With an estimated net worth of $81.8 billion, Here are Forbes’ wealthiest Africans for 2023

• ISSAD REBRAB & FAMILY

Issad Rebrab has a net worth of $4.6 billion. He founded Cevital SPA in 1998 and also serves as its Board Chairman and Chief Executive Officer. He is one of the first Algerians to go into the entrepreneurial world after independence. In 1968, he created his own office of certified public accountants. One of his clients once advised him to acquire shares in his metallurgic manufacturing company.

With the 1971 20% capital acquisition of the metallurgic manufacturing company, Sotecom, he entered the business world and established other companies in the sectors of metallurgy and steel. Rebrab carried out important investments. Since 2008, he has been Chairman of the Board of Directors of Cevital Group, which consists of 19 subsidiaries divided into 4 poles: food processing industry, automotive and services, industry, and distribution.

Cevital owns one of the largest sugar refineries in the world, with the capacity to produce 2 million tons a year. It also owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill, and a German water purification company. Rebrab has plans to build a steel mill in Brazil to produce train tracks and improve transportation logistics for sugar, corn, and soy flour exports.