Top 10 Richest People in Africa as of May 1, 2024

(Picture taken from Forbes page.)

As of May 1, 2024, Africa boasts a lineup of some of the wealthiest individuals on the continent, showcasing a diverse range of industries and origins of wealth. Here is a snapshot of the top 10 richest people in Africa based on the latest available data:

Aliko Dangote

Net Worth: $13.9 billion
Origin of Wealth: Cement and Sugar
Country: Nigeria
Key Fact: Aliko Dangote has consistently held the top spot as Africa’s richest person for the 13th consecutive year.

Johann Rupert and Family

Net Worth: $10.1 billion
Origin of Wealth: Luxury goods
Country: South Africa

Nicky Oppenheimer & Family

Net Worth: $9.4 billion
Origin of Wealth: Diamonds
Country: South Africa

Nassef Sawiris

Net Worth: $8.7 billion
Origin of Wealth: Construction and Investments
Country: Egypt

Mike Adenuga

Net Worth: $6.9 billion
Origin of Wealth: Telecom and Oil
Country: Nigeria

Abdulsamad Rabiu

Net Worth: $5.9 billion
Origin of Wealth: Cement and Sugar
Country: Nigeria

Naguib Sawiris

Net Worth: $3.8 billion
Origin of Wealth: Telecom
Country: Egypt

Mohamed Mansour

Net Worth: $3.2 billion
Origin of Wealth: Diversified
Country: Egypt

Koos Bekker

Net Worth: $2.7 billion
Origin of Wealth: Media, Investments
Country: South Africa

Patrice Motsepe
- Net Worth: $2.7 billion
- Origin of Wealth: Mining
- Country: South Africa

This elite group of individuals represents a mix of self-made entrepreneurs and those who have inherited and grown their wealth. The rankings are a testament to the diverse economic landscape of Africa, with Nigeria, South Africa, and Egypt prominently featured among the top countries with the wealthiest individuals.

Forbes’ annual rich list for 2024 showcases the resilience and growth of Africa’s billionaire class, with notable returns and fluctuations in fortunes, reflecting the dynamic nature of wealth creation on the continent.