AFRICA’S RICHEST PEOPLE 2023

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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

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