30) Femi Otedola – Net Worth: $1 Billion (Nigerian)
Otedola heads petroleum marketing company Forte Oil. Otedola is the controlling shareholder of Forte Oil, with a 78% stake. The company owns gas stations and fuel storage depots and manufactures its own line of engine oils.
29) Anas Sefrioui – Net Worth: $1.1 Billion (Moroccan)
Anas Sefrioui is the head of publicly traded homebuilder Groupe Addoha. Moroccan government’s cutbacks have recently hurt his business.
28) Theophilus Danjuma – Net Worth: $1.1 Billion (Nigerian)
This 75-year-old billionaire is the founder and owner of South Atlantic Petroleum, a Nigerian upstream oil and gas exploration and production company.
27) Sudhir Ruparelia – Net Worth: $1.1 Billion (Ugandan)
The self-made billionaire is one of Uganda’s largest property owners. He owns more than 300 commercial and residential properties through his Ruparelia Group. The company also own a chain of forex bureaus, two Highbrow secondary schools and Crane Bank, one of the Uganda’s top 3 commercial banks. He is East Africa’s richest man.
26) Samih Sawiris – Net Worth: $1.1 Billion (Egyptian)
Samih Sawiris is the youngest son of Egyptian construction magnate Onsi Sawiris. He is the head of Orascom Development, a company which builds and operates resorts in Egypt, Switzerland and Montenegro.
25) Mohammed Dewji – Net Worth: $1.3 Million (Tanzanian)
This 40-year-old Tanzanian millionaire is the youngest among Africa’s 50 richest for the second year. He owns 75 percent of METL Group, one of Tanzania’s largest industrial conglomerates founded by his father.
24) Miloud Chaabi – Net Worth: $1.3 Billion (Moroccan)
Miloud Chaabi’s business Yanna Holding operates hotels and supermarkets, and develops real estate. It also owns SNEP, a chemical manufacturer in Morocco.
23) Allan Gray – $1.6 billion (South African)
Allan Gray is the founder of Cape Town-based investment management firm, Allan Gray Limited which he founded in 1973, after earning his MBA from Harvard and spending eight years at Fidelity in the US. The company manages $34 billion, making it the largest privately owned asset manager in South Africa. He also owns Orbis Investment Management in Bermuda which manages $30 billion.
22) Aziz Akhannouch – Net Worth: $1.7 Billion (Moroccan)
Aziz Akhannouch is the majority shareholder of Akwa Group, a multibillion-dollar Moroccan conglomerate with interests in petroleum, gas and chemicals through its publicly traded subsidiaries.
21) Onsi Sawiris – Net Worth: $1.8 Billion (Egyptian)
This 84-year-old billionaire is the patriarch of Egypt’s richest family. He founded the Orascom Construction Industries. Currently his son Nassef heads the company.