Africa’s 20 Richest Billionaires as at January 2024

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

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