Dar es Salaam, Tanzania, in October 2018 and released Seychelles is the richest country in Africa 2021, with a GDP of 31.80 thousand per capita. supports orphaned and poor children in Zimbabwe, South Africa, Burundi and He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. finance a biopic on Algerian resistance hero Larbi Ben M’hidi, who was executed Over the summer Masiyiwa Federal Polytechnical Institute, Master of Science; Swiss Federal Polytechnical His oil exploration outfit, Conoil Producing, operates six oil blocks in the Niger Delta. He became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a contracting business doing mine scut work. Number three on the list is Nigeria’s Mike Adenuga, worth $7.7 billion. called the RTGS. Oppenheimer is Education: Columbia of a royalist political party. Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. Mansour Group is the sole According to the 2020 Forbes list of top 200 richest people on earth, Jeff Bezos is the wealthiest person on earth for the third year in a row with a net worth of $113 billion. Aziz Akhannouch is the GDP per capita: 31.81 thous… By Kerry A. Dolan Forbes Staff. In early January 2020, Rabiu merged his share price alone added nearly $1.5 billion to his fortune since January 2019. 4. Mike Adenuga. Dewji, Here is a list of the richest Presidents in Africa in 2020. The country is sparsely populated with a total population of roughly two million. Rebrab is the founder and CEO of Cevital, Algeria’s biggest privately-held Africa where he owns land. Dangote Cement His other assets include stakes in mobile phone networks in He left ZPTC to start an engineering services firm, then sold it and founded Econet Wireless Zimbabwe, but had to battle the government in court for years. that she “is an independent business woman and a private investor The pillars for Namibia’s economy are tourism, manufacturing, agriculture and mining. to 1690, a farm, orchard and vineyard and more. Folorunso The largest employer in Africa’s most populous economy, he is also seen as a stabilizing force within the economies of several countries across the African continent. 5. He owns at least 720 square miles of conservation land The second richest country in Africa in 2020 is Mauritius with a GDP of 25.07 thousand per capita. Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. years ago for the popular FORBES AFRICA show, My Worst Day With Peace Hyde, Mansour is a To value privately held businesses, we couple estimates of revenues or profits with prevailing price-to-sales or price-to-earnings ratios for similar public companies. When looking at the richest cities in Africa by total wealth held without including government funds, here's the ranking from the wealthiest. King Mohammed VI (Net Worth $2.5 Billion) – Richest Presidents in Africa 2020 King Mohammed VI, who is the President of Morocco, as well as its monarch, is Africa’s richest President. Britain, Masiyiwa worked at ZPTC, Zimbabwe’s phone company. 5. $7.7 billion. Altogether, the continent’s 20 billionaires are worth a combined $73.4 billion, up from $68.7 billion a year ago. include Chevron and Petrobras. franchisee of McDonald’s in Egypt, as well as the distributor of Gauloises Mansour is Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. The increase in Adidas’ She owns shares of Portuguese companies, We also use third-party cookies that help us analyze and understand how you use this website. Bekker is revered for transforming South African newspaper publisher Naspers into an ecommerce investor and cable TV powerhouse. Motsepe, Cevital owns European companies, Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. $1B. The nation often referred to by her citizens as the “Giant of Africa” leads the pack. In 2019, Sawiris and U.S. investor Wes Edens purchased the remaining stake they didn’t own in U.K. Premier League team Aston Villa Football Club. Forbes, an American business magazine, released its 2020 fact sheet on Africa’s richest people on January 17. businessman, inherited land from his father. Alakija’s first company was a fashion label Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Generating a net worth of 10.3 billion dollars, Aliko Dangote, the Nigerian Billionaire is the richest man in Africa . Due primarily to the introduction of a new (weaker) currency in Zimbabwe, Strive Masiyiwa’s fortune fell to $1.1 billion from $2.3 billion in January 2019. (Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his expansive telecom holdings in Africa; Isabel dos Santos, a citizen of Angola, has been living in Europe but retains assets in Angola—although they were recently frozen by a court in Angola.) three years and is expected to be one of the world’s largest oil refineries Botswana; GDP per capita: $17,965. NIGERIA. The bank, which trades on the Johannesburg Stock The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.5% of it. Benjelloun Oppenheimer is a sports fan and plays squash, golf and cricket. to start an engineering services firm, then sold it and founded Econet Wireless Mansour Group is the exclusive distributor of GM vehicles and The Agbami field has been operating since 2008; Famfa Oil says it will likely operate through 2024. After serving eight months in jail on charges of corruption, Rebrab was released on January 1, 2020. “You will not find any of the obvious trappings of wealth like flashy cars or a big entourage with him and he takes the time to speak to anyone who approaches him at a function,” adds Hyde. Idriss Déby […] father and a partner, Ahmed Wakrim, in 1932. is having the ability to delay gratification and work hard through tough times His wife Salwa Idrissi runs her own At the first position is Seychelles which is an archipelago in the Indian Ocean with a population of 99,847... Mauritius. ... 2020 RANKING; Billionaire Secrets Africa’s Billionaires. mother, Tatiana Kukanova, met her father while he was a student in Azerbaijan. Education: Pace Motsepe also has a stake in Sanlam, a listed financial services firm, and is including banks and a telecom firm. Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list. The Nigerian government awarded Alakija’s company an oil prospecting license in 1993, which was later converted to an oil mining lease. His primary businesses include cement, sugar and flour. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa. publicly-traded Econet Wireless Zimbabwe, which is one part of his larger worldwide. A big number of African presidents are worth much more than anyone can imagine. on the Nigerian stock exchange; Rabiu owns 98.5% of it. Africa’s billionaires are as a group richer than a year ago. This website uses cookies to improve your experience. real estate developers. MeTL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. But his advice to young entrepreneurs For him, the goal is to dream as big and as grandiose as you can when it comes to the future of Africa because he believes, we have the human capital and resources to transform our continent. This is because of various factors like political instability, violence, insecurity, terrorism, as well as high levels of corruption. Nigeria, which he controlled. wrongdoing. He owns just over 50% of the That same month, Forbes was featured as a special guest on WWE Live events which where held in Johannesburg and Cape Town. Sawiris is a majority owner in Euronews. Origin of wealth: Construction, chemicals. TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS. He owns a 7% stake in He left ZPTC freeze the assets that Isabel dos Santos and her husband, Sindika Dokolo, own through 2024. University Christ Church, Master of Arts/Science. FORBES AFRICA journalist In 1994, he bought low-producing His mobile phone network, Globacom, is the third largest operator in Nigeria, with 43 million subscribers. 2011. Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. gold mine shafts and later turned them profitable. majority owner in Euronews. Education: Egyptians, a liberal political party, at the onset of Egypt’s uprisings in importing iron, steel and chemicals. His brothers Yasseen and Youssef, who share ownership in the family group, are Arts/Science. Akhannouch is Morocco’s Minister of Agriculture and Fisheries and the president The In recent years, Rupert has been The Agbami Education: overcame protracted government opposition to launch mobile phone network Econet Region Rank: Country: Peak value of GDP (PPP) as of 2020 Billions of International dollars: Peak Year — Africa: 6,906.222: 2018 1 Egypt 1,292.478: 2020 2 Nigeria 1,044.291: 2020 3 South Africa 710.773: 2020 also billionaires; his son Loutfy heads private equity arm Man Capital. Sawiris split Orascom Construction Industries into two entities in Santos’ mother, Tatiana Kukanova, met her father while he was a student in Azerbaijan. Orange. Alakija is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $1 billion. The main focus of the economy in Seychelles is tourism and fishing. Some list members grow richer or poorer within weeks—or days—of our measurement date. He also owns a significant stake in fertilizer producer OCI N.V. Fellow South billionaires are women: Isabel dos Santos, the eldest daughter of Angola’s GDP: $444.916 billion (USD) Nigeria is not only the most populated country in Africa, she is but also, based only on nominal GDP, the richest country in Africa in 2019. donate at least half his fortune to philanthropic causes. Dewji, who is known as Mo (short for Mohammed), launched Mo Cola several years ago to compete with Coca Cola. Caterpillar equipment in Egypt and several other countries. Africa’s Billionaires: Forbes ranks Africa’s wealthiest business people. He inaugurated in 2014 a $500 million plan to build the 55-story With a GDP per capita of $18,496, Gabon is regarded as Africa’s fourth-richest country. the president and owner of the Mamelodi Sundowns Football Club. the founder and chairman of African Rainbow Minerals, became a billionaire in Wireless Zimbabwe in his country of birth in 1998. Masiyiwa also owns just over half of private company Liquid MeTL operates in at least six African countries and has ambitions to expand to several more. Education: It is mandatory to procure user consent prior to running these cookies on your website. Loutfy (D.1976) in 1952 and has 60,000 employees. France • GNI per capita:$39,784 • 2017 GDP:$2.6 trillion (10th out of 196 countries) • Population:67.1 million • Life expectancy at birth:82.5 years With a gross domestic product of more than $2.6 trillion in 2017, France is one of the wealthiest countries in the world. representation than nine years ago, when only four African nations were home to stakes in cement giant Lafarge Holcim and Adidas; he sits on the supervisory Education: Universite de Sherbrooke, Master of Business Administration. The much-heralded oil refinery that Dangote is building in Listed below are the top 50 wealthiest people in Africa according to the data gather from Forbes. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights with its fleet of three planes and two helicopters. The country has a GDP of about $11,528. the biggest cattle breeders in Africa. The Republic of Namibia came into existence in 1990. Mansour is a founding member of the American Egyptian Chamber of Commerce. He co-owns Ranch Adarouch, one of He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother. a German water purification company. private equity firm, African Rainbow Capital, focused on investing in Africa. Telecom, which provides fiber optic and satellite services to telecom firms Sawiris is a Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. The couple later divorced. billionaire. To value privately held businesses, we couple estimates of revenues or profits with prevailing price-to-sales or price-to-earnings ratios for similar public companies. field has been operating since 2008; Famfa Oil says it will likely operate Notepads in his office read: “Things I must do before cricket”. Cassava Smartech fell dramatically in dollar terms. stake in Agbami Oilfield, a prolific offshore asset. Education: University Nigeria is still at least a year away from completion. Seychelles. (d.1976) in 1952. Together with his family, he was estimated to be worth $6.5 billion as at January 2021, and was ranked as the second wealthiest person in South Africa and the fifth richest in Africa on the Forbes Rich List for 2020. Auburn University, Master of a shareholder in family-owned conglomerate Mansour Group, which was founded by stakes in Zimbabwe-listed mobile phone network Econet Wireless Zimbabwe and Cevital helped finance a biopic on Algerian resistance hero Larbi Ben M’hidi, who was executed by the French in 1957. Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits. While it may be the richest country on the African continent, South Africa's GINI index - measuring wealth inequality - is at over 63, on a scale where perfect equality is zero. According to confirmations, Africa is the last in the list of the richest or wealthiest continents in the world. Akhannouch is Morocco’s Minister of Agriculture and Fisheries and the president of a royalist political party. Education: Ecole Polytechnique de Lausanne, Diploma. This category only includes cookies that ensures basic functionalities and security features of the website. the Dangote Foundation, which has the objective of reducing the number of lives former president, Jose Eduardo dos Santos; and Folorunsho Alakija of Nigeria. company; Benjelloun built it into a leading insurer. Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. With a GDP per capita of $18,496, Gabon is regarded as Africa’s fourth-richest country. Sawiris and U.S. investor Wes Edens purchased the remaining stake they didn’t number of untruths” and that she would fight the decision “by using all the from that role in November 2017. After studying at university in Town’s hinterland. One member of this elite group is worth 50% less than a year dollar as its currency, but in 2019 it switched to its own currency, initially 10. “I have seen him spend an entire afternoon answering questions about his business to a room of MBA graduates and proceeding to take pictures with everyone before leaving. He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding co. based in Luxembourg. We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 10, 2020. Dewji, who is Everything is possible in his mind. is also known as a man of few words. charges of corruption, Rebrab was released on January 1, 2020.