20) Folorunsho Alakija – Net Worth: $1.9 Billion (Nigerian)
Folorunsho Alakija is the second richest woman in Africa and third richest black woman in the world. She controls Famfa Oil. She founded the Rose of Sharon Foundation in 2008. It works to help widows and orphans.
19) Mohamed Al Fayed – Net Worth: $2 billion (Egyptian)
Mohammed Al-Fayed sold his Harrod’s department store in London to Qatar Holding for a reported $2.4 billion in 2010. In 2014, he sold Fulham Football Club, which he acquired in 1997 to American billionaire Shahid Khan for a reported $300 million. He now owns the famed Hotel Ritz in Paris which he closed in August 2012 to start construction on what will be the hotel’s biggest redo since it was built in 1898 and also owns Cocosa, a U.K.-based discount fashion website.
18) King Mohammed VI – Net Worth: $2.1 Billion (Moroccan)
The king of Morocco is the 7th richest royal in the world. He celebrated his 15th year on the throne in July 2014. He inherited around 40 percent stake in Societe Nationale d’Investissement from his father.
17) Stephen Saad – Net Worth: $2.1 Billion (South African)
Stephen Saad is the founder of Aspen Pharmacare, the largest pharmaceutical company in Africa. His wealth increased by $600 million over the past year due to increase in the company’s stock price. The company has a market capitalization of $11 billion. Saad is the company’s largest shareholder.
16) Patrice Motsepe – Net Worth: $2.1 Billion (South African)
Patrice Motsepe is a self-made billionaire who is the founder and chairman of African Rainbow Minerals. He is South Africa’s first and only black billionaire. He also holds a stake in Sanlam, a publicly traded financial services company (featured in our biggest companies in Africa list).
15) Yasseen Mansour – Net Worth: $2.3 Billion (Egyptian)
Yasseen and his billionaire brothers Mohammed and Youssef run Mansour Group. The Group owns caterpillar dealerships and General Motor dealerships in many African nations. They also own supermarkets, restaurant franchises, and Philip Morris distribution in Egypt.
14) Othman Benjelloun – Net Worth: $2.3 Billion (Moroccan)
This 82-year-old billionaire has interests in insurance, banking and telecom in Morocco through his holding company FinanceCom. He is the CEO of BMCE Bank. He is also the chairman of holding company FinanceCom which has interests in banking, insurance, and telecom in Morocco.
13) Koos Bekker – Net Worth: $2.3 Billion (South African)
Bekker stepped down as CEO of media conglomerate Naspers in February 2014, but that did not stop the stock from rising in double digits. Refusing to take a salary, Bekker has traditionally been compensated via stock option grants that vest over time. Naspers is currently the biggest company in Africa.
12) Youssef Mansour – Net Worth: $2.9 Billion (Egyptian)
The Egyptian billionaire maintains a lower profile than his billionaire brothers Mohamed and Yasseen. All the brothers have stake in Mansour Group.
11) Naguib Sawiris – Net Worth: $3.1 Billion (Egyptian)
Naguib Sawiris resumed as CEO at his company Orascom Telecom Media & Technology (OTMT) in October 2013. Share prices increased by more than 7 percent due to this.