Richest Men In Africa And Their Net Worth In 2023 [Top 10]

In 2023, Africa boasts a remarkable list of individuals who have amassed immense wealth through their entrepreneurial ventures and business acumen. Forbes has recently released its rankings of the top 10 richest men in Africa, providing insights into their net worth and the industries they dominate. Let’s delve into the lives and achievements of these influential figures who continue to shape the African business landscape.

1. Aliko Dangote – Net worth: $13.5 billion – Industry: Manufacturing

Aliko Dangote, a Nigerian business magnate, retains his position as the wealthiest man in Africa for the 12th consecutive year. With a net worth of $13.5 billion, Dangote has made significant strides in the manufacturing industry. His empire spans various sectors, including cement, sugar, and flour production, contributing to Nigeria’s economic growth.

2. Johann Rupert – Net worth: $10.7 billion – Industry: Fashion and Retail

Johann Rupert, a South African entrepreneur, stands at the second position on the list. With a net worth of $10.7 billion, Rupert has made his fortune through his involvement in the fashion and retail industry. As the chairman of Compagnie Financiere Richemont, the parent company of renowned luxury brands such as Cartier and Montblanc, Rupert has solidified his position as a key player in the global luxury market.

3. Nicky Oppenheimer – Net worth: $8.4 billion – Industry: Metal and Mining

Nicky Oppenheimer, a South African businessman, ranks third on the list with a net worth of $8.4 billion. His wealth primarily stems from his involvement in the metal and mining industry. Previously the head of diamond mining giant DeBeers, Oppenheimer’s strategic business decisions and successful ventures have contributed to his impressive fortune.

4. Abdulsamad Rabiu – Net worth: $7.6 billion – Industry: Diversified

Abdulsamad Rabiu, a Nigerian industrialist, holds the fourth position on the list with a net worth of $7.6 billion. His success lies in diversification, as he has established himself in various sectors, including cement, sugar, and infrastructure. Rabiu’s entrepreneurial spirit and commitment to innovation have propelled him to great heights in the African business landscape.

5. Nassef Sawiris – Net worth: $7.3 billion – Industry: Construction and Engineering

Nassef Sawiris, an Egyptian businessman, ranks fifth on the list with a net worth of $7.3 billion. His wealth originates from his involvement in the construction and engineering industry. As the CEO of Orascom Construction Industries, Sawiris has played a pivotal role in shaping Egypt’s infrastructure development and has expanded his influence across the African continent.

6. Mike Adenuga – Net worth: $6.3 billion – Industry: Diversified

Mike Adenuga, a Nigerian entrepreneur, is a prominent figure in Africa’s business landscape. With a net worth of $6.3 billion, Adenuga has diversified his investments across sectors such as telecommunications, oil, and real estate. His entrepreneurial ventures have contributed significantly to Nigeria’s economic growth and development.

7. Issad Rebrab – Net worth: $4.6 billion – Industry: Food & Beverage

Issad Rebrab, an Algerian businessman, holds the seventh position on the list with a net worth of $4.6 billion. Rebrab has made his fortune in the food and beverage industry, primarily through his ownership of Cevital, one of Algeria’s largest privately-held conglomerates. His contributions to the Algerian economy have earned him recognition as a key player in the region.

8. Naguib Sawiris – Net worth: $3.3 billion – Industry: Telecom

Naguib Sawiris, an Egyptian billionaire, ranks eighth on the list with a net worth of $3.3 billion. His wealth primarily stems from his involvement in the telecommunications industry. As the founder of Orascom Telecom Media and Technology Holding, Sawiris has played a significant role in advancing Egypt’s telecommunications infrastructure and expanding his influence globally.

9. Patrice Motsepe – Net worth: $3.2 billion – Industry: Metal & Mining

Patrice Motsepe, a South African mining magnate, holds the ninth position on the list with a net worth of $3.2 billion. Motsepe’s wealth originates from his involvement in the metal and mining industry, particularly through his ownership of African Rainbow Minerals. His contributions to South Africa’s mining sector and philanthropic endeavors have earned him recognition both locally and internationally.

10. Mohamed Mansour – Net worth: $2.9 billion – Industry: Diversified

Mohamed Mansour, an Egyptian businessman, rounds up the top 10 list with a net worth of $2.9 billion. Mansour’s wealth is derived from his diversified business interests, including automotive, retail, and real estate. His entrepreneurial journey and commitment to economic development have positioned him as a key player in Egypt’s business landscape.

The top 10 richest men in Africa in 2023 exemplify the continent’s potential for economic growth and entrepreneurship. Through their ventures in various industries, these individuals have not only amassed significant wealth but have also contributed to job creation, infrastructure development, and economic progress across Africa. Their success stories serve as inspiration for aspiring entrepreneurs and highlight the immense opportunities that lie within the African business landscape.

Commonly Asked Questions