Limited Velocity On The Forbes’ Richest Africans

Limited Velocity On The Forbes’ Richest Africans

The velocity of wealth in Africa is very low. Two decades ago, Forbes (global) had the Walmart heirs within the 3rd to 6th positions as America’s richest people. But today, most of them have disappeared from the top league. Sure, Gates, Buffet and some regulars remain. 

But you can see movements with Elon Musk, Jeff Bezos, Zuckerberg, etc coming up. But the Forbes Africa list is pure and plain static with no movement. Nigerian billionaires – Aliko Dangote, Mike Adenuga and Abdul Samad Rabiu – are on the list. There is no women in this year’s ranking.

Technology-anchored super-wealth remains an alien in Africa – but that will change within a decade!

The full list of African Billionaires

Rank Name Net Worth Age Origin of Wealth
#1 Aliko Dangote $12.1 B 63 cement, sugar
#2 Nassef Sawiris $8.5 B 60 construction, investments
#3 Nicky Oppenheimer $8 B 75 diamonds
#4 Johann Rupert $7.2 B 70 luxury goods
#5 Mike Adenuga $6.3 B 67 telecom, oil
#6 Abdulsamad Rabiu $5.5 B 60 cement, sugar
#7 Issad Rebrab $4.8 B 77 food
#8 Naguib Sawiris $3.2 B 66 telecom
#9 Patrice Motsepe $3 B 58 mining
#10 Koos Bekker $2.8 B 68 media, investments
#11 Mohamed Mansour $2.5 B 73 diversified
#12 Aziz Akhannouch $2 B 60 petroleum, diversified
#13 Mohammed Dewji $1.6 B 45 diversified
#14 Youssef Mansour $1.5 B 75 diversified
#15 Othman Benjelloun $1.3 B 88 banking, insurance
#16 Michiel Le Roux $1.2 B 71 banking
#16 Strive Masiyiwa $1.2 B 59 telecom
#18 Yasseen Mansour $1.1 B 59 diversified
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