The Richest Black Man in The World? Wealthiest People in Africa

Aliko Dangote, a Nigerian businessman, is widely considered one of the richest black men in the world. He is known for his significant wealth amassed through his conglomerate, Dangote Group, which has interests in various industries, including cement, sugar, salt, and more. In full Alhaji Aliko Dangote, (born April 10, 1957, Kano, Nigeria), Nigerian businessman and philanthropist who is the founder and CEO of the Dangote Group conglomerate. Dangote, of the Hausa ethnic group, was born to Mariya Sanusi Dantata and Mohammed Dangote. His maternal ancestors were prosperous caravan traders under British colonial rule, and his grandfather Alhaji Sanusi Dantata was a commodities trader. His grandfather was heavily involved in Dangote’s upbringing and helped inspire the entrepreneurial spirit in his grandson: when Dangote was eight years old, he used pocket money furnished by his grandfather to buy sweets, which he had others sell for a profit. Dangote was raised in the Islamic faith and is a practicing Muslim.

Dangote’s business success brought him great wealth. In 2008 he made his debut on Forbes magazine’s annual list of billionaires in the world. In 2011, when Forbes launched its annual list of the 40 richest people in Africa, Dangote landed the top spot. Since then he has routinely ranked on both lists as well as in other, similar measures of wealth in Africa and in the world.

In 2016 Dangote faced scrutiny when his name surfaced in the so-called Panama papers, which disclosed names of individuals who were linked to offshore shell companies. He was personally linked to 4 such companies, and his family and business associates were linked to at least 13. Aliko Dangote’s story is an inspiring one, and also demonstrates the importance of growing up with access to opportunities. He was born into a wealthy family in Kano, Nigeria while the country was under British rule in 1957. His mother was the daughter of the businessman Sanusi Dantata, and the granddaughter of Alhassan Dantata who was the richest person in West Africa until his death in 1955.

For the 12th year consecutively, Aliko Dangote, President of the pan-African Conglomerate, the Dangote Group, has emerged the richest man in Africa, despite economic headwinds that affected the fortunes of half of the world’s reported billionaires. Mr Dangote, whose business flagship, Dangote Cement Plc is the largest producer of cement in Africa, is the only Nigerian in the list of first 200 richest men in the world with an estimated net worth of $14.2 billion, up from last year’s $12.1 billion.

Africa’s richest man founded and chairs Dangote Cement, the continent’s largest cement producer. Dangote Cement has production capacity of 51.6 million tons per year across ten countries in Sub-Saharan Africa, with integrated factories in seven countries, a clinker grinding plant in Cameroon, and import and distribution facilities in Ghana and Sierra Leone.

Africa is a diverse continent with a wide range of economic situations and income levels. While there are certainly wealthy individuals and families in Africa, it’s important to recognize that Africa also faces significant issues of poverty and income inequality. Some of the factors contributing to wealth in Africa include business ventures, investments, natural resources, and successful entrepreneurship.

Here are a few examples of wealthy individuals or families from different African countries:

  • Nassef Sawiris (Egypt):

Nassef Sawiris is an Egyptian billionaire and the CEO of Orascom Construction Industries. He also has investments in various sectors, including chemicals, technology, and construction.

  • Nicky Oppenheimer (South Africa):

Nicky Oppenheimer is a South African businessman and former chairman of De Beers diamond mining company. He’s also invested in various industries, including tourism and agriculture.

  • Johann Rupert (South Africa):

Johann Rupert is a South African billionaire and the chairman of Richemont, a Swiss luxury goods company. He has investments in luxury brands like Cartier, Montblanc, and Dunhill.

  • Mike Adenuga (Nigeria):

Mike Adenuga is a Nigerian billionaire with interests in telecommunications (Globacom) and oil exploration (Conoil).

  • Issad Rebrab (Algeria):

Issad Rebrab is an Algerian businessman and the founder of Cevital, one of the largest conglomerates in Algeria, with interests in food processing, retail, and more.

  • Naguib Sawiris (Egypt):

Naguib Sawiris is an Egyptian billionaire with investments in telecommunications, technology, and media. He’s the founder of Orascom Telecom Media and Technology Holding.

  • Yasseen Mansour (Egypt):

Yasseen Mansour is another member of the wealthy Mansour family and is involved in the family’s business empire, particularly in sectors like retail, real estate, and construction.


It is important to note that wealth distribution in Africa, as in many parts of the world, can be highly uneven, and a significant portion of the population in many African countries still faces economic challenges and poverty. Additionally, the economic landscape can change rapidly, so the list of wealthy individuals may evolve over time.


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