THE African billionaire landscape, as delineated by Forbes, is largely dominated by the top 10 wealthiest individuals, who collectively constitute half of the continent’s 20 billionaires. However, beyond this elite group lies a cadre of notable individuals who have also ascended to billionaire status through their entrepreneurial acumen and business ventures. South African mining magnate…
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Forbes Africa
Published 2 months ago
By David Dawkins, Ariel Shapiro, Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A. Dolan
In Africa as elsewhere in the world the wealthiest have come through the pandemic just fine. The continent’s 18 billionaires are worth an average $4.1 billion, 12% more than a year ago, driven in part by Nigeria’s surging stock market. 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 second richest is Nassef Sawiris of Egypt, whose largest asset is a nearly 6% stake in sportswear maker Adidas. At number three: Nicky Oppenheimer of South Africa, who inherited a stake in diamond firm DeBeers and ran the company until 2012, when he sold his family’s 40% stake in DeBeers to mining giant AngloAmerican for $5.1 billion.