Top 5 richest people in Africa and their net worth

   Published Date: February 1, 2022

Top 5 richest people in Africa as per Bloomberg Billionaires Index

As of January 31 2022, Bloomberg Billionaires Index released a list that comprises the world’s richest people. Five Africans made it to the Bloomberg Billionaires Index 2021 of the world’s 500 wealthiest people.

The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York.

Here are the top five richest people in Africa as per Bloomberg

5) Nassef Sawiris (Egypt) – Networth $6.62 billion

Nassef Sawiris is an Egyptian billionaire businessman and the youngest of Onsi Sawiris’ three sons. Nassef Sawiris is ranked #433 on the top 500 list of richest people in the world according to Bloomberg — he is Egypt’s richest person. Nassef Sawiris owns 30% of OCI, a Geleen, Netherlands-based fertiliser producer formed out of a demerger from his family’s original business, Orascom Construction. His other assets include 6% of the sportswear company Adidas and a stake in LafargeHolcim, the world’s biggest cement maker.

4) Nicky Oppenheimer (South Africa) – Networth $7.95billion

Number four on the list is Nicky Oppenheimer. The South African is ranked #347 on the top 500 list of the world’s richest people. Nicky Oppenheimer is the second-richest person in South Africa with a net worth of $7.95billion. In 2012, Nicky Oppenheimer sold his family’s 40% stake in De Beers, the world’s biggest diamond producer, to mining company Anglo American for $5.2 billion in cash. Nicky Oppenheimer maintains a high number of private equity investments in Africa, Asia, the U.S. and Europe through London-based Stockdale Street and Johannesburg-based Tana Africa Capital.

3) Natie Kirsh (South Africa) – Networth $8.35 billion

Number three on the list is Nathan ‘Natie’ Kirsh, a South African-born Swazi billionaire businessman. Natie is ranked #320 on Bloomberg’s top 500 richest people in the world. Natie’s journey to becoming a billionaire is quite interesting. He started his fortune with 1,100 pounds which he inherited from his late father, who was a businessman. Natie is the head of the Kirsh Group, a conglomerate with a majority stake in New York state cash and carry operation Jetro Holdings, owner of Restaurant Depot and Jetro Cash & Carry.

2) Johann Rupert & family (South Africa) – Networth $12.1 billion

Business mogul, Johann Rupert is a South African billionaire — eldest son of business tycoon Anton Rupert. According to Bloomberg, Johan Rupert controls the world’s largest luxury watchmaker, Cie Financiere Richemont, through a family trust. The Bellevue, Switzerland-based company’s brands include Jaeger-LeCoultre and Cartier. His other holdings include Remgro, a Stellenbosch, South Africa-based investment vehicle with stakes in more than 30 companies. He is ranked #184 on the list of the top 500 richest people in the world.

1) Aliko Dangote (Nigeria) – Networth $19.2 billion

Number one on the list is Aliko Dangote. The Nigerian business tycoon has been number one for the 11th consecutive time occupying the first position of the continent’s richest person. Dangote controls Dangote Industries Limited, a closely held conglomerate. The Dangote Industries company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of 1.03 trillion nairas ($2.7 billion) in 2020. It also has interests in sugar, salt, oil, fertilizer and packaged food. Recently, with an estimated US$19 billion, the wealthiest man in Africa completed his mega oil refinery factory in Nigeria, the largest in Africa.

Author: Abu Bakarr Jalloh

Abu Bakarr Jalloh is a Sierra Leonean content writer, author, Neo Pan-African and founder of The African Dream, an online platform for inspiring, positive and compelling African stories. Contact: abubakarrjalloh@theafricandreamsl.com WhatsApp: +23276211583