Forbes Africa has published its annual list of Africa’s wealthiest people for 2023, which includes 19 billionaires from seven countries.
According to Forbes Africa, the continent’s 19 billionaires are worth an estimated $81.8 billion, a decrease from the $84.9 billion held by the continent’s 18 billionaires a year ago. The drop follows a global market downturn in 2022 caused by the Covid-19 pandemic and other factors.
Aliko Dangote of Nigeria remains at the top of the list for the 12th year in a row, with a net worth of $13.5 billion, up $2 billion from last year. Dangote founded and is the chairman of the Dangote Group, Africa’s largest cement producer.
He is followed by Nicky Oppenheimer and Johann Rupert, both South Africans who have challenged his dominance. Oppenheimer is the former chairman of De Beers, and his net worth is $8 billion, up $1.5 billion from last year. Rupert is the chairman of the Richemont luxury goods group and has a net worth of $7.2 billion, up $1.4 billion from last year.
Mike Adenuga, the owner of telecom giant Globacom and oil company Conoil Producing, takes fourth place. He has a net worth of $6.3 billion, which is $300 million less than last year.
Nassef Sawiris of Egypt, who owns a stake in Adidas and runs OCI, one of the world’s largest nitrogen fertilizer producers, takes fifth place. He has a net worth of $6 billion, which is $200 million less than last year.
Here is the full list;
1. ALIKO DANGOTE
Net worth: $13.5 billion
Rank in 2022: 1
Net worth in 2022: $13.9 billion
Origin of wealth: Cement and Sugar Self-made
Age: 65
Country: Nigeria
Residence: Lagos
2. JOHANN RUPERT AND FAMILY
Net worth: $10.7 billion
Rank in 2022: 2
Net worth in 2022: $11 billion
Origin of wealth: Luxury goods Inherited and growing
Age: 72
Country: South Africa
Residence: Cape Town
3. NICKY OPPENHEIMER & FAMILY
Net worth: $8.4 billion
Rank in 2022: 3
Net worth in 2022: $8.7 billion
Origin of wealth: Diamonds Inherited
Age: 77
Country: South Africa
Residence: Johannesburg
4. ABDULSAMAD RABIU
Net worth: $7.6 billion
Rank in 2022: 5
Net worth in 2022: $7 billion
Origin of wealth: Cement and Sugar Inherited and growing
Age: 62
Country: Nigeria
Residence: Lagos
5. NASSEF SAWIRIS
Net worth: $7.2 billion
Rank in 2022: 4
Net worth in 2022: $8.6 billion
Origin of wealth: Construction and Investments
Inherited and growing
Age: 62
Country: Egypt
Residence: Cairo
6. MIKE ADENUGA
Net worth: $5.6 billion
Rank in 2022: 6
Net worth in 2022: $6.7 billion
Origin of wealth: Telecom and Oil Self-made
Age: 69
Country: Nigeria
Residence: Lagos
7. ISSAD REBRAB & FAMILY
Net worth: $4.6 billion
Rank in 2022: 7
Net worth in 2022: $5.1 billion
Origin of wealth: Food Self-made
Age: 79
Country: Algeria
Residence: Algiers
8. NAGUIB SAWIRIS
Net worth: $3.3 billion
Rank in 2022: 8
Net worth in 2022: $3.4 billion
Origin of wealth: Telecom Inherited and growing
Age: 68
Country: Egypt
Residence: Cairo
9. PATRICE MOTSEPE
Net worth: $3.1 billion
Rank in 2022: 9
Net worth in 2022: $3.1 billion
Origin of wealth: Mining Self-made
Age: 60
Country: South Africa Residence: Johannesburg
10. MOHAMED MANSOUR
Net worth: $2.8 billion
Rank in 2022: 12
Net worth in 2022: $2.5 billion
Origin of wealth: Diversified Self-made
Age: 75
Country: Egypt
Residence: Cairo
11. KOOS BEKKER
Net worth: $2.6 billion
Rank in 2022: 10
Net worth in 2022: $2.7 billion
Origin of wealth: Media, Investments Self-made
Age: 70
Country: South Africa
Residence: Cape Town
12. STRIVE MASIYIWA
Net worth: $1.9 billion
Rank in 2022: 10
Net worth in 2022: $2.7 billion
Origin of wealth: Telecom Self-made
Age: 61
Country: United Kingdom
Residence: London
13. YOUSSEF MANSOUR
Net worth: $1.5 billion
Rank in 2022: 15
Net worth in 2022: $1.5 billion
Origin of wealth: Diversified Self-made
Age: 77
Country: Egypt
Residence: Cairo
14. AZIZ AKHANNOUCH & FAMILY
Net worth: $1.5 billion
Rank in 2022: 13
Net worth in 2022: $2.2 billion
Origin of wealth: Petroleum, Diversified Inherited and growing
Age: 62
Country: Morocco
Residence: Casablanca
15. MOHAMMED DEWJI
Net worth: $1.5 billion
Rank in 2022: 15
Net worth in 2022: $1.5 billion
Origin of wealth: Diversified Inherited and growing
Age: 47
Country: Tanzania
Residence: Dar es Salaam
16. OTHMAN BENJELLOUN & FAMILY
Net worth: $1.3 billion
Rank in 2022: 15
Net worth in 2022: $1.5 billion
Origin of wealth: Banking, insurance Inherited and growing
Age: 90
Country: Morocco
Residence: Casablanca
17. MICHIEL LE ROUX
Net worth: $1.2 billion
Rank in 2022: 14
Net worth in 2022: $1.7 billion
Origin of wealth: Banking Self-made
Age: 73
Country: South Africa
Residence: Stellenbosch
18. CHRISTOFFEL WIESE
Net worth: $1.1 billion
Origin of wealth: Retail Self-made
Age: 81
Country: South Africa
Residence: Cape Town
19. YASSEEN MANSOUR
Net worth: $1.1 billion
Rank in 2022: 18
Net worth in 2022: $1.1 billion
Origin of wealth: Diversified Self-made
Age: 61
Country: Egypt
Residence: Cairo
Read More here
