2018 African Billionaires

In Africa, the number of “dollar” billionaires slightly went down from 25 last year to 23 this year.

Regardless of the fall in number, the African billionaires are worth $75.4billion combined, in contrast to $70billion in January 2017

Forbes says that Nigeria’s Aliko Dangote remains the richest African at the moment with a net worth of $12.2 billion. Dangote will be occupying the top spot for the seventh year in a row.

The list retained a majority of the 2017 billionaires with the exception of South Africa’s Allan Gray and Egyptian Mohammed Al Fayed, both of whom fell off the list this year; Femi Mohammed Al Fayed was Forbes 15th richest African in 2017 for his $1.82 billion net worth that year while Allan Gray was the 13th with a net worth estimated at $1.99 billion.

Although several of African billionaires fell off the list, new moneybags such as Michiel Le Roux have joined the global billionaire’s league.

Like always, a majority of the African billionaires are from Egypt and South Africa. The list comprises of 8 South Africans; 5 Egyptians; 2 Moroccans; 3 Nigerians; and 1 billionaire each from Tanzania, Algeria, Angola and Zimbabwe.

13 of the 23 list members witnessed significant growth in their money. However, money fell for four people and stayed the same for three people.

Morocco’s oil & gas businessman, Aziz Akhannouch went up from the 19th position last year ($1.58 billion)to 12th position this year with $2.2 billion.

Mike Adenuga who was 2016’s highest gaining African billionaire after his net worth jumped from $4 billion to $10 billion and 2nd richest in the continent fell to the 5th this year with $ 5.3 billion. In 2017, the billionaire took the 3rd spot with a net worth of $6.1 billion.

Angolan Isabella Dos Santos is still Africa’s richest woman with $2.7 billion. She is followed by Nigeria’s oil and gas businesswoman, Folorunsho Alakija with a $1.6 billion net worth. Despite isabella’s wealth falling from $3.1 billion to what it is now, she and Alajika remain the only women on the list.

Tanzania’s richest man, Mohammed Dewji (born 8 May 1975) is still the youngest billionaire in Africa with a significant rise from $1.09 billion last year to $ 1.5 billion this year.

Let’s meet Forbes 2018 African billionaires.

See Also: 2017 Forbes Billionaires: Bill Gates Leads The World’s Richest For 18 Years With $86 Billion

21. Christoffel Wiese

Country: South Africa

Net Worth: $ 1.1 Billion (Christoffel net worth fell drastically from $5.9 billion in 2017 to what it is now)

Industry: Retail

Wiesse

21. Onsi Sawiris

 Country: Egypt

Net Worth: $1.1 Billion

Industry: Construction/Telecom

21. Desmond Sacco

Country: South Africa

Net Worth: $1.1 Billion (Desmond luckily returns to the list after a dramatic rise in stock price; up to 60 percent in the last 12 months)

Industry: Mining

19. Stephen Saad

Country: South African

Net Worth: $1.21 Billion (Stephen has been able to sustain his net worth  from  falling. Instead it has remained almost the same) 

Industry: Pharmaceuticals

19.Michiel Le Roux

Country: South Africa

Net worth: $1.2 Billion (Michiel is a newcomer on the list thanks to the more than 50 percent jump in stock in the last 12 months)

Industry: Banking

18. Youssef Mansour

Country: Egypt

Net Worth: $1.4 Billion (Youssef jumped from being the 22nd richest man in Africa to 18th person for growing his wealth from $ 1.15 billion to what it is now)

Industry: Diversified Businesses

17. Mohammed Dewji

Country: Tanzania

Net Worth: $ 1.5 billion from 1.4 billion in 2017.

Industry: Diversified Businesses

mohammed dewji

16. Othman Benjelloun

Country: Morocco

Net Worth: $ 1.6 Billion (from $1.9 billion it was in 2017)

Industry: Banking/Insurance

Othman-Benjelloun

15. Folorunsho Alakija

Country: Nigeria

Net Worth: $1.6 Billion

Industry: Oil & Gas

Folorunsho Alakija

14. Strive Masiyiwa

Country: Zimbabwe

Net Worth: $1.7 Billion

Industry: Telecom

13. Yasseen Mansour

Country: Egypt

Net Worth: $ 1.9 billion from 1.76 billion it was in 2017.

Industry: Diversified Businesses

Yasseen_Mansour

12. Aziz Akhannouch

Country: Morocco

Net Worth: $ 2.2 Billion. (In 2017, Aziz’s net worth was estimated at 1.58 billion)

Industry: Petroleum, Diversified Businesses

Aziz-Akhannouch

11. Patrice Motsepe

Country: South Africa

Net Worth: $ 2.4 Billion (Patricia has earned some more dollars in the past year with his net worth jumping from $1.81 billion it was in 2017).

Industry: Mining

Patrice-Motsepe

10. Mohamed Mansour

Country: Egypt

Net Worth: $2.7 Billion (Mohamed didn’t lose or gain in the past year. He has been able to sustain his net worth which was also estimated at $2.7 billion in 2017)

Industry: Diversified Businesses

Mohamed-Mansour

9. Isabel dos Santos

Country: Angola

Net Worth: $2.7 Billion (Isabel lost some dollars, falling from $3.1 billion she had in 2017 but remains the woman in Africa)

Industry: Investments

Isabel-dos-Santos

8. Koos Bekker

Country: South Africa

Net Worth: $2.8 Billion ( was $2.1 billion in 2017)

Industry: Media/Investments

Koos-Bekker

6. Naguib Sawiris

Country: Egypt

Net Worth: $ 4 Billion (His fortune Grew from $3.8 billion)

Industry: Telecoms

Naguib-Sawiris

6. Issad Rebrab

Country: Algeria

Net Worth: $4 Billion (Grew from $3.1 billion he had in 2007)

Industry: Food

Issad-Rebrab

5. Mike Adenuga

Country: Nigeria

Net Worth: $5.3 Billion (Seems Mike is on the losing side as his net worth fell from $6.2 billion he had in 2017) 

Industry: Diversified Businesses (Telecom/Oil & Gas/Real Estate)

Mike Adenuga

4. Nassef Sawiris

Country: Egypt

Net Worth: $6.8 Billion (His fortune grew from $6.2 billion he had in 2017)

Industry: Construction/Chemicals

Nassef-Sawiris1

3. Johann Rupert

Country: South Africa

Net Worth: $7.2 Billion (His wealth grew from $ 6.3 billion in 2017)

Industry: Luxury Goods

Johanne-Rupert

2. Nicky Oppenheimer

Country: South Africa

Net Worth: $7.7 Billion

Industry: Diamonds

BRITAIN-SAFRICA-MINING-COMPANY-ANGLOAMERICAN-DEBEERS-FILES

1. Aliko Dangote

Country: Nigeria

Net Worth: $12.2 Billion

Industry: Consumer Goods (Cement/ Flour/Sugar/Salt)

Aliko-Dangote

 

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