Richest Men in Africa 2021

Africa has been home to over ten richest people.These are businesses men, making wealth, running different business tycoons and influences the continent on a large scale. Today we share with you Top 10 Richest Man in Africa 2021. Big names in Africa from different countries.

Let’s explore the net worth of the men popularly called richest people in Africa, men with money and employers to over 1,000,000 people. On this Top 10 Richest Man in Africa 2021, currently the wealthiest man is Nigeria’s Aliko Dangote.

No.Full NameAgeCountryNet Worth (USD)
1Aliko Dangote63Nigeria$12.1 billion
2Nicky Oppenheimer 74South Africa$ 8.5 billion
3Nassef Sawiris59Egypt$ 7.3 billion
4Mike Adenuga67Nigeria$ 7.2 billion
5Johann Rupert & Family69South Africa$ 6.3 billion

Top 10 Richest Man in Africa 2021

We help you through our complete list for richest men in Africa today. Business men making impact through economic activities and with companies on the NYSE American stock exchange. Find names of the riches person down below and enjoy other valuable related content on our website.

1.Aliko Dangote

Nigeria’s Aliko Dangote is the richest man in Africa. He was again named Africa’s richest person for the year 2021, making it a decade of his reign as number one for top 10 richest man in Africa 2021 continent’s elite.

Have been wondering Who is the richest man in Africa 2020? Nigeria’s Aliko Dangote is the richest man in Africa. Trusted online sources and Forbes newly published report, shows richest man in Africa Dangote’s net worth is $12.1 billion (2 billion more than last year). Money can largely be attributed to Nigeria’s surging stock market which also saw a 30% increase in the share price of his top business, Dangote Cement.

Founded by the self-made billionaire, Dangote Cement is the largest cement producer in Africa according to Forbes. The company produces up to 45.6million metric tons per year and enjoys a grand market in 10 countries across the continent.

Under the Dangote Group is a stake in the publicly traded sugar and salt manufacturing companies. He’s the uncle to Davido, one of Africa’s richest musicians. And also owns Dangote Refinery, a project under construction expected to be among the world’s largest oil refineries when complete.

Dangote like every human being has a life apart from the wealth with 3 children although he is divorced. He holds Bachelors’ degrees in Arts and Science both attained from Al-Azhar University.

Success must be in Dangote’s DNA, coming from his grandfather who was a successful trader of rice and oats in Kano, Nigeria.

2. Nassef Sawiris

The second richest man in Africa, Nassef Sawiris hails from Egypt’s wealthiest family and is an investor who owns stakes in two sportswear companies, 6% in Adidas and 5% in New York-listed firm Madison Square Garden Sports, owner of the NBA knicks and the NHL Rangers teams. The latter was acquired in December of 2020

Despite being head of OCI, one of the world’s largest nitrogen fertilizer producers, the greatest chunk of Sawiris’ $8.5 billion net worth comes from his stake in sportswear maker Adidas. He also owns Orascom Construction, an engineering and building firm, which trades on the Cairo exchange and Nasdaq Dubai.

Sawiris not only owns a stake in Adidas but also sits on the company’s supervisory board and also has stakes in cement giant Lafarge Holcim.

The Egyptian Prince also invests in good Corporate Social Responsibility evidenced by his $24.1 million donation to the University of Chicago where he attained Bachelor of Arts/Science, to aid Egyptian students and fund an executive education program. Africa’s platform, reported Sawiris is married and also a father of 4 and just $0.5 billion separates him and Nicky.

3. Nicky Oppenheimer

Oppenheimer of Johannesburg, South Africa who sits in third position on the list. Part of his wealth are 720 square miles of conservation land in South Africa, Botswana and Zimbabwe.

Oppenheimer inherited his family’s fortune and in 2012 for $5.1 billion, sold his 40% stake in DeBeers (a Diamond Firm) to Anglo American a mining group. In 2014 took his business off ground by starting Fire blade Aviation in Johannesburg which owns three planes and two helicopters. The company operates chartered flights. He’s number three on this years top 10 richest man in Africa 2021.

Oppenheimer and his wife have one child and he attained a Bachelor of Arts/Science and a Master of Arts, both from Oxford U Christ Church.

He donated up to $110 million to small enterprises in South Africa as a response to the Covid-19 pandemic.

4. Johann Rupert

Chairman of the Swiss luxury goods firm, Compagnie Financiere Richmond, Johann Rupert is the fourth richest man in the continent with a net worth of $7.2 billion. His company is the custodian of the Cartier and Montblanc Brands and was founded in 1998 through a spinoff of assets owned by a company formed by his father in 1940.

Rupert is also an investor who holds a 7% stake in diversified investment firm Remgro, which he is also Chairman of. He also has 25% of Reinet based in Luxembourg.

The flamboyant gentleman and his family (wife and three children) are residents of Cape Town, South Africa. He also owns shares in the Saracens English rugby team and Anthonij Rupery Wines, named after his late brother.

5. Mike Adenuga

Nigeria remains very visible on the list of Africa’s richest men, with Mike Adenuga of Lagos who built his fortune in telecoms and oil production, on number five.

Adenuga’s Globacom is the third largest on our top 10 richest man in Africa 2021. Owns mobile phone network operator in Nigeria to be among the richest people, and enjoys spoils from 55 million subscribers and Con oil Producing, his other firm operates six oil blocks in the Niger Delta.

Now Nigeria’s second richest man, Adenuga got an MBA in Business Administration at Pace University in New York from humble beginnings as a student supporting himself as a taxi driver and made his first million at a tender age of 26 selling lace and distributing soft drinks now he is worth $6.3 billion. The self-made billionaire is married with 7 children.

6. Abdulsamad Rabiu

In sixth position is yet another Nigerian Abdulsamad Rabiu worth 5.5 billion, founder of BUA Group which is a Nigerian conglomerate that produces cement, refines sugar and also does real estate.

In January of 2020 he merged his company, Obu Cement with a listed firm, Cement Co. of Northern Nigeria which was under his control and named it BUA Cement Plc. The company now trades on the Nigerian stock exchange and Rabiu owns 98.5% of it.

The 60 year old set up his business in 1988, importing iron, steel and chemicals after inheriting land from his father who was also a businessman.

7. Issad Rebrab

Issad Rebrab (77) a son of militants who fought for Algerian independence, is the founder and CEO of Algeria’s biggest privately-held company, Cevital and sits on number seven with a net worth of $4.8 billion. His company owns one of the largest sugar refineries in the world and produces up to 2 million tons annually.

Cevital also owns European companies which include Groupe Brandt a home appliances maker in France, an Italian steel mill and a water purification company in Germany. Rebrab was convicted for 8 months in 2019 on corruption charges and was released on the 1st of January 2020 still denying any crimes.

8. Nassef Sawiris’

Nassef Sawiris’ elder brother 66 year old Nguib, worth $3.2 billion is also on the list in 8th position. His fortune was built in telecoms and he sold Orascom Telecom in 2022 to a Russian firm in a multibillion-dollar deal.

Sawiris is Chairman of Orascom TMT Investments, according to Forbes, a company that has stakes in an asset manager in Egypt and internet company Italiaonline and others. He also rips from the media industry where, through his Media Globe Holdings he owns 88% of pan-European pay TV and video news network Euronews.

Sawiris’ innovation developed a luxury resort on the Caribbean Islands. He holds a Bachelor of Arts/Science and a Master of Science, both from Swiss Federal Polytechnical Institute and is married with four children.

9. Patrice Motsepe

The Ninth richest African worth $3 billion is President and owner of South African Football Club Mamelodi Sundowns FC Patrice Motsepe. In 1994 Motsepe became the first black partner at a law firm in Johannesburg (Bowman Gilfillan) at the age of 22 and started a mining services contracting business.

In 1997 he purchased low-producing gold mine shafts which he later turned big. Motsepe is the founder and chairman of Rainbow Minerals, and became a billionaire in 2008 becoming the first black African on the Forbes List, incarnating the famous saying “Millionaires are born in the year of recession.”

In 2016 he launched a new private equity company focused on investing in Africa, African Rainbow Capital and he also has investments in the form of a stake in Sanlam, a listed financial services firm.

10. Koos Bekker

On number 10 is 68 year old Koos Bekker worth just $0.2 billion less than Motsepe. He is well respected in South Africa after his transformation of the country’s newspaper publisher Naspers into an eCommerce investor and cable TV powerhouse. According to Forbes Bekker retired as the CEO of Naspers in March of 2014 and returned as chairman in April of 2015.

The top ten African billionaires have prevailed against the Covid-19 pandemic, evidenced by their average worth of $4.1 billion worth which is together with eight others 12% more than the previous year compared to the current top 10 richest man in Africa 2021.

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Team of business writers and financial accountant. Our website has over 7 experienced contributors providing information about finance, marketing, insurance, web development, goods, services, travel guides and amazing stories about Africa.

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