FORBES Rich List 2016: Africa's Top 10 Richest People – Dangote Tops The List

FORBES Rich List 2016:Africa’s Top 10 Richest People – Dangote Tops The List

According to Forbes Rich list published for 2016 ranking of the world’s billionaires, it has been discovered that the number of billionaires from Africa in the list has reduced from 28 last year to 23 at present. The 50 wealthiest people in Africa with a total net-worth of $95.6 billion as at 2015 to $15 billion currently.

This sharp decline has been orchestrated by the plunge in the prices of commodity and oil which has had its course on the economy of different countries. However, surprisingly, the shortlisted people are famous business talcum around the globe.

Read the list of Africa’s Top 10 Richest People and their source of wealth.

10. Naguib Sawiris (Egypt) $3.1 Billion

Top 10 Richest People In Africa

Naguib Sawiris

The 62 years old Egyptians and a holder of Bachelor of Arts/Science is the first to appear on Africa’s top 10 richest people and generates his major income from telecom business.

Naguib Sawiris entered the world headlines in September 2015, when he offered to buy an island from Greece or Italy to settle refugees fleeing the war in Syria. He told FORBES on September, “I am serious with my intentions”. He said ‘we have discovered two places in Greece which are suitable for the plan and have indicated interest to buy them and have also entered into negotiations with the owners’. This was contained in a statement issued by the company.

‘ Sawiris is the third son of  Orascom, the founder of Orascom Telecom Media & Technology (OTMT). The company has been recorded as the largest private employer of labor in Egypt. In North Korea, OTMT operates Koryolink, the country’s only 3G mobile telecom firm, but lost financial control over the operator due to the government’s maneuvers.

Speaking to the government of the State, Sawiris revealed that an island off Greece or Italy would cost between $10 million and $100 million. He has a net-worth of $3.1 billion.

9. Issad Rebrab (Algeria) $3.2 Billion

Isaad Rebrab is Algeria most wealthy man with a net-worth of $3.2 billion. He is the founder of Cevital Company which is till date Algeria’s largest privately held conglomerate and highest employer of labor in  the State. It is one of the world’s largest sugar refinery and produces vegetable oil and margarine.

According to Daily News, the sugar refinery project established in the Southern Province of Sri Lanka cost the billionaire not less than $15o million. Speaking to Daily News, Rebrab said “I want my businesses to help Sri Lanka be a game changer by turning around from being a sugar and vegetable oil importer to a largest exporter of both to the world.”

His sugar refinery has an annual output of 1.5 million tons. His current net-worth is $3.2 billion.

8. Isabel dos Santos (Angola) $3.2 Billion

Top richest people in Africa
The first female to appear on Africa’s top 10 richest people is the wealthiest woman in Africa and the 569th person on FORBES Rich List. Her source of income has been noted to have come from her numerous investments all over the world.
The oldest daughter of the longtime president of Angola, President Jose Eduardo dos Santos, Isabel has been accused of making her money from the father’s wealthiness. “It is not possible to justify this wealth, which is shamelessly displayed. There is no doubt that it was the father who generated such a fortune,” former Angolan prime minister, Marcolino Moco, tells FORBES. However Isabel and her representatives have declined to speak to FORBES concerning the issue.
FORBES research revealed that President Jos transferred stakes in several Angolan companies to her. Her assets in Angola include 25% of Unitel, the country’s largest mobile phone network, and a stake in a bank, Banco BIC. Also in Portugal she owns a nearly 7% chunk of oil and gas firm Galp Energia (alongside Portuguese billionaire Americo Amorim), and nearly 19% of Banco BPI, the country’s fourth-largest bank. She is also a controlling shareholder of Portuguese cable TV and telecom firm Nos SGPS (formerly called Zon).
With the information gathered by FORBES, Isabel dos Santos is an independent business woman. Her net-worth is currently $3.2 billion.

Africa's top 10 richest people

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