Top 50 Richest People In Africa LIST

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

RANKNAMENET WORTHINDUSTRY
1Aliko Dangote$13.5bnManufacturing
2Johann Rupert & Family$10.7bnFashion & Retail
3Nicky Oppenheimer & Family$8.4bnMetals & Mining
4Abdulsamad Rabiu$7.6bnDiversified
5Nassef Sawiris$7.3bnConstruction & Engineering
6Mike Adenuga$6.3bnDiversified
7Issad Rebrab & Family$4.6bnFood & Beverage
8Naguib Sawiris$3.3bnTelecom
9Patrice Motsepe$3.2bnMetals & Mining
10Mohamed Mansour$2.9bnDiversified
11Koos Bekker$2.6bnMedia & Entertainment
12Strive Masiyiwa$1.9bnTelecom
13Aziz Akhanouch & Family$1.5bnDiversified
13Mohammed Dewji$1.5bnDiversified
13Yossef Mansour$1.5bnDiversified
16Othman Benjelloun & Family$1.3bnFinance & Investments
17Michiel Le Roux$1.2bnFinance & Investments
18Yasseen Mansour$1.1bnDiversified
18Christoffel Wiese$1.1bnFashion & 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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