African business tycoons own businesses almost across Africa and the world as well which most of them are labeled with a political affiliation.
These billion dollars businessmen have a great power to influence their respective government.
Some of the business tycoons we are about to name are presidents, kings, and queens in their respective countries. Others are simply good businessmen and women who inherited their relatives properties and others even do not hold any powerful office in government.
Now let’s take a look at these powerful tycoons in Africa known to be rich families.
9.The Chandaria Family(Kenya)
Manu Chandaria is among the richest men in Africa. His family owns the Comcraft Group, a conglomerate with presence in more than 40 countries. An estimation by Forbes magazine saw comcraft to be worth US$2.5 billion as at the year 2011.The Chandarian Group is run by Chandaria and his sons Neer and Darshan.
Also, the family has invested in mining, real estate and vehicle manufacturing.
8.The Kenyatta Family(Kenya)
The number 8th position is the Kenyatta family who has made significant investments in hospitality, dairy, media and banking industries both in Kenya and abroad.
Some of the companies owned by the powerful family include Brookside Dairy, Heritage Hotels, and MediaMax Group. They also reportedly hold shares in Commercial Bank of Africa (CBA). This family as of now have an unknown net-worth.
7.The Mansour family(Egypt)
Mohammed Mansour owns the Mansour Group conglomerate, also the sole distributor of Caterpillar equipment, GM vehicles and McDonald’s franchises in Egypt.The family also owns businesses outside the country.
Forbes estimation saw the Mansour conglomerate to be worth US$ 2.7 billion and is ranked as the third richest person in Egypt. His brothers Youssef and Yasseen Mansour are also among the richest people in the country with estimated net worth of US$1.8 billion and US$1.1 billion respectively.
6. The Tinubu family
Bola Ahmed Tinubu is the head of the Tinubu family. He owns a long list of properties in Lagos and Abuja including one on the Banana Island.
Tinubu is also the former Lagos State Governor with powerful political skills.According to Forbes Tinubu family worth staggers at US$2.7 billion.
5.The Rupert family(South Africa)
The Rupert family has been considered to be one of the wealthiest and most influential families in the world since 2015. They are the owners of luxury brands like the Cartier, Mont Blanc, and Dunhill.
Reports indicate that the family has invested heavily in the beverages industry in South Africa.
4.The Mohammed VI family(Morocco)
Mohammed VI is the King of Morocco and the richest man in the country. Together with his family, they own majority stakes in the Société Nationale d’Investissement (SNI).
Mohammed VI was estimated by Forbes to be worth US$5.7 billion in 2015.
3.The Sawiris family(Egypt)
Onsi Sawiris and his sons Naguib, Nassef and Samih have joined the league of the richest and most powerful people in Africa today.
The family owns Orascom conglomerate that spans telecommunications, construction, tourism, industries and technology.
Onsi Sawiris’ net worth is estimated by Forbes at US$1.2 billion. His sons Nassef Sawiris and Naguib Sawiris are ranked as the top two richest people in Egypt with net worth estimated at US$5.6 and US$3.9 respectively.
2.The Dos Santos family(Angola)
The dos Santos family have invested greatly in real estate, banking, petroleum, cement, media, retail and a few other areas. Most of the businesses are mostly owned by José Eduardo dos Santos, the 75-year-old Angolan president, who has been in power for 37 years.
The commonly recognize wealthier woman in Africa Isabel Dos Santos comes from this family.But their net worth currently is unknown.
- The Dangote family(Nigeria)
Aliko Dangote is no newcomer in this list. He has been the giant in business in Africa and severally recognizes by Forbes as the richest man in Africa.
Dangote owns the Dangote Group, a multi-billion dollar conglomerate that specializes in commodities and has the presence in Nigeria and other African countries including Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Zambia, and Tanzania. Forbes estimated his net worth at US$12.5 billion.