Here’s a round-up of the richest families on the continent.
Some of the richest people on the continent are kings, queens, presidents and business moguls, but what do they all have in common (besides astronomical bank balances)?
They’re ambitious, driven and smart. According to Forbes’ Africa Rich List, these African families enjoy vast fortunes that defy comprehension.
The Dangotes (Nigeria)
As the richest man in Africa, Aliko Dangote, and by extension his family, are worth a staggering $11,3 billion (R174 billion).
Dante amassed his wealth through his cement business, which has grown to become the biggest manufacturer on the continent.
READ MORE: Dangote still Africa’s richest man despite massive losses
According to a Business Insider report, Dangote has three daughters and an adopted son.
The Oppenheimers (SA)
It’s a well-known fact that the Oppenheimers’ wealth was generated from the trade of diamonds and goes back at least three generations. Family patriarch Ernest Oppenheimer started it all with the establishment of the Anglo-American Corporation and the family also went on to run diamond company De Beers.
Ernest’s great-grandson Nicky is one of the richest men in South Africa, with a net worth of $7,6 billion (R117 billion).
The Sawiris (Egypt)
Said to be the wealthiest family in Egypt, their fortunes were predominantly gained from construction, but not without a hiccup.
Family patriarch Onsi Sawiris was forced to start from scratch after the Egyptian government nationalised his company Orascom Construction. He went on to form Orascom Construction Industries, which operates across the construction, telecommunications and tourism sectors.
Onsi’s son Naseef, who took over from his dad in 1995, has a net worth of $7 billion (R108 billion).
The Ruperts (SA)
Another household name in business circles in the country, the Ruperts have made their wealth from humble beginnings selling cigarettes from a garage to establishing the Rembrandt Tobacco Corporation.
The family would later spilt their business interests into Remgro, an investment firm with interest in several sectors, and Swiss-based luxury group Richmond.
Johann Rupert, son of Anton, is said to worth $6,5 billion (R100 billion).
The Adenugas (Nigeria)
From a taxi driver to the second-richest man in Nigeria, Mike Adenuga had already made his first million by the age of 26 by distributing Coca-Cola products and selling lace.
His major fortunes were, however, made in the telecommunications space with his mobile network Globacom and through an oil exploration company.
Adenuga is said to have eight children.