Top 20 Forbes African Billionaires 2024

Forbes Announces New List of African Billionaires for 2024, Totaling a Combined Wealth of $82.4 Billion

Forbes has recently unveiled its latest list of African billionaires for the year 2024. The list features 20 billionaires whose combined wealth is estimated at a staggering $82.4 billion, marking an increase of $900 million compared to the previous year.

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At the top of the list for the 13th consecutive year is Nigeria’s Aliko Dangote. His fortune saw a notable increase of $400 million, bringing his total net worth to $13.9 billion. This maintains his position as the richest person in Africa.

The list reflects the diverse economic landscape of the continent, with South Africa claiming six spots, followed by Egypt with five, and Nigeria with four. Notably, Femi Otedola, the chairman of Geregu Power Plc, has made a comeback on the list.

However, this year’s list shows a lack of female representation, as there are no female billionaires included.

The highlight of the Annual List

The 2024 list witnessed some significant shifts and interesting facts:

• Aliko Dangote (Nigeria) remains the richest in Africa, with a net worth of $13.9 billion, primarily from his cement and sugar businesses.
• Johann Rupert and family (South Africa) come in second, with a net worth of $10.1 billion from luxury goods.
• Nicky Oppenheimer & family (South Africa), known for their diamond businesses, are third with $9.4 billion.
• The biggest gain was observed in Nassef Sawiris from Egypt, who added $1.6 billion to his wealth, now totaling $8.9 billion.

The Full List of Forbes African Billionaires 2024

The list notably excludes lawyer and banker Adebayo Ogunlesi, with an estimated fortune of $2.3 billion, pending the completion of BlackRock’s acquisition of his firm Global Infrastructure Partners.

1. Aliko Dangote – $13.9 billion (Nigeria)
2. Johann Rupert and family – $10.1 billion (South Africa)
3. Nicky Oppenheimer & family – $9.4 billion (South Africa)
4. Nassef Sawiris – $8.7 billion (Egypt)
5. Mike Adenuga – $6.9 billion (Nigeria)
6. Abdulsamad Rabiu – $5.9 billion (Nigeria)
7. Naguib Sawiris – $3.8 billion (Egypt)
8. Mohamed Mansour – $3.2 billion (Egypt)
9. Koos Bekker – $2.7 billion (South Africa)
10. Patrice Motsepe – $2.7 billion (South Africa)
11. Issad Rebrab & family – $2.5 billion (Algeria)
12. Mohammed Dewji – $1.8 billion (Tanzania)
13. Strive Masiyiwa – $1.8 billion (Zimbabwe)
14. Aziz Akhannouch & family – $1.7 billion (Morocco)
15. Othman Benjelloun & family – $1.4 billion (Morocco)
16. Youssef Mansour – $1.3 billion (Egypt)
17. Yasseen Mansour – $1.2 billion (Egypt)
18. Christoffel Wiese – $1.2 billion (South Africa)
19. Michiel Le Roux – $1.1 billion (South Africa)
20. Femi Otedola – $1.1 billion (Nigeria)