African Vibes List Of African Billionaires Of 2022

African Vibes List Of African Billionaires Of 2022

African Vibes List Of African Billionaires Of 2022

The faces on the African Billionaires list have remained fairly stable over the last two years. At the onset of the pandemic, in 2020, a few of the African billionaires dropped off the list and never made it back. Nevertheless, others have remained resilient with only a few shifting from their net worth in comparison to the previous year.

The cumulative network of African billionaires has grown from over $200 billion last year to over $350 billion. Elon Musk remains the richest man in Africa and the world. On the global scene, there has been a stunning shift in the billionaire list.

The former richest man in the world, Bill Gates is now in distant fourth position. Also, Warren Buffet that used to be in the top 3 is now in a distant 9th position. In all of these, the resilience of African billionaires in the face of a harsh business climate remains commendable.

African Countries with the Most Billionaires

The three African countries with the most billionaires remain Egypt, South Africa, and Nigeria. Egypt has the highest number of billionaires (6) on the continent. However, their cumulative worth is still far less than that of South African billionaires.

Out of the 54 countries in Africa, only 8 countries can boast of billionaires. This is a drop from 10 countries in the previous year. On the global scene, out of the over 3,000 billionaires, only 10 have a net worth of over $100 billion. Also, 9 out of the 10 billionaires worth over $100 billion are based in the United States.

Age Distribution

Tanzania’s billionaire, Mohammed Deji remains the youngest billionaire on the African continent. Since there are no new faces on the billionaire list, Africa is battling with an aging billionaire list. Another worrisome observation is the drop-off of all the female billionaires on the continent. From

At the moment, Africa has no female billionaire and the likely cause is multi-faceted. Egypt’s Mohamed Al Fayed who is now 93 is Africa’s oldest billionaire. The big question is, why are new billionaires not emerging in Africa. You can share your thoughts in the comment box below.

Methodology

Our list is a snapshot from the Forbes Real-time wealth calculator on 4th January 2022. The list changes drastically within hours meaning the figures may drastically change at a later date. The individual’s public holdings and private company value are used to determine their net worth.

Also, currency exchange rates play a significant role in the size of the fortune of non-American billionaires. Interestingly, most African billionaire list only tracks Africans in Africa. However, our list tracks billionaires with African ancestry regardless of where they live.

2022 African Billionaire List

PictureAV Africa RankForbes RankNameNet WorthAgeWealth SourceHometown/ Residence
elon-musk_100x1001#1
Elon Musk
$304.2 B▲50Auto, Space ExplorationSouth Africa / United States
aliko-dangote_100x100 (1)2
#171
Aliko Dangote
$12.7 B ▲64Cement, Sugar, FlourNigeria
nassef-sawiris_100x1003
#324
Nassef Sawiris$8.3 B ▼60
Construction, Chemicals
Egypt
nicky-oppenheimer_100x1004#343Nicky Oppenheimer$8.0 B –76DiamondsSouth Africa
patrick-soon-shiong_100x1005
#354

Patrick Soon-Shiong
$7.7 B ▲
69Pharmaceuticals
South Africa / United States
mike-adenuga_100x1006
#445

Mike Adenuga
$6.6 B ▲68Telecom, OilNigeria
abdulsamad-rabiu_7
#719
Abdulsamad Rabiu$4.4 B ▼61Cement, Sugar
Nigeria
nathan-kirsh_100x1008
#670

Nathan Kirsh
$4.7 B ▲89Retail, Real estateEswatini (Swaziland)
issad-rebrab_100x1009#644
Issad Rebrab & Family
$4.8 B ▲78Food
Algeria
patrice-motsepe_100x10010
#1312

Patrice Motsepe
$2.6 B ▼59Mining
South Africa
mohamed-mansour_100x10011
#1360

Mohamed Mansour
$2.5 B ▼73Diversified
Egypt
naguib-sawiris_100x10012
#1046
Naguib Sawiris$3.1 B ▲67Telecom
Egypt
haim-saban_100x10013
#1045

Haim Saban

$3.1 B ▲
77
Communications, Investments
Egypt / United States
koos-bekker_100x10014
#1379

Koos Bekker

$2.4 B ▲
69Media, InvestmentsSouth Africa
yasseen-mansour_100x10015
#2487

Yasseen Mansour

$1.1 B ▼
60DiversifiedEgypt
aziz-akhannouch_100x10016#1651
Aziz Akhannouch
$2.0 B –61Petroleum, Diversified 
Morocco
youssef-mansour_100x10017
#2100

Youssef Mansour
$1.5 B ▼76DiversifiedEgypt
mohamed-al-fayed_100x10018
#1787

Mohamed Al Fayed

$1.8 B ▲
92Retail, InvestmentsEgypt
mohammed-dewji_100x10019#2006Mohammed Dewji$1.6 B –46DiversifiedTanzania
othman-benjelloun_100x10020
#2336

Othman Benjelloun

$1.3 B –
90Banking, InsuranceMorocco
Strive Masiyiwa21
#1369
Strive Masiyiwa$2.5 B ▲60TelecomZimbabwe
Michiel Le Roux22
#2193
Michiel Le Roux$1.6 B ▲72Banking
South Africa
mohammed-ibrahim_100x10023
#2515
Mohammed Ibrahim$1.1 B –75CommunicationsSudan / United Kingdom

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