American business magazine Forbes has finally published a list of top 20 richest people in Africa as of 2020, and surprisingly, no Kenyan billionaire features on the list. Nigeria’s magnate Aliko Dangote still maintains the top spot for the ninth year in a row. Egyptian billionaire Nassef Sawiris who accumulates his wealth from construction and chemicals business takes the second spot. Nigerian billionaire businessman Mike Adenuga who ranked second last year drops to number three.
Mohammed Dewji, 44, is still the youngest billionaire in the list with an estimated net worth of $1.6 billion. The Tanzanian’s sources of wealth include manufacturing, agriculture, trading, finance, mobile telephony, insurance, real estate, transport and logistics, and food and beverages. All these under Mohammed Enterprises Tanzania Limited (MeTL), a commodities trading business founded by his father.
Othman Benjelloun, 87, is the oldest billionaire in the list with an estimated net worth of $1.4 billion. Othman who hails from Morocco has interests in banking and insurance.
Isabel dos Santos still remains the richest woman in Africa with an estimated net worth of $2.2 billion. The 46-year-old is a daughter to the immediate former president of Angola, Jose Eduardo dos Santos. Her investments interests include telecommunications, media, retail, finance and the energy industry.
Below is a full list of the 20 richest billionaires in Africa as of 2020 according to Forbes Magazine.
Cement, sugar, flour
Isabel dos Santos
Michiel Le Roux