The Top 5 African Billionaires in 2015

There are 29 African billionaires this year, the same number as in 2014. While 2 tycoons – South African mining magnate Desmond Sacco and Moroccan real estate mogul Anas Sefrioui fell off the billionaire rankings this year, Mohammed Dewji of Tanzania makes his debut on the list with a fortune estimated at $1.3 billion. At 39, Dewji is the youngest billionaire in Africa. Dewji’s company, METL Group manufactures textiles and consumer goods and has annual revenues of more than $1.4 billion.

Nigerian-born Femi Otedola, 50, rejoins the list of African billionaires after a 5-year hiatus with a $1 billion fortune. He owns a controlling stake in Forte Oil, a publicly-listed energy distribution company in Nigeria. Folorunsho Alakija of Nigeria and Isabel dos Santos of Angola are the only two female billionaires on the continent.
Meet the Top 5 Africans who are worth $1 billion or more:
Aliko Dangote, $15.7 billion
Nigerian: Cement, Flour, Sugar
Falling stock prices and a recent valuation of the Naira might have dented his fortune, causing him to lose roughly $10 billion since last year, but Aliko Dangote is still the richest man in Africa. His Dangote Group is West Africa’s largest industrial conglomerate and has interests in cement production, flour milling, sugar refining and food and beverages.
Johann Rupert & Family, $7.4 billion
South African, Luxury Goods

Rupert is the chairman of publicly-listed Swiss-based luxury goods outfit Compagnie Financiere Richemont , which owns brands including Cartier , Van Cleef & Arpels, Jaeger-LeCoultre and Montblanc. He also owns stakes in investment holding companies Remgro and Reinet. He also owns two of South Africa’s best-known vineyards, Rupert & Rothschild and L’Ormarins as well as the Franschhoek Motor Museum which houses his personal collection of over 200 antique vehicles.

Nicky Oppenheimer & Family, $6.7 billion
South African, Diamonds

Oppenheimer cashed out of the diamond business in July 2012 when he disposed of his family’s 40% stake in his family’s diamond business, De Beers to Anglo American for $5.1 billion in an all-cash deal that marked the end of the Oppenheimer family’s multi-decade control of the diamond company. His E. Oppenheimer & Son entity controls investment arms Stockdale Street Capital and Tana Africa Capital, a joint venture with Singapore government-owned investment firm Temasek. Tana holds minority interests in African food manufacturers Promasidor and Regina Co.

Christoffel Wiese, $6.3 billion
South African, Retail

Wiese, a South African retail mogul, owns a 15% stake in Shoprite Holdings, a chain of low-price supermarkets with a presence across multiple African countries. He also owns a large stake in Pepkor, a private company that owns seven different discount fashion brands.  His other assets include Lanzerac Manor & Winery, a five-star hotel and a significant shareholding in Brait, a private equity firm.

Nassef Sawiris, $6.3 billion
Egyptian, Construction

Sawiris, Egypt’s richest man is the CEO of Orascom Construction Industries (OCI), the country’s most valuable publicly-traded company. He plans to separate OCI’s construction unit from its chemicals and fertilizers business, and list the newly formed Orascom Construction in Egypt and the UAE in the first quarter of 2015. He also sealed a partnership last November with Abu Dhabi’s International Petroleum Investment Co. to develop a coal-based power plant in Egypt.