Africa’s 20 richest billionaires as of January 2024 have been released, with the top 5 interchanging their positions over the past few months.
Twenty Africans are among the world’s wealthiest, according to a new analysis that sheds light on the continent’s intriguing wealth distribution. His $13.9 billion solidified his authority in Nigeria, and Aliko Dangote reigned supreme.
While South Africa is well-represented, the next most valuable individuals are Johann Rupert and his family, with $10.1 billion, and then Nicky Oppenheimer, whose diamond fortune is $9.4 billion. Nassef Sawiris’ $8.7 billion, backed by family business OCI and Adidas behemoth, puts Egypt in first place.
From the Algerian Issad Rebrab, who has $2.5 billion, to the Tanzanian Mohammed Dewji, whose telecom wealth is $1.8 billion, the list goes on and on. The enterprising mentality of Strive Masiyiwa is evident in his $1.8 billion valuation, which even represents Zimbabwe.
The total net worth of Africa’s 20 richest men is $82.40 billion. Nigeria’s Aliko Dangote’s net worth is pegged at 13.9 billion USD, which represents 16.9% of the $82.40 billion of the 20 richest men.
He is followed in second and third place by South Africa’s Johann Rupert & family and Nicky Oppenheimer & family, who own 10.1 billion USD and 9.4 billion USD, respectively.
READ: Meet Sir Louis Odumegwu Ojukwu, Nigeria’s First Billionaire Before Dangote
In all, there are 4 Nigerians, 6 South Africans, 5 Egyptians, 2 Moroccans, 1 Algerian, 1 Tanzanian, and 1 Zimbabwean on the league table of the richest men and families in Africa.
Let us look at the Africa’s 10 Richest Billionaires and what they invest in as per Forbes
1. Aliko Dangote is worth $13.9 billion and is mainly into manufacturing.
2. Johann Rupert & family is worth $10.1 billion and into fashion and retail.
3. Nicky Oppenheimer’s family is worth $9.4 billion and invests in metals and mining.
4. Nassef Sawiris is worth $8.7 billion and is into construction and engineering.
5. Mike Adenuga is worth $6.9 billion and has a diversified investment.
6. Abdulsamad Rabiu is worth $5.9 billion but has a diverse portfolio of investments.
7. Naguib Sawiris is $3.8 billion and into Telecom
8. Mohamed Mansour is worth $3.2 billion but has a diversified investment portfolio.
9. Koos Bekker is worth $2.7 billion with investments in media Media entertainment.
10. Patrice Motsepe is worth $2.7 billion and invests in metals and mining.
Full List: Africa’s 20 Richest Billionaires as at January 2024
| Rank | Name | Net Worth (Billion USD) | % of Total | Country |
|---|---|---|---|---|
| 1 | Aliko Dangote | 13.9 | 16.9% | Nigeria |
| 2 | Johann Rupert & family | 10.1 | 12.3% | South Africa |
| 3 | Nicky Oppenheimer & family | 9.4 | 11.4% | South Africa |
| 4 | Nassef Sawiris | 8.7 | 10.6% | Egypt |
| 5 | Mike Adenuga | 6.9 | 8.4% | Nigeria |
| 6 | Abdulsamad Rabiu | 5.9 | 7.2% | Nigeria |
| 7 | Naguib Sawiris | 3.8 | 4.6% | Egypt |
| 8 | Mohamed Mansour | 3.2 | 3.9% | Egypt |
| 9 | Koos Bekker | 2.7 | 3.3% | South Africa |
| 10 | Patrice Motsepe | 2.7 | 3.3% | South Africa |
| 11 | Issad Rebrab & family | 2.5 | 3.0% | Algeria |
| 12 | Mohammed Dewji | 1.8 | 2.2% | Tanzania |
| 13 | Strive Masiyiwa | 1.8 | 2.2% | Zimbabwe |
| 14 | Aziz Akhannouch & family | 1.7 | 2.1% | Morocco |
| 15 | Othman Benjelloun & family | 1.4 | 1.7% | Morocco |
| 16 | Youssef Mansour | 1.3 | 1.6% | Egypt |
| 17 | Yasseen Mansour | 1.2 | 1.5% | Egypt |
| 18 | Christoffel Wiese | 1.2 | 1.5% | South Africa |
| 19 | Michiel Le Roux | 1.1 | 1.3% | South Africa |
| 20 | Femi Otedola | 1.1 | 1.3% | Nigeria |
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