Naguib Sawiris belongs to one of the wealthiest families in Egypt. He is the current president of Orascom Telecom Holdings. Under Naguib’s supervision, Orascom Telecom Holdings has become one of the most successful telecommunications companies in Africa. He also founded the investment group Weather, which later acquired the Italian telecommunications company Wind Telecomunicazioni S.p.A. In 2011, Wind Telecom and Global Telecom Holdings merged with VimpelCom’s current Veon (NASDAQ: VEON), making it the world’s sixth largest mobile telecommunications provider, operating in 20 countries\/regions it serves , With 181 million customers. Naguib also owns 88% of Euronews through his shares in Media Globe.
Country : Algeria
Issad Rebrab is the richest man in Algeria. He made a fortune mainly through his company Cevital’s business in the food industry. Rebrab founded Cevital in 1998. The company operates in the fields of automobiles, household appliances, transportation (road and sea), float glass production and large-scale retail, making Cevital the largest conglomerate in Algeria. Before joining the Cevital Group, Rebrab also formed several other companies in the accounting, steel and metal industries. Rebrab has also diversified its business by acquiring several other companies in Europe, Africa and South America. In April 2019, Isad was imprisoned for eight months for corruption, taxation, banking and customs violations.
#Abdul Samad Rabiu
Net worth: US$5.5 billion (2021)
Abdulsamad Rabiu is one of the well-known figures in the Nigerian business world because his conglomerate BUA Group holds shares in manufacturing, infrastructure and agriculture. Nigeria is one of the largest crude oil producers in the world. However, the shortage of oil refineries and dependence on oil imports have caused huge deficits and put pressure on the Nigerian economy. In September 2020, Rabiu signed an agreement with Axen, the largest hydrocarbon company in France, to provide processing technology for the Rabiu refinery in Akwa Ibom, Nigeria. This bold move has made BUA Group one of the most powerful forces in Nigeria and Africa as a whole. Rabiu also owns 98.5% of BUA Cement Plc, the second largest cement producer, and is listed on the Nigerian Stock Exchange.
Net assets: US $ 6.1 billion (2021)
Mike Adenuga’s main source of wealth is his company Globacom, which is the second largest telecommunications service provider in Nigeria, serving more than 43 million subscribers. In addition, he also owns shares in Conoil and Equitorial Trust Bank. All these adventures made him the second richest man in Nigeria. While studying at Pace University in the United States, Adenoga often drove a taxi to support herself. Early in his career, Adenuga began to be involved in small businesses, such as selling shoelaces and distributing soft drinks.
Country: South Africa
Net assets: US $ 7.3 billion (2021)
Johann Rupert’s main source of wealth is Compagnie Financiere Richemont, which owns several luxury brands, from clothing to watches, such as Cartier and Montblanc, including the fashion brands Azzedine Alaïa, Chloé and Dunhill. Johann Rupert is the current president of Compagnie Financiere Richemont and has a majority stake in the company.
Country: South Africa
Net assets: US $ 8 billion (2021)
Nicky Oppenheimer (Nicky Oppenheimer) comes from a wealthy family that has been shaping the business landscape in South Africa. The Oppenheimer family has been in the diamond mining business for more than three generations. Nicky’s grandfather, Ernest Oppenheimer, was the founder of AngloAmerican Plc (London code: AAL), the world’s largest platinum producer. Nicky Oppenheimer is the chairman of DeBeers, a diamond mining and trading company owned by AngloAmericans (85%) and the Botswana government (15%). Nicky Oppenheimer is also the richest man in South Africa.
Net assets: 8.12 billion US dollars (2021)
Like his brothers Naguib and Samih, Nassef is also one of the richest people in Africa. He is the youngest of the three brothers and runs Orascom Construction Company, which was formed after the Orascom Group was split into several companies. Its 6% stake in Adidas AG (ETR: ADS) is its most valuable asset. The NSWE Group, jointly owned by Nasef and American investor Wes Aidens, acquired the English soccer club Aston Villa.
Net assets: $ 11.3 billion (2021)
Aliko Dangote is the richest man in Africa and his name has many titles. It is also known as the undisputed king of cement in Africa. With its bold, crazy and ambitious $ 12 billion Dangote refinery project in Lagos, Aliko Dangote is expected to shine in the African oil market. Upon completion, the Dangote Oil Refinery will become the largest oil refinery in the world, with a daily production of more than 650,000 barrels. In addition, the refinery will also include a urea manufacturing plant with an annual capacity of 3 million tons. Dangote also made a fortune by investing in shares of publicly traded salt and sugar manufacturing companies