Good heavens, we are looking at an absurd amount of wealth here: Forbes Africa has released its annual list of dollar-billionaires on the continent, and in total, 18 very wealthy citizens make it into this exclusive club.
Dollar-billionaires club: Who are the richest people in Africa?
Aliko Dangote remains the richest man in Africa, with his fortune pushing the $14 billion mark. The cement and sugar production magnate has a comfortable cushion at the top of the tree, and there’s daylight between him and Johann Rupert. The Stellenbosch-based billionaire is second on the list, with $11 billion in the bank.
Another South African, Nicky Oppenheimer, completes the top three with his $8.7 billion fortune. Egyptian Nassef Sawiris ($8.6 billion) and Nigerian Abdulsamad Rabiu ($7 billion) follow in fourth and fifth respectively.
Richest South Africans in ‘exclusive wealth club’
The rich have certainly got richer in 2022, with Africa’s dollar-billionaires now worth 15% more than they were this time last year. Rising stars like Strive Masiyiwa have contributed to this growth, too…
“The biggest gainer in percentage terms – up 125% – is Strive Masiyiwa of Zimbabwe, worth $2.7 billion (up from $1.2 billion last year). Shares of Econet Wireless Zimbabwe, which he founded, rose more than 750% in the past year, helping to drive up the size of his fortune. The continent’s 18 dollar-billionaires are now worth an estimated $84.9 billion.”
“That’s a 15% increase from 12 months ago. The dollar-billionaires from Africa hail from seven different countries. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. All of the continent’s billionaires are men; Isabel dos Santos of Angola fell off the Forbes list in January 2021.”
The list of Africa’s dollar-billionaires: Read it and weep…
Three other South Africans make the cut, and Patrice Motsepe is now ninth on this list. Koos Bekker is one place behind in tenth, whereas Capitec founder Michiel le Roux has climbed up the table to 14th. These three dollar-billionaires are worth a combined $7.5 billion – falling short of the benchmarks set by Rupert and Oppenheimer respectively.
Aliko Dangote, Nigeria: $13.9 billion
Johann Rupert, South Africa: $11 billion
Nicky Oppenheimer, South Africa: $8.7 billion
Nassef Sawiris, Egypt: $8.6 billion
Abdulsamad Rabiu, Nigeria: $7 billion
Mike Adenuga, Nigeria: $6.7 billion
Issad Rebrab, Algeria: $5.1 billion
Naguib Sawiris, Egypt: $3.4 billion
Patrice Motsepe, South Africa: $3.1 billion
Koos Bekker, South Africa: $2.7 billion
Strive Masiyiwa, Zimbabwe: $2.7 billion
Mohamed Mansour, Egypt: $2.5 billion
Aziz Akhannouch, Morocco: $2.2 billion
Michiel le Roux, South Africa: $1.7 billion
Othman Benjelloun, Morocco: $1.5 billion
Mohamed Dewji, Tanzania: $1.5 billion
Youssef Mansour, Egypt: $1.5 billion
Yasseen Mansour, Egypt: $1.1 billion