Popular, Rich List

The 50 Richest People in Africa

49) Naushad Merali – Net Worth: $550 Million (Kenyan)

Kenyan millionaire investor, Merali is the founder of the Sameer Group, a Kenyan conglomerate with interests in construction, agriculture, property, IT and finance.

Naushad Merali

48) Reginald Mengi – Net Worth: $560 Million (Tanzania)

This self-made media mogul heads one of the largest media conglomerates in Africa. His IPP Media Group owns 11 newspapers, radio stations, TV stations and internet properties.

Reginald Mengi

47) Said Salim Bakhresa Net Worth: $575 Million (Tanzanian)

The 65-year-old self-made millionaire is a Tanzanian businessman. He launched Azam TV, a pay TV service for East Africa. He dropped out of school when he was just 14 to sell potato mix.

Said Salim Bakhresa Net Worth

46) Ali Wakrim & family – Net Worth: $600 Million (Moroccan)

Ali Wakrim and family own Akwa Group along with Aziz Akhannouch and family. Wakrim is the chairman of the LPG distributor, which reported more than $400 million in revenue last year.

45) Strive Masiyiwa – Net Worth: $600 Million (Zimbabwean)

Strive Masiyiwa is the richest man in Zimbabwe. The self-made millionaire made his fortune through his stake in Econet Wireless Group. He is the founder of the group.

Strive Masiyiwa

44) Hakeem Belo-Osagie – Net Worth: $600 Million (Nigerian)

Nigerian self-made millionaire Hakeem Belo-Osagie is the chairman of Etisalat, Nigeria. It is the country’s fourth largest mobile telecom network and has more than 18 million subscribers.


43) Moulay Hafid Elalamy Net Worth: $620 Million (Moroccan)

This 54-year-old self-made millionaire is the head of Saham Group, which operates CNIA Saada, one of Morocco’s biggest insurance companies.

Moulay Hafid Elalamy

42) Tunde Folawiyo – Net Worth: $650 Million (Nigerian)

Nigerian businessman Tunde Folawiyo is the managing director of the Yinka Folawiyo Group, a conglomerate with interests in agriculture, energy, shipping, engineering and real estate.

Tunde Folawiyo

41) Gus Attridge – Net Worth: $660 Million (South African)

The South African self-made millionaire is the deputy CEO of Aspen Pharmacare, the largest pharmaceutical manufacturer in Africa and the world’s fifth largest generic drug maker.

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    i so wish to be on that list bt eish my business is still tht tiny to such an extend tht im a no1 target to the south african police.

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    How is the Ugandan the richest man in East Africa yet in your list there is a Tanzanian Mohammed Dewji whose worth and rank is higher in your very list?

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    we have reach people all over Africa but still we live a low standard of living.
    our children die every day like fowls orphanages are so full but no food for the needy.
    where are we really going to Africans??
    please we should all make an attempt of helping the need’s and the less previlaged.
    I am in Cameroon I have done ellot and the load is big for me alone to Carry please lets try and intersid for others and let us all grab some responsibility

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      Am not even a millionaire bt wit a tiny humble business I hv some people do survive. They will stay millionaires in earth, shame hw poor are they in front of God.

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    born to be poor isn’t a mistake, but die in pooverty is the greatest mistake. aid to poor and needy excel you.

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    I’ve just realised that there no Kenyan billionaires in the top list and yet some of them are claiming so.

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