The Forbes Billionaires’ List: Africa’s Richest People 2021 (Part 2)

True wealth is not measured in money or status or power. It is measured in the legacy we leave behind for those we love and those we inspire. — Cesar Chavez

While some got richer by the billions, two from the 2020 list of Africa’s richest dropped below the $1 billion mark. In fact, the only two women billionaires from Africa have both fallen off the list. Forbes calculates that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below $1 billion due to lower oil prices. And Isabel dos Santos, who since 2013 has been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal. In January 2020, the attorney general of Angola charged Dos Santos with embezzlement and money laundering. The Angolan court claimed that actions taken by Dos Santos, her husband Sindika Dokolo (who died in October 2020, reportedly in a scuba diving accident) and one other associate caused the Angolan government losses of at least $1.14 billionForbes has marked Dos Santos’ frozen assets at zero. Through a spokesperson, Dos Santos declined to comment.

The 18 billionaires from Africa hail from seven different countries. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Altogether they are worth $73.8 billion, slightly more than the $73.4 billion aggregate worth of the 20 billionaires on last year’s list of Africa’s richest people. See the other list of Africa’s billionaires here starting from the tenth (10th) individual.

10.  Koos Bekker

Chinese shares make Naspers's Koos Bekker a billionaire - The Mail &  Guardian

Net worth: $2.8 billion
Rank in 2020: 11
Net worth in 2020: $2.5 billion
Origin of wealth: Media, investments
Industry: Media and entertainment
Age: 68
Country: South Africa
Residence: Cape Town
Education: Columbia Business School, Master of Business Administration; University of Witwatersrand, LLB

Koos Bekker is revered for transforming South African newspaper publisher Naspers into an eCommerce investor & cable TV powerhouse. He led Naspers to invest in Chinese Internet and media firm Tencent in 2001 — by far the most profitable of the bets he made on companies elsewhere. In 2019, Naspers put some assets into two publicly-traded companies, the entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for three years. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015.

11.  Mohamed Mansour

The profile picture of a Wikipedia Billionaire... — Corporate Headshots  London

Net worth: $2.5 billion
Rank in 2020: 7
Net worth in 2020: $3.3 billion
Origin of wealth: Diversified
Industry: Diversified
Age: 72
Country: Egypt
Residence: Cairo
Education: Auburn University, Master of Business Administration

Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. Mansour established General Motors dealerships in Egypt in 1975, later becoming one of GM’s biggest distributors worldwide. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven other African countries. He served as Egypt’s Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital.

12.  Aziz Akhannouch & Family

Aziz Akhannouch Story - Bio, Facts, Networth, Home, Family, Auto | Famous  Businessmen | SuccessStory

Net worth: $2 billion
Rank in 2020: 15
Net worth in 2020: $3.1 billion
Origin of wealth: petroleum, diversified
Industry: Diversified
Age: 60
Country: Morocco
Residence: Casablanca
Education: Universite de Sherbrooke, Master of Business Administration

Aziz Akhannouch is the majority owner of Akwa Group, a multibillion-dollar conglomerate founded by his father and a partner, Ahmed Wakrim, in 1932. It has interests in petroleum, gas and chemicals through publicly-traded Afriquia Gaz and Maghreb Oxygene. Akhannouch is Morocco’s Minister of Agriculture and Fisheries and the president of a royalist political party.

13.  Mohammed Dewji

Net worth: $1.6 billion
Rank in 2020: 16
Net worth in 2020: $1.6 billion
Origin of wealth: Diversified
Industry: Diversified
Age: 45
Country: Tanzania
Residence: Dar es Salaam

Mohammed Dewji is the CEO of MeTL, a Tanzanian conglomerate founded by his father in the 1970s. METL is active in textile manufacturing, flour milling, beverages and edible oils in eastern, southern and central Africa. METL operates in at least six African countries and has ambitions to expand to several more. Dewji, Tanzania’s only billionaire, signed the Giving Pledge in 2016, promising to donate at least half his fortune to philanthropic causes. Dewji was reportedly kidnapped at gunpoint in Dar es Salaam, Tanzania in October 2018 and released after nine days.

14.  Youssef Mansour

رجل الأعمال يوسف منصور يتبرع بـ51.5 مليون جنيه لمكافحة كورونا

Net worth: $1.5 billion
Rank in 2020: 14
Net worth in 2020: $1.9 billion
Origin of wealth: Diversified
Industry: Diversified
Age: 75
Country: Egypt
Residence: Cairo
Education: Auburn University, Master of Business Administration; North Carolina State University, Bachelor of Science in Engineering

Youssef Mansour is chairman of family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for L’Oreal in Egypt. Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group.

15.  Othman Benjelloun & Family

Transport maritime, élevage… L'autre empire d'Othman Benjelloun – Jeune  Afrique

Net worth: $1.3 billion
Rank in 2020: 17
Net worth in 2020: $1.4 billion
Origin of wealth: Banking, insurance
Industry: Finance and investments
Age: 88
Education: Ecole Polytechnique de Lausanne, Diploma

Othman Benjelloun is CEO of BMCE Bank of Africa, which has a presence in more than 20 African countries. His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun built it into a leading insurer. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. He inaugurated in 2014 a $500 million plan to build the 55-story Mohammed VI Tower in Rabat. It will be one of the tallest buildings in Africa. FinanceCom is part of a project to develop a multibillion-dollar tech city in Tangiers that is expected to host 200 Chinese companies.

16.  Michiel Le Roux

A Terrible Time To List A Bank' - Forbes Africa

Net worth: $1.2 billion
Rank in 2020: 18
Net worth in 2020: $1.3 billion
Origin of wealth: Banking
Industry: Finance and investments
Age: 71
Country: South Africa
Residence: Stellenbosch

Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. The bank, which trades on the Johannesburg Stock Exchange, targets South Africa’s emerging middle class. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. Le Roux previously ran Boland Bank, a small regional bank in Cape Town’s hinterland.

17.  Strive Masiyiwa

Strive Masiyiwa | Fortune

Net worth: $1.2 billion
Rank in 2020: 19
Net worth in 2020: $1.1 billion
Origin of wealth: Telecom
Industry: Telecom
Age: 59
Country: Zimbabwe
Residence: London
Education: University of Wales, Bachelor of Engineering

Strive Masiyiwa overcame protracted government opposition to launch mobile phone network Econet Wireless Zimbabwe in his country of birth in 1998. He owns just over 50% of the publicly-traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Masiyiwa also owns just over half of private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho.

18.  Yasseen Mansour

Yaseen Mansour Story - Bio, Facts, Networth, Home, Family, Auto | Famous  Entrepreneurs | SuccessStory

Net worth: $1.1 billion
Rank in 2020: 12
Net worth in 2020: $2.3 billion
Origin of wealth: Diversified
Industry: Diversified
Age: 59
Country: Egypt
Residence: Cairo
Education: George Washington University

Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. Mansour Group is the exclusive distributor of GM vehicles and Caterpillar equipment in Egypt and several other countries. His brothers Mohamed and Youssef are also billionaires and part owners of Mansour Group. He’s chairman of Palm Hills Developments, one of Egypt’s biggest real estate developers

culled from forbes.com