![]() ![]() He’s chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. His brother Nassef is also a billionaire. Naguib Sawiris is a scion of Egypt’s wealthiest family. Naguib Sawiris -$3.2B Top 20 Richest People in Africa 2022 35 The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange Rabiu owns 98.5% of it. of Northern Nigeria, which he controlled. In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. Abdulsamad Rabiu -$5.4B Top 20 Richest People in Africa 2022 34Ībdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. His mobile phone network, Globacom, is the third largest operator in Nigeria, with 55 million subscribers. Mike Adenuga -$6.3B Top 20 Richest People in Africa 2022 33Īdenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa it trades on the Euronext Amsterdam exchange. In December 2020, he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of the NBA Knicks and the NHL Rangers teams. His most valuable asset is a nearly 6% stake in sportswear maker Adidas. Nassef Sawiris is an investor and a scion of Egypt’s wealthiest family. He also owns stakes in publicly-traded salt and sugar manufacturing companies Nassef Sawiris -$8.5B Top 20 Richest People in Africa 2022 30 Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. He owns 85% of publicly-traded Dangote Cement through a holding company. Take a look at the top 20 Richest people in Africa below Aliko Dangote -$12.5 billion Top 20 Richest People in Africa 2022 29Īliko Dangote, Africa’s richest person, founded and chairs Dangote Cement, the continent’s largest cement producer. Nigerian business tycoon Aliko Dangote has for the 10th time in a row maintained his spot as the wealthiest man in Africa. The list features 18 billionaires who have their businesses in Africa. American Magazine Forbes has released its annual ranking of richest people in the African continent. ![]()
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