ADVERTISEMENT

Meet the African billionaires who made their wealth from tech

These African billionaires made much of their wealth through investing in telecommunication sector.

These are African billionaires that made their fortune from investments in technology companies.
ADVERTISEMENT

Among these 25, there are some that made their wealth thanks to technology. A large part of these individuals’ wealth is due to the revenue from their tech business.

Here are six billionaires in Africa that made most of their wealth from technology-related business(es).

1.    Mike Adenuga - Globacom, Nigeria

ADVERTISEMENT

Mike Adenuga is the second richest man in Nigeria. He is the chairman of Globacom- the second largest mobile operator in Nigeria, and most of his wealth is tied to the business. His net current worth is $5.4 billion.

2.   Isabel dos Santos – Unitel, Angola

Isabel Dos Santos is the richest woman in Africa, and daughter of the President of Angola, Jose Dos Santos. She is currently the head of Sonangol, Angola’s state oil firm.

Isabel owns 25 percent equity stake in Unitel, the largest mobile phone network in Angola, and 42 per cent in Banco BIC. She is also a shareholder of Portuguese cable TV and telecoms company, Nos SGPS.

According to Forbes Billionaires list, Isabel is currently worth $3.5 billion

ADVERTISEMENT

3.    Naguib Sawiris - Wind Telecom and Orascom Telecom Holdings, Egypt

Sawaris was the executive chairman of two telecommunication giants, Wind Telecom and Orascom Telecom Holdings before joining politics in 2011. He is currently valued $3.8 billion.

4.    Onsi Sawiris - Orascom, Egypt

Onsi is the father of Naguib and made fortune from telecommunication and construction sectors. He is the founder of Orascom group and currently valued at $1.19 billion.

5.    Othman Benjelloun - Meditelecom, Morocco

ADVERTISEMENT

Benjelloun is the richest man in Morocco. Like his father, Benjelloun made his fortune from the insurance industry. He is currently the chairman of BMCE Bank, the second largest bank in Africa.

Benjelloun has a minority stake in Meditelecom, the second largest mobile phone operator in Morocco. According to Forbes Billionaire list, Bejelloun's current net worth is $1.9 billion.

6.    Patrice Motsepe, Rain Telecom, South Africa

Patrice Motsepe is a mining magnate, but he has recently ventured into financial services and telecom to expand his business empire. He owns 20 percent stake in Rain Telecom, a fixed and mobile data network operator and is worth $1.69 billion.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

10 best airports in Africa in 2024

10 best airports in Africa in 2024

10 most expensive cities in Africa in 2024

10 most expensive cities in Africa in 2024

Illegal money changers adapt to Zimbabwe's ZiG currency rollout

Illegal money changers adapt to Zimbabwe's ZiG currency rollout

Zimbabwe's ZiG currency printing contingent on reserve sufficiency

Zimbabwe's ZiG currency printing contingent on reserve sufficiency

The global workforce is set to collapse without Africa

The global workforce is set to collapse without Africa

500 millionaires fall off in Kenya - here’s why

500 millionaires fall off in Kenya - here’s why

Top 10 African countries with the most centi-millionaires in 2024

Top 10 African countries with the most centi-millionaires in 2024

7 most influential Africans in the world 2024 -TIME

7 most influential Africans in the world 2024 -TIME

5 African countries with the least expensive freelancers

5 African countries with the least expensive freelancers

ADVERTISEMENT