Who is the richest man in Africa today? Ranking of Africa’s wealthiest people in 2023.
The richest people in Africa
In Africa, there are a number of wealthy individuals who own successful businesses and large corporations.
These are the 13 richest Africans with billions of dollars.
According to Forbes magazine, the richest people in Africa have lost $3.1 billion in the last 12 months.
As a group, the wealth of the continent’s 19 billionaires is estimated at $81.5 billion – up from $84.9 billion last year, although there is another billionaire in the ranks.
That said, here are the rankings of Africa’s richest billionaires.
As of this year, Aliko Dangote of Nigeria currently remains the richest person in Africa with an estimated net worth of over $13 billion.
Who is the richest man in Africa today? Ranking of Africa’s wealthiest people in 2023. Here are the richest individuals in Africa, including their net worth and estimated industry:
| Rank | Name | Net Worth (billions, USD) | Industry | Citizenship |
|---|---|---|---|---|
| 1 | Aliko Dangote | $13.5 | Manufacturing |  Nigeria |
| 2 | Johann Rupert & family | $10.7 | Fashion & Retail |  South Africa |
| 3 | Nicky Oppenheimer & family | $8.4 | Metals & mining | South Africa |
| 4 | Abdulsamad Rabiu | $7.6 | Diversified | Nigeria |
| 5 | Nassef Sawiris | $7.3 | Construction & Engineering |  Egypt |
| 6 | Mike Adenuga | $6.3 | Diversified | Nigeria |
| 7 | Issad Rebrab & family | $4.6 | Food & Beverage |  Algeria |
| 8 | Naguib Sawiris | $3.3 | Telecom | Egypt |
| 9 | Patrice Motsepe | $3.2 | Metals & mining | South Africa |
| 10 | Mohamed Mansour | $2.9 | Diversified | Egypt |
| 11 | Koos Bekker | $2.6 | Media & Entertainment | South Africa |
| 12 | Strive Masiyiwa | $1.9 | Telecom |  Zimbabwe |
| 13 | Mohammed Dewji | $1.5 | Diversified |  Tanzania |
| 13 | Aziz Akhannouch & family | $1.5 | Diversified |  Morocco |
| 13 | Youssef Mansour | $1.5 | Diversified | Egypt |
The world’s rich lost wealth in 2022 due to the crisis
The richest of the rich will lose ten percent of their wealth in 2022, after their investment portfolios were affected by rising interest rates due to the war in Ukraine and inflation, according to a study by the consulting center “Knight Frank.”
And according to a study published by the center, the total wealth of those people who are considered among the “richest of the rich”, that is, the wealth of each of them is at least 30 million dollars (including the value of their main residence) “decreased by ten percent in 2022, which is a decrease of about ten thousand one hundred billion dollars.
Liam Bailey, global research expert at Knight Frank, said, “Last year, the Ukrainian crisis exacerbated the European energy crisis, and inflation was already accelerating. As a result, 2022 has seen one of the biggest increases in interest rates in history.
However, the center warned that “if the global economy remains exposed to great risks” in 2023, “the atmosphere in the markets will change rapidly”, with “real opportunities in the global real estate markets”, as it is expected that this year we will reach the turning point in terms of interest rates.
According to the center, 69% of the wealthiest investors expect their portfolios to grow this year.