The Richest Man in Africa

With so many billionaires around, it’s often hard to know who is the richest. But in Africa, it’s Aliko Dangote. As the richest man in Africa, Aliko is a self-made millionaire and also regarded as the face of the new Nigeria. He made his fortune with cement, sugar and flour, as well as oil.

About The Richest Man in Africa

With a net worth of $21.6 billion, he also obtained $9 billion in financing from a consortium of local and international lenders in order to construct a private oil refinery and fertiliser complex in Nigeria.

Some of the other people that made the list of richest people in Africa include Johann Rupert & family with a net worth of $7.3 billion, and Nicky Oppenheimer & family with a net worth of $6.8 billion. Nassef Sawiris from Egypt has a net worth of $6.1 billion and is Egypt’s richest man.

Retailing tycoon Christoffel Wiese continues to chase deals and add to his wealth. In September, he announced plans to swap his minority stake in information technology company DigiCore for a stake in ConvergeNet, a South African tech business that’s being restructured into a diversified holding company. Among Wiese’s best-known investments are a 15% stake in publicly traded Shoprite Holdings.

Mike Adenuga is Nigeria’s second richest man, thanks to savvy investments in mobile telecom and oil production. In 2003, he founded Globacom, which now has more than 27 million subscribers in Nigeria, making it the second largest mobile phone network company in the country after South African giant MTN. Adenuga is also the founder of oil exploration firm Conoil Producing.