Source of wealth: As noted by Bloomberg, Sawiris has stakes in various gold mines throughout the world. Sunak Signs Off on Pay Recommendations for Public Sector Workers Jim Ovia is another Nigerian millionaire whos investments tilt more towards the banking side. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two, and one each from Algeria, Tanzania, and Zimbabwe. He continues to invest in multiple industries in Africa, including fast food chains, furniture stores, and even supermarkets. # Richest Women In The World For 2020. Former diamond magnate Nicky Oppenheimer saw the highest net worth growth adding $600 million to his wealth and climbed the global ranking by over 100 positions 331 to 229. 2022 Top 5 Africa's Richest People. Yasseen Mansour is an Egyptian billionaire who runs the Mansour Group along with his other brothers. In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. The company is known for being one of the world's largest General Motors dealers and one of the top distributors of Caterpillar products. He holds a major stake in one of the leading oil companies of Nigeria, Forte Oil and owns multiple gas stations. Richest man in Ghana. The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. Seychelles ranks as the richest African country by GDP per capita, which measures 15,874.50 U.S. dollars, as of 2022. The US said it will supply cluster bombs to Ukraine to help ensure Kyiv has adequate firepower to press its counteroffensive, overruling concerns the . Othman Benjelloun is a Moroccan investor who focuses on investing in banking, telecom, and insurance companies. I'm an editor overseeing Forbes' coverage of the world's wealthiest. He is also a stakeholder at the Equatorial Trust Bank. In early January 2022, Rabiu listed his sugar and food firm BUA Foods on the Nigerian stock exchange. She has fled to Europe in the meantime and has denied any corruption. February 04, 2022 10:00 AM. The company is a mix of multiple industries, including media, shipping, oil trading, and more. (adsbygoogle = window.adsbygoogle || []).push({}); With a net worth of $10.1 billion, Nigerian billionaire Aliko Dangote is the wealthiest man in Africa and the only African on the list of top 100 richest in the world. In January 2020, the attorney general of Angola charged Dos Santos with embezzlement and money laundering. # Most expensive countries in the world to live in, 2020 Koos Bekker is a South African investor. Only two of the 18 billionaires are worth less than last year: Koos Bekker of South Africa, who dropped to $2.7 billion from $2.8 billion as the share prices of consumer Internet firms Naspers and Prosus fell more than 20% each, and Mohammed Dewji of Tanzania, whose fortune declined to an estimated $1.5 billion from $1.6 billion a year ago due to lower multiples for publicly traded competitors. 03:48 The self-made billionaire has a. Bill Gates Net Worth. Africa's Billionaires: Forbes ranks Africa's wealthiest business people. Top 10 Richest People in the World - Yahoo Finance For the second straight year, both the number of billionaires around the globe has declined from 2,668 in 2022 to . Rostam is a billionaire belonging to Tanzania. Hes considered one of the wealthiest men in Africa and has stakes in multiple businesses, including Anglo-American. Saudi Arabian billionaire Mohammed Al Amoudi, of Hadhrami Yemeni and Ethiopian descent, has been on the Forbes billionaire list since 2002 and in 2012 had a net worth of $12.5 billion. Satoshi Nakamoto The true identity of Satoshi Nakamoto is unknown, but they're credited as the person who first developed Bitcoin. Egypt Safety Travel Tips, Is Senegal Safe to Visit? The company is known to be the largest mobile network organization in the country. Businessman Patrice Motsepe is ranked as one of the 20 richest people who own stocks listed on Africa's largest market, the Johannesburg Stock Exchange. He is a major investor in manufactured goods, including but not limited to grains. [3], From 2001 to 2003, Forbes listed American television network executive Bob Johnson as a billionaire,[4] but dropped him after his fortune was split in his divorce. Top 20 Richest People In South Africa: You Won't Believe Who Worked The 15 richest people in Africa have made their fortunes by investing in industries like diamonds, oil, and retail. He further diversifies his assets in different industries. 2022 Top 5 Africa's Richest People - Voice of America John Weber Africa's billionaires are richer than they have been in years, despite the global pandemic. Hes directly linked to the functioning of Mansour Group and GM Motors. Forbes calculates that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below $1 billion due to lower oil prices. $131 Billion. Some other notable names on the list include Patrice Motsepe, one of the richest people in South Africa with a net worth of $3 billion. As of July 13, 2023, with a net worth of roughly $244.3 billion, Elon Musk is the wealthiest person in As of July 13, 2023, with a net worth of roughly $91.8 billion, LOral heiress Francoise Bettencourt Meyers is the As of July 13, 2023, Ibrahim Erdemoglu was thewealthiest person in Turkey, with an estimated net worth of 5.0 billion As of July 13, 2023, Marcos Galperin was thewealthiest person in Argentina, with an estimated net worth of 4.8 billion As of July 13, 2023, Gina Rinehart was thewealthiest person in Australia, with an estimated net worth of 27.1 billion How to Build a Better Company Culture Through Fun and Connection, Most economically influential cities in the world, 2020, Worlds Best Hospitality & Hotel Management Schools, 2023, Best Universities For Doctor of Business Administration (DBA), 2022, Best (and worst) countries in the world for old people to live in, 2020, Countries with the highest life expectancy in the world, 2020, Most expensive countries in the world to live in, 2020, Most Popular Places To Birdwatch In Each US State, Best Countries For Investment In Ecommerce And Digital Sector, 2020. He is also the founder of the private equity firm African Rainbow Capital. The Moroccan ruler generates his wealth through the multiple investments he has. Knight Institute files lawsuit against Texas's TikTok ban - CNN Language links are at the top of the page across from the title. Allan Gray is a South African who founded the Allan Gray Investment Management. His primary businesses include cement, sugar and flour. If elections were held today, who would you vote for? Kerry A. Dolan Forbes Africa Share Like elsewhere in the world, fortunes in Africa can be volatile, thanks to changes like a new currency. Richest man in Ghana: 27 Ghanaians with the highest net worth in 2023 Real Time Billionaires - Forbes 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. The World's Billionaires - Wikipedia Forbes: Dangote Remains Richest in Africa - THISDAYLIVE We calculated net worths using stock prices and currency exchange rates from the close of business on Friday, January 8, 2021. [9] Isabel dos Santos is of both Angolan and Russian ancestry. Three of Africa's richest people (from left): Johann Rupert of South Africa, Aliko Dangote of Nigeria and Nassef Sawiris of Egypt. As of 2023, Nigerian billionaire Aliko Dangote is the richest person in Africa, and the African countries with the most billionaires are Egypt (5), South Africa (6), Nigeria (3), and Morocco (2)[3], As of 2021, Nigerian billionaire Aliko Dangote is the richest person in Africa, and the African countries with the most billionaires are Egypt (5), South Africa (5), Nigeria (3), and Morocco (2). His 2023 has not kicked off to a great start either, with his net worth declining by $11.3 billion year to date the most for a billionaire since the beginning of the year. World's richest man weighs which of his 5 children will take over empire. Isabel dos Santos, an Angolan businesswoman, the eldest child of Angolas former President Jos Eduardo dos Santos (who served as President of Angola from 1979 to 2017), is the richest woman in Africa. Another gainer: Nigerian cement tycoon Abdulsamad Rabiu, who is $1.5 billion richer after taking yet another of his companies public. The biggest gainer this year is another Nigerian cement tycoon, Abdulsamad Rabiu. Nigerian petroleum executive Femi Otedola briefly emerged as a billionaire in 2009 but did not remain one in subsequent years. 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, and billionaire London resident Mohamed Al-Fayed, an Egyptian citizen. The wealthiest person in 2023 is Frances Bernard Arnault, the chairman of LVMH Moet Hennessy Louis Vuitton the worlds largest luxury goods producer. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Source of wealth: Mohamed Mansour is head of his family's company, Mansour Group, which is one of the largest companies in Egypt. The CEOWORLD magazine LTD 2023. Please help update this article to reflect recent events or newly available information. Read: The Forbes Billionaires List: Africa's. His wealth generation is mainly due to his link with the Econet Wireless Group. Aziz Akhannouch is a Moroccan, with one of the biggest shareholding in the Akwa Group. He is currently the minister of agriculture and fisheries in Morocco. The Moroccan millionaire created one of the largest insurance companies on the country with multiple investments in other industries, including clinics and media. Laurtiz Dippenaar not only is one of the wealthiest men in Africa, but he holds a lot of influence over the public. He also holds 40% shares in SNI. Also, the Forbes provides daily net worth updates which reflects change by 5 PM ET of prior trading day.[5]. Along with have shares in Mansour Group, he has stakes in most of Egypts McDonalds chains. [1] In 2018, there was a record of 23 African billionaires on the list. Mauritania Safety Travel Tips, Is Ghana Safe To Visit? He is also the chairman of one of the largest real estate developers in Egypt, Palm Hills Developments. According to Forbes real-time tracking of billionaires, Johann Rupert is still the wealthiest man in South Africa in 2023, with a net worth of $10.3 billion over R175 billion. Data from Forbes' real-time ranking of billionaires shows that some of South Africa's richest people continued to grow their wealth in 2021, led by Johann Rupert, whose luxury goods group. Source of wealth: Rebrab is the founder of Cevital, which is the largest privately held conglomerate in Algeria. Michael Adenuga - $9.2 Billion. In fact, the only two women billionaires from Africa have both fallen off the list. The Group is also a wide-scale distributor of cement in Nigeria. The Mars Family's assets come to $94 billion. Black billionaires are individuals who are of predominantly African ancestry with a net worth of at least US$1 billion. Although 2022 was a challenging year for numerous South Africans, the countrys billionaires are starting the new year with even more money in the bank. Tony Elumela belongs to Nigeria and has managed to secure multiple investments in domestic and international markets. Barack Obama's successful 2008 U.S. presidential campaign, "Forbes World's Billionaires List: The Riches in 2021", "Fenty's Fortune: Rihanna Is Now Officially A Billionaire", "Billionaires' ranks open to 'Harry Potter' author", "Alex Karp, unconventional purveyor of powerful surveillance tools", "In Pictures: The World's Most Powerful Billionaires", "Forbes.com: Forbes World's Richest People 2001", "Forbes.com: Forbes World's Richest People 2002", "Forbes.com: Forbes World's Richest People 2003", "Forbes.com: Forbes World's Richest People 2004", "#701 Michael Lee-Chin - The World's Billionaires 2009", "The Nation - Are Dangote and Adenuga truly Nigeria's richest men? . Forbes 2023 Index: Dangote still Africa's richest for 12th consecutive Altogether they are worth $73.8 billion, slightly more than the $73.4 billion aggregate worth of the 20 billionaires on last years list of Africas richest people. He is a major investor in the telecommunication sector and holds a stake in Vodacom Tanzania. South Africa is home to 8 billionaires in Africa, followed by Egypt (6 billionaires); Nigeria (4 billionaires); Morocco (2 billionaires); and Algeria, Angola, Eswatini (Swaziland), Tanzania, and Zimbabwe 1 billionaire each. Strive Masiyiwa is one of the richest man in Zimbabwe. If you want to skip our detailed analysis of the African economy, go directly to. South African billionaires: These are top 20 richest business owners in July 11, 2023. The continent's billionaires are collectively 15% richer than a year ago, thanks mostly to soaring stocks. [1] His 2023 has not kicked off to a great start either, with his net worth declining. South African Nicky Oppenheimer, who formerly ran diamond mining firm DeBeers before selling it to mining firm Anglo American a decade ago, ranks No. Africa's Billionaires: Richest People In Africa, 2020 See the full list of Africas billionaires here. Aliko Dangote of Nigeria is the richest person in Africa. Is South Africa Safe to Visit? He holds the majority share in the bank. Language links are at the top of the page across from the title. The rest of the top ten has numerous other tech executives, including former Microsoft executives Bill Gates (6) and Steve Ballmer (10), Googles founder Larry Page (9), and Oracles founder Larry Ellison (7). He is also an avid investor in the industry. In his role, he coordinates and tracks the publication of special packages, magazine stories, and the publications signature lists. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa. 15 Richest People in Africa - Yahoo Finance However, the overall GDP of this country is not impressive at 1.59 billion U.S. dollars. . Forbes 2023 Index: Dangote still Africa's richest man for 12th Worlds Most Forward-Thinking Countries. Compiled here is a list of individuals in Uganda whose accumulated assets are known to be markedly above the rest of the individuals in the country. Musk, Zuckerberg Lead a $852 Billion Surge Among World's Richest People The list is not exhaustive, and net worth values are hard to determine. Miloud is another Moroccan investor whos achieved all on his own. As a group, the continent's 18 billionaires are worth an estimated $84.9 billion - a 15% increase from 12 months ago and the largest tally [] Rupert is currently the second richest person in Africa, with Nigerian business magnate Aliko Dangote first with a net worth of $12.5 billion, according to Forbes. [1] Top 25 richest Americans The Mars Family is the third-richest family in the United States. 30. He is the founder of African Rainbow Minerals, which holds investments in minerals such as platinum, copper, and coal. Language links are at the top of the page across from the title. RICHEST PEOPLE IN AFRICA. The list has been published since 2015. According to the 2021 Forbes ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $11.5 billion and was the world's richest black man. Said Salim Bakhresa is Tanzanian millionaire whos made his empire all by himself. July 7, 2023 at 4:36 PM EDT. He is renowned for creating the African Rainbow Minerals company that focuses on iron, copper, gold, and platinum. One thing to note: Rabiu and his son together own about 97% of the company, giving the company a tiny public float. The organization specializes in real estate businesses. List of South Africans by net worth - Wikipedia The 18 billionaires from Africa, none of whom are new to the ranks, hail from seven different countries. Narendra Raval Kenyan billionaire tycoon Narendra Raval is ranked among Africa's wealthiest people according to a 2015 Forbes ranking. [1] As of October 2020, there were 614 [2] billionaires in the United States. 6 Richest Countries In Africa Today (Ranked) - AZ Animals 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. 1. # Best (and worst) countries in the world for old people to live in, 2020 Senegal safety Travel Tips, Top 10 Countries with Largest Black Markets in the World, Top 10 Countries with Most Serial Killers in the World, Is Portugal Safe to Visit? Musk is a citizen of three countries: South Africa, Canada and the United States. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Thats not true. Anas Sefrioui is renowned to be a self-made billionaire who has made an impact in the real estate sector. In total, they have a combined net worth of $76.5 billion, with Aliko Dangote, owner of the largest conglomerate in West Africa, topping the list with a net worth of $17.8 billion. Together, they are worth $73.8 billion, slightly more than the $73.4 billion aggregate worth of the 20 . Mohammed Dewji founded the MeTL Group in Tanzania. Ghana Safety Travel Tips, Is Sierra Leone Safe to Visit? In second place is the Koch Family, with a net worth of $100 billion. Russia's War in Ukraine Latest News Updates: July 7, 2023 - Bloomberg The list was first published in March 1987. Pacific Press / Contributor / Getty Images The 15 richest people in Africa have a combined net. The 50 Richest People in Crypto | Entrepreneur Tana plans to take stakes of between 25 and 50 percent in targeted companies, investing between $40 million and $50 million per deal. Age: 73 years (as of 2023) Country of origin: South Africa. He is the founder of the Capitec Bank back in 2001, and has become a billionaire over the time. Source of wealth: Dos Santos is the daughter of the former president of Angola. He is the founder of IIP Media and owns several media businesses through his company and has generated great wealth over the years. The 10 Richest People in the World - Investopedia Soon-Shiong is a citizen of South Africa and the United States. Black billionaires - Wikipedia Being a construction magnate, he also runs one of the largest fertilizer production. There is also Isabel dos Santos, daughter of the former president of Angola, who made her fortune and generated criticism by investing in various Angolan companies throughout her father's presidency. It is also the operator of Egypt's largest supermarket chain, Metro Markets. The Top 50 Richest People Have Lost More Than Half a Trillion Dollars Forbes reported that the party is over for many of the world's richest people. The organization is focused in the finance industry and is considered one of the best in business. . The company also owns a home appliance company, a steel mill company, and a water purification enterprise. Sierra Leone Safety Travel Tips, Is Lesotho Safe to Visit? Bill Gates is an American billionaire entrepreneur, author and philanthropist who has a net worth of $131 billion. You may opt-out by. Orji Uzor comes on the list of self-made billionaires. ), Read More: The Full List of Africas Richest People. The company manufactures liquid petroleum and other chemicals. He founded the Ruparelia Group that has garnered over 300 properties since its inception. Only Patrice Motsepe breaks the top 10 with his personal worth of R22.7 billion. # Most Popular Places To Birdwatch In Each US State The Angolan court claimed that actions taken by Dos Santos, her husband Sindika Dokolo (who died in October 2020, reportedly in a scuba diving accident) and one other associate caused the Angolan government losses of at least $1.14 billion. Lesotho Safety Travel Tips, Is Egypt Safe to Visit? Richest people in South Africa - BusinessTech Africa's Billionaires 2023 - Forbes The Forbes 400 Richest Americans list has been published annually since 1982. He has now moved on to the steel industry and quickly gained traction. For the tenth year in a row, Aliko Dangote of Nigeria is the continent's richest person, worth $12.1 billion, up by $2 billion from last year's list thanks to a roughly 30% rise in the share price of Dangote Cement, by far his most valuable asset. The 15 richest people in Africa have a combined net worth of over $76 billion. Dangote, presently ranked 124th among the world's richest billionaires, is the only Nigerian in the top 200 world billionaires and one of the two Africans within that bracket; with South Africa . 3, worth an estimated $8.7 billion. This is according to a. Since the mid-1970s, Koffi Olomide has cemented his place as one of the best-known African musicians. His source of income is not limited to this as he also diversifies his assets by investing in various organizations. Sudhir Ruparelia is a Ugandan billionaire who is known to be one of the largest real estate investors in the country. Ranked: Top 50 Richest Families In The United States, 2021 The 18 richest people in Africa have a combined net worth of over $73.9 billion, with Aliko Dangote topping the list with a net worth of $12.6 billion. In its latest listing, which measured Africa's richest's fortunes as at the end of 2014, South Africa was trumped by Nigeria as the country with the most wealthy individuals in the top. The business has multiple specialties, including shipping, manufacturing, engineering, and more. 2. According to Forbes, the continent has 18 billionaires this year, down from 20 in 2020. He became the first Black African to appear on the Forbes list in 2008 after he has deemed a billionaire. The following Forbes list of South African billionaires is based on an annual assessment of wealth and assets compiled and published by Forbes magazine in 2021. Tunde Folawyo founded a Nigerian company called the Yinka Folawiyo Group. [10] Rihanna is of both Guyanese and Irish descent. He is the owner and founder of the Indian multinational conglomerate Adani Group. His investments in edible oils, textiles, and manufacturing plants paid off as his company now generates excessive profits. The company is renowned to be one of the largest financial firms in South Africa. Johann Rupert & family $10.7 B Fashion & Retail 3. Nigeria: Forbes 2023 Index - Dangote Still Africa's Richest Man for The company, OTMT is known to be highly profitable with investments in multiple other industries. Arnaults net worth is estimated at $175 billion by Bloomberg. Coming in second on the list of the wealthiest Africans in 2023 is Johann Rupert and his family. Portugal Safety Travel Tips. List of wealthiest Americans by net worth - Wikipedia A surge in housing developments in Nigeria and growth in government infrastructure spending drove higher demand in the first nine months of 2021, analysts found. As Forbes notes, during her father's presidency, she acquired stakes in various Angolan companies, such as a telecommunications company. He made more than $4 billion when he sold his stake in the telecom company Vimpelcom in 2011. Top 50 Richest Africans | Africa Facts Their investments have contributed to the country's economic growth. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa. And Isabel dos Santos, who since 2013 has been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal.