We shall be taking you through the top 10 richest families in Africa.
Africa is a large Continent with a lot of countries, with each of this countries having a lot of rich and wealthy individuals and families, this families either started their businesses from scratch or inherited their wealth from the previous generations.
The families on this list of the top 10 richest families in Africa,have worked their way to becoming one of the richest families in Africa. This families have amassed enormous fortunes either through businesses, religion or politics.
Despite the fact that a billionaire comes from a family doesn’t make the family a wealthy family.
Here is the list of the top 10 richest families in Africa.
10) THE BEKKER FAMILY (SOUTH AFRICA) – $3 BILLION.
Quite a few members of the Bekker family are doing very well,but Kobus Koos Better,born 14 December 1952,is the most successful member of the family, he is a South African billionaire businessman and the chairman of media group NASPERS.a company which operates in 130 countries, and listed in London and Johannesburg stock exchanges,he has the largest market capitalization of any media outside the US and China.
After a few years in advertising, he received an MBA degree from Colombia business school, graduating in 1984,as a result of a project paper,he with a few colleagues founded one of the first two paid television services outside of the US,Eminent of his companies such as MULTICHOICE,which eventually expanded to 48 countries across Africa, in the 1990’s,he was the founding director of the mobile communication company MTN,in 1997,Bekker became the CEO of NASPERS,one of the initial investors in the eminent Multichoice group,NASPERS board to other shareholders,during his tenure, the market capitalization of NASPERS grew from about $1.5 billion to about $45 billion, his compensation package was unusual, in that as 15 years as CEO,he earned no salaries, bonus nor credit, he was compensated solely via stock grant that vested over time,he,his wife Kabus Rose and their four children are currently among some of the richest families in Africa.
9) THE REBRAB FAMILY (ALGERIA) – $4.1 BILLION.
Is sad Rebrab and Yasin Rebrab with the whole family keeping hands on deack,its a guarantee that the Rebrab family in will only grow bigger, in 2020,he was sentenced to 6 months in prison for tax,banking and custom offenses.
8) THE ROYAL FAMILY OF MOROCCO (MOROCCO) – $5.4 BILLION.
The king of Morocco Mohammed Vi is the countries leading businessman and banker, along with his family, they hold the majority stake in the societe Nationale D’investissement (SNI),a holding company which was originally state owned and was merged in 2018 with ONA Omnium Nord-Africain (ONA) group, to form a single holding company that will earn a stake at the Casablanca stock exchange.
In 2015,Mohammed Vi was estimated by Forbes magazine to worth $5.4 billion and the Moroccan family is one of the richest families in Africa with large fortunes around the World.
7)THE DOS SANTOS FAMILY (ANGOLA) – $5.5 BILLION.
The Dos Santos family is the richest family in Angola, Jose Eduardo Santos born 28 August 1942,is an Angolan politician who served as the president of Angola from 1979 to 2017.
As president, Jose Eduardo Santos, was also the commander-in-chief of the Angolan arm forces (FAA),and the president of the People’s movement for the liberation of Angola (MPLA),the party that has ruled Angola since its independence in 1975.
From Petroleum to mining, cement manufacturing, media, retail and entertainment, there are only few areas or trade that the Dos Santos family have not spread their reach to.
The most prominent member of the family is Jose Eduardo Santos, the 75 year old Angolan former president, who has been in power for the past 37 years, the family also boast of Isabel Dos Santos, usually refered to as the richest woman in Africa, with the net worth of about $2.5 billion, she owns banks,a supermarket chain, telecommunication companies, cement factory, restaurant, casinos and also holds stake in various utility firms.
Isabel Dos Santos has a vase portfolio for investment in Angola, Portugal, Mozambique and Carpe Verde.
Other prominent members of the family includes, Banker and Investor, Media guru,Felicia Jose Dos Santos Pego,and famous creative Jose Paulinho Dos Santos who is popularly known as Coreon Du.
6) THE MANSOUR FAMILY (EGYPT) – $5.6 BILLION.
The Mansour family is a family from Egypt.
Mohammed Mansour the Egyptian billionaire businessman, he is known alongside his brothers Yasin and Yussef to have built a business empire stretching across Egypt and a 100 other countries, Mansour said to Forbes magazine that he is currently planning a massive $200 million investment in artificial intelligence (AI),and other futuristic investment, betting that such investments will prove hugely profitable in the long run, with a net worth of totaling at about $2.3 billion, Mansour is the richest member of his family and currently stand as one of the wealthiest business man in Egypt as well as Africa.
The siblings have taken over the affairs of the Mansour group after their fathers passing four decades ago,and have since completely over hauled the company and built close ties with massive business conglomerate the world over,like Chevrolet, General Motors and many more.
Yussef Mansour,is currently worth $1.2 billion and his brother Yasin $2.2 billion and together, they have a net worth of about $5.5 billion.
5) MICHAEL ADENIYI ADENUGA ( NIGERIA) – $7.5 BILLION.
Michael Adeniyi Adenuga junior (GCON),is a Nigerian billionaire businessman and the second richest person in Africa, his company Globacom,is Nigeria’s second largest Telecommunication operator, which has its presence in Ghana and Benin,he owns a stake in Equatorial trust Bank and oil exploration firm ConOil,Mike Adenuga who was once a humble Taxi driver in the United States, today sit on a multi-billion dollar Nigerian corporation, with his net worth at about $7.3 billion according to Forbes magazine. Mike Adenuga is also Nigeria’s second richest man.
The self made billionaire made his first million at the age of 26,while selling lex and distributing CocaCola.
In 2003,Mike founded Nigeria’s second largest phone network Globacom,and consequently hit a goldmine,he is popularly referred to as the Bull,also own a homegrown oil exploration company ConOil.We have to keep an open eye on his 8 children to see how the Adenuga family empire grows.
4)THE OPPENHEIMER FAMILY (SOUTH AFRICA) – $7.7 BILLION.
For 85 years,until 2012,the Oppenheimer family occupied a controlling spot in the world’s diamond trade, it all started in 1917,when Sir Ernest Oppenheimer, a diamond and gold mining entrepreneur founded the AngloAmerican corporation of South Africa.
Chairman of Da Beers Diamond company in 1929,his son Harry Oppenheimer was also the chairman of board the AngloAmerican corporation and Da Beers diamond company.
Nicky Oppenheimer, Harry’s son and heir to the families fortune was the third generation of his family to run Da Beers diamond company.
Today,Oppenheimer net worth stands at $7.6 billion, making him the richest man in South Africa, and the family one of the richest families in Africa, according to Forbes magazine.
Nicky’s only son Jonathan is currently the director of E-Oppenheimer and son limited.
3) THE RUPERT FAMILY (SOUTH AFRICA) – $8.5 BILLION.
Anton and Johan Rupert are familiar names in South Africa’s business circle, with their father once featured in Forbes magazine list of billionaires in their own era,from selling cigarettes in his garage to bidding the Tobacco and industrial conglomerate, Rembrant.Anton Rupert story is one for the books, in 1998,Rupert split into Remgro an Investment company with financial, mining and industrial interest, and Richmont a Swiss based luxury goods group.
Anton son,Johan Rupert is now the Chairman of Financiere Richmont (SA).
Johan Rupert net worth currently stand at $6.5 billion, according to Forbes magazine, while his late father, Anton Rupert had a net worth of about $2.3 billion, Johan has three children, Anton Junior, Caroline and Hanneli.
2) THE SAWIRI FAMILY (EGYPT) – $10.3 BILLION.
The Sawiri’s are the wealthiest family in Egypt, Onsi head of the family founded ORASCOM construction in 1950,but faced strong head wings early in his career, as the government at that time nationalized company.To rebuild the company, he stated from the scratch, under the more business friendly presidency, creating what is now known as ORASCOM construction, his three sons now run the conglomerate, which operates in three major sectors, Construction, Telecommunication and Tourism. Two of Onsi sons Nassef and Naguib are also billionaires,Nassef who took over the company, from his father in 1995 is currently ranked 251st on Forbes magazine list of billionaires while his brother Naguib Sawiri is worth $3 billion.
1) THE DANGOTE FAMILY (NIGERIA) – $12 BILLION.
The Dangote family is hands down the richest family in Africa, Aliko Dangote is the richest member of the Dangote family, as well as Africa’s most wealthiest man,with his net worth of $11.3 billion, according to Forbes magazine.
Dangote founded and chairs Dangote cement, the continent’s largest cement producer and his fortune amount to about 3% of Nigeria’s total Gross Domestic Product (GDP),he also owns stakes in publicly traded salt,sugar and flour manufacturing companies.
Dangote came from a rich family, his great grand father was a very rich and wealthy man before his death,because of Dangote’s success, most of his family members have been able to establish successful businesses.
Not much is heard about the heirs to the Dangote group, but its between his three daughters Halima Bello Dangote,Maria Dangote,Fatima Dangote and his adopted son Abdulrahman Fasasi.
This is our top 10 richest families in Africa, do you agree with this list? or someone is missing that you think should have been included in this list,let us know by dropping a comment below.
[sc_fs_faq html=”true” headline=”h2″ img=”” question=”Which family is the richest family in Africa?” img_alt=”” css_class=””] 1) THE DANGOTE FAMILY (NIGERIA) – $12 BILLION. The Dangote family is hands down the richest family in Africa, Aliko Dangote is the richest member of the Dangote family, as well as Africa’s most wealthiest man,with his net worth of $11.3 billion, according to Forbes magazine. Dangote founded and chairs Dangote cement, the continent’s largest cement producer and his fortune amount to about 3% of Nigeria’s total Gross Domestic Product (GDP),he also owns stakes in publicly traded salt,sugar and flour manufacturing companies. Dangote came from a rich family, his great grand father was a very rich and wealthy man before his death,because of Dangote’s success, most of his family members have been able to establish successful businesses. Not much is heard about the heirs to the Dangote group, but its between his three daughters Halima Bello Dangote,Maria Dangote,Fatima Dangote and his adopted son Abdulrahman Fasasi. [/sc_fs_faq]