July, 2016
SUPERIOR LIST: The African Billionaires 2016

Carmel Fisher

1. Aliko Dangote (Nigeria), $16.7 billion

Dangote owns 90% of publicly traded Dangote Cement through a holding company - a percentage that exceeds the 80% ownership ceiling set by the Nigerian Stock Exchange. Dangote's spokesperson told Forbes that the company has until October 2016 to lower the 58-year-old's stake and has plans to do so by then.

2. Nicky Oppenheimer (South Africa), $6.6 billion

The South African's fortune stems from the stake he inherited in his family's diamond mining giant and marketer DeBeers.

3. Christoffel Wiese (South Africa), $6.5 billion

The second South African in the billionaires list, retail tycoon Wiese, 74, has had his eye on the UK for a while. Last spring, he bought British fashion retailer New Look for $1.23bn and gym chain Virgin Active for $1bn.

4. Johann Rupert (South Africa), $5.3 billion

South African entry, Johann Rupert, 65, is currently the third richest man in the country. He chairs listed Swiss luxury goods firm Compagnie Financiere Richemont - best known for its brands Cartier and Montblanc - and owns part of Anthonij Rupert Wines, named after his late brother.

5. King Mohammed VI (Morocco), $5.7 billion

King Mohammed VI, who inherited a 35% stake in Societe Nationale d'Investissement (SNI) from his late father King Hassan, is Morocco's first billionaire.

6. Nassef Sawiris (Egypt), $4.1 billion

Egypt's richest figure, having carried out numerous investments in his country. In November 2014 he partnered with Abu Dhabi's International Petroleum Investment to develop a coal-based power plant in Egypt, and he is also one of the largest shareholders in cement giant LafargeHolcim (5%).

7. Mike Adenuga (Nigeria), $3.5 billion

Nigeria's second richest man, studied in the US, where he worked as a taxi driver to support himself. The story goes that, after returning to Nigeria and making a fortune trading lace and Coca-Cola, he made friends with Nigerian military big shots, who awarded him lucrative state contracts - laying the foundation of his fortune..

8. Isabel dos Santos (Angola), $3.1 billion

The eldest daughter of Angolan President Jose Eduardo dos Santos is Africa's richest woman, by virtue of her investments in Portugal and Angola. Though her representatives have denied that her assets have any connection to her father, Forbes claims that he transferred stakes in several Angolan companies to her. In Angola, she holds 25% of Unitel, the country's largest mobile phone network, and a stake in a bank, Banco BIC. Meanwhile, in Portugal, she owns a nearly 7% chunk of oil and gas firm Galp Energia, and nearly 19% of Banco BPI, the country's fourth-largest bank. She is also a controlling shareholder of Portuguese cable TV and telecom firm Nos SGPS.

9. Issad Rebrab (Algeria), $3.1 billion

The son of militants who fought for the country's independence from France - founded the country's biggest privately held conglomerate, Cevital, which owns one of the largest sugar refineries in the world and produces vegetable oil and margarine.

10. Naguib Sawiris (Egypt), $3bn billion

Egyptian billionaire Naguib Sawiris captured world headlines in September 2015 when he offered to buy an island from Greece or Italy to settle refugees fleeing the war in Syria. A statement from Sawiris's company, Orascom Telecom Media and Technology, confirmed he had identified two privately owned Greek islands that constitute a good opportunity for the project. It said: "We have corresponded with the owners and expressed our interest to go into negotiation with them.".


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