In this article, Catalystng.com will talk about the top 20 richest billionaires in Africa as of March 2026 that you all need to know.
Forbes recently released its official list of 23 African billionaires who rank among the continent’s top 20 richest individuals.
Aliko Dangote remains the richest person in Africa with an estimated net worth of $28.5 billion. His fortune grew by $4.6 billion this year after shares of Dangote Cement surged by nearly 69% since last March. The company also doubled its profits in 2025, reaching a record ₦1 trillion. Dangote, who plans to list the Dangote Refinery on the stock market later this year, recently announced a $400 million deal with a Chinese machinery company aimed at accelerating plans to double the refinery’s capacity by 2029.
The biggest wealth increase came from Abdulsamad Rabiu, whose net worth jumped by 120%—about $6.1 billion—to reach $11.2 billion. This rise moved him to third place among Africa’s richest, up from sixth last year, just behind luxury goods billionaire Johann Rupert, who is worth $16.1 billion. Shares of Rabiu’s largest asset, BUA Cement, soared 135%, outperforming the Nigerian Exchange Limited, which climbed 81% over the past year as listed companies posted record profits and the government required pension fund administrators to increase equity investments.
Another major gainer is Michiel Le Roux, founder of Capitec Bank, whose net worth rose to $3.8 billion. Shares of the bank increased 57%, outperforming the Johannesburg Stock Exchange, which gained 45% over the same period as gold and platinum prices climbed to new highs.
The only African billionaire whose fortune remained largely unchanged this year is Nassef Sawiris, with an estimated net worth of $9.6 billion. The Egyptian investor holds a stake in the English Premier League club Aston Villa F.C. and also owns about 6% of Adidas, where he is expected to become chairman following the company’s shareholder meeting in May.
Below is the list of the top 20 richest billionaires in Africa for the year 2026;
1. Aliko Dangote – $28.5B Net Worth
Aliko Dangote, Africa’s richest man, continues to stand out as one of the continent’s most influential business figures. The Nigerian billionaire is the founder and chairman of Dangote Cement, the largest cement producer in Africa. Through his holding company, Dangote owns about 85 percent of the publicly traded cement giant, which has a production capacity of 48.6 million metric tons annually and operates in 10 African countries.
Beyond cement, Dangote has expanded his business empire into other sectors. After several years of development, his massive fertilizer facility in Nigeria began operations in March 2022, marking a major milestone in the country’s agricultural and industrial sectors.
Another landmark project is the Dangote Refinery, one of the largest oil refineries in the world. Construction on the refinery started in 2016, and the facility eventually began refining operations in early 2024, a development expected to significantly impact Nigeria’s energy landscape.
Dangote, who is 68 years old, built his fortune from industries such as cement and sugar and is widely regarded as a self-made billionaire. He resides in Lagos, Nigeria, is divorced, and has three children. He earned a Bachelor’s degree from Al-Azhar University.
Over the years, the billionaire businessman has also shared insights on success and investment. In one of his well-known remarks, he said Nigeria remains “one of the best-kept secrets,” adding that many foreign investors are waiting for the perfect time to invest, but according to him, “there is no right time.” He has also encouraged excellence, famously stating that in whatever one chooses to do, they should strive to be the best.
2. Johann Rupert & family – $16.1B Net Worth
Johann Rupert, a South African billionaire businessman, serves as the chairman of the Swiss luxury goods company Compagnie Financiere Richemont, widely known for prestigious brands such as Cartier and Montblanc.
Richemont was established in 1998 following a spinoff of assets from Rembrandt Group Limited, now known as Remgro Limited, a company originally founded in the 1940s by Rupert’s father, Anton Rupert.
In addition to his leadership at Richemont, Rupert holds a 7 percent stake in the diversified investment firm Remgro, which he also chairs. He also owns about 26 percent of Reinet, an investment holding company headquartered in Luxembourg.
Rupert has also been outspoken on environmental issues. He has strongly opposed plans to allow fracking in the Karoo, a vast region in South Africa where he owns land.
At 75, Rupert’s wealth largely comes from the luxury goods industry. He resides in Cape Town, South Africa, is married, and has three children.
He was also an investor in the Saracens English rugby team and in Anthonij Rupert Wines, a wine brand named after his late brother.
3. Abdulsamad Rabiu – $11.2B Net Worth
Abdulsamad Rabiu, a Nigerian billionaire businessman, is the founder of BUA Group, a major conglomerate involved in cement production, sugar refining, and real estate.
In January 2020, Rabiu merged his privately owned Obu Cement company with the publicly listed Cement Company of Northern Nigeria, which he also controlled. The merger created BUA Cement Plc, now listed on the Nigerian Exchange, where Rabiu holds about 98.2 percent ownership. He also owns roughly 95 percent of BUA Foods, a publicly traded food manufacturing company.
Rabiu began his entrepreneurial journey in 1988 when he established a business focused on importing iron, steel, and chemicals. The son of a businessman, he also inherited land from his father, which later contributed to the growth of his business empire.
According to the 2026 Forbes rankings, Rabiu is listed among the world’s billionaires and ranks as the third richest person in Africa.
Now 65 years old, Rabiu’s wealth primarily comes from the cement and sugar industries. He resides in Lagos, Nigeria, and is married.
Beyond business, Rabiu is also known for his philanthropic work through the Abdul Samad Rabiu Initiative, a foundation that supports education, healthcare, and social development projects across Africa.
Watch the moment he donated N30billion to his well-deserving staff as of December 2025 below;
4. Nicky Oppenheimer & family – $10.6B Net Worth
Nicky Oppenheimer, heir to the De Beers diamond fortune, remains one of Africa’s most prominent billionaires. The South African businessman sold his 40 percent stake in De Beers to mining giant Anglo American for $5.1 billion in cash in 2012.
Oppenheimer represented the third generation of his family to lead the famous diamond company and played a key role in taking De Beers private in 2001. For about 85 years, the Oppenheimer family maintained a dominant position in the global diamond trade until the 2012 sale.
In 2014, Oppenheimer expanded into the aviation sector by launching Fireblade Aviation in Johannesburg, a company that provides charter flight services.
Beyond business, he is also known for his strong interest in conservation. Oppenheimer owns at least 720 square miles of protected land spread across South Africa, Botswana, Zimbabwe, and Mozambique.
According to the 2026 Forbes rankings, Oppenheimer is listed among the world’s billionaires and ranks as the fourth richest person in Africa.
Now 80 years old, his wealth largely stems from the diamond industry. He resides in Johannesburg, South Africa, is married, and has one child. Oppenheimer studied at Christ Church, Oxford University, where he earned both a Bachelor’s degree and a Master of Arts.
During the Covid-19 pandemic, he also made a significant philanthropic contribution, donating more than $110 million to support small businesses in South Africa.
5. Nassef Sawiris – $9.6B Net Worth
Nassef Sawiris, an Egyptian investor and member of the country’s wealthiest family, is among Africa’s leading billionaires. His brothers, Naguib and Samih Sawiris, are also prominent billionaires with extensive business interests.
In December 2020, Sawiris acquired a 5 percent stake in Madison Square Garden Sports, the New York-listed company that owns the NBA’s New York Knicks and the NHL’s New York Rangers.
He also runs OCI, one of the world’s largest nitrogen fertilizer producers, with major plants located in Texas and Iowa. The company is listed on the Euronext Amsterdam exchange. Another key business linked to him is Orascom Construction, an engineering and construction company that trades on both the Cairo Exchange and Nasdaq Dubai.
Sawiris also holds a nearly 6 percent stake in the German sportswear giant Adidas. In the sports sector, he partnered with Fortress Investment Group’s Wes Edens to acquire the English Premier League football club Aston Villa.
According to the 2026 Forbes rankings, Sawiris is listed among the world’s billionaires and ranks as the fifth richest person in Africa.
The 65-year-old businessman built his wealth through construction and investments. He resides in Cairo, Egypt, is married, and has four children. Sawiris earned a Bachelor’s degree from the University of Chicago.
In 2019, he pledged $24 million to his alma mater, the University of Chicago, to support Egyptian students and fund an executive education program.
6. Mike Adenuga – $6.5B Net Worth
Mike Adenuga, Nigeria’s third richest man, built his fortune through investments in telecommunications and oil production. The billionaire businessman is the founder of Globacom, one of Nigeria’s leading mobile network providers.
Globacom is the third-largest telecom operator in Nigeria, serving more than 17 million subscribers. The company also developed Glo-1, a 6,100-mile submarine internet cable that connects Nigeria to the United Kingdom through Ghana and Portugal, significantly improving internet connectivity in the region.
Beyond telecommunications, Adenuga has major interests in the oil and gas sector. His exploration company, Conoil Producing, operates six oil blocks in the Niger Delta. He also owns 74 percent of the publicly traded petroleum company Conoil, as well as just under 6 percent of Sterling Financial Holdings, a Nigerian banking group.
Now 72 years old, Adenuga is considered a self-made billionaire whose wealth comes mainly from telecom and oil businesses. He resides in Lagos, Nigeria, is married, and has seven children. He earned a Master of Business Administration from Pace University in New York.
During his time as a student in the United States, Adenuga reportedly supported himself by working as a taxi driver while completing his MBA studies.
7. Naguib Sawiris – $5.6B Net Worth
Naguib Sawiris, a member of Egypt’s wealthiest family, is one of Africa’s notable billionaires. His brothers, Nassef and Samih Sawiris, are also prominent billionaires with extensive business interests.
Sawiris built much of his fortune in the telecommunications sector. In 2011, he sold Orascom Telecom to Russian telecom company VimpelCom, now known as Veon, in a multibillion-dollar deal that significantly boosted his wealth.
He currently serves as chairman of Orascom TMT Investments, a company with stakes in several businesses, including an asset management firm in Egypt and the Italian internet company Italiaonline.
Beyond telecommunications, Sawiris has also ventured into luxury tourism. He developed Silversands, a high-end resort located on the Caribbean island of Grenada.
According to the 2026 Forbes rankings, Sawiris is listed among the world’s billionaires and ranks as the seventh richest person in Africa.
The 71-year-old businessman resides in Cairo, Egypt. He is married and has four children. Sawiris studied at the Swiss Federal Institute of Technology, where he earned both a Bachelor’s degree and a Master of Science.
He has also been active in politics, helping to establish the Free Egyptians Party, a liberal political movement formed during the early stages of Egypt’s 2011 uprising.
8. Patrice Motsepe – $4.3B Net Worth
South African billionaire businessman Patrice Motsepe, founder and chairman of African Rainbow Minerals, made history in 2008 when he became the first Black African to appear on the Forbes billionaires list.
Motsepe built his fortune through mining and later expanded his investments across different sectors. In 2016, he launched African Rainbow Capital, a private equity firm focused on investing in businesses across the African continent.
In addition to his mining interests, Motsepe holds a stake in Sanlam, a publicly listed financial services company. He is also widely known in the sports world as the president and owner of the South African football club Mamelodi Sundowns.
In March 2021, Motsepe was elected president of the Confederation of African Football (CAF), the governing body for football across the continent.
Before venturing into mining, Motsepe had a legal career. In 1994, he became the first Black partner at the Johannesburg law firm Bowman Gilfillan. Shortly afterward, he left the legal profession to start a mining services contracting business.
His breakthrough in mining came in 1997 when he acquired several low-producing gold mine shafts and successfully turned them into profitable operations.
According to the 2026 Forbes rankings, Motsepe is listed among the world’s billionaires and ranks as the eighth richest person in Africa.
The 64-year-old businessman resides in Johannesburg, South Africa. He is married and has three children.
Motsepe is also known for his philanthropy. In 2013, he became the first African to sign the Giving Pledge created by Bill Gates and Warren Buffett, committing to donate at least half of his wealth to charitable causes.
9. Mohamed Mansour – $4B Net Worth
Mohamed Mansour, an Egyptian-born billionaire businessman, oversees the Mansour Group, a family conglomerate founded by his father, Loutfy Mansour, in 1952. Today, the group employs about 60,000 people and operates across several sectors.
Mansour played a key role in expanding the company’s global partnerships. In 1975, he established General Motors dealerships in Egypt, which later grew to become one of the automobile giant’s largest distribution networks worldwide. The Mansour Group also holds exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries.
In addition to his business career, Mansour has also been involved in public service. He served as Egypt’s Minister of Transportation from 2006 to 2009 during the administration of former president Hosni Mubarak.
The businessman shares ownership of the family conglomerate with his brothers, Yasseen and Youssef Mansour, who are also billionaires. His son, Loutfy Mansour, currently leads the group’s private equity arm, Man Capital.
According to the 2026 Forbes rankings, Mohamed Mansour is listed among the world’s billionaires and ranks as the ninth richest person in Africa.
Now 78 years old, Mansour has both Egyptian and British citizenship and resides in London, United Kingdom. He is married and has two children. He studied in the United States, earning a Bachelor of Science from North Carolina State University and an MBA from Auburn University.
The Mansour family’s business history includes major challenges. In 1964, Mansour’s father lost his fortune when Egypt’s then president, Gamal Abdel Nasser, nationalised his cotton trading company.
10. Michiel Le Roux – $3.8B Net Worth
South African businessman Michiel Le Roux is the founder of Capitec Bank, one of the country’s leading retail banks. He established the financial institution in 2001 and currently owns about 11 percent of the company’s shares.
Capitec Bank, which is listed on the Johannesburg Stock Exchange, focuses on providing banking services to South Africa’s growing middle class. Since its launch, the bank has expanded significantly and now operates more than 800 branches with over 15,000 employees.
Le Roux served as chairman of Capitec Bank’s board from 2007 to 2016 and continues to play a role in the company as a board member.
Before founding Capitec, he led Boland Bank, a small regional bank located in the rural areas around Cape Town.
According to the 2026 Forbes rankings, Le Roux is listed among the world’s billionaires and ranks as the tenth richest person in Africa.
The 76-year-old banker resides in Stellenbosch, South Africa. He is married and built his wealth through the banking sector. Le Roux studied at the University of Stellenbosch, where he earned a Bachelor of Commerce degree and later obtained a law degree (LLB).
11. Koos Bekker – $3.6B Net Worth
South African businessman Koos Bekker is widely credited with transforming Naspers from a traditional newspaper publisher into a global e-commerce investor and cable television powerhouse.
During his tenure at the company, Bekker made one of the most successful venture investments in history. In 2001, Naspers paid about $34 million to acquire a one-third stake in Chinese internet giant Tencent Holdings. The investment later became one of the company’s most valuable assets.
In 2019, Naspers restructured part of its business by listing some of its assets in two publicly traded companies. These included the entertainment company MultiChoice Group and Prosus, which holds Naspers’ stake in Tencent. Over the years, Naspers has gradually reduced its holdings in Tencent and now owns less than 25 percent of the company.
Bekker stepped down as chief executive officer of Naspers in March 2014 but returned to the company in April 2015 as chairman.
According to the 2026 Forbes rankings, Bekker is listed among the world’s billionaires and ranks as the eleventh richest person in Africa.
The 73-year-old businessman resides in Cape Town, South Africa. He is married and has two children. Bekker studied law at the University of the Witwatersrand and later earned a Master of Business Administration from Columbia Business School.
Outside of business, Bekker owns the historic Babylonstoren estate in South Africa’s Western Cape region. The nearly 600-acre property features architecture dating back to 1690 and includes a working farm, orchard, vineyard, and hospitality facilities.
12. Issad Rebrab & family – $3.6B Net Worth
Algerian businessman Isaad Rebrab is the founder of Cevital, the largest privately owned company in Algeria. He led the conglomerate as chief executive officer for more than five decades before handing over leadership to his son, Malik Rebrab, who was appointed CEO in July 2022.
Cevital operates across several industries and owns one of the world’s largest sugar refineries, with the capacity to produce about two million tons of sugar annually. The group has also expanded into international markets, acquiring European companies such as French home appliance manufacturer Groupe Brandt and Spanish aluminum firm Alas Iberia.
Rebrab’s career has also been marked by legal challenges. In 2019, he was jailed on corruption-related charges and spent eight months in detention before being released on January 1, 2020. The billionaire has consistently denied any wrongdoing.
In May 2023, an Algerian court ruled that Rebrab should no longer carry out commercial or management duties within Cevital.
According to the 2026 Forbes rankings, Rebrab is listed among the world’s billionaires and ranks among Africa’s wealthiest individuals.
The 82-year-old businessman resides in Algiers, Algeria. He is married and has five children, and his wealth largely stems from the food and industrial sectors.
Rebrab also comes from a family with deep historical roots in Algeria, as his parents were militants who fought for the country’s independence from France.
13. Jannie Mouton & family – $2.7B Net Worth
Johannes “Jannie” Mouton, often referred to as the “Buddha Buffett,” is the founder of PSG Group, a publicly listed investment holding company with interests in financial services, banking, private equity, agriculture, and education.
Mouton established PSG Group after a major turning point in his career. At the age of 48, he was dismissed by his partners at the stockbroking firm Senekal, Mouton & Kitshoff, a company he had co-founded. The experience later inspired the 2011 book “And Then They Fired Me,” which chronicles how he went on to build PSG Group into a successful investment company.
Today, the business remains closely tied to his family. Both of his sons serve on the board of PSG Group, with his son Piet Mouton currently serving as the company’s chief executive officer.
According to the 2026 Forbes rankings, Mouton is listed among the world’s billionaires and ranks as the 13th richest person in Africa.
The 79-year-old businessman resides in Stellenbosch, South Africa. He built his wealth through financial services and investments. Mouton is widowed and has two children.
14. Mohammed Dewji – $2.1B Net Worth
Mohammed Dewji is the chief executive officer of METL, a major Tanzanian conglomerate originally founded by his father in the 1970s. Under his leadership, the company has expanded into several sectors including textile manufacturing, flour milling, beverages, and edible oils.
METL operates across multiple regions of Africa, with business activities in eastern, southern, and central Africa. In addition to Tanzania, the conglomerate has operations in about 10 African countries, including Uganda, Ethiopia, and Kenya.
Dewji is currently Tanzania’s only billionaire and is widely recognized for both his business success and philanthropic efforts. In 2016, he signed the Giving Pledge, committing to donate at least half of his fortune to charitable causes.
In October 2018, Dewji made international headlines after he was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania. He was released after being held captive for nine days.
According to the 2026 Forbes rankings, Dewji is listed among the world’s billionaires and ranks as the 14th richest person in Africa.
The 50-year-old businessman resides in Dar es Salaam. He is married with three children and built his wealth through a diversified business empire.
Before focusing fully on business, Dewji was also involved in politics. He served two terms as a member of Tanzania’s parliament before retiring from the position in early 2015.
15. Strive Masiyiwa – $2.1B
Zimbabwean billionaire Strive Masiyiwa rose to prominence after overcoming years of government resistance to establish the mobile telecommunications company Econet Wireless Zimbabwe in 1998.
Masiyiwa owns about 38 percent of the publicly traded Econet Wireless Zimbabwe, which forms part of his broader Econet Group. He also holds roughly 33 percent of EcoCash, a mobile money transfer platform that has become widely used across Zimbabwe.
Beyond telecommunications, Masiyiwa has investments in several technology and infrastructure businesses. He holds a stake in Liquid Intelligent Technologies, a private company that provides fiber-optic and cloud-based services to telecommunications firms across Africa. His investment portfolio also includes stakes in fintech companies, power distribution firms across the continent, and stock options in Netflix, where he has served as a board member since December 2020.
Together with his wife, Tsitsi Masiyiwa, he founded the Higherlife Foundation, a charitable organization that supports orphaned and disadvantaged children in countries including Zimbabwe, South Africa, Burundi, and Lesotho.
According to the 2026 Forbes rankings, Masiyiwa is listed among the world’s billionaires and ranks among Africa’s wealthiest individuals.
The 65-year-old businessman resides in London, United Kingdom. He is married and has six children. Masiyiwa studied engineering at the University of Wales, earning a Bachelor of Engineering degree.
After completing his studies in the United Kingdom, he briefly worked at Zimbabwe’s state-owned telecommunications company, ZPTC, before eventually launching his own telecom enterprise.
16. Christoffel Wiese – $1.9B Net Worth
South African businessman Christoffel Wiese built his fortune by developing the Pepkor retail empire, a chain known for offering low-priced goods to consumers across South Africa before expanding into other African markets.
In 2015, furniture retailer Steinhoff International acquired Pepkor in a deal valued at about $5.7 billion in cash and stock. Wiese later served as chairman of Steinhoff but stepped down in December 2017 after the company revealed accounting irregularities that caused its share price to collapse, leading him to temporarily lose his billionaire status.
Wiese regained his fortune in 2022 after reaching a settlement in his dispute with Steinhoff. The agreement included cash and stock compensation, as well as a 5 percent stake in Pepkor.
His most valuable investment today is in the retail giant Shoprite. He also holds stakes in several other companies, including real estate firm Collins Property Group, investment holding company Brait, and industrial products distributor Invicta Holdings.
In March 2023, Brait spun off food manufacturer Premier Group through an initial public offering on the Johannesburg Stock Exchange, with Wiese retaining about 47 percent of the company’s shares.
According to the 2026 Forbes rankings, Wiese is listed among the world’s billionaires and ranks as the 16th richest person in Africa.
The 84-year-old businessman resides in Cape Town, South Africa. He is married with three children. Wiese studied at Stellenbosch University, where he earned both a Bachelor’s degree and a law degree.
He grew up in a family with business interests, as his father owned a sheep and cattle farm as well as a car dealership.
17. Youssef Mansour – $1.8B Net Worth
Youssef Mansour serves as chairman of the Mansour Group, a major family-owned conglomerate founded in 1952 by his father, Loutfy Mansour. The company has grown into one of the largest business groups in Egypt with interests across several sectors.
The Mansour Group holds exclusive distribution rights for General Motors vehicles and Caterpillar equipment in Egypt and several other countries. Within the conglomerate, Youssef Mansour oversees the consumer goods division, which includes the Metro supermarket chain and the exclusive distribution of L’Oréal products in Egypt.
The business remains a family enterprise, with his younger brothers Mohamed and Yasseen Mansour also serving as billionaires and part owners of the Mansour Group.
According to the 2026 Forbes rankings, Youssef Mansour is listed among the world’s billionaires and ranks as the 17th richest person in Africa.
The 80-year-old businessman resides in Cairo, Egypt. He is married and has five children. Mansour studied in the United States, earning a Bachelor of Science in Engineering from North Carolina State University and later obtaining a Master of Business Administration from Auburn University.
The Mansour family’s business history faced a major setback in the past, when former Egyptian president Gamal Abdel Nasser nationalized their father’s original cotton trading business.
18. Othman Benjelloun & family – $1.7B Net Worth
Othman Benjelloun is the chief executive officer of BMCE Bank of Africa, a major financial institution with assets exceeding $12 billion and operations across West, Central, and East Africa.
The Moroccan billionaire expanded his family’s business legacy after his father held shares in RMA, a Moroccan insurance company. Benjelloun later developed the firm into one of the country’s leading insurance providers.
Through his holding company, FinanceCom, he also holds a stake in the Moroccan subsidiary of French telecommunications company Orange. FinanceCom, which largely operates under the name O Capital Group, is involved in several large-scale investment projects.
In 2014, Benjelloun launched a $500 million project to construct the 55-story Mohammed VI Tower in Rabat, one of the tallest buildings in Africa. His investment group is also part of a major initiative to develop a multibillion-dollar technology city in Tangier that is expected to host about 200 Chinese companies.
According to the 2026 Forbes rankings, Benjelloun is listed among the world’s billionaires and ranks as the 18th richest person in Africa.
The 93-year-old businessman resides in Casablanca, Morocco. He is married with two children and built his wealth primarily through banking and insurance.
Benjelloun studied at the École Polytechnique de Lausanne in Switzerland. He is also known to co-own Ranch Adarouch, one of the largest cattle breeding operations in Africa.
19. Aziz Akhannouch & family – $1.6B Net Worth
Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar Moroccan conglomerate originally founded in 1932 by his father and business partner Ahmed Wakrim. The company has grown into a major player in Morocco’s energy sector, with interests in petroleum, gas, and chemicals through publicly traded companies Afriquia Gaz and Maghreb Oxygene.
Beyond business, Akhannouch is also a prominent political figure. In September 2021, he was appointed Prime Minister of Morocco.
According to the 2026 Forbes rankings, Akhannouch is listed among the world’s billionaires and ranks as the 19th richest person in Africa.
The 65-year-old businessman resides in Casablanca, Morocco. He is married with three children and built his wealth through investments in the petroleum and diversified business sectors. Akhannouch earned a Master of Business Administration from the Université de Sherbrooke in Canada.
His wife, Salwa Idrissi, is also a successful entrepreneur. She runs her own company that holds franchise rights in Morocco for international brands such as Gap, Gucci, and Ralph Lauren.
20. Yasseen Mansour – $1.4B Net Worth
Yasseen Mansour is a shareholder in the Mansour Group, a major family-owned conglomerate founded in 1952 by his father, Loutfy Mansour. The company has grown into one of Egypt’s largest business groups with interests spanning several industries.
Mansour Group holds exclusive distribution rights for General Motors vehicles and Caterpillar equipment in Egypt and several other countries. The business is jointly owned by members of the Mansour family, including Yasseen’s brothers Mohamed and Youssef Mansour, who are also billionaires.
In addition to his role within the family conglomerate, Yasseen Mansour serves as chairman of Palm Hills Developments, one of Egypt’s leading real estate development companies.
According to the 2026 Forbes rankings, Mansour is listed among the world’s billionaires and ranks as the 20th richest person in Africa.
The 64-year-old businessman resides in Cairo, Egypt. He is married and has four children. Mansour earned a Bachelor’s degree from George Washington University in the United States.
The Mansour Group also holds several international franchise and distribution rights, including being the sole franchisee of McDonald’s in Egypt and the distributor of Gauloises cigarettes.
21. Samih Sawiris – $1.4B Net Worth
Samih Sawiris is the middle son of Egypt’s wealthiest family and the founder and chairman of Orascom Development Holding, a company that develops and operates resorts and tourism projects in countries such as Egypt, Montenegro, and Switzerland.
He is part of the influential Sawiris business family. His brothers, Nassef and Naguib Sawiris, are also billionaires, while his son, Naguib Samih Sawiris, currently serves as chairman of the board of Orascom Development.
Along with his brothers, Sawiris also holds a stake in the publicly traded Orascom Construction, a company originally established by their father in 1950.
Beyond business, Sawiris is involved in philanthropic efforts. He is a founder and board member of the Sawiris Foundation for Social Development, an organization that focuses on creating sustainable job opportunities and improving living conditions for people in Egypt.
According to the 2026 Forbes rankings, Sawiris is listed among the world’s billionaires and ranks among Africa’s wealthiest individuals.
The 69-year-old businessman resides in Cairo, Egypt. He is married and built his wealth mainly through investments in real estate and the hospitality sector. Sawiris studied at the Technical University of Berlin, where he earned his degree.
22. Femi Otedola – $1.3B Net Worth
Nigerian businessman Femi Otedola built his initial fortune in commodities trading before later shifting his focus to the energy sector. The billionaire investor was chairman of Geregu Power, a power generation company in which he owns more than 70 percent of the shares.
Between 2022 and 2023, Otedola reduced a stake in Geregu Power that had previously exceeded 95 percent in order to bring in institutional investors. The company’s investors now include the Nigerian government, the Afrexim Fund for Export Development in Africa, and China’s State Grid Corporation.
According to the latest Forbes assessment of Africa’s billionaires, only four members of the 23-person list are poorer than they were a year ago. Among them is Moroccan real estate mogul Anas Sefrioui, whose wealth declined by about $300 million after shares of his company, Group Addoha, dropped by more than 30 percent.
Sefrioui now ties with Otedola as the “poorest” billionaire in Africa, based on Forbes estimates. Otedola reportedly lost about $200 million after selling the majority of his stake in Geregu Power at a discount to the company’s market price. Both men are currently estimated to have a net worth of about $1.3 billion.
Beyond his business ventures, Otedola is also known for his high-profile family and lifestyle. His daughter, Florence Otedola, is a professional DJ popularly known as DJ Cuppy. The billionaire also owns luxury properties in Lagos, Dubai, London, and Monaco, and holds shares in major Nigerian financial institutions including Zenith Bank and FBN Holdings.
23. Anas Sefrioui & family – $1.3B Net Worth
Anas Sefrioui is the founder and chief executive officer of Groupe Addoha, a publicly listed Moroccan homebuilding company that has grown significantly through government housing contracts.
The Moroccan billionaire built his fortune by developing affordable housing projects across the country, a sector that has played a major role in addressing Morocco’s housing needs.
His daughter, Kenza Sefrioui, also plays a key role in the business and currently serves as the company’s deputy chairman.
According to the 2026 Forbes rankings, Sefrioui is listed among the world’s billionaires and ranks as the 22nd richest person in Africa.
The 68-year-old businessman resides in Casablanca, Morocco. He is married and has three children, and his wealth primarily comes from the real estate sector.
In conclusion, net worths were calculated using stock prices and currency exchange rates from the close of business on March 1, 2026. Net worth changes were measured from Forbes’ 2025 Billionaires list, published in March 2025. To value privately held businesses, we start with estimates of revenue or profit and apply prevailing price-to-sales, price-to-earnings, or similar ratios to comparable public companies. Some list members grow richer or poorer within weeks–or days–of our measurement date. For daily updated net worths, see Forbes’ Real-Time Billionaires List.
