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Check Out Africa's Top 5 Billionaires

With a combined total of $73.4 billion, Africa's Richest billionaires are hitting top spots, doing better than last year.



These billionaires are making their money talk, from owning cement factories, cellphone companies to producing fertilizer and being stakeholders in Adidas let's take a look at the big guns.


1. Aliko Dangote


Net worth: $10.1 billion

Wealth: Sugar and Dangote cement

Country: Lagos, Nigeria

Aliko owns 85% of publicly traded Dangote Cement which produce nearly 4.6 million metric tons of cement a year also operating in 10 other countries.

• Dangote's grandfather used to be a trader, selling oats and rice. Growing up, Aliko says he used to get other kids to sell sweets for him and keep the profits.



2. Nassef Sawiris


Net worth: $8 billion

Origin of wealth: Construction, chemicals

Country: Cairo, Egypt

Naserf owns one of the largest nitrogen producing fertilizer plants with companies reaching as far USA. He also owns stake in cement giant Lafarge, Holcium and Adidas and in Aston Villa FC.

• In 2019 Naserf nearly $24 million to aid schools in Egypt.



3. Mike Adenuga

Net worth: $7.7 billion

Origin of wealth: Telecom, oil

Country: Lagos, Nigeria

Mike is Nigeria's second richest man who built his fortunes in oil and telecom. The cellphone network called Globacom is Nigeria's third largest network and Conoil Producing in the Niger Delta.

• Mike earned his first million at 26 years old selling lace and soft drinks.



4. Nicky Oppenheimer

Net worth: $7.7 billion

Origin of wealth: Diamonds

Country: Johannesburg, South Africa

He is part of the third generation in his family to run De Beers. The company takes first place in the world's diamond trade. Oppenheimer started Fireblade Aviation in Johannesburg, operating chartered flights.

• Nicky owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa.



5. Johann Rupert & family

Net worth: $6.5 billion

Origin of wealth: Luxury goods

Country: Cape Town, South Africa

Johann is the chairperson of Swiss luxury goods firm Compagnie Financiere Richemont. The company is known for its famous brands like Cartier and Mont Blanc. Formed in 1998 from the assists of Rembrandt Group Limited (now Remgro Limited) by his father in the 1940's.

• Johann owns Anthonij Rupert Wines, named after his deceased brother.



The advice of many billionaires today is "having the ability to delay gratification and work tirelessly through the hard times so you can enjoy the fruits of your labor at a later date and rise to great heights."


Source: https://www.cnbcafrica.com/special-report/2020/02/21/the-forbes-billionaires-list-africas-billionaires-2020/

Images: Google


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