The top 50 richest people in Africa is a genuine question multiple people have and often search about and if you’re one of them – you’ve come to the right place.
Nigerian billionaire industrialist, Aliko Dangote, is the consensus richest man in Africa.
Dangote has been the richest man in Africa for 13 years in a row!
Forbes recently released the list of Africa’s top billionaires and that’s where we begin our search for the top 50 richest people in Africa LIST.
Top 50 Richest People In Africa 2023
Forbes recently released their list of top richest billionaires in Africa.
Forbes wrote: Africa’s wealthiest people shed a combined $3.1 billion in the past 12 months. As a group, the continent’s 19 billionaires are worth an estimated $81.5 billion – down from $84.9 billion a year ago, despite one more billionaire in the ranks.
The 4% dip follows a 15% jump last year on the back of soaring stock prices across the region.
These tycoons’ fortunes faded in sync with equity values around the world, with the S&P All Africa index dropping more than 20% in the first nine months of 2022, before starting a late-year rally that left the index down just 3% through January 13, the day Forbes locked in stock prices and exchange rates for the list.
Billionaires from just seven of Africa’s 54 countries made the ranks.
Nigerian industrialist Aliko Dangote, whose fortune dropped $400 million to $13.5 billion, is the richest person for the 12th year in a row, and South African luxury goods magnate Johann Rupert held onto no. 2 for a second year, despite falling $300 million to $10.7 billion.
South African Christo Wiese, who dropped out of the ranks amid an accounting scandal in 2018, returns after successfully suing retailer Steinhoff.
METHODOLOGY
Our list tracks the wealth of African billionaires who reside in Africa or have their primary business there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen, South African Nathan Kirsh, who operates out of London and another billionaire London resident, Mohamed Al-Fayed, an Egyptian citizen. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa.
Net worths were calculated using stock prices and currency exchange rates from the close of business on Friday, January 13, 2023.
To value privately held businesses, we start with estimates of revenues or profits and apply prevailing price-to-sale or price-to-earnings ratios for similar public companies. Some list members grow richer or poorer within weeks-or days-of our measurement date.”
Richest Billionaires In Africa 2023
Below is the list of the richest billionaires in Africa for 2023
| RANK | NAME | NET WORTH | INDUSTRY |
| 1 | Aliko Dangote | $13.5bn | Manufacturing |
| 2 | Johann Rupert & Family | $10.7bn | Fashion & Retail |
| 3 | Nicky Oppenheimer & Family | $8.4bn | Metals & Mining |
| 4 | Abdulsamad Rabiu | $7.6bn | Diversified |
| 5 | Nassef Sawiris | $7.3bn | Construction & Engineering |
| 6 | Mike Adenuga | $6.3bn | Diversified |
| 7 | Issad Rebrab & Family | $4.6bn | Food & Beverage |
| 8 | Naguib Sawiris | $3.3bn | Telecom |
| 9 | Patrice Motsepe | $3.2bn | Metals & Mining |
| 10 | Mohamed Mansour | $2.9bn | Diversified |
| 11 | Koos Bekker | $2.6bn | Media & Entertainment |
| 12 | Strive Masiyiwa | $1.9bn | Telecom |
| 13 | Aziz Akhanouch & Family | $1.5bn | Diversified |
| 13 | Mohammed Dewji | $1.5bn | Diversified |
| 13 | Yossef Mansour | $1.5bn | Diversified |
| 16 | Othman Benjelloun & Family | $1.3bn | Finance & Investments |
| 17 | Michiel Le Roux | $1.2bn | Finance & Investments |
| 18 | Yasseen Mansour | $1.1bn | Diversified |
| 18 | Christoffel Wiese | $1.1bn | Fashion & Retail |
Top 50 Richest Man In Africa 2023
Below is a list of the top 50 richest man in Africa
1. Aliko Dangote – $12 Billion
2. Michael Adenuga – $9.2 Billion
3. Nicky Oppenheimer – $7.3 Billion
4. Nassef Sawiris – $7.3 Billion
5. Johann Rupert – $5.3 Billion
6. Issad Rebrab – $3.9 Billion
7. Naguib Sawiris $2.9 Billion
8. Koos Bekker $2.3 Billion
9. Isabel dos Santos $2.3 Billion
10. Mohamed Mansour $2.3 Billion
11. Strive Masiyiwa $2.3 billion
12. Aziz Akhannouch $2.1 Billion
13. Mohammed Dewji $1.9 Billion
14. Othman Benjelloun $1.7 Billion
15. Abdulsamad Rabiu $1.6 Billion
16. Yasseen Mansour $1.5 Billion
17. Youssef Mansour $1.2 Billion
18. Folorunsho Alakija $1.1 Billion
19. Patrice Mosepe $2.3 Billion
20. Michiel Le Roux $1 Billion
21. Stephen Saad $1 Billion
22. Christoffel Wiese $1 Billion
23. Desmond Sacco $1 Billion
24. Nathan Kirsh $1 Billion
25. King Mohammed VI $1 Billion
26. Reginal Mengi $560 Million
27. Allan Gray $1 Billion
28. Miloud Chaabi $900 Million
29. Sudhir Ruparelia $900 Million
30. Theophilius Danjuma $900 Million
31. Ahmed Ezz $520 Million
32. Gerrit Thomas Ferreira $3.2 Billion
33. Onsi Sawiris $1.9 Billion
34. Samih Sawiris $1.1 billion
35. Anas Sefrioui $1.1 billion
36. Rostam Azizi $1 billion
37. Tony Elumelu $1 billion
38. Orji Uzor Kalu $1 billion
39. Femi Otedola $900 million
40. Jim Ovia $850 million
41. Laurtiz Dippenaar $730 million
42. Mohamed Bensalah $700 million
43. Bhimji Depar Shah $700 million
44. Mohamed Indimi $670 million
45. Guss Attridge $660 million
46. Tunde Folawiyo $650 million
47. Moulay Hafid Elalamy $620 million
48. Hakeem Belo-Osagie $600 million
49. Ali Wakrim $600 million
50. Said Salim Bakhresa $575 million
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