Top 10 Richest People in Africa in 2024

Business Insider Africa has released a list of the top 10 richest people in Africa as of January 3, 2024. The list is based on the daily changes in the net worth of the continent’s wealthiest individuals.

Johann Rupert & Family of South Africa topped the list with a net worth of $25.83 billion. Rupert is the chairman of Richemont, a luxury goods conglomerate that owns brands such as Cartier, Montblanc, and Dunhill.

Aliko Dangote of Nigeria came in second with a net worth of $23.83 billion. Dangote is the founder and chairman of Dangote Group, a diversified conglomerate that includes interests in cement, sugar, flour, and oil.

Nicky Oppenheimer & Family of South Africa rounded out the top three with a net worth of $20.82 billion. Oppenheimer is the chairman of De Beers, a diamond mining company.

Others in the top 10 include:

  • Nassef Sawiris of Egypt ($18.56 billion)
  • Abdulsamad Rabiu of Nigeria ($14.79 billion)
  • Nathan Kirsh of Swaziland ($14.55 billion)
  • Issad Rebrab & Family of Algeria ($11.54 billion)
  • Mohamed Mansour of Egypt ($9.03 billion)
  • Naguib Sawiris of Egypt ($8.27 billion)
  • Mike Adenuga of Nigeria ($7.77 billion)

The list shows that Africa has a growing number of wealthy individuals. The continent’s economy is growing rapidly, and this is creating new opportunities for entrepreneurs and investors.

Here are some key takeaways from the list:

  • South Africa and Egypt are the two countries with the most billionaires in Africa.
  • The majority of the billionaires on the list are involved in the natural resources sector, such as mining and oil.
  • There is a growing number of billionaires from countries other than South Africa and Egypt.

The growth of Africa’s billionaire class is a positive sign for the continent’s economy. It shows that Africa is becoming a more attractive place to do business.

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