THE STATESMAN BILLIONAIRES INDEX: Top 20 Richest People In Africa-2023

Published By Chief Editor For The Statesman Digital
9 months ago

As of July 2023

The Statesman Billionaires Index is a Monthly ranking of the world’s richest people.

Details about the calculations are provided in the net worth analysis on each billionaire’s

profile page and the numbers represent the Ranks from number 1-20.

The figures are updated at the close of every trading day in Kenya.

Africa’s wealthiest people shed a combined $3.1 billion in the past 12 months.

As a group, the continent’s 19 billionaires are worth an estimated

$81.5 billion – down from $84.9 billion a year ago, despite one more billionaire in the ranks.

The 4% dip follows a 15% jump last year on the back of soaring stock prices across the region.

Top 20 Richest People In Africa

	NAME	NET WORTH	COUNTRY	INDUSTRY
1	Aliko Dangote	$13.9B	Nigeria	Diversified
2	Johann Rupert	$10.7B	South Africa	Retail
3	Nicky Oppenheimer	$8.4B	South Africa	Retail
4	Abdulsamad Rabiu	$7.5B	Nigeria	Retail
5	Nassef Sawiris	$7.3B	Egypt	Investments
6	Mike Adenuga	$5.6B	Nigeria	Oil
7	Issad Rebrab	$4.6B	Algeria	Food
8	Naguib Sawiris	$3.3B	Egypt	Telcom
9	Mohamed Mansour	$3.0B	Egypt	Diversified
10	Patrice Motsepe	$2.0B	South Africa	Mining
11	Isabel Santos	$1.8B	Angola	Diversified
12	Strive Masiyiwa	$1.7B	Zimbabwe	Retail
13	Koos Bekker	$1.5B	South Africa	Media
14	Aziz Akhannouch	$1.4B	Morocco	Diversified
15	Mohammed Dewji	$1.3B	Tanzania	Diversified
16	Othman Benjelloun	$1.2B	Morocco	Diversified
17	Youssef Mansour	$900M	Egypt	Diversified
18	Yasseen Mansour	$800M	Egypt	Diversified
19	Folorunsho Alakija	$600M	Nigeria	Oil
20	Cheistoffel Wies	$590M	South Africa	Retail

Source: The Statesman Media

Methodology:

Our list tracks the wealth of African billionaires who reside in Africa or have their primary business there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen, South African Nathan Kirsh, who operates out of London and another billionaire London resident, Mohamed Al-Fayed, an Egyptian citizen. Strive Masiyiwa, a citizen of Zimbabwe and a London resident, appears on the list due to his telecom holdings in Africa.

Net worths were calculated using stock prices and currency exchange rates from the close of business on Friday, January 13, 2023.

The index is a dynamic measure of personal wealth based on changes in markets, the economy and The Statesman reporting. Each net worth figure is updated every business day after the close of trading in Kenya. Stakes in publicly traded companies are valued using the share's most recent closing price. Valuations are converted to U.S. dollars at current exchange rates...