Introduction
The economic landscape of 2024 has been a rollercoaster for Africa’s wealthiest individuals. Various market dynamics and economic policies have influenced the fortunes of the continent’s billionaires, resulting in notable shifts in their net worth since January. As we move past the first quarter, let’s explore the significant changes among Africa’s top 10 billionaires, drawing insights from the Forbes Billionaire Index.
1. Aliko Dangote – Nigeria
- Current Net Worth 13.4 billion
- Current Net Worth in January: $9.5 billion
- Change + $3.9 billion
The Nigerian magnate has seen a remarkable increase in wealth, largely due to the anticipated growth from his new oil refinery project. Dangote’s ascent to reclaim his position as Africa’s wealthiest man highlights his continued influence and success in the continent’s economic sphere.
2. Johann Rupert & Family – South Africa
Current Net Worth: $12.2 billion- Net Worth in January: $10.3 billion
- Change: +$1.9 billion
Current Net Worth:The Rupert family continues to thrive financially, solidifying their status among Africa’s elite, with a significant boost in their fortune over the past few months.
3. Nicky Oppenheimer & Family – South Africa
- Current Net Worth: $9.5 billion
- Net Worth in January: $8.3 billion
- Change: +$1.2 billion
4. Nassef Sawiris – Egypt
- Current Net Worth: $8.8 billion
- Net Worth in January: $7.4 billion
- Change: +$1.4 billion
5. Nathan Kirsh – Eswatini (Swaziland)
- Current Net Worth: $7.2 billion
- Net Worth in January: $5.8 billion
- Change: +$1.4 billion
6. Mike Adenuga – Nigeria
- Current Net Worth: $6.7 billion
- Net Worth in January: $3.1 billion
- Change: +$3.6 billion
7. Abdulsamad Rabiu – Nigeria
- Current Net Worth: $5.2 billion
- Net Worth in January: $5.9 billion
- Change: -$0.7 billion
8. Naguib Sawiris – Egypt
- Current Net Worth: $3.8 billion
- Net Worth in January: $3.3 billion
- Change: +$0.5 billion
9. Mohamed Mansour – Egypt
- Current Net Worth: $3.3 billion
- Net Worth in January: $3.6 billion
- Change: -$0.3 billion
10. Issad Rebrab & Family – Algeria
- Current Net Worth: $2.5 billion
- Net Worth in January: $4.6 billion
- Change: -$2.1 billion
Conclusion
The dynamic nature of wealth and economic influence in Africa is evident from the fluctuations seen in the net worth of its richest individuals. From dramatic increases to notable declines, these billionaires’ fortunes reflect broader economic trends and their ability to adapt to changing market environments. As Africa continues to evolve economically, it will be intriguing to see how these top businessmen navigate the opportunities and challenges that lie ahead.
Disclaimer
This analysis is based on data from the Forbes Billionaire Index as of the end of Q1 2024 and may be subject to change. For the most current financial data, refer to the latest releases by
| Rank | Name | Country | Current Net Worth | Net Worth at Start of Year | Change in Net Worth |
|---|---|---|---|---|---|
| 1 | Aliko Dangote | Nigeria | $13.4 billion | $9.5 billion | +$3.9 billion |
| 2 | Johann Rupert & Family | South Africa | $12.2 billion | $10.3 billion | +$1.9 billion |
| 3 | Nicky Oppenheimer & Family | South Africa | $9.5 billion | $8.3 billion | +$1.2 billion |
| 4 | Nassef Sawiris | Egypt | $8.8 billion | $7.4 billion | +$1.4 billion |
| 5 | Nathan Kirsh | Eswatini (Swaziland) | $7.2 billion | $5.8 billion | +$1.4 billion |
| 6 | Mike Adenuga | Nigeria | $6.7 billion | $3.1 billion | +$3.6 billion |
| 7 | Abdulsamad Rabiu | Nigeria | $5.2 billion | $5.9 billion | -$0.7 billion |
| 8 | Naguib Sawiris | Egypt | $3.8 billion | $3.3 billion | +$0.5 billion |
| 9 | Mohamed Mansour | Egypt | $3.3 billion | $3.6 billion | -$0.3 billion |
| 10 | Issad Rebrab & Family | Algeria | $2.5 billion | $4.6 billion | -$2.1 billion |
