Africa has one more billionaire in 2017. Despite the lack of stability in oil and commodity prices that threatened these men’s fortunes, they have still managed to maintain high incomes. Read on to find out the net wealth of these 10 billionaires.
Looking to get motivated for your hustle? Wondering who is the richest man in Africa? Look no further than the inspiring stories of some of Africas most business savvy men. A popular example is Aliko Angote who is ranked among the top richest man in Africa and is worth $12.2 billion as of 2017 compared to 2014 when his Net worth was only $11.2bn. One can only imagine the determination behind such success.
Unfortunately for some, 2017 has not been so kind. Nigerian business men and Oil tycoons Femi Otedola and Abdulsamad Rabiu are noticeably absent from this year’s list of Africa’s wealthiest men. Well, this is proof that fortunes can change quite quickly.
Below is a list of the Top 10 Richest Men in Africa in 2017 according to Forbes magazine
Aliko Dangote – Nigeria
Even with a drop in his net worth from 2016, Nigeria’s most prominent Oil tycoon remains at the top of this list. His net worth is currently at an impressive $12.2 billion. His major investments are in production of Cement, Sugar, Flour and Salt.
Nicky Oppenheimer – South Africa
South Africa's wealthiest man comes 2nd on this list. This is no surprise as he comes from a generation of diamond miners. Nicky Oppenheimer's net worth is $7 billion.
Mike Adenuga – Nigerian
Nigerians are giving the rest of Africa a run for their money. Thanks to the oil industry, Mike Adenuga is the third billionaire on this list; his net worth is currently at $6.1 billion. Other than oil, he has interests in Real Estate and Telecom.
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Johann Rupert –South African
South Africa's second richest man has a net worth of $6.3 billion, placing him among the list of Africa's wealthiest men. His wealth is attributed to his investment in Luxury goods.
Nassef Sawiris – Egyptian
Egypt's wealthiest man is behind the country's agriculture industry. His investment in fertilizer production has him owning the largest fertilizer plant in the whole world. With this, his net worth is currently at $6.2 billion. He also has investments in Construction.
Christoffel Weise - South Africa
Most South African's are familiar with Shoprite, the country's retail chain in the most storied building. Christoffel Weise is the ownber of this retail chain with a net worth of $5.9 billion.
Nathan Kirsh – Swazi
With a net worth of $3.9 billion attributable to Retail, Nathan Kirsh is not only Swaziland's wealthiest man but also among Africa's top billionaires.
Naguib Sawiris – Egyptian
Egypt's second richest man is also brother to Naguib Sawiris. Unlike his brother, Naguib Sawiris has nvested largely in telecommunication. His investments hav earned him a net worth of $3.8 billion.
Isabel dos Santos – Angola
As daughter of Angola's president, it is no surprise that Isabel dos Santos can square up to the men in this list. She has great business acumen which has earned her net worth of $3.1 billion. She is currently Africa's richest woman.
Issad Rebrad – Algerian
Issad Rebrad is owner of CEVITAL, Algeria's largest private company. Although he is last on this list, his fortune is not any less impressive. His net worth is currently $3.0 billion.