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Dangote leads as Forbes lists top 20 African billionaires

The list showcases the financial standing of Africa's business elite, reflecting a slight rebound in their fortunes over the past 12 months.

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Dangote leads as Forbes lists top 20 African billionaires

In the recently released Forbes list of Africa’s richest billionaires for 2024, Aliko Dangote, the President of Dangote Group, has maintained his position as the wealthiest individual on the continent with a net worth of $13.9 billion.

The list showcases the financial standing of Africa’s business elite, reflecting a slight rebound in their fortunes over the past 12 months.

Forbes reported that the combined net worth of the top 20 billionaires on the list reached $82.4 billion, marking a $900 million increase from the previous year’s total of $81.5 billion. Despite a recovery, these fortunes still fell short of their all-time highs.

Here is the full list of Forbes’ top 20 African billionaires for 2024:

1. Aliko Dangote – $13.9 billion
2. Johann Rupert & family – $10.1 billion
3. Nicky Oppenheimer & family – $9.4 billion
4. Nassef Sawiris – $8.7 billion
5. Mike Adenuga – $6.9 billion
6. Abdulsamad Rabiu – $5.9 billion
7. Naguib Sawiris – $3.8 billion
8. Mohammed Mansour – $3.2 billion
9. Roos Bekker – $2.7 billion
10. Patrice Motsepe – $2.7 billion
11. Issad Rebrab & family – $2.5 billion
12. Mohammed Dewji – $1.8 billion
13. Strive Masiyiwa – $1.8 billion
14. Aziz Akhannouch & family – $1.7 billion
15. Othman Benjelloun & family – $1.4 billion
16. Youseff Mansour – $1.3 billion
17. Yassen Mansour – $1.2 billion
18. Christoffel Wiese – $1.2 billion
19. Michiel Le Roux – $1.1 billion
20. Femi Otedola – $1.1 billion

READ ALSO: South African dethrones Dangote as Africa’s richest man

Among the notable figures is Mr. Femi Otedola, the Executive Chairman of Geregu Power Plc and a Non-Executive Director at FBN Holdings, securing the 19th position with a net worth of $1.1 billion.

This annual ranking provides insights into the financial standing of Africa’s business magnates and their contributions to the continent’s economic landscape.

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