In Africa, the number of dollar billionaires fell slightly from 25 last year to 23 this year.
Regardless of the drop in numbers, African billionaires are collectively worth $75.4 billion, down from $70 billion in January 2017
According to Forbes, Nigeria’s Aliko Dangote is currently the richest African man with a net worth of $12.2 billion. Dangote holds the top spot for the seventh year in a row.
The list retained a majority of 2017Billionaires with the exception of South African Allan Gray and Egyptian Mohammed Al Fayed, both of whom are delisted this year; Femi Mohammed Al Fayed was Forbes 15th richest African man in 2017 with a net worth of $1.82 billion that year, while Allan Gray was 13th with an estimated net worth of $1.99 billion.
Although several African billionaires have been removed from the list, new moneybags like Michiel Le Roux have entered the global billionaire league.
13 of the 23 members on the list saw significant growth in their money. However, the money fell for four people and stayed the same for three people.
Moroccan oil and gas entrepreneur Aziz Akhannouch rose from 19th last year ($1.58 billion) to 12th this year with $2.2 billion.
Mike Adenuga, who made the highest profit in 2016African billionaire after his fortune rose from $4 billion to $10 billion and the second-richest on the continent with $5.3 billion fell to fifth that year. In 2017, the billionaire ranked third with a net worth of $6.1 billion.
Angola’s Isabella Dos Santos remains Africa’s richest woman at $2.7 billion. She is followed by Nigerian oil and gas entrepreneur Folorunsho Alakija with a net worth of $1.6 billion. Although Isabella’s net worth has dropped from $3.1 billion to where it is today, she and Alajika remain the only women on the list.
The richest man in Tanzania, Mohammed Dewji (born May 8, 1975 in Tanzania), remains the youngest billionaire in Africa. It rose to $1.5 billion this year from $1.09 billion last year.
Let’s meet African Forbes billionaires 2018.
21. Christoffel Wiese
Country: South Africa
Net Worth: $1.1 billion (Christoffel’s net worth has dropped drastically from $5.9 billion in 2017 to where it is today.)
Industry: retail
21. Onsi Sawiris
Country: Egypt
Net worth (income and earnings): $1.1 billion
Sector: Construction / Telecommunications
21. Desmond Sacco
Country: South Africa
Net Worth (Income and Earnings: $1.1 billion)
Industry: Mining
19.Stephen Saad
Country: South African
Net worth (Income and earnings: $1.21 billion) (Stephen has kept net worth from a decline. Instead, it’s stayed pretty much the same.)
Industry: pharmaceuticals
19.Michiel Le Roux
Country: South Africa
Net worth: $1.2 billion (Michiel is a newcomer to the list as inventory is up more than 50 percent over the past 12 months.)
Industry: Banking
18.Youssef Mansour
Country: Egypt
Net Worth (Income and Earnings: $1.4 billion)
Industry: Diversified companies
17. Mohammed Dewji
Country: Tanzania
Wealth (income and earnings): $1.5 billion, up from $1.4 billion in 2017.
Industry: Diversified companies
16. Othman Benjelloun
Country: Morocco
Wealth (income and earnings): $1.6 billion (up from $1.9 billion in 2017)
Sector: banks / insurance companies
15. Folorunsho Alakija
Country: Nigeria
Net worth (income and earnings): $1.6 billion
Industry: Oil & Gas
14. Aim for Masiyiwa
Country: Zimbabwe
Net worth (income and earnings) : $1.7 billion
Industry: Telecommunications
13. Yasseen Mansour
Country: Egypt
Wealth (income and earnings): $1.9 billion, up from $1.76 billion in 2017.
Industry: Diversified companies
12. Aziz Akhannouch
Country: Morocco
Net worth (income and earnings): $2.2 billion. (In 2017, Aziz’s net worth was estimated at $1.58 billion.)
Industry: Oil, Diversified companies
11. Patrice Motsepe
Country: South Africa
Net worth: $2.4 billion (Patricia made a few more dollars over the past year when he made his $1.81 billion net worth in 2017).
Industry: Mining
10. Mohamed Mansour
Country: Egypt
Net Worth: $2.7 billion (Mohamed has neither lost nor won over the past year. He has been able to maintain his net worth, which was also estimated at $2.7 billion in 2017.)
Industry: Diversified companies
9. Isabel dos Santos
Country: Angola
Net Worth (Income and earnings: $2.7 billion) (Isabel has lost a few dollars, down from $3.1 billion in 2017, but remains the woman in Africa)
Sector: investments
8. Koos Becker
Country: South Africa
Wealth (income and earnings): $2.8 billion (was $2.1 billion in 2017)
Sector: Media / Investments
6. Naguib Sawiris
Country: Egypt
Net Worth (Income and Earnings: $4 billion)
Industry: Telecommunications
6. Isad Rebrab
Country: Algeria
Net worth (income and earnings: $4 billion) (up from $3.1 billion in 2007)
Industry: food
5. Mike Adenuga
Country: Nigeria
Net worth: $5.3 billion (Mike appears to be on the losing side as his net worth has fallen from $6.2 billion in 2017.)
Industry: Diversified Companies (Telecom/Oil & Gas/Real Estate)
4. Nassef Sawiris
Country: Egypt
Net worth (Income and earnings: $6.8 billion) (His net worth increased from $6.2 billion in 2017)
Sector: Construction / Chemicals
3. John Rupert
Country: South Africa
Net worth: $7.2 billion (His net worth increased from $6.3 billion in 2017)
Industry: luxury goods
2.Nicky Oppenheimer
Country: South Africa
Net worth (income and earnings): $7.7 billion
Industry: diamonds
1. Aliko Dangote
Country: Nigeria
Net worth (income and earnings): $12.2 billion
Industry: consumer goods (cement / flour / sugar / salt)