Top 10 Richest Men In Africa 2024 [Forbes Ranking]

Who are the richest men in Africa? Africa is one of the continents where business thrives as the continent is blessed with manpower, informed people and intelligent minds. Checking across the world wherever you see Africans you see the spirit of hardworking people and smart individuals, all this amount to wealth as they have their net worth to show for it.

The richest men in Africa you will see on this list made their wealth from investments in oil, diamonds, gold and also retail, this list will focus on wealthy people in Africa the likes of Aliko Dangote, Patrice Motsepe who is one of the richest people in South Africa and many others.

Africans are very successful in whatever they pour their minds on, this is the reason why we have brought you the top ten richest men in Africa currently so if your question goes thus; who is the richest man in Africa, who is the wealthiest man in Africa, who is the most successful man in Africa or who is the most successful businessman in Africa? We’ve got you covered.

Without further ado, let’s go straight to the topic of the day, below is the list of the richest men in Africa according to Forbes ranking.

Richest Men In Africa 2024 Forbes

1. Aliko Dangote – (Net Worth $17.8 billion)

Aliko Dangote is currently the richest man in Africa, the founder of Dangote Group with his fortune gotten from manufacturing and industrialization. He is from Nigeria the most populated black nation on earth which gives the reason why Dangote has maintained this spot back to back.

Dangote is the brand of the popular African cement “Dangote Cement” which makes him the largest cement producer in sub-Saharan Africa also has other products like sugar production, salt production, steel production, flour e.t.c.

If you visit any African country you will definitely find one, two, or more Dangote products, you find Dangote products in almost every country in Africa.

Aliko Dangote is currently building Africa’s biggest oil refinery and the world’s biggest single-train facility in Nigeria at the Lekki Free Zone near Lagos, this should start production fully in 2024 and with this overtaking Aliko Dangote will be very difficult.

2. Nassef Sawiris – (Net Worth $9.2 billion)

Nassef Sawiris is currently ranked as the richest man in Egypt and also one of the richest men in Africa. He is the youngest son of billionaire Onsi Sawiris’ three sons and is also currently the richest Arab.

As a wealthy man and son of a billionaire, he owns a 30% stake in OCI a fertilizing producer and aside from that Bloomberg made it known that Nassef Sawiris also owns a 6% stake in Adidas. He is a smart investor and this is why Nassef Sawiris net worth is huge.

3. Johann Rupert – (Net Worth $8.12 billion)

The 3nd richest man in Africa is Johann Rupert a South African-born entrepreneur, he is the eldest son of the popular business tycoon Anton Rupert and his wife Huberte. Johann Rupert is known for Luxury and that is where he made his wealth from.

Johann Rupert is the chairman of Richemont – a Swiss-based company is currently the largest luxury watchmaker in the world, he is also the chairman of the South African-based company known as Remgro. Johann Rupert net worth is currently estimated at $8.12 billion which makes him one of the wealthiest men in Africa.

4. Nicky Oppenheimer – (Net Worth $8 billion)

Nicky F. Oppenheimer is the fourth richest man in Africa, he is a businessman and the former chairman of De Beers Diamond Mining Company and also served as the chairman of the subsidiary of the company “Diamond Trading  Company”.

He was a former Deputy Chairman of Anglo-American. Nicholas Oppenheimer actually was the heir to De Beers a company known to be the world’s largest producer of diamonds. Nicky Oppenheimer net worth is currently estimated at $9.2 billion.

5. Mike Adenuga – (Net Worth $6.5 billion)

Mike Adenuga is the owner of Nigeria’s second-largest telecom company Globacom having a strong presence in Nigeria, Ghana and Benin Republic. As a billionaire businessman, he was able to put his name on the list of wealthiest Africans and there has been a drastic growth in his company.

He is the second richest man in Nigeria, gathered his fortune in telecom and oil production. Mike Adenuga net worth is currently pegged at $6.5 billion which makes him one of the richest black people in the world today.

6. Naguib Sawiris – (Net Worth $5.47 billion)

Another Egyptian from the family of Sawiris – a brother to Nassef Sawiris, his full name is Naguib Onsi Sawiris, he is the second richest man in Egypt. He is a businessman, chairman of Weather Investments’s parent company, and chairman and CEO of Orascom Telecom Holding.

Naguib Sawiris is into media and telecommunication, Bloomberg made it known that Naguib stakes in different gold mines all around the world and has made over $4 billion selling his stake in Vimpelcom in 2011 which is a telecommunication company.

Naguib Sawiris net worth is currently estimated at $5.47 billion which placed him on the list of the richest men in Africa.

7. Abdul Samad Rabiu – (Net Worth $5.4 billion)

Another Nigerian on the list of the wealthiest men in Africa, Abdul Samad Rabiu is a billionaire businessman and philanthropist, he is the son of Nigerian industrialist Khalifah Isyaku Rabiu.

Abdul Samad Rabiu is the founder of BUA Group a company known for manufacturing and the production of cement, sugar, salt, flour, and also real estate.

8. Issad Rebrab – (Net Worth $4.8 billion)

Issad Rebrab is the first Algerian on this list and is ranked as the richest man in Algeria by Forbes 2024. A businessman and the founder of Cevital currently the largest private conglomerate in Algeria.

We have a lot of brands under Cevital like foods, agribusiness e.t.c. and the company Cevital is one of the largest sugar refineries in the world. Aside from the product we have mentioned Cevital also owns steel mills, water purification companies and many more just to mention a few.

Issad Rebrab net worth is estimated at $4.8 billion hence the reason why he is the richest Algerian on our list.

9. Patrice Motsepe – (Net Worth $3 billion)

Patrice Tlhopane Motsepe is another South African on our list who is into mining, he is a billionaire businessman who has been serving as the President of the Confederation of African Football since the 12th of March 2021. Patrice Motsepe is the founder and executive chairman of African Rainbow Minerals which focuses on minerals like copper, gold, ferrous metals, base metals, platinum and coal.

Read Also: The 10 Most Beautiful Cities In Africa

10. Koos Bekker – (Net Worth $2.9 billion)

Finally on the list of richest men in Africa we have the South African Koos Bekker. You must have heard about Naspers, the company operates in over130 countries around the world and is listed on the London Stock Exchange and Johannesburg Stock Exchange.

Koos Bekker is the Chairman for this company Nasper which is ranked as one of the worlds largest tech investors making huge waves and profits from Tencent, a well-recognized Chinese media company