One would think Bill Gates is the richest man on this earth, because that is what the media portrays. But there other men, as well as women who are in the same categories and richer than Bill Gates, when it comes to financial wealth. And Africa, the land of kings and queens is thriving and breeding billionaires.
So, we compiled a list of the top 5 billionaires in Africa.
Let's get to it.
Starting at number 5 is, Cash King,Tony Elumelu.
Tony Elumelu is one of Africa's prominent leaders, who used his wealth to enhance and expand Africa when it comes to economics, education, social classism, entrepreneurship, medicine and more. Tony Elumelu is a hardcore investor, whose portfolio include: Transcorp, the United Bank of Africa, Nigeria's conglomerate in tradings and more. In 1997, Tony Elumelu used his leadership skills to spearhead a small group of investors like himself, to acquire Standard Trust Bank in Lagos, they rebuild the bank and helped the bank achieve its profits back. In 2005, Tony Elumelu and his team of investors, merged the bank with the United Bank for Africa and turned it into a large commercial bank.
Tony Elumelu is currently spearheading a team which consist of billionaires, political leaders and etc. to improve Africa's energy and formed the group, The African Energy Leaders Group.
Tony Elumelu networth is $1 billion dollars.
Coming in at number 4 is one of Africa's Queen, Folorunsho Alakija's.
Known as the baroness of oil, Folorunsho Alakija's, is the richest woman in Africa; and the wealthiest Black woman in the world. Folorunsho Alakija's began her journey studying fashion design in London and worked as a secretary. Using her education, skills and talents, Folorunsho Alakija created and founded her own fashion company called, Supreme Stitches. Using her company to gain notable clientele, Folorunsho Alakija became successful in the fashion trade. Due to her network of prominent leaders and socialites, Folorunsho Alakija went into the oil business and recieved an oil prospecting license in 1993. She formed and developed the company, Famfa Oil, which now owns 60% stake of the oil field in Africa.
But it didn't stop there, Folorunsho Alakija went into philantrophy creating, The Rose of Sharon Foundation, a nonprofit organization that helps widows and orphans. As a philantrophist, in 2014 Folorunsho Alakija donated $4.5 million to Nigerian's President Goodluck Jonathan's nonprofit organization, Victims Support Fund.
Folorunsho Alakija networh is $2.5 billion dollars.
Coming in at number 3, is Patrice Motsepe.
Making history as the first billionaire in Africa, Patrice Motsepe is an innovator with the Midas touch. The HKIN, "head king in charge," Patrice Motsepe built a company centering around Africa's natural resources. He is the president and CEO of African Rainbow Minerals, a trading and mining coporation that mines and refines minerals such as: coal, iron, copper, nickel, chrome, platinum, gold and more. Patrice Motsepe is also, an investor and has stake in several financial service firms and owns the Mamelodi Sundowns Football Club in Africa.
Patrice Motsepe mining business started in law, when he became the first Black partner at the Bowman Gilfillan law firm in Johannesburg. Since his rise to power and wealth, Patrice Motsepe has donated and pledged $1 million dollars to aid and assist in developing effective medication in combatting Ebola and also, in finding a cure. Patrice Motsepe was the first Black billionaire to sign Bill Gates' and Warren Buffett's Giving Pledge, where he promised to donate half of his wealth to charity.
Patrice Motsepe networth is $2.3 billion dollars.
Coming in at number 4, is Mike Adenuga.
Mike Adenuga is an oil tycoon and mobile guru. In 2003, Mike Adenuga started the Globacom coporation and has become the second largest mobile phone network company in Africa. Mike Adenuga founded and is the president of the Conoil Producing, which manufactures oil and owns 3 producing oil blocks in Africa.
Mike Adenuga studied abroad in America and went into trading. He worked for Coca Cola industries in tradings and other products.
In 2013, Mike Adenuga blessed the Nigerian team with $1 million dollars after they won the 2013 African Cup of Nations. With a generous heart, Mike Adenuga gave the team's coach an estimated, $20,000 dollars in cash and offered to pay the coaches monthly salary of $32,000. Furthering his investments and philantrophy in sports, Mike Adenuga signed a four year sponsorship deal with Nigerian Premier League (NPL), the football league in Nigeria for $16.5 million.
Mike Adenuga's networh is $4.6 billion dollars.
And coming in as the number one king of them all, is Aliko Dangote.
Aliko Dangote is Africa's wealthiest man. He is a self made billionaire, who started his kingdom with investments in cement, sugar and flour. Aliko Dangote used that as a stepping stone, to elevate himself into the oil business and became an oil guru.
In 2014, Aliko Dangote financed $9 billion dollars in a construction plan, to build a private oil refinery and fertilize petrochemical complex in Africa. In the same year, Aiko Dangote invested $1 million dollars in manufacturing rice and commerical rice farming. He also introduced plans, to improve Kenya and Niger by developing and building new businesses that will improve economics and; job placement in Africa.
Check out the comments he made below referring to his new endeavors which will benefit the people of Africa.
"We are giving back because we are creating quite a lot of jobs. We are not doing like other Africans, where most of the money is in the bank. We don't keep any money in the bank; whatever we have we fully invest and we keep on investing - and that's what we do."
Aliko Dangote owns mining companies in cement in Africa, that also developed jobs.
Aliko Dangote networth is $21.6 billion.
So, there you have it, the top 5 cash Kings and Queens of Africa. Who knew money was also black, it's like stuntin' with Obamas.