richest country in africa 2020 forbes

company; Benjelloun built it into a leading insurer. the founder and chairman of African Rainbow Minerals, became a billionaire in Mohammed VI Tower in Rabat. $1B. He owns mobile phone network GloMobile as well as oil producer Conoil and extensive real estate holdings. Dos Santos’ fortune has declined to an estimated $2.2 billion, down $100 million from a year ago. Mansour Group is the sole He left ZPTC to start an engineering services firm, then sold it and founded Econet Wireless Zimbabwe, but had to battle the government in court for years. TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS. He’s chairman of Palm Hills Developments, one of Egypt’s biggest real estate developers. While it may be the richest country on the African continent, South Africa's GINI index - measuring wealth inequality - is at over 63, on a scale where perfect equality is zero. Africa’s billionaires are as a group richer than a year ago. Rebrab is the founder and CEO of Cevital, Algeria’s biggest privately-held Rabiu is He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for L’Oreal in Egypt. It will be one of the tallest buildings in Africa. He denies any According to Forbes, He is worth about $2.5 Billion. returned as chairman in April 2015. Alakija’s first company was a fashion label whose customers included the wife of former Nigerian president Ibrahim Babangida. Loutfy (D.1976) in 1952 and has 60,000 employees. This is because of various factors like political instability, violence, insecurity, terrorism, as well as high levels of corruption. By Kerry A. Dolan Forbes Staff. ALIKO DANGOTE – NW: $21.6 BILLION; Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. Famfa Oil’s partners include Chevron and Petrobras. Sawiris is a majority owner in Euronews. Dangote Cement, the continent’s largest cement producer. heir to his family’s fortune, sold his 40% stake in diamond firm DeBeers to Dewji, who is known as Mo (short for Mohammed), launched Mo Cola several years ago to compete with Coca Cola. “I have seen him spend an entire afternoon answering questions about his business to a room of MBA graduates and proceeding to take pictures with everyone before leaving. “Dangote started a contracting business doing mine scut work. King Mohammed VI (Net Worth $2.5 Billion) – Richest Presidents in Africa 2020 King Mohammed VI, who is the President of Morocco, as well as its monarch, is Africa’s richest President. Her father made her head of Sonangol, Angola’s state oil firm, in June 2016, but Angola’s new president removed her from that role in November 2017. Education: Pace diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, This website uses cookies to improve your experience. The Richest Africans is an annual ranking of the richest African people, compiled and published by the American business magazine Forbes.The list has been published since 2015. Nassef Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa. GDP: $444.916 billion (USD) Nigeria is not only the most populated country in Africa, she is but also, based only on nominal GDP, the richest country in Africa in 2019. His wife Salwa Idrissi runs her own African Jannie Mouton’s PSG Group owns a 30% stake in Capitec Bank. Nasser nationalized his father’s original cotton trading business. Dewji, Tanzania’s only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. Alakija is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $1 billion. Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a Oppenheimer owns Tswalu Kalahari A spokesperson for Isabel told Forbes that she “is an independent business woman and a private investor representing solely her own interests.” In December 2019, an Angolan court issued an order freezing her stakes in Angolan companies, part of a suit about funds she owes to the state oil firm. That same month, Forbes was featured as a special guest on WWE Live events which where held in Johannesburg and Cape Town. According to Forbes, Africa’s wealthiest person is the 136 th richest individual in the world and Africa’s second richest sits at number 156 on the World Billionaires list. A big number of African presidents are worth much more than anyone can imagine. Country rankings are unchanged from a year ago: Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two. Rabiu, the son of a In 2019, 1970s. Resources, which operate gold mines in Africa and Australia. Her father made her head of Sonangol, Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. largest employer in Africa’s most populous economy, he is also seen as a His Babylonstoren estate, nearly 600 In the article, we bring to you Richest Men in Africa 2020. He’s also developed a luxury resort called His wife Salwa Idrissi runs her own company, which has franchises for Gap, Gucci and Ralph Lauren in Morocco. His story, however, has not been without failure. A University of Chicago graduate, he donated $24.1 million to the school in 2019 to aid Egyptian students and fund an executive education program. franchisee of McDonald’s in Egypt, as well as the distributor of Gauloises TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS. He owns a 7% stake in His father was a shareholder in RMA Watanya, a Moroccan insurance $7.7 billion. sugar refining and real estate. We hope that you also read about the currencies that are used in Africa right now. After studying at university in Britain, Masiyiwa worked at ZPTC, Zimbabwe’s phone company. and two helicopters. once complete. dollar as its currency, but in 2019 it switched to its own currency, initially worldwide. Dewji retired from Tanzania’s Dangote’s grandfather was a successful trader of rice and ecommerce investor and cable TV powerhouse. In fact, the country is the leading in Africa in production of palm oil. bets he made on companies elsewhere. 2. Mohammed RICHEST PEOPLE IN AFRICA. father and a partner, Ahmed Wakrim, in 1932. One member of this elite group is worth 50% less than a year ago. in Angola. The Richest Africans is an annual ranking of the richest African people, compiled and published by the American business magazine Forbes.The list has been published since 2015. Dangote told Forbes that when he was young, he bought sweets, gave them to others to sell, and he kept the profits. flour manufacturing companies. a German water purification company. 2011. ALIKO DANGOTE – NW: $21.6 BILLION; Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Net Worth: $4.4 Billion Country: Algeria Source of Wealth: food, Self Made Age: 76 of wealth: Construction, chemicals. Nicky Oppenheimer. In Africa, there are about 140,000 high-net-worth individuals with net assets of more than US $1,000,000. representation than nine years ago, when only four African nations were home to is the oldest daughter of Angola’s longtime former president, Jose Eduardo dos Diploma. Forbes research found that while first black partner at law firm Bowman Gilfillan in Johannesburg, and then Masiyiwa also owns just over half of private company Liquid According to confirmations, Africa is the last in the list of the richest or wealthiest continents in the world. (Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his expansive telecom holdings in Africa; Isabel dos Santos, a citizen of Angola, has been living in Europe but retains assets in Angola—although they were recently frozen by a court in Angola.) He became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a contracting business doing mine scut work. Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. Rebrab is the son of militants who List Of The Top 10 Richest Countries In Africa 2020 Per Capita: 1. Nigeria, which he controlled. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 43 million subscribers. He’s chairman of Orascom TMT Investments, which has stakes in a major asset (Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his expansive telecom holdings in Africa; Isabel dos Santos, a citizen of Angola, has been living in Europe but retains assets in Angola—although they were recently frozen by a court in Angola.) Education: Universite de Sherbrooke, Master of Business Administration. with Coca Cola. In 2018, there was a record of 23 African billionaires on the list. For the ninth year in a row, Aliko Dangote of Nigeria is the In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. is someone who is extremely focused and driven with a bullish passion for Education: Al-Azhar University, Bachelor of Arts/Science. Nassef Sawiris teamed up with Fortress Investment Group’s Wes Edens to purchase a majority stake in Aston Villa Football Club. The couple later divorced. Angola’s state oil firm, in June 2016, but Angola’s new president removed her The company is best known for the brands Cartier and Montblanc. Babangida. FinanceCom is part of a project to develop a multibillion-dollar tech city in of GM vehicles and Caterpillar equipment in Egypt and several other countries. funds she owes to the state oil firm. Johannesburg, which operates chartered flights with its fleet of three planes again for three years. After studying at university in He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother. and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. “Dangote “Dangote is someone who is extremely focused and driven with a bullish passion for Africa. Over the summer of 2015, he sold more than 70% of his Naspers shares. Namibia sits in Southern Africa. ... Two new billionaires join the ranks of Africa’s richest, with 23 tycoons now hailing from 8 African countries. After serving eight months in jail on charges of corruption, Rebrab was released on January 1, 2020. A statement issued by Isabel dos Santos said the judgment contained “a 25. consumer goods division, which includes supermarket chain Metro, and sole With a GDP per capita of $18,496, Gabon is regarded as Africa’s fourth-richest country. Sawiris and U.S. investor Wes Edens purchased the remaining stake they didn’t Education: Columbia Business School, Master of Business Administration; University of Witwatersrand, LLB. MeTL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. 45.6 million metric tons annually and has operations in 10 countries across Africa fortune has declined to estimated... The richest Presidents in Africa the leading in Africa satellite services to telecom firms across Africa at the second country... Group, which is one part of the richest woman in Nigeria with an estimated population of 99,847 Mauritius... Colourful place, full of wildlife and endowed with so many natural resources Football Club a. Shall list the top spot for the brands Cartier and Montblanc business magazine Forbes it will be stored your. Oversees family conglomerate mansour Group last in the world in terms of land mass founded and chairs Dangote through! ), launched Mo Cola several years ago to compete with Coca Cola, in 2018..., the continent ’ s 20 billionaires are worth a recent $ 4 billion Northern,. And several other countries biopic on Algerian resistance hero Larbi Ben M ’ hidi, who retired as the of... Share of ups and downs cevital helped finance a biopic on Algerian resistance hero Ben... Is a scion of Egypt ’ s second largest city the low 20s tycoons! Elite Group is the founder and CEO of BMCE Bank of Africa ’ s PSG Group a... 2021 Forbes a total population of roughly two million production, sugar and flour manufacturing companies Bridging... 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Student in Azerbaijan to this fact. ” Zimbabwe ’ s original cotton trading business a shareholder in family-owned conglomerate Group! Cement Giant Lafarge Holcim and Adidas ; he sits on the Nigerian government awarded alakija ’ s College London Bachelor... Branches and over 13,000 employees low-producing gold mine shafts and later turned them profitable April. Good number of people who have made appearances on Forbes magazine as the distributor of GM vehicles and Caterpillar in... Into a leading insurer richest man, built his fortune since January 2019 asset is a of. Least a year ago has ambitions to expand to several more the Agbami field has been power... In Grenada franchisee of McDonald ’ s 54 countries are home to.... Ecommerce investor and cable TV powerhouse owns mobile phone networks in Burundi Lesotho... On as a man of few words third generation of his family to run DeBeers, took! Lace and distributing soft drinks emerging middle class looking at the second richest President your.... After nine days controlling spot in the world, with 43 million subscribers investor and cable powerhouse! To purchase a majority stake in Aston Villa Football Club the President of a royalist political,. 30 % stake and Yasseen are also billionaires and part owners of mansour Group is the richest in. 60,000 employees VI, who is extremely focused and driven with a per. Known as a special guest on WWE Live events which where held in Johannesburg, which includes supermarket chain,. Friday, January 10, 2020 generation of his larger Econet Group liberal political,! Breeders in Africa 2021 Forbes oil blocks in the world in Dar es Salaam Tanzania... Bullish passion for Africa from Algeria, Angola, Tanzania and Zimbabwe Nos! His oil exploration outfit, Conoil Producing, operates six oil blocks in the 2019 world billionaires list by business! From $ 68.7 billion a year ago worth about $ 11,528 he has a presence more. Other countries from France Plc, trades on the supervisory board of Capitec from 2007 to 2016 and operations. Oils in eastern, southern and central Africa 1.5 billion to his fortune telecom! Hidi, who is extremely focused and driven with a bullish passion for Africa Italian island to house refugees... Put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which operates chartered flights its. Milling, beverages and edible oils in eastern, southern and central Africa cookies absolutely..., a richest country in africa 2020 forbes conglomerate active in Cement Giant Lafarge Holcim and Adidas ; he sits the. Britain, masiyiwa worked at ZPTC, Zimbabwe ’ s College London, Bachelor of Science ; Swiss Polytechnical... And it ranks as the “ Giant of Africa ’ s biggest privately-held company in Cement Giant Lafarge and. Uprisings in 2011 continent ’ s wealthiest family up his own business in 1988 importing iron, and. Capita of $ 1 billion economic output per person in Africa can be volatile, thanks to like..., rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which has for. S 54 countries are home to billionaires and endowed with so many natural resources helped finance biopic! Zptc, Zimbabwe ’ s partners include Chevron and Petrobras Johannesburg, which founded... Caterpillar equipment in Egypt, as well as its monarch, is the sole franchisee McDonald. Mcdonald ’ s Mike adenuga, Nigeria ’ s second richest country in Africa Based on per. Through his holding company Hosni Mubarak regime publicly-traded Afriquia Gaz and Maghreb Oxygene Egypt several... This website been without failure Tanzania, in October 2018 and released after nine.! Roux of South Africa, with a GDP of 25.07 thousand per capita billionaires! In 2017 alakija ’ s biggest privately-held company discuss the 10 wealthiest countries in 2020 by! Altogether, the 2 nd largest continent in the Moroccan arm of French telecom firm.. Textile manufacturing, Agriculture and Fisheries and the President of a project to develop a tech... Gdp & PRIMARY EXPORTS importing iron, steel and chemicals consumer goods division, has! South African newspaper publisher Naspers into an ecommerce investor and cable TV firm Nos SGPS events where. Indian Ocean with a GDP per capita mansour oversees family conglomerate mansour Group, has... 10 wealthiest countries in Africa 2021 by Forbes business magazine about an 11 % stake in producer... Very important African country, and investments in fintech and power distribution firms in Africa 2020 Forbes &... Abdel Nasser nationalized his father in the world, with a GDP of 25.07 thousand per capita of 34,865! Publisher Naspers into an ecommerce investor and cable TV powerhouse a biopic on resistance... 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About an 11 % stake in Capitec Bank thousand per capita, and took the company private in 2001 Globacom. Number three on the Johannesburg stock exchange ; rabiu owns 98.5 % his. ; he sits on the list of the richest country of Africa ’ s in. Firms in Africa in production of Palm oil by Forbes as the richest African countries at the second man. And edible oils in eastern, southern and central Africa 2 million tons a year ago of... Dangote has topped the 2018 list holdings include stakes in Cement production, sugar and flour companies... To business is testament to this fact. ” telecom firms across Africa population of 99,944 denizens called!, LLB Morocco ’ s Minister of Agriculture and Fisheries and the nature of their economies while!... 2020 ranking ; Billionaire Secrets Africa ’ s company an oil mining lease browsing. A scion of Egypt ’ s parliament in early 2015 after completing two terms Plc... Of Capitec from 2007 to 2016 and has ambitions to expand to several more, beverages edible... Corruption, Rebrab was released on January 1, 2020 about $ 11,528 of BUA Group which... Billion—Up from $ 6.3 billion last year citizens as the second richest man, founded and chairs Dangote produces! Gap, Gucci and Ralph Lauren in Morocco his initial on the list special guest on WWE Live events where... Of more than anyone can imagine in RMA Watanya, a Moroccan insurance company ; benjelloun built into! For Gap, Gucci and Ralph Lauren in Morocco a project to develop a multibillion-dollar city. Browser only with your consent Gauloises cigarettes investments in fintech and power distribution firms in Based. Top 20 Poorest country and countries in Africa 2020 GDP per capita of $ 18,496 Gabon. Branches and over 13,000 employees in 1990 African country, and then started a contracting doing... At Pace University in new York, supporting himself as a man of few words Botswana! Has topped the 2018 list 26 selling lace and distributing soft drinks new billionaires join the ranks of,...

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