African Vibes Magazine’s 2019 African Billionaires List

AfricanVibes.com billionaires 2019 e1578186638978

AfricanVibes.com billionaires 2019

Another year has come and gone and it seemed like a good year for most African Billionaires. 17 of the 26 billionaires saw an increase in wealth. However, 7 did have a drop in their fortunes while two didn’t see much change at all. South Africa’s Elon Musk maintained the number one spot as the richest African on the list. Musk had the largest wealth jump of the year with an increase of over $6 billion. The most notable reduction was in Aliko Dangote’s wealth which dropped by over 1 billion. 

African Countries represented on the Billionaire list

Egypt and South Africa stayed toe to toe, leading the list with 7 billionaires each. Nigeria added a billionaire while Angola, Algeria, Sudan, Swaziland, and Zimbabwe each had one billionaire on the list.

African Billionaire Age Distribution

There are 3 billionaires in their forties, 6 in their fifties, 7 in their sixties, 7 in their seventies, 2 in their 80s and 1 who turned 90 last year. Africa’s youngest Billionaire is still Mohammed Dewji from Tanzania at Age 44. Isabel Dos Santos remained Africa’s richest woman and the second youngest African billionaire at age 46.

Methodology

The African Billionaires list is a snapshot of wealth taken on January 1, 2020. 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, when relevant, are married couples who built fortunes and businesses together.

2019 African Billionaire’s List

PictureAfrican RankForbes RankNameNet
Worth
Age Wealth SourceHometown/
Residence
elon-musk_100x1001#36Elon Musk
$27.5 B ▲
48Tesla MotorsSouth Africa / United States
aliko-dangote_100x100 (1)2#195Aliko Dangote$8.7 B ▼62Self Made, cement, sugar, flourNigeria
mike-adenuga_100x1002#197Mike Adenuga$8.7 B –66Telecom, OilNigeria
nassef-sawiris_100x1003#227Nassef Sawiris$7.9 B ▲58Construction, ChemicalsEgypt
nicky-oppenheimer_100x1004#239Nicky Oppenheimer$7.7 B ▲74DiamondsSouth Africa
patrick-soon-shiong_100x1005#280Patrick Soon-Shiong$6.9 B ▲66PharmaceuticalsSouth Africa / United States
johann-rupert_100x1006#310
Johann Rupert$6.5 B ▲69Luxury goodsSouth Africa
nathan-kirsh_100x1007#386Nathan Kirsh$4.9 B ▲87Retail, Real estateSwaziland
issad-rebrab_100x1008#606Issad Rebrab$3.9 B ▲75Food
Algeria
mohamed-mansour_100x1009#761Mohamed Mansour$3.3 B ▲71DiversifiedEgypt
naguib-sawiris_100x10010#833Naguib Sawiris$3 B ▼65TelecomEgypt
haim-saban_100x10011#900Haim Saban$2.9 B ▲75TV network, InvestmentsEgypt / United States
patrice-motsepe_100x10012#991Patrice Motsepe$2.6 B ▲57MiningSouth Africa
Strive Masiyiwa13#1030Strive Masiyiwa2.5 B ▲
58TelecomZimbabwe
koos-bekker_100x10014#1047Koos Bekker
$2.4 B ▲
67Media, InvestmentsSouth Africa
yasseen-mansour_100x10015#1125Yasseen Mansour$2.3 B ▲58DiversifiedEgypt
isabel-dos-santos_100x10016#1165
Isabel dos Santos
$2.2 B –46InvestmentsAngola
mohammed-dewji_100x10017#1331Mohammed Dewji$1.9 B ▲44DiversifiedTanzania
youssef-mansour_100x10017#1376Youssef Mansour$1.9 B ▲74Self Made, diversifiedEgypt
aziz-akhannouch_100x10018#1454Aziz Akhannouch$1.8 B ▼
59Petroleum, DiversifiedMorocco
othman-benjelloun_100x10018#1456Othman Benjelloun$1.8 B ▲
87Banking, InsuranceMorocco
mohamed-al-fayed_100x10019#1633Mohamed Al Fayed$1.5 B ▼90Retail, Investments

Egypt
abdulsamad-rabiu_19#1653Abdulsamad Rabiu$1.5 B ▼
59cement, sugarNigeria
Michiel Le Roux20#1845Michiel Le Roux$1.3 B ▲70bankingSouth Africa
mohammed-ibrahim_100x10021
#2032
Mohammed Ibrahim$1.1 B ▼73CommunicationsSudan / United Kingdom
folorunsho-alakija_100x10021#2119Folorunsho Alakija$1.1 B ▼
69OilNigeria

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