15 richest people in Africa, according to Forbes

2021-03-27 17:50:30
15 richest people in Africa, according to Forbes

In this article, we discuss the 15 richest people in Africa, according to Forbes, an American magazine well known for its lists and rankings of the richest people in the US and around the world.

The African economy is booming as we see more and more intensive economic activities around the continent. With a nominal GDP of $2.9 trillion, analysts predict that in the coming decades, miraculous progress would be observed through the African landscape.

By 2050, African GDP is expected to surpass $29 trillion. In 2018, Forbes listed some 23 individuals with a net worth of more than a billion-dollar. Africa's billionaires come from seven different countries. South Africa and Egypt each share five billionaires, with Nigeria and Morocco each having three. The top 15 richest African billionaires accumulated a combined net worth of $76 billion.

The African economy witnessed a contraction of 2.1% during 2020. However, African billionaires, much like their counterparts in the rest of the world, saw their wealth grow by more than 12%. If you look at the areas of the economy where these billionaires are concentrated, you will find industries like vehicle manufacturing, oil production, real estate development, telecom sector, luxury goods, etc.

As the African economy recovers, these high-net-worth individuals will see an even bigger spike in their wealth. African GDP will witness an economic recovery during the fiscal year 2021, with an estimated growth rate of 3.4%.

15) Othman Benjelloun (Morocco) Net worth: $1.3 billion (2021) Age: 88

14) Youssef Mansour (Egypt) Net worth: $1.5 billion (2021) Age: 75

13) Mohammed Dewji (Tanzania) Net worth: $1.6 billion (2021) Age: 45

12) Aziz Akhannouch (Morocco) Net worth: $2 billion (2021) Age: 60

11) Mohamed Mansour (Egypt) Net worth: $2.5 billion (2021) Age: 72

10) Koos Bekker (South Africa) Net worth: $2.8 billion (2021) Age: 68

9) Patrice Motsepe (South Africa) Net worth: $3 billion (2021) Age: 58

8) Naguib Sawiris (Egypt) Net worth: $3.2 billion (2021) Age: 66

7) Issad Rebrab (Algeria) Net worth: $4.8 billion (2021) Age: 77

6) Abdulsamad Rabiu (Nigeria) Net worth: $5.5 billion (2021) Age: 60

5) Mike Adenuga (Nigeria) Net worth: $6.1 billion (2021) Age: 67

4) Johann Rupert (South Africa) Net worth: $7.3 billion (2021) Age: 70

3) Nicky Oppenheimer (South Africa) Net worth: $8 billion (2021) Age: 75

2) Nassef Sawiris (Egypt) Net worth: $8.12 billion (2021) Age: 59

1) Aliko Dangote (Nigeria) Net worth: $11.3 billion (2021) Age: 63

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