The richest people in Africa are now wealthier than they have been in eight years. The 18 billionaires on the continent are estimated to be worth $84.9 billion collectively, 15% more than a year ago and the highest total since 2014 when there were 28 billionaires on the continent.
The average net worth is higher this year due to the current smaller number of list members, according to Forbes. The fortunes of these tycoons were improved by soaring stock prices from Nigeria to Zimbabwe, while demand for items ranging from luxury goods to cement increased.
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Africa is a continent with a diverse and rapidly growing economy, and there are many successful business leaders and entrepreneurs who have achieved significant wealth. Here is a list of the top 10 richest men in Africa, according to their net worth:
- Aliko Dangote – With a net worth of over $14.1 billion, Aliko Dangote is the richest man in Africa and the only African billionaire on Forbes’ list of the world’s billionaires. He is the founder and CEO of the Dangote Group, a conglomerate with interests in cement, sugar, flour, and other commodities.
- Nicky Oppenheimer – With a net worth of $7.3 billion, Nicky Oppenheimer is the second richest man in Africa. He is the former chairman of De Beers, the world’s largest diamond company, and is currently the chairman of the Oppenheimer Family Investment Company.
- Johann Rupert – Johann Rupert is the third richest man in Africa, with a net worth of $7 billion. He is the chairman of luxury goods company Richemont and also has significant investments in the financial and media industries.
- Nassef Sawiris – With a net worth of $6.9 billion, Nassef Sawiris is the fourth richest man in Africa. He is the CEO of Orascom Construction Industries, a leading engineering and construction firm, and also has investments in real estate and sports.
- Mike Adenuga – Mike Adenuga is the fifth richest man in Africa, with a net worth of $6.2 billion. He is the founder and chairman of Globacom, a leading telecommunications company in Nigeria, and also has interests in oil and gas exploration and production.
- Issad Rebrab – With a net worth of $4.7 billion, Issad Rebrab is the sixth richest man in Africa. He is the founder and CEO of Cevital, a leading Algerian conglomerate with interests in food processing, steel production, and other industries.
- Patrice Motsepe – Patrice Motsepe is the seventh richest man in Africa, with a net worth of $2.7 billion. He is the founder and executive chairman of African Rainbow Minerals, a diversified mining company, and is also involved in philanthropy and sports ownership.
- Strive Masiyiwa – With a net worth of $2.4 billion, Strive Masiyiwa is the eighth richest man in Africa. He is the founder and executive chairman of Econet Group, a telecommunications and technology company, and is also involved in philanthropy and media.
- Naguib Sawiris – Naguib Sawiris is the ninth richest man in Africa, with a net worth of $2.1 billion. He is the chairman and CEO of Orascom Telecom Media and Technology Holding, a leading telecommunications and media company, and also has interests in real estate and sports.
- Isabel dos Santos – Isabel dos Santos is the richest woman in Africa and the tenth richest person on the continent, with a net worth of $2 billion. She is the daughter of former Angolan President José Eduardo dos Santos and is the chairman of Unitel, Angola’s largest telecommunications company, as well as being involved in other business ventures.
These individuals have achieved significant success in a variety of industries and have made a significant contribution to the economic growth of Africa. Their wealth is a testament to their hard work, determination, and business acumen.