Africa Has 29 Billionaires and 50 richest people listed on Forbes
Fortune Magazine’s 2015 African Billionaires list is out. This year, the ranking counts 29 Africans whose net worth is higher than 1 billion dollars. There are two notable entries in this exclusive club: Tanzanian Mohammed Dewji, who is the youngest African billionaire at age 39. The second personality to mention is Femi Otedola, who made a big comeback after a 5-year hiatus.
29. Rostam Azizi, $1 billion
He is Tanzania’s second richest man. He is well established in the telecoms sector, owning 35% of Vodafone Tanzania. Rostam also owns assets in the mining sector.
28. Abdulsamad Rabiu, $1 billion
He is the founder of BUA Group, which is a diversified Nigerian conglomerate with interests in key sectors such as sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil gas, and shipping.
27. Femi Otedola, $1 billion
Nigeria’s Femi Otedola made his comeback after a five-year hiatus from the African billionaires list. He controls Forte Oil, which is a gas station company.
26. Sudhir Ruparelia, $1.1 billion
He is East Africa’s richest man. Ruparelia founded the Ruparelia Group, Uganda’s largest conglomerate.
25. Samih Sawiris, $1.1 billion
Samih Sawiris is Onsi Sawiris’s youngest son. The Sawiris family is Egypt’s richest family. Samih runs Orascom Development, a company that develops integrated towns and operates resorts in Egypt.
24. Mohammed Dewji, $1.3 billion
At age 39, he is Africa’s youngest billionaire. He turned a Tanzanian trading house into an industrial conglomerate called MeTL Group.
23. Miloud Chaabi, $1.3 billion
Miloud Chaabi owns Ynna Holding. His conglomerate owns hotels, supermarkets, and a renewable energy company.
22. Allan Gray, $1.6 billion
Allan Gray founded an investment management firm called Allan Gray Limited in 1973. His company is the largest asset management company in Africa with $34 billion of assets under management. Gray diversified his activities with Orbis Investment Management in Bermuda, which manages $30 billion.
21. Aziz Akhannouch, $1.7 billion
Aziz Akhannouch is a majority stakeholder of Akwa Group, a very diversified Moroccan conglomerate.
20. Onsi Sawiris, $1.8 billion
Onsi Sawiris founded the Orascom conglomerate, which is involved in construction, telecoms, and hotels.
19. Folorunsho Alakija, $1.9 billion
Alakija is Nigeria’s first female billionaire. Her company, Famfa Oil produces as much as 200,000 barrels of oil per day on good days.
18. Mohamed Al Fayed, $2 billion
Al Fayed owned the Hotel Ritz in Paris which he closed in August 2012 to start the construction of the hotel’s biggest redo since 1898.
17. Stephen Saad, $2.1 billion
Stephen Saad founded Aspen Pharmacare, the largest publicly-traded drug manufacturer on the Johannesburg Stock Exchange. Aspen supplies branded and generic pharmaceuticals in more than 150 countries.
16. Patrice Motsepe, $2.1 billion
Motsepe is South Africa’s first and only black billionaire. He founded African Rainbow Minerals (ARM) which has interests in platinum, nickel, chrome, iron, manganese, coal, copper and gold. He is a stakeholder of Sanlam, a financial services company.
15. Yasseen Mansour, $2.3 billion
Yasseen Mansour runs Mansour Group with his brothers. Mansour group is a large Egyptian conglomerate that owns Caterpillar, General Motor dealerships, supermarkets, restaurant franchises, and Philip Morris distribution in Egypt.
14. Othman Benjelloun, $2.3 billion
Othman Benjelloun is the CEO of one the largest pan-African banks: BMCE Bank. He is also the chairman of a holding company that has interests in banking, insurance, and telecom in Morocco.
13. Koos Bekker, $2.3 billion
Koos Bekker is a dominant figure in South Africa’s media sector. He is famous for founding pay television company M-Net. The company went public on the Johannesburg Stock Exchange in 1990. Bekker was also the CEO of Naspers a new media powerhouse in emerging markets.
12. Youssef Mansour, $2.9 billion
Youssef runs the Mansour Group with his brothers who also figure on this list.
11. Naguib Sawiris, $3.1 billion
Naguib Sawiris is the CEO of Orascom Telecom Media and Technology (OTMT). He is looking to acquire a majority stake in French media company Euronews Television.
10. Issad Rebrab, $3.1 billion
He is Algeria’s richest man. Rebrab controls Cevital, Algeria’s biggest family-owned conglomerate. The group is involved in the sugar refining, port terminals, auto distribution, mining and agriculture sectors.
9. Isabel Dos Santos, $3.1 billion
Isabel is Angola’s president’s daughter. She owns stakes in a few key Angolan and Portuguese companies such as Unitel, Angolan bank Banco BIC SA, ZON Optimus and Banco BPI.
8. Nathan Kirsh, $3.9 billion
Nathan Kirsh is Swazi. He founded Jetro Holdings, a wholesaler of perishable and non-perishable food products.
7.Mohamed Mansour, $4 billion
Mohamed runs the Mansour Group with his brothers who also figure on this list.
6. Mike Adenuga, $4 billion
Adenuga founded Globacom, Nigeria’s second largest mobile phone network, which has about 27 million subscribers. Adenuga hardly grants interviews.
5. Nassef Sawiris, $6.3 billion
Sawiris is the CEO of Orascom Construction Industries (OCI), the country’s most valuable publicly-traded company.
4. Christoffel Wiese, $6.3 billion
Wiese owns a 15% stake in Shoprite Holdings, the pan-African chain of low-price supermarkets. He also owns a stake in the fashion industry, a winery, a five-star hotel and a private equity firm.
3. Nicky Oppenheimer & Family, $6.7 billion
Oppenheimer dominated the diamond business until July 2012 when he disposed of his family’s stake in De Beers and Anglo American for $5.1 billion in an all-cash deal. He now converted into investment management.
2. Johann Rupert & Family, $7.4 billion
Rupert is the chairman of Swiss luxury brand Compagnie Financière Richemont. Richemont owns famous brands such as Cartier, Van Cleef & Arpels, Jaeger-LeCoultre, and Montblanc.
1. Aliko Dangote, $15.7 billion
The recent valuation of the Naira might have dented his fortune, but Aliko Dangote is still the richest man in Africa. The Dangote Group is West Africa’s largest industrial conglomerate owning assets in cement production, flour milling, sugar refining and food and beverages.
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