Africa’s Wealthiest People: Top 5 Richest Led by a South African

Africa’s Wealthiest People: A Look at the Billionaires Shaping Africa’s Economy in 2024

Africa is home to some of the world’s most successful business magnates. The continent’s top five wealthiest people reflect a combination of diverse industries ranging from retail to telecommunications. Notably, a South African leads the list, cementing the country’s place as a hub for entrepreneurship and wealth creation. Here’s a look at the top five richest Africans as of 2024.

1. Johann Rupert (South Africa)

Net worth: $12 billion
Industry: Luxury goods, Retail
Johann Rupert, the founder of Richemont, leads the African billionaires’ list with significant holdings in luxury brands like Cartier and Montblanc.

2. Aliko Dangote (Nigeria)

Net worth: $11.8 billion
Industry: Cement, Commodities
Dangote is a household name across Africa, particularly for his cement empire and ventures in sugar and flour.

3. Nicky Oppenheimer (South Africa)

Net worth: $8.5 billion
Industry: Diamonds
The former chairman of De Beers, Oppenheimer, has long been associated with diamonds and mining in South Africa.

4. Nassef Sawiris (Egypt)

Net worth: $8.3 billion
Industry: Construction, Chemicals
Sawiris runs Orascom Construction, one of Egypt’s largest companies, and has investments in European football clubs.

5. Mike Adenuga (Nigeria)

Net worth: $6.2 billion
Industry: Telecommunications, Oil
Adenuga, the owner of Globacom, is a telecommunications giant and has vast interests in Nigeria’s oil sector.

The list of the wealthiest people represents Africa’s potential for growth, innovation, and wealth creation, each contributing uniquely to the continent’s economic landscape.

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