Forbes reports that Africa continues to be one of the most challenging continents globally for amassing and maintaining a billion-dollar fortune. The difficulties arise from global investors harboring skepticism toward its stock exchanges, businesses grappling with strained economies, inadequate infrastructure, and fluctuating exchange rates. Furthermore, the ever-shifting political landscape can either propel private fortunes forward or lead to their downfall.
Aliko Dangote has secured the top position on the list for an impressive 13th consecutive year. Meanwhile, South African tycoon Johann Rupert, renowned for his luxury goods empire, maintains a strong hold on the second spot. Occupying the third position is Nicky Oppenheimer, a former head of diamond mining firm DeBeers, who, a decade ago, sold the company to mining giant Anglo American.
See full list below:
1. Aliko Dangote – Net worth $13.9bn
2. Johann Rupert and Family – Net worth $10.1bn
3. Nicky Oppenheimer and family – Net worth $9.4bn
4. Nassef Sawiris – Net worth $8.7bn
5. Mike Adenuga – Net worth $6.9bn
6. Abdulsamad Rabiu – Net worth $5.9bn
7. Naguib Sawaris – Net worth $3.8bn
8. Mohamed Mansour – Net worth $3.2bn
9. Koos Bekker – Net worth $ 2.7bn
10. Patrice Motsepe – Net worth $2.7bn
11. Issad Rebrab and family – Net worth $2.5bn
12. Mohammed Dewji – Net worth $1.8bn
13. Strive Masiyiwa – Net worth $1.8bn
14. Aziz Akhannouch – Net worth $1.7bn
15. Othman Benjelloun and family – Net worth $1.4bn
16. Youseff Mansour – $1.3bn
17. Yasseen Mansour – Net worth $1.2bn
18. Christoffel Wiese – Net worth $1.2bn
19. Michiel Le Roux – Net worth $1.1bn
20. Femi Otedola – Net worth $1.1bn
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