ISSAD REBRAB

In Algeria, with nearly 37 million people, oil and gas are considered the backbone of the economy, so few would expect Issad Rebrab, the first Algerian to make the list of the world's billionaires as well as the richest people in Africa, to get rich through the food business. He founded Cevital, the largest private company in Algeria operating in the field of food and beverages. Rebrab steadily grew its company by purchasing other firms with discipline, sensible timing, and unwavering determination.

Cevital, with 19 companies, became Alegria's largest private multi-sector company in 2007, focusing on four primary business areas: food processing, automobiles, light manufacturing, and distribution. This company produces about 2 million tons of sugar every year, volume up a content copy. In addition, Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill, and a German water purification company. After serving 8 months in jail on charges of corruption, Issad Rebrab was released on January 1, 2020. He denies any wrongdoing.

Net worth: $5.1 billion

Industry: Food and Beverage

Country: Algeria