Audio By Carbonatix
Aliko Dangote has once again cemented his place as Africa’s wealthiest man, topping Forbes’ Real-Time Billionaires List with a net worth of $24.4 billion and ranking 88th globally.
The latest ranking, released on Saturday, underscores Dangote’s unmatched dominance in Africa’s wealth hierarchy, where he stands far ahead of his Nigerian peers. Abdulsamad Rabiu follows at $7.2 billion (#516), Mike Adenuga at $6.3 billion (#592), and Femi Otedola at $1.5 billion (#2424).
Dangote’s wealth is more than triple Rabiu’s, nearly four times Adenuga’s, and over 16 times Otedola’s, a testament to his commanding presence on the continent’s billionaire stage.
Since first appearing on Forbes’ list in 2008, Dangote has remained a fixture, reclaiming his spot in 2011 and holding the title of Africa’s richest man for 14 consecutive years. His fortune, largely driven by cement, sugar, and the landmark petroleum refinery launched in 2023, has reinforced his role as a symbol of Nigeria’s industrial strength.
While Dangote leads, other Nigerian billionaires continue to secure their places. Rabiu, with strongholds in cement and sugar, and Adenuga, with investments in telecommunications and oil, remain prominent players. Otedola, whose portfolio spans energy and utilities, made a return to the list after years away, reflecting renewed momentum in his business empire.
Together, the four represent Nigeria’s concentration of billionaire wealth across a handful of critical sectors—manufacturing, oil, telecommunications, and power.
In South Africa, luxury goods tycoon Johann Rupert tops the chart at $13.2bn, followed by former diamond boss Nicky Oppenheimer, with $10.4bn.
Others include Koos Bekker with $3.8bn, mining magnate Patrice Motsepe with $3.4bn, banker Michiel le Roux with $2.7bn, Jannie Mouton and family with $1.9bn, and retail investor Christoffel Wiese with $1.7bn.
Egypt’s wealthy cohort is headlined by Nassef Sawiris ($8.8bn) and Naguib Sawiris ($5.0bn).
The Mansour brothers, Mohamed ($3.4bn), Youssef ($1.4bn), and Yasseen ($1.2bn), complete the country’s strong showing.
Beyond the three dominant nations, Eswatini’s Nathan Kirsh holds a net worth of $8.0bn.
Morocco contributes three names: Othman Benjelloun & family ($2.0bn), Aziz Akhannouch ($1.6bn), and Anas Sefrioui & family ($1.6bn).
Tanzania’s Mohammed Dewji sits at $2.2bn, while Zimbabwe’s Strive Masiyiwa has $1.3bn.
Latest Stories
-
Kofi Bentil calls for special court to tackle election-related cases
3 minutes -
Former deputy A-G alleges improper court process in Kpandai election matter
13 minutes -
‘Aben Wo Ha News’ fanbase bond over year-end excursion to Buaben-Fiema and Kintampo falls
16 minutes -
Clerk to parliament overstepped in triggering EC action on Kpandai seat- Tuah-Yeboah
41 minutes -
Nyindam should remain an MP until appeals end – Prof Appiagyei-Atua
45 minutes -
The idea that elections are won at the polling stations generates violence – Kofi Bentil
1 hour -
Parliament’s declaration Kpandai seat vacant was premature – Kofi Bentil
1 hour -
Ashanti Regional Police deploy over 1,000 officers for festive security
2 hours -
Green Communities International appoints Ing. Prof. Douglas Boateng as board chair to drive Africa’s green transition
2 hours -
Ghana’s Sahel envoy facilitates release of Nigerian aircraft from Burkina Faso
2 hours -
MIIF, Gold Fields executives hold strategic talks on potential investment opportunities
2 hours -
Ghana temporarily closes five historic coastal forts for maintenance
2 hours -
Trade Minister tours Ekumfi Juice Factory, assures support for expansion
2 hours -
Canada and Ghana explore new frontiers to boost trade and investment
2 hours -
Gov’t moves to validate national agribusiness policy for inclusive growth
2 hours
