Hii hapa Orodha ya Matajiri Africa 2024 Forbes: The fortunes of Africa’s richest people have risen slightly in the past 12 months, reversing the fall in their wealth from a year ago, although they have not yet reached their all-time highs. The 20 billionaires on the Forbes 2024 list of Africa’s richest are worth a combined $82.4 billion. That’s up $900 million from $81.5 billion last year.
All that success can be attributed to the return of Nigerian Femi Otedola, who last appeared on the Forbes Africa list in 2017, when he had a majority stake in oil supplier Forte Oil. Otedola ended his oil investments during the government’s push to privatize the country’s energy business in 2013, using a subsidiary of Forte to buy Geregu, a public power plant.
He owned about 90% of Geregu when it listed on the Nigerian Stock Exchange in 2022, but has since sold shares to institutional investors including Afreximbank’s Africa Export Development Fund and the National Grid Corporation of Nigeria, China . 73 percent of Geregu’s shares are worth more than $850 million, about three-quarters of his $1.1 billion fortune, ranking him 20th on the list.
- Africa’s 20 billionaires saw a slight comeback in 2024, with their combined net worth reaching $82.4 billion, up from $81.5 billion in 2023.
- The return of Nigerian Femi Otedola after selling shares in a power plant contributed significantly to the gain.
- African equities faced a tough year in 2023 due to economic challenges and political instability, deterring foreign investments.
- Despite the rebound, Africa remains a challenging environment for building and maintaining billion-dollar fortunes.
- Alike Dangote (Nigeria) held onto the top spot for the 13th year with $13.9 billion, while Johann Rupert (South Africa) and Nicky Oppenheimer (South Africa) remained in the top 3.
- Egypt’s Nasseff Sawiris saw the biggest gain thanks to rising Adidas shares he owns, while Algerian Issad Rebrab suffered the biggest decline due to legal troubles.
- South Africa leads with 6 billionaires on the list, followed by Egypt with 5 and Nigeria with 4.
Hii hapa Orodha ya Matajiri Africa 2024 Forbes
1. Aliko Dangote tops the list with a net worth of $13.9 B in the manufacturing industry.
2. Johann Rupert & family follow with a net worth of $10.1 B in the fashion & retail industry.
3. Nicky Oppenheimer & family come in third with a net worth of $9.4 B in metals & mining.
4. Nassef Sawiris ranks fourth with a net worth of $8.7 B in construction & engineering.
5. Mike Adenuga holds the fifth position with a net worth of $6.9 B in diversified industries.
6. Abdulsamad Rabiu is in sixth place with a net worth of $5.9 B in diversified industries.
7. Naguib Sawiris is at the seventh spot with a net worth of $3.8 B in the telecom industry.
8. Mohamed Mansour follows with a net worth of $3.2 B in diversified industries.
9. Both Koos Bekker and Patrice Motsepe share the ninth position with a net worth of $2.7 B each, in media & entertainment and metals & mining respectively.
11. Issad Rebrab & family hold the eleventh position with a net worth of $2.5 B in the food & beverage industry.
12. Both Mohammed Dewji and Strive Masiyiwa share the twelfth position with a net worth of $1.8 B each, in diversified industries and telecom respectively.
14. Aziz Akhannouch & family are at the fourteenth position with a net worth of $1.7 B in diversified industries.
15. Othman Benjelloun & family follow with a net worth of $1.4 B in finance & investments.
16. Youssef Mansour ranks sixteenth with a net worth of $1.3 B in diversified industries.
17. Both Yasseen Mansour and Christoffel Wiese share the seventeenth position with a net worth of $1.2 B each, in diversified industries and fashion & retail respectively.
19. Both Michiel Le Roux and Femi Otedola share the nineteenth position with a net worth of $1.1 B each, in finance & investments and energy respectively.
METHODS
The list tracks the wealth of African billionaires who live in Africa or have their main businesses there, excluding Sudanese-born billionaire Mo Ibrahim, who is from the United Kingdom. South African citizen Nathan Kirsh, who works in London. Strive Masiyiwa, a Zimbabwean and resident of London, appears on the list due to his telecommunications interests in Africa.
Actual values were calculated using stock prices and currency exchange rates at the close of business on January 8, 2024. To value private companies, we start with estimated earnings or profits and use the current bid or price ratio. -sale. of income to similar public companies. Some members of the list become richer or poorer within a few weeks (or days) of our measurement date.
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