African Vibes Magazine’s 2017 African Billionaires List

Aliko Dangote

Aliko Dangote
Aliko Dangote

It was an interesting year for African billionaires as some fortunes shrunk and others grew. Notably, Africa’s richest man, Aliko Dangote’s wealth dropped by a couple of billions, giving South African/Canadian/American billionaire and founder of Tesla Motors, Elon Musk the edge he needed to top the list.

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African Countries represented on the Billionaire list

In 2017, South Africa still topped the list with 9 billionaires after dropping Christoffel Wiese and adding Stephen Saad and Desmond Sacco. Egypt’s list grew to 8 billionaires with Sawiris family patriarch back on the list.

Nigeria’s billionaires dropped from 5 to 3, dropping Abdulsamad Rabiu and Femi Otedola. The other countries represented are Angola, Algeria, Ethiopia, Sudan, Swaziland, and Zimbabwe with their first Billionaire.

African Billionaire Age groups

Mohammed Dewji
Mohammed Dewji

There are 3 billionaires in their forties, 5 in their fifties, 8 in their sixties, 7 in their seventies, and 5 in their eighties. Africa’s youngest Billionaire is still Mohammed Dewji from Tanzania at Age 42.

ALSO READ: South African Billionaire Patrice Motsepe Invests $17.3 Million In A New Venture. Here Is Why

Methodology

The African Billionaires list is a snapshot of wealth taken on January 1, 2018. It is based on the Forbes Real-time billionaire wealth calculator. The calculation is derived from stock prices and exchange rates from around the world used to calculate net worths. Some fortunes change from day to day due to fluctuations in the market.

The list is based on individuals rather than multigenerational families who share large fortunes, though included is wealth belonging to a billionaire’s spouse and children if the current list member is the founder of the fortune. In that case, you’ll see “& family” on the list. Also included are married couples who built fortunes and businesses together. 

PictureAfrica RankForbes RankNameNet WorthAgeWealth SourceHometown/
Residence
elon-musk_100x1001#61Elon Musk$19.6 B46Self Made, Tesla MotorsSouth Africa / United States
aliko-dangote_100x100 (1)2#131Aliko Dangote$12.1 B60Self Made, cement, sugar, flourNigeria
mohammed-al-amoudi_100x1003#144Mohammed Al Amoudi$10.5 B71Self Made, oil, diversifiedEthiopia / Saudi Arabia
patrick-soon-shiong_100x1004#212Patrick Soon-Shiong$7.9 B65Self Made, pharmaceuticalsSouth Africa / United States
nicky-oppenheimer_100x1005#216Nicky Oppenheimer$7.7 B72DiamondsSouth Africa
johann-rupert_100x1006#239Johann Rupert$7.1 B67Luxury goodsSouth Africa
nassef-sawiris_100x1007#269Nassef Sawiris$5.6 B56Construction, chemicalsEgypt
mike-adenuga_100x1008#347Mike Adenuga$5.5 B64Self Made, telcom, oilNigeria
nathan-kirsh_100x1009#464Nathan Kirsh$4.6 B85Retail, real estateSwaziland
naguib-sawiris_100x10010#538Naguib Sawiris$4.1 B63TelecomEgypt
issad-rebrab_100x10011#543Issad Rebrab$4 B74FoodAlgeria
haim-saban_100x10012#699Haim Saban$3.3 B73Self Made, TV network, investmentsEgypt / United States
isabel-dos-santos_100x10013#766Isabel dos Santos$3.1 B44InvestmentsAngola
koos-bekker_100x10014#872Koos Bekker$2.8 B65Self Made, media, investmentsSouth Africa
mohamed-mansour_100x10015#898Mohamed Mansour$2.7 B69Self Made, diversifiedEgypt
patrice-motsepe_100x10016#1045Patrice Motsepe$2.4 B55Self Made, miningSouth Africa
aziz-akhannouch_100x10017#1145Aziz Akhannouc$2.2 B57Petroleum, diversifiedMorocco
no-pic_100x10018#1213Allan Gray$2 B80Money managementSouth Africa
yasseen-mansour_100x10019#1260Yasseen Mansour$2 B56Self Made, diversifiedEgypt
mohamed-al-fayed_100x10020#1269Mohamed Al Fayed$1.9 B88Self Made, retail, investmentsEgypt
Strive Masiyiwa21#1650Strive Masiyiwa$1.7 B57Telecom
Zimbabwe / United Kingdom
othman-benjelloun_100x10022#1482Othman Benjelloun$1.6 B85Banking, insuranceMorocco
youssef-mansour_100x10023#1610Youssef Mansour$1.4 B72Self Made, diversifiedEgypt
folorunsho-alakija_100x10024#1625Folorunsho Alakija$1.4 B67Self Made, oilNigeria
mohammed-dewji_100x10025#1666Mohammed Dewji$1.4 B42DiversifiedTanzania
stephen-saad_100x10026#1812Stephen Saad$1.2 B53Self Made, pharmaceuticalsSouth Africa
Michiel Le Roux27Michiel Le Roux$1.2 B69BankingSouth Africa
mohammed-ibrahim_100x10028#1913Mohammed Ibrahim$1.1 B71
Self Made, communications
Sudan / United Kingdom
onsi29#1955Onsi Sawiris$1.1 B88Self Made, construction, telecomEgypt
Christoffel Wiese30Christoffel Wiese$1.1 B77RetailSouth Africa
Desmond Sacco31#2005Desmond Sacco$1 B75MiningSouth Africa
African Vibes Magazine’s 2017 African Billionaires List

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