Top 10 Richest Men in Africa at the Start of 2024.Â
In a recent release by Forbes Magazine, South African business mogul Johann Rupert has claimed the title of Africa’s wealthiest man, dethroning the previously reigning Aliko Dangote of Nigeria.
The list, reflecting the net worth of these prominent figures at the start of 2024, showcases the economic dynamics and diverse sources of wealth across the continent.
Richest Men in Africa 2024
Here is the compiled list of Africa’s top 10 richest men:
1. Johann Rupert & Family – $10.3 billion
Johann Rupert, the South African tycoon, leads the list with a net worth of $10.3 billion. The Rupert family’s wealth is derived from their diversified business interests.
2. Aliko Dangote – $9.5 billion
Aliko Dangote, a Nigerian industrialist and previously the continent’s richest man, now holds the second position with a net worth of $9.5 billion. His wealth primarily stems from investments in cement, sugar, and other industries.
3. Nicky Oppenheimer & Family – $8.3 billion
Nicky Oppenheimer and his family, based in South Africa, secure the third spot with a net worth of $8.3 billion. Their wealth is predominantly linked to the diamond mining industry.
4. Nassef Sawiris – $7.4 billion
Egyptian businessman Nassef Sawiris claims the fourth position, amassing a net worth of $7.4 billion. His wealth is notably associated with investments in construction and chemicals.
5. Abdulsamad Rabiu – $5.9 billion
Abdulsamad Rabiu, a Nigerian industrialist, ranks fifth on the list with a net worth of $5.9 billion. His fortune is primarily linked to the cement and sugar industries.
6. Nathan Kirsh – $5.8 billion
Businessman Nathan Kirsh, with a net worth of $5.8 billion, occupies the sixth position. His wealth is derived from investments in retail and real estate.
7. Issad Rebrab & Family – $4.6 billion
Algerian businessman Issad Rebrab and his family secure the seventh spot with a net worth of $4.6 billion. Their wealth spans various industries, including food production.
8. Mohamed Mansour – $3.6 billion
Mohamed Mansour, an Egyptian businessman, holds the eighth position with a net worth of $3.6 billion. His wealth is diversified across sectors such as automotive and consumer goods.
9. Naguib Sawiris – $3.3 billion
Naguib Sawiris, an Egyptian businessman and brother to Nassef Sawiris, claims the ninth position with a net worth of $3.3 billion. His wealth is associated with telecommunications and technology.
10. Mike Adenuga – $3.1 billion
Nigerian entrepreneur Mike Adenuga rounds up the top 10 with a net worth of $3.1 billion. His wealth is predominantly derived from investments in telecommunications and oil.
This reshuffling of Africa’s wealthiest individuals highlights the dynamic nature of the continent’s economic landscape and the diverse sectors contributing to the accumulation of wealth among its business magnates.
