As the new year unfolds, ambitious individuals, particularly Africa’s billionaires, set forth new financial goals to surpass the achievements of the previous year. These wealthy individuals carry the responsibility of not only growing their personal fortunes but also contributing to the economic prosperity of their respective regions through the substantial businesses they oversee.
PulseNets brings you the exclusive ranking of the top 10 richest people in Africa at the beginning of 2024, courtesy of the Forbes real-time billionaires list. Leading the pack into the new year is Johann Rupert & family, claiming the title of Africa’s richest.
For most billionaires, the pursuit of accumulating more wealth is a perpetual endeavor, despite their already staggering net worth. It is crucial to recognize the pivotal role these high-net-worth individuals play in shaping the continent’s growth. By strategically investing their wealth, they become catalysts for economic development, societal well-being, and the journey toward a more sustainable and inclusive future.
Also Read: Dangote Remains Africa’s Richest Man as Bloomberg Releases Billionaires’ List
This article not only provides insights into Africa’s top billionaires at the start of 2024 but also serves as a reference point for tracking their wealth evolution throughout the year. The data is sourced from the Forbes Daily billionaires ranking platform, offering real-time updates on the net worth of the world’s wealthiest individuals.
Below are the net worth figures for Africa’s top 10 billionaires as of January 1, 2024:
| Rank | Name | Net worth | Country | Industry | Global rank |
|---|---|---|---|---|---|
| 1. | Johann Rupert & Family | $10.3 billion | South Africa | Luxury goods | 192nd |
| 2. | Aliko Dangote | $9.5 billion | Nigeria | Cement, Sugar | 228th |
| 3. | Nicky Oppenheimer & Family | $8.3 billion | South Africa | Diamonds | 283rd |
| 4. | Nassef Sawiris | $7.4 billion | Egypt | Construction and investments | 345th |
| 5. | Abdulsamad Rabiu | $5.9 billion | Nigeria | Cement, Sugar | 489th |
| 6. | Nathan Kirsh | $5.8 billion | Eswatini (Swaziland) | Retail, real estate | 497th |
| 7. | Issad Rebrab & Family | $4.6 billion | Algeria | Food | 647th |
| 8. | Mohamed Mansour | $3.6 billion | Egypt | Diversified | 854th |
| 9. | Naguib Sawiris | $3.3 billion | Egypt | Telecom | 927th |
| 10. | Mike Adenuga | $3.1 billion | Nigeria | Telecom, oil | 1031st |
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