Here are the richest people in Africa in 2023 (FULL LIST)
Nigerian business tycoon Aliko Dangote has topped the list of richest Africans for the 12th consecutive year, according to Forbes Magazine.
The past year was not smooth for the industrialist as he lost $400 million but still ended with up $13.5 billion.
Forbes’ newly released 2023 list of Africa’s billionaires also placed South African luxury goods businessman Johann Rupert in the second position, with a net worth of $10.7 billion, despite losing $300 million.
Metals and Mining magnate Nicky Oppenheimer and his family placed followed closely at the third position with a fortune of $8.4 billion.
Forbes revealed that the wealthiest people on the continent lost a total of $3.1 billion under the year of review during to various reasons.
The latest list contains 19 billionaires from Africa whose estimated worth is pegged at $81.5 billion.
The figure is a reduction from the $84.9 billion recorded a year ago.
The 4% slump was due to a 15% jump on the back of soaring stock prices across the region.
Billionaires from just seven of Africa’s 54 countries made the ranks.
1. Aliko Dangote (Nigeria) – $13.5bn
2. Johann Rupert (South Africa) – $10.7bn
3. Nicky Oppenheimer (South Africa) – $8.4bn
4. Abdulsalmad Rabiu (Nigeria) – $7.6bn
5. Nasser Sawiris (Egypt) – $7.3bn
6. Mike Adenuga (Nigeria) – $6.3bn
7. Issad Rebrab (Algeria) – $4.6bn
8. Naguib Sawiris (Egypt) – $3.3bn
9. Patrice Motsepe (South Africa) – $3.2bn
10. Mohamed Mansour (Egypt) – $2.9bn
11. Koos Bekker (South Africa) – $2.6bn
12. Strive Masiyiwa (Zimbabwe) – $1.9bn
13. Aziz Akhannouch & family (Morocco) – $1.5bn
13. Mohammed Dewji (Tanzania) – $1.5 bn
13. Youssef Mansour ( Egypt) – $1.5 bn
16. Othman Benjelloun & family (Morocc0) – $1.3 bn
17. Michiel Le Roux (South Africa) – $1.2 bn
18. Yasseen Mansour ( Egypt) – $1.1 bn
18. Christoffel Wiese ( South Africa) – $1.1 bn
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.