Popular, Rich List

The 50 Richest People in Africa

40) Mohammed Indimi – Net Worth: $670 Million (Nigerian)

This 66-year-old self-made millionaire is the founder of Oriental Energy Resources, a privately held Nigerian oil exploration and production company.

Mohammed Indimi

39) Desmond Sacco – Net Worth: $680 Million (South African)

Desmond Sacco lost some ranks due to steep decline in Assore Groupโ€™s stock price. This is due to drop in a price of iron ore. He is the chairman and managing director of the company.

Desmond Sacco Net Worth

38) Bhimji Depar Shah – Net Worth: $700 Million (Kenya)

Bhimji Depar Shah is the founder of Bidco Industries, which is one of the largest manufacturers of edible oil in Tanzania. The annual revenue of the company is more than $500 million.

37) Mohamed Bensalah Net Worth: $700 Million (Moroccan)

This 44-year-old Moroccan millionaire heads Holmarcom Group, a family holding company founded by his late father. The group boosted its take in Atlanta in April by 30 percent, making the insurer its largest single holding.


36) Lauritz Dippenaar Net Worth: $730 Million (South African)

Lauritz (Laurie) Dippenaar is a self-made millionaire who built a financial services empire over the past several decades. He co-founded Rank Consolidated Investing in 1977.

Lauritz Laurie Dippenaar Net Worth

35) Jim Ovia – Net Worth: $850 Million (Nigerian)

This 60-year-old self-made millionaire was appointed as chairman of Zenith Bank Group, a large Nigerian commercial bank that he founded more than two decades ago.

Jim Ovia

34) Orji Uzor Kalu – Net Worth: $1 Billion (Nigerian)

Orji Uzor Kalu is a billionaire as of 2014. He is the founder of Slok Holding, a $2.5 billion West African conglomerate with interests in banking, shipping, manufacturing, oil trading and media.

33) Tony Elumelu – Net Worth: $1 billion (Nigerian)

Nigerian-born self-made billionaire is one of Africaโ€™s most revered business leaders. He made his fortune through a variety of investments, including a controlling interest in Transcorp.

Tony Elumelu

32) Rostam Azizi – Net Worth: $1 Billion (Tanzanian)

Rostam Azizi is the first billionaire from Tanzania. In May 2014, he sold a 17.2 percent stake in Vodacom Tanzania, the largest mobile phone operator in the nation.


31) Abdulsamad Rabiu – Net Worth: $1 Billion (Nigerian)

This billionaire runs BUA Group, a conglomerate active in flour milling, pasta manufacturing, sugar refining, and ports and terminals management. Rabiu used to work for his father, legendary Kano-based businessman, Isyaku Rabiu, before striking out on his own in 1988, importing rice, sugar, edible oils as well as steel and iron rods.


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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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