Mohammed Al Amoudi: $8.4 billion
Mohammed Al Amoudi (not pictured) lives in Jeddah, Saudi Arabia. Here, people walk on a central street in the heart of Jeddah historic center.
Mohammed Hussein Al Amoudi, 71, moved from Ethiopia to Saudi Arabia when he was 19, and began amassing his fortune from government-contracts in real estate and construction, according to Bloomberg. Now, the father of eight owns businesses across multiple industries, including oil, mining and agriculture, in Saudi Arabia, Ethiopia and Sweeden.
Aliko Dangote: $12.2 billion
Halima and Aliko Dangote.
The wealthiest man in Africa is Nigerian Aliko Dangote, 60, who has been CEO and president of Dangote Group for 35 years. The majority of his fortune comes from a more than 90% stake in Dangote Cement, Africa’s largest producer of cement, which is traded on the Nigerian Stock Exchange. He is also an active philanthropist, serving as chairman of The Dangote Foundation, which focuses on education, agriculture, and health-related initiatives.
