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Insight & Analysis - February 6, 2022

African Billionaires with the Most Expensive Cars

Johann Rupert's Franschhoek Motor Museum houses over 200 historic automobiles, including his 63 Ferrari Lusso GT.

African billionaires make lifestyle statements in different ways, one of which is acquiring some of the most expensive cars in the world. For these high net worth individuals, these are simply worthy additions to their private jets, yachts and mansions. Besides ensuring a lifestyle that reflects their social status, they leverage their fortune to tenaciously amass wealth.

As a result, the wealthier they become, the more their spending interests expand, and they do this with all glamour.  Here is a list of the African billionaires with the most expensive cars.

Johann Rupert

This South African man is the second richest, worth $11 billion.  Rupert is the owner of the Franschhoek Motor Museum, which houses his collection of over 200 historic automobiles, including his 63 Ferrari Lusso GT.

He created the Franschhoek Motor Museum in memory of his father, a vintage vehicle lover. The museum was established in Heidelberg, Gauteng. Cars in the museum include a 1903 Model A Ford, the first Ford automobile brought into the nation, a 1925 Chevy “Superior” Tourer, and a Ferrari 2003 Enzo supercar. The Ferrari 2003 Enzo supercar is estimated to be worth $3.8 million.

Aliko Dangote

Aliko Dangote has maintained his position as the richest man in Africa for almost a decade. He is currently worth $13.9 billion. He has four of the most expensive cars in the world. The most expensive is the Bugatti Veyron, worth $2.2 million (N728 million).

Abdul Samad Rabiu

The business magnate is the fifth richest man in Africa, currently worth $7 billion. Rabiu is the founder of BUA Group, a Nigerian corporation that produces cement, refines sugar, and sells real estate. He owns four luxurious cars, of which Mercedes Benz G-Wagon is the most expensive.

The Mercedes-Benz G-Wagon is a high-end SUV produced by the German carmaker Mercedes-Benz. The SUV has a luxurious interior and exterior design, ample luggage room, high ground clearance, and a long list of other appealing aesthetics. The cost of the G-Wagon varies based on the extra features chosen by the owner. In general, the price varies from 200 to 300 million naira.

Mike Adenuga

Mike Adenuga is the sixth wealthiest man in Africa, worth $6.7 billion. The business tycoon has created a reputation in the telecommunication oil industry. Just like Dangote, Mike Adenuga also has a taste in cars. The Rolls Royce Phantom is his most expensive and worth N151.6 million out of his four exotic cars.

Nicky Oppenheimer

Nicky is Africa’s third-richest man, with a net worth of $8.7 billion. Apart from being in the diamond industry, Nicky also owns Tswalu Kalahari Reserve, one of South Africa’s largest private game reserves. The most expensive of his luxurious automobiles is the Mercedes Benz McLaren, worth N75 million.

READ ALSO: Top 5 Nigerian Celebrities with the Most Expensive Cars

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