Despite the political unrest that followed the February presidential election and the depreciation of the naira in 2023 that countered the increasing value of Dangote Cement's shares, Nigeria's Aliko Dangote, whose wealth increased by $400 million to $13.9 billion, maintained the top spot on the ranking for the thirteenth consecutive year.
Magnate Johann Rupert of South Africa, a purveyor of luxury goods, maintained his second-place ranking with $10.1 billion, down from $10.7 billion in 2023 as a result of declining shares of his Compagnie Financiere Richemont, which produces Montblanc pens and Cartier watches.
Nicky Oppenheimer, a South African who sold the diamond mining company DeBeers to Anglo American mining company ten years ago, is ranked third with $9.4 billion, up $1 billion from 2023.
This year, thirteen billionaires witnessed an increase in their wealth, while seven saw a decrease in their net worth.
Forbes calculated the net worth using January 8, 2024, stock prices and currency exchange rates.
Below is the list of the top 20 richest billionaires in Africa
1. Aliko Dangote – $13.9 billion
2. Johann Rupert & family – $10.1 billion
3. Nicky Oppenheimer & family – $9.4 billion
4. Nassef Sawiris – $8.7 billion
5. Mike Adenuga – $6.9 billion
6. Abdulsamad Rabiu – $5.9 billion
7. Naguib Sawiris -$3.8 billion
8. Mohammed Mansour – $3.2 billion
9. Roos Bekker – $2.7 billion
10. Patrice Motsepe – $2.7 billion
11. Issad Rebrab & family – $2.5 billion
12. Mohammed Dewji – $1.8 billion
13. Strive Masiyiwa – $1.8 billion
14. Aziz Akhannouch & family – $1.7 billion
15. Othman Benjelloun & family – $1.4 billion
16. Youseff Mansour – $1.3 billion
17. Yassen Mansour – $1.2 billion
18. Christoffel Wiese – $1.2 billion
19. Michiel Le Roux – $1.1 billion
20. Femi Otedola – $1.1 billion
