Amidst the whirlwind of economic shifts sweeping across the African continent, the fortunes of its wealthiest individuals have undergone significant transformations. At the dawn of 2024, Johann Rupert & Family claimed the mantle of Africa’s richest, wielding a formidable net worth of $10.3 billion. Yet, Aliko Dangote, not to be outdone, trailed closely with a substantial $9.5 billion to his name. Fast forward to the present, and the tides have turned dramatically. Dangote’s fortune has surged to an impressive $15.1 billion, relegating Rupert & Family to a trailing position with $11.2 billion.
In this fluid landscape of wealth, notable shifts have occurred. Issad Rebrab & Family, once a stalwart on Africa’s top 10 billionaire list with a fortune of $4.6 billion, has now bowed out, making way for Koos Bekker, who ascends to elite status with a worth of $2.7 billion.
Meanwhile, the narrative of Nigerian tycoon, Mike Adenuga, unfolds as a tale of remarkable ascent. Starting the year as the 10th richest with $3.1 billion, Adenuga now commands a staggering $6.9 billion, securing the coveted 6th position among Africa’s wealthiest.
Below stands the revised roster of Africa’s 10 richest individuals in Q1, 2024:
Rank | Name | Net Worth | Country | Industry | Global Rank
1 | Aliko Dangote | $15.1 billion | Nigeria | Cement, Sugar | 129th
2 | Johann Rupert & Family | $11.2 billion | South Africa | Luxury goods | 228th
3 | Nicky Oppenheimer & Family | $9.5 billion | South Africa | Diamonds | 256th
4 | Nassef Sawiris | $8.9 billion | Egypt | Construction and investments | 287th
5 | Nathan Kirsh | $7.1 billion | Eswatini (Swaziland) | Retail, real estate | 384th
6 | Mike Adenuga | $6.9 billion | Nigeria | Telecom, oil | 407th
7 | Abdulsamad Rabiu | $6.3 billion | Nigeria | Cement, Sugar | 461st
8 | Naguib Sawiris | $3.8 billion | Egypt | Telecom | 846th
9 | Mohamed Mansour | $3.2 billion | Egypt | Diversified | 1039th
10 | Koos Bekker | $2.7 billion | South Africa | Media, investments | 1255th
This dynamic landscape underscores the fluidity of wealth in an ever-evolving economic ecosystem, where fortunes rise and fall amidst the shifting sands of prosperity.
By: Moses Desire Kouyo- Broadcast Journalist