Top 10 Richest People in Africa 2020
Hello Displorers, Welcome back to another exciting video presented to you by Displore and thanks for watching. In this Video we shall be taking you around the beautiful continent of Africa and we shall be shining the light on the Top 10 richest people on the continent.
Africa’s wealthiest people all have certain things in common; legendary work ethics, breakthrough ideas, and absolutely commitment to their companies. As of 2020, there are about 25 billionaires in Africa with Egypt, Nigerian and South Africa topping the charts of the African countries with the most billionaires. The wealthiest people in Africa either founded their own companies from scratch or inherited them from their families either ways they have worked hard to grow their business to billionaire status. As you are watching this video , you probably already have some names popping into your head as to who will appear on this list
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While the richest person or even the top 10 richest people in the world might not be from Africa, Africa however has it own fair share of Billionaires so without any further delay, here are the Top 10 richest people in Africa as of 2020 according to Forbes Magazine.
10. Patrice Motsepe – Net Worth – $2.6B (Source – Mining)
Patrice Tlhopane Motsepe born 28 January 1962 is a South African mining billionaire businessman of Tswana descent. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company, and the deputy chairman of Sanlam. He became a billionaire in 2008 – the first black African on the Forbes list. He is the president and owner of the Mamelodi Sundowns Football Club. He became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a contracting business doing mine scut work. In 1994, he bought low-producing gold mine shafts and later turned them profitable. He is also the first black Billionaire to sign the Giving Pledge alongside billionaire like bill gate and Warren Buffet. Nowadays he is a respected businessman and is often as speaker to conferences and seminars.
9. Naguib Sawiris – Net Worth – $3B (Source – Telecom)
Naguib Sawiris is a scion of Egypt’s wealthiest family. His brother Nassef is also a billionaire. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. He’s chairman of Orascom Telecom Media & Technology–renamed Orascom Investment Holding to reflect investments in other sectors. Family holding La Mancha has stakes in Evolution Mining, Endeavour Mining and Golden Star Resources, which operate gold mines in Africa and Australia. In 2017, he shifted ownership of La Mancha to his mother, Yousriya Loza-Sawiris, for estate planning purposes. Naguib Sawiris is currently the 9th richest man n Africa with a Networth of about $3 Billion dollars.
8. Abdul Samad Rabiu – Net Worth – $3.2B (Source – Cement, Sugar)
Abdul Samad Isyaku Rabiu born 4 August 1960 in Kano, Nigeria is a Nigerian businessman. His late father, Khalifah Isyaku Rabiu, was one of Nigeria’s foremost industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing a revenue in excess of $2.5 billion. He is also the chairman of the Nigerian Bank of Industry. In December 2018, Rabiu merged his privately-owned Kalambaina Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled. His BUA Group also owns Obu Cement, which expanded its production with a new line in 2018.
7. Mohamed Mansour – Net Worth – $3.3B (Source – Diversified)
Mohamed Mansour was born into one of the most prominent business families in Alexandria. The family business, Mansour Group, controls nine of Egypt’s top Fortune 500 companies, though it needed to survive the nationalization and confiscation of its assets in 1965. Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy in