The list of the richest men in Africa was released by Forbes magazine in January 2020. There was no significant difference in the positions but there was a magnificent drop in their net worth. Two Nigerians maintained the first and second positions, with only one woman making the top 10 list while businessmen make up the whole list of 10 richest people in Africa.
Regardless of these billionaires having a business mindset, they also know how to live large. They spend a fortune on pricey apartments and luxury cars, leaving no stone unturned wherever they go. We know you would be interested in knowing what kind of automobiles wealthy people in the continent drive. Here is a list of the top 10 richest men in Africa and their cars.
10 richest men in Africa & the cars they drive (updated 2020)
Even though many people argue that Isabel dos Santos got her wealth as a result of her father's dictatorship, it still doesn't make her poor. She was the head of Angola's oil organization, Sonangol. She stepped down in 2017 when a new president took over from her dad who has been in power for decades. She also has shares in companies in Portugal and around the world. Isabel is the richest woman in Africa in 2019.
Isabel dos Santos is also a lover of luxury cars and drives a Range Rover, a 25 million naira Mercedes Benz C Class, and owns a yacht known as the Hayken.
Besides exotic cars, Isabel also owns a Hayken yacht
Isabel dos Santos is at number 10 with the net worth of $1.5 billion, which means all the persons on this list are billionaires and none are African millionairs. Impressive, isn't it?
In 2008, Africa registered its first dollar billionaire. No, it wasn't Dangote, one of the most famous African billionaires. It was Patrice Motsepe. His company, African Rainbow Minerals is popular for mining gold in South Africa and he's also the owner of the famous Mamelodi sundowns football club.
Patrice Motsepe is married with kids and drives a wide range of fancy cars like the 35 million naira Bentley Continental GT, Mercedes Benz S65 AMG, 24 million naira BMW 760 Li and Bugatti.
Cars owned by Patrice Motsepe, one of the richest men in African continent
Later in this post, you will read about Nassef at number 4 on our list of top 10 richest men in Africa and their cars? Well, Naguib Sawiris is his brother. He sold the telecommunications division of their company to Vimpelcom, a Russian firm in 2011 for trillions of naira. But he still has stakes in gold mining companies like Golden stay, Endeavour Mining, and Evolution mining. Naguib Sawiris ranks #680 among the world's 500 richest people.
Naguib Sawiris owns a yacht, 50 million naira Range Rover Sport and other fancy automobiles.
The Range Rover Sport is his everyday ride
Loufty Mansour founded the Mansour group in 1952. He died about 25 years later and left a chunk of the stake for his son, Mohamed Mansour.
The company now employs more than 58,000 workers and was pioneer distributor of General Motors cars in Egypt years after it became the biggest distributor of the brand's cars in the world.
Mohammed's brothers, Youssef and Yasseen are also billionaires but Mohammed is richer and get into this list of the richest African. He also drives the best cars.
Mohamed Mansour, his crib and car collection
Cevital, the biggest private company in Algeria is owned by Issad Rebrab and family. He founded the company that owns Groupe Brandt (a French appliance manufacturer), a water purification company in Germany, and a steel mill in Italy. Issad Rebrab is listed in Forbes' list of 5 Algerian multi-millionaires. All five of his children are employed by the company and they are planning on expanding production in Brazil.
Issad owns various cars like the BMW X series and a Bentley.
He chooses the BMW X-Series and a Bentley for his everyday rides
The Issad Rebrab estate
Anton Rupert founded the Rembrandt group in the mid-1940s in Switzerland. The company is known for making some of the world's most expensive luxury items. After a split, Anton's son, Johann Rupert became chairman of the Compagnie Financiere Richemont division, the parent company of Mont Blanc and Cartier. He also has a stake in Remgro the other split half. He is one of the richest South Africans alive and is against the oil exploration going on in his hometown, Karoo in South Africa.
Johann is also a lover of cars as he drives an 85 million naira Ferrari Lusso GT, a Porsche Cayenne, and over 185 other vintage cars in his private museum.
Johann Rupert has one of the largest collection of vintage sports cars besides latest models he drives in South Africa
The Sawiris family is the wealthiest in the whole of Egypt. But the notable names in the family are Nassef and Naguib. Nassef Sawiris is head of the OCI arm of the Orascom group. That division prides itself as the largest producer of nitrogen fertilizers in the world. They have factories in Iowa and Texas, United States of America. OCI is listed on Amsterdam stock exchange. Nassef is Adidas's largest shareholders and popular cement manufacturing company, LaFarge.
Nassef Sawiris drives some of the best cars in Egypt and Dubai like the 2019 Audi Q5.
An Audi Q5 owned by Nassef
#3. Mike Adenuga (Nigeria) - net worth of $5.9 billion ~ ₦2.3 trillion - The second richest man in Nigeria
The owner and chairman of the 3rd largest telecommunications operator in Nigeria, Globacom (GLO), is the 2nd richest man in Nigeria and fourth in Africa as a whole. Sadly, he dropped from number 2 from the top 10 richest men in Africa 2019 to land at number 3 this year.
Mike Adenuga had made a name for himself in the past in the oil sector and there were times he was the second on this list of richest Africans.
He owns Conoil filling station and over 5 oil blocks in the country's oil-rich Niger Delta region. He used to be a cab driver in the US while studying for his master's in business administration in New York. He is married and is father to controversial businessman Paddy Adenuga.
Mike Adenuga owns a private jet and drives a 35 million naira Bentley Continental GT, a Mercedes AMG G63 among other expensive cars. Among Mike Adenuga's cars, he also has a Rolls-Royce to join the league of Nigerian celebrities who drives Rolls-Royces.
Video: How rich is Mike Adenuga? All Mike Adenuga House, Private Jet, Luxuries & Company
He owns a massive mansion too
Mike Adenuga is enthusiastic about cars and jets
#2. Nicky Oppenheimer & family (South Africa) - net worth of $7.5 billion ~ ₦2.9 trillion - the Second richest man in Africa
The Oppenheimer family is known to control a huge part of South Africas wealth. The heir to the family's wealth, Nicky Oppenheimer, once had a 40% stake in DeBeers, South Africas main diamond mining firm. In mid-2012, the shares were bought for more than 1.8 trillion naira by Anglo American. But what many people don't know is that Nicky actually has a 1 percent stake in the same company he sold the shares to. A company founded in 1917 by his granddad. See? Money revolves in the family.
Nicky and his siblings own private jets, yachts, the latest Mercedes Benz Mclaren, and a 75 miillion naira BMW i3 EV.
The Nicky Oppenheimer house
Nicky being handed his brand new BMW i3 electric vehicle
#1. Aliko Dangote (Nigeria) – net worth of $8.4 billion ~ 3.3 trillion naira - The richest man in Nigeria and Africa
Aliko Dangote is the richest man in Africa and he has maintained the number one position for almost a decade. The Nigerian tycoon is the chairman and founder of the Dangote Group, the parent company of the largest cement producer in Africa - Dangote Cement. There are also other subsidiaries that produce flour, sugar, salt, and tomato paste. As the shareholder of over 87% of the company's shares, he amasses the most wealth. He used to be worth about 5 trillion naira 3 years ago.
The richest man of Africa drives some of the most expensive cars in the world, including a Bugatti Veyron ($2.2million), a Maybach 57S Knight Luxury ($1million) and a Bentley Mulsanne ($310,000). You can view Aliko Dangote's whole car collection here.
Aliko Dangote and his cars
According to GoCompare, the richest African in the world earns around ₦14.5 million per day. By a simple calculation, Aliko Dangote need just 55 days to earn enough for the cost of his ₦792 million Bugatti Veyron!
The Aliko Dangote mansion in Kano
List of 10 richest men in Africa 2020 by net worth
The table below will help you know who is the richest man in Africa, as shared by Naijauto:
|List of richest men in Africa 2020 by net worth (Forbes Africa)|
|Rank||Name||Net worth in USD||Net worth in Naira|
|#1||Aliko Dangote (Nigeria) - Richest person in Africa||$8.4 billion||₦3.3 trillion|
|#2||Nicky Oppenheimer & family (South Africa)||$7.5 billion||₦2.9 trillion|
|#3||Mike Adenuga (Nigeria)||$5.9 billion||₦2.3 trillion|
|#4||Nassef Sawiris (Egypt)||$5.8 billion||₦2.27 trillion|
|#5||Johann Rupert & family (South Africa)||$4.8 billion||₦1.9 trillion|
|#6||Issad Rebrab (Algeria)||$4.3 billion||₦1.7 trillion|
|#7||Mohamed Mansour (Egypt)||$3.3 billion||₦1.3 trillion|
|#8||Naguib Sawiris (Egypt)||$3 billion||₦1.2 trillion|
|#9||Patrice Motsepe (South Africa)||$1.5 billion||₦587 billion|
|#10||Isabel dos Santos (Angola)||$1.5 billion||₦587 billion|
Nigeria takes 2 positions in the list of 10 richest men in Africa. What do you think?
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