Meet Africa’s Top 7 Billionaires – 2018

Posted by: lukwago J in Life style February 18, 2018

When it comes to the richest men in the world, Jeff Bezos and Bill Gates are most common figures, everyone knows, they are the well known billionaires. But this time around, let’s look in to Africa, when i was still in school, we used to call it ‘’ The dark continent’’ this sounds urgly, isn’t it?

Check also: Top 10 Black Billionaires In The World, According To Forbes

Africa is the wealthiest continent, with a lot of resources, you may ask yourself why the people are so poor? Besides that, the continent has a few successful people, who have managed to reach the top through hard work.

Here are a few richest billionaires in Africa

1). Aliko Dangote – worth $13.8 billion

When it comes to the richest man in Africa, the 60 year old, self-made Nigerian Business man, Aliko Dangote is on top of the list according to business insider, Dangote is the Chief Executive Officer of Dangote group for over 34 years, he’s networth is over $13 billion.

Dangote’s wealth was not inherited, he’s a self-made billionaire, and his company, Dangote group is the largest producer of cement and it’s listed on the stock exchange of Nigeria.

2). Mohammed Hussein Almoudi – worth $10.8 billionaire

The 70 year old Ethiopian billionaire is also a citizen of Saudi Arabia, by the age of 19, he moved from Ethiopia to Saudi Arabia where his fortune begun. He deals in Oil, Mining and agriculture.

3). Mike Adenunga – worth $5.4 billion

The 64 year old Nigerian billionaire, Mike Adenunga is the chairman of Globacom, the telecommunications company with more than 36 million subscribers. Mike owns the majority shares in Conoil, the Lagos based oil company, according to Bloomberg.

4). Isabel Dos Santos – worth $2.7 billion

The 44 year old is currently the youngest female billionaire in Africa, Isabel is the daughter to the former president of Angola, Jose Eduardo Dos Santos.

Isabel’s investments are private and independent. Her wealth is mainly linked to her father, according to Forbes

5). Patrice Motsepe – worth $2.6 billion

The 55 year old South African billionaire, Patrice Motsepe is behind South Africa’s mining industry, he founded a company called African Rainbow Minerals. Motsepe and his wife help to create new jobs, help the disabled and improves the lives of children through their foundation called Motsepe Foundation.

6). Folorunsho Alakija – worth $1.49 billion

The 66 year old female Nigeria self-made billionaire, Alakija is currently the vice chairman of Famfa Oil, a Nigerian oil giant, Alakija resides in Nigeria’s capital, Lagos. She deals in Oil and retail.

7). Muhammed Ibrahim – worth $1.18 billion

The 71 year old Sudanese self-made billionaire, Muhammed Ibrahim is among the richest Africans on the list, he was born in Sudan, but later, he moved in UK where he lives now. In 2005, he sold his telecommunications company, CELTEL, according to Forbes.

He created Mo Ibrahim Foundation where he spends much of his time helping to improve the lives of Africans.

Check also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.