2019 FORBES RANKING: Richest Billionaires in Africa

Billionaires

Do you need the most detailed and accurate ranking of the billionaires in Africa in accordance with their networth? Are you searching for the Forbes latest ranking on the wealthiest entrepreneur in Africa? What ever you want to know about the 2019 African richest individuals as ranked by Forbes, this article will clearly clear your doubt and enlighten you more on who comes before who on the list of top business men / women in the whole of Africa continent.

After thorough investigation, research and property value of the top African entrepreneurs, Forbes published the 2019 episode of the richest men in Africa and Nigeria’s very own, Aliko Dangote maintains his spot as number on the list. Who make the cut and who was dropped from the previous years ranking share be succinctly point out along the line.

Before going deep into the topic of discussion, it is very important you note that the Africa’s richest man; Aliko Dangote was ranked among the top 100 most powerful and influential people in the World and now, the richest billionaires in the whole of the black continent, Africa in 2019.

In addition, on the 2019 list, there are 5 South Africans and 5 Egyptian on the richest billionaires list, followed by Nigeria that produced 4 and Morocco has 2. Other countries that has a mandate on the list include Zimbabwe, Algeria, Tanzania and Angola. While five prominent personalities on the list has the same net worth of $2.3 b making them to share the 8th position and two people have a net worth of $1.1 b with both personalities sitting at the last edge of the list as 19th.

Read Also: 5 Benefits of Entrepreneurship in Africa

BREAK DOWN OF THE RICHEST BILLIONAIRES IN AFRICA, 2019.

The main man himself, Aliko Dangote maintains his spot as the number one on the list despite the fact that he loose almost $2 billion nearly a year ago as a result of the 20% drop he experienced in his cements stock price which has been proclaimed to be his most valuable asset. The drop in Dangote Cement share price plunged Aliko Dangote’s net worth to $10.3 billion.

Similarly, a Nigerian telecommunications mogul, Mike Adenuga came second in the 2019 list of the richest billionaires in Africa with a tremendous rise in his telecommunication and oil business which saw him moved from $5.3 billion as at January 2018, to the present climbed of $9.2 billion.

On this note, Forbes believed that this incredible rise and increase in net worth of Adenuga was as a result of the well detailed and accurate information he provided on his assets.

In the same vein, Nicky Oppenheimer, the South Africa’s diamond heir, was ranked as the third richest billionaire in Africa with a falling net worth of $7.3 billion compare to the last year ranking of $7.7. Nicky inherited the diamond mining industry “DeBeers” from his grandfather which was later sold to one America’s mining powerful industry – Anglo American for a whooping sum of $5.1 billion in the 2012 (a payment which was rumoured to be made in cash).

Also, on the Africa top billionaire list is the Expert Wireless Chief, Strive Masiyiwa of Zimbabwe. His net worth increased from $1.6 billion of the previous year to $2.3 billion on this 2019 list. This positive turn around was as a result of the rise in the Econet Wireless Zimbabwe share price. Also, a new investment was believed to have boosted his stake value in Liquid Telecom satellite service and his fibre-optic investment.

More also, in this Forbes’ yearly ranking, four notable entrepreneurs fell off the Africa’s Billionaires list but Nigeria’s cement magnate who own, runs and maintain the Bua Group of company; Abdulsamad Rabiu, returned back to the top 20 list having been dropped off since 2015.

Rabiu merged his kalambiana cement company with the Northern Nigeria cements company that were traded publicly and he had a total control of it towards 2018 ending, hence, his net worth rose to amazingly to $1.6 billion. As of now, 97% of the fused cements companies belong to Rabiu.

Be as it may, the 2019 list proves that the richest African billionaires have reduced to 20 men standing. However, in hierarchical ranking, below are the top 20 richest billionaires in Africa with their net worth, nature of business, and country they come from has supposed by Forbes ranking:

1. Aliko Dangote

Net worth: $10.3 B
Nature of business: cement, sugar, flour
Country: Nigeria

2. Mike Adenuga

Net worth: $9.2 B
Nature of business: telecom, oil
Country: Nigeria

3. Nicky Oppenheimer

Net worth: $7.3 B
Nature of business: diamonds
Country: South Africa

4. Nassef Sawiris

Net worth: $6.3 B
Nature of business: construction, chemicals
Country: Egypt

5. Johann Rupert

Net worth: $5.3 B
Nature of business: luxury goods
Country: South Africa

6. Issad Rebrab

Net worth: $3.7 B
Nature of business: food
Country: Algeria

7. Naguib Sawiris

Net worth: $2.9 B
Nature of business: telecom
Country: Egypt

8. Koos Bekker

Net worth: $2.3 B
Nature of business: media, investments
Country: South Africa

8. Isabel dos Santos

Net worth: $2.3 B
Nature of business: investments
Country: Egypt

8. Mohamed Mansour

Net worth: $2.3 B
Nature of business: diversified
Country: Egypt

8. Strive Masiyiwa

Net worth: $2.3 B
Nature of business telecom
Country: Zimbabwe

8. Patrice Motsepe

Net worth: $2.3 B
Nature of business: mining
Country: South Africa

13. Aziz Akhannouch

Net worth: $2.1 B
Nature of business: petroleum, diversified
Country: Morocco

14. Mohammed Dewji

Net worth: $1.9 B
Nature of business: diversified
Country: diversified

15. Othman Benjelloun

Net worth: $1.7 B
Nature of business: banking, insurance
Country: Morocco

16. Abdulsamad Rabiu

Net worth: $1.6 B
Nature of business: cement, sugar
Country: Nigeria

17. Yasseen Mansour

Net worth: $1.5 B
Nature of business: diversified
Country: Egypt

18. Youssef Mansour

Net worth: $1.2 B
Nature of business: diversified
Country: Egypt

19. Folorunsho Alakija

Net worth: $1.1 b
Nature of business: oil
Country: Nigeria

19. Michiel Le Roux

Net worth: $1.1 B
Nature of business: banking
Country: South Africa

Read Also : List if Nigeria Entrepreneurs to Follow

Add a Comment

Your email address will not be published. Required fields are marked *