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Top 10 Richest Men in Africa - 2009

7:35 AM Posted In Edit This 0 Comments »
Top 10 Richest Men in Africa - 2009

No. 1 Mohammed Al Amoudi (Ethiopia)

World Rank No. 43 - Wealth $9 billion

We come to the top of the list and the honour of the ‘Richest Man in Africa’ goes to Ethiopian born Mohammed Al Amoudi. Saudi based Al Amoudi has successfully preserved his $9 billion fortune through these troubled times and that act of financial stewardship alone has seen him rise from No.4 to the top of the rich list and No.43 in the world. His interests are spread across

Sweden, the Middle East and his home country of Ethiopia.


No. 2 Nicky Oppenheimer & Family (South Africa)

World Rank No 98 - Wealth $5 billion

They say diamonds are forever and the Oppenheimer family proved this as they remain as a mainstay of Africa’s rich list and they have weathered the financial crisis relatively unscathed. They were aided by having sold a significant part of their Anglo American empire at the peak of the market.


No. 3 Nassef Sawiris (Egypt)

World Rank 196 - Wealth $3.1 billion

Nassef may have only dropped one position in the list but losing that one place was accompanied by a loss of $7.9 billion. His wealth has been hit by twin blows of falling valuation of his construction interest, Orascom Constructions which has dropped over 80% from its peak, and falling oil prices which have affected many of the firm’s Middle Eastern clients.


No. 4 Naguib Sawiris (Egypt)

World Rank No.205 - Wealth $3.0 billion

Last year there were three Sawiris brothers in the list Naguib, Nassef and Samih. Move forward one year, mix in a global financial crisis and only two brother are left in the billionaires club with Samih ejected. Naguib who last year was richest man in Africa has lost an eye-watering $9.7 billion over the year as the value of his telecommunications empire, Orascom Telecom Holdings crashed by close to 90% and he now finds himself nestled in fourth place on the list.


No. 5 Aliko Dangote (Nigeria)

World Rank No.261 - Wealth $2.5 billion

The Nigerian Stock Exchange was a few years ago one of the world fastest growing exchanges but it has plummeted over the last few months and with it has gone a substantial proportion of Dangote’s wealth. Despite losing over $800 million he still moves up two places as others have suffered even more painful losses.


No. 6 Mo Ibrahim (Sudan)

World Rank 334 - Wealth $2 billion

We omitted Mo Ibrahim from our list last year, with $2 billion to his name we are not going to make the same mistake twice. Mo Ibrahim made his fortune building up the CelTel mobile phone empire and selling it on to Kuwaiti investors. In recent years he is most famous for his $5 million African leadership prize.


No. 7 Onsi Sawiris (Egypt)

World Rank No.430 - Wealth $1.7 billon

In 2008 the Sawiris family were easily the richest family in Africa with father Onil and sons Naguib, Nassef and Samih boasting a combined wealth of $35.7 billion. The global crisis has seen this wealth decimated. The patriarch of the Sawiris family, Onil saw his personal wealth plunge from $9.1 billion to $1.7 billion on the back of collapse in the value of the Sawiris’s construction group, telecommunication group and leisure interests.


No.8 Patrice Motsepe (South Africa)

World Rank No.559 - Wealth $1.3 billion

Patrice Motsepe was a new entrant this time last year his mining empire benefitting from record commodity prices to make him the first black South African to make the African rich list. A year on the fall in commodity prices particularly platinum has hit him hard with his personal wealth falling $1.1 billion. Despite the fall he was still able to claw his way up one spot to No.8 on the list.


No. 9 Femi Otedola (Nigeria)

World Rank No.601 - Wealth $1.2 billon

Last year saw the debut of Aliko Dangote as the first entry from Africa’s most populous country, Nigeria in the Forbes Billionaire list. This year sees another entry, oil magnate Femi Odetola. Odetola is one of a cortège of moguls who prospered under the Nigeria last administration, others include Aliko Dangote, Jim Ovia (Zenith Bank), Michael Adenuga (Glo Telecoms) and Tony Elumelu (UBA Bank) . It would be no surprise if one of the latter three makes the list next year.


No. 9 Johann Rupert & Family (South Africa)

World Rank No.601 - Wealth $1.2 billion

It has been another bad year for the Rupert family. Once ranked No.3 on the list of richest in Africa, the family is in danger of slipping out of the list all together. The bulk of their wealth is tied into the Richemont Group, a major player in luxury goods and this is a sector that has been particularly hard hit by the global down turn. The summation of this is a fall in wealth of over $2.4 billion and a drop to No.9 in the African rich list.

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