15 richest men in Africa in 2023: their net worth and age
The African continent is blessed with great minds, successful entrepreneurs, and career people. The wealthiest people on the continent do not have a single income stream. Instead, they have interests in multiple sectors. Discover the richest man in Africa, their age, and how they made their wealth.
Source: Getty Images
The richest man in Africa is worth billions of dollars. There are several other billionaires on the continent with stakes in multiple industries. These wealthy persons come from different countries.
Richest man in Africa in 2023: top 15 list
Below is an exploration of Africa’s wealthiest people in 2023. These are people who have invested heavily in various sectors. Some are self-made, while others got a boost from their families.
15. Mohammed Dewji - $1.5 billion
Source: Getty Images
- Date of birth: 8th May 1975
- Age: 48 years (as of 2023)
- Country of origin: Tanzania
- Source of wealth: Textile manufacturing, flour milling, beverages, and edible oils
- Net worth: $1.5 billion
Mohammed "Mo" Gulamabbas Dewji is a Tanzanian billionaire businessman and former politician. He is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s. Mohammed Dewji's net worth is $1.5 billion as of 2023.
14. Aziz Akhannouch - $1.5 billion
Source: Getty Images
- Year of birth: 1961
- Age: 62 years (as of 2023)
- Country of origin: Morocco
- Source of wealth: Political career, petroleum, gas, and chemicals production
- Net worth: $1.5 billion
Aziz Akhannouch is the Prime Minister of Morocco. His government took office on 7th October 2021. He is the majority owner of Akwa Group, a multibillion-dollar conglomerate co-founded by his father.
The conglomerate has interests in petroleum, gas and chemicals. Aziz Akhannouch's net worth is $1. billion.
13. Stephen Saad - $1.9 billion
Source: Getty Images
- Date of birth: 23rd June 1964
- Age: 59 years (as of 2023)
- Country of origin: South Africa
- Source of wealth: Pharmaceuticals
- Net worth: $1.9 billion
Stephen Saad is the co-founder of Aspen Pharmacare, a leading drug production company in South Africa. The company is traded on the Johannesburg Stock Exchange. It markets generic medicines in 150 countries. Stephen Saad's net worth is $1.9 billion.
12. Strive Masiyiwa - $1.9 billion
Source: Getty Images
- Date of birth: 29th January 1961
- Age: 62 years (as of 2023)
- Country of origin: Zimbabwe
- Source of wealth: Telecom
- Net worth: $1.9 billion
Strive Masiyiwa's net worth is $1.9 billion as of 2023. Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist. He overcame protracted government opposition to launch the mobile phone network called Econet Wireless Zimbabwe in Zimbabwe in 1998.
11. Koos Bekker - $2.4 billion
Source: Getty Images
- Date of birth: 14th December 1952
- Age: 70 years (as of 2023)
- Country of origin: South Africa
- Source of wealth: Media and investments
- Net worth: $2.4 billion
Jacobus Petrus "Koos" Bekker is known for transforming Naspers, a South African newspaper publisher, into an e-commerce investor and cable TV company. He was the CEO of Naspers until March 2014.
In 2015, he returned to the company as the chairman. Koos Bekker's net worth $2.4 billion
10. Patrice Motsepe - $2.4 billion
Source: Getty Images
- Date of birth: 28th January 1962
- Age: 61 years (as of 2023)
- Country of origin: South Africa
- Source of wealth: Mining
- Net worth: $2.4 billion
Patrice Motsepe's wealth is derived from the mining industry. Motsepe founded African Rainbow Minerals, a diversified mining and minerals company operating in South Africa and Malaysia.
He also owns a private equity company called African Rainbow Capital. Patrice Motsepe's net worth is $2.4 billion.
9. Naguib Sawiris - $3.3 billion
Source: Getty Images
- Date of birth: 15th June 1954
- Age: 68 years (as of 2022)
- Country of origin: Egypt
- Source of wealth: Telecom
- Net worth: $3.3 billion
Naguib Sawiris is Nassef Sawiris' brother. He built a fortune in telecom. In 2011, he sold Orascom Telecom to Russian telecom firm Veon in a multibillion-dollar transaction.
He is the chair of Orascom TMT Investments and the owner of Silversands Resort on the Caribbean island of Grenada. Naguib Sawiris' net worth is $3.3 billion.
8. Mohamed Mansour - $3.6 billion
Source: UGC
- Year of birth: 1948
- Age: 75 years (as of 2023)
- Country of origin: Egypt
- Source of wealth: Auto
- Net worth: $3.6 billion
Mohamed Mansour's net worth is $3.6 billion. He is the overseer of Mansour Group, a family conglomerate founded by his late father in 1952.
In 1975, he founded General Motors dealerships in Egypt. Mansour served as Egypt's Minister of Transportation from 2006 to 2009.
7. Issad Rebrab & family - $4.6 billion
Source: Getty Images
- Date of birth: 27th May 1944
- Age: 79 years (as of 2023)
- Country of origin: Algeria
- Source of wealth: Sugar refinery, water purification, steel milling, and French home appliances
- Net worth: $4.6 billion
Issad Rebrab is the founder and CEO of Cevital, the biggest privately-held company in Algeria. The company owns one of the largest sugar refineries in the world.
He also owns Groupe Brandt, a French home appliances maker, a German water purification company, and an Italian steel mill. Issad Rebrab's net worth is $4.6 billion.
6. Mike Adenuga - $5.7 billion
- Date of birth: 29th April 1953
- Age: 70 years (as of 2023)
- Country of origin: Nigeria
- Source of wealth: Telecom and oil production.
- Net worth: $5.7 billion
Mike Adenuga is the owner of Globacom, the third-largest mobile phone network operator in Nigeria. He has built a fortune in telecom and oil production. Conoil Producing, his oil exploration firm, operates in the Niger Delta. Mike Adenuga's net worth is $5.7 billion.
5. Nassef Sawiris - $6.6 billion
Source: UGC
- Date of birth: 19th January 1961
- Age: 62 years (as of 2023)
- Country of origin: Egypt
- Source of wealth: Nitrogen fertilizer production
- Net worth: $6.6 billion
Nassef Sawiris is one of the African billionaires in 2023. He runs Orascom Construction Industries, one of the world's largest nitrogen fertilizer producers. The company trades on the Euronext Amsterdam exchange.
He also has a 6% stake in Adidas sportswear and a 5% stake in New York-listed firm Madison Square Garden Sports. Nassef Sawiris's net worth is $6.6 billion.
4. Nicky Oppenheimer & family - $8.3 billion
Source: Getty Images
- Date of birth: 8th June 1945
- Age: 78 years (as of 2023)
- Country of origin: South Africa
- Source of wealth: Diamond trade and aviation
- Net worth: $8.3 billion
Nicky Oppenheimer's net worth is $8.3 billion. He has amassed his wealth from trading diamonds. He inherited the diamond trading business called DeBeers from his father. In addition to DeBeers, he owns and runs Fireblade Aviation, a firm that offers chattered flights in Johannesburg.
3. Abdulsamad Rabiu - $8.6 billion
Source: Getty Images
- Date of birth: 4th August 1960
- Age: 62 years (as of 2023)
- Country of origin: Nigeria
- Source of wealth: Cement production, sugar refining and real estate
- Net worth: $8.6 billion
Abdulsamad Rabiu's net worth is $8.6 billion. He is the founder of BUA Group, a conglomerate with interests in cement production, sugar refining and real estate.
In 2020, he merged his privately-owned Obu Cement company with Cement Co. of Northern Nigeria. BUA Cement PLC trades on the Nigerian stock exchange.
2. Johann Rupert & family - $11.4 billion
Source: Getty Images
- Date of birth: 1st June 1950
- Age: 73 years (as of 2023)
- Country of origin: South Africa
- Source of wealth: Trading luxury products
- Net worth: $11.4 billion
Coming in second on the list of the wealthiest Africans in 2023 is Johann Rupert and his family. Rupert is the chairman of a Swiss luxury goods company called Compagnie Financiere Richemont.
The firm is known for the brands Cartier and Montblanc. Johann Rupert's net worth is $11.4 billion.
1. Aliko Dangote - $14.1 billion
Source: UGC
- Date of birth: 10th April 1957
- Age: 66 years (as of 2023)
- Country of origin: Nigeria
- Source of wealth: Cement, sugar, automobile
- Net worth: $14.1 billion
Aliko Dangote is the richest man in Africa as of 2023. Most of his wealth comes from the Dangote Group, a conglomerate with interests in cement manufacturing, sugar refining, automobile manufacturing, and oil refining. Aliko Dangote’s net worth is $14.1 billion.
Recap of the richest men in Africa in 2023
| Rank | Name | Net worth |
| 1 | Aliko Dangote | $14.1 billion |
| 2 | Johann Rupert & family | $11.4 billion |
| 3 | Abdulsamad Rabiu | $8.6 billion |
| 4 | Nicky Oppenheimer & family | $8.3 billion |
| 5 | Nassef Sawiris | $6.6 billion |
| 6 | Mike Adenuga | $5.7 billion |
| 7 | Issad Rebrab & family | $4.6 billion |
| 8 | Mohamed Mansour | $3.6 billion |
| 9 | Naguib Sawiris | $3.3 billion |
| 10 | Patrice Motsepe | $2.4 billion |
| 11 | Koos Bekker | $2.4 billion |
| 12 | Strive Masiyiwa | $1.9 billion |
| 13 | Stephen Saad | $1.9 billion |
| 14 | Aziz Akhannouch | $1.5 billion |
| 15 | Mohammed Dewji | $1.5 billion |
Who is the richest man in Africa?
The wealthiest man on the continent in 2023 is Aliko Dangote. He has a net worth of $14.1 billion.
Which country in Africa has the most millionaires?
South Africa is home to the highest number of dollar millionaires in Africa. The country has 37,800 people worth at least $1 million.
Who are the richest people in Africa?
The wealthiest people on the continent are Aliko Dangote, Johann Rupert, Nicky Oppenheimer, Nassef Sawiris, Abdulsamad Rabiu, Mike Adenuga, Issad Rebrab, Naguib Sawiris, Patrice Motsepe, and Koos Bekker.
Source: UGC
Who is the richest man in Nigeria?
Aliko Dangote is the richest in Nigeria. He is worth is $14.1 billion.
What is Akan Udofia's net worth?
Akan Udofia's net worth is about $1 billion. His riches come from his investments in gas, oil, and construction.
The richest man in Africa in 2023 is Aliko Dangote, the owner of Dangote Group in Nigeria. Africa also has multiple other billionaires who have invested in various industries.
Legit.ng recently published a list of the oldest countries in the world. There are many different nations around the globe, each with its own distinct history and culture.
It is challenging to know when a country officially began because some countries have existed for a long time, e.g., Egypt, China, Japan, and India. Which one is considered to be the oldest country in the world?
Source: Legit.ng