Meet Africa’s billionaires for 2023 according to Forbes Africa

While Africa gained a 19th billionaire, the combined wealth of the continent’s richest people now sits at an estimated worth of $81.8 billion, down from the estimated $84.9 billion that 18 of Africa’s wealthiest people recorded 12 months ago.

This was according to Forbes Africa, who said that Africa’s wealthiest people shed a combined $3.1 billion in the past 12 months, following a global decline for markets in 2022.

As a group, the continent’s 19 billionaires are worth an estimated $81.8 billion – down from the $84.9 billion that 18 African billionaires had 12 months ago.

Africa’s top three billionaires:

The fortune of Nigeria’s Aliko Dangote, Africa’s richest person for the 12th year in a row, fell $400 million to $13.5 billion.

South African luxury goods magnate Johann Rupert held onto the Number 2 spot with $10.7 billion, down from $11 billion in 2022 as shares of his Compagnie Financiere Richemont – maker of Cartier watches and Montblanc pens – clawed back much – but not all – of last year’s decline.

South African Nicky Oppenheimer, who formerly ran diamond mining firm De Beers before selling it to mining firm Anglo American a decade ago, ranks third, worth an estimated $8.4 billion.

Return of Wiese

Forbes Africa said that this year’s list saw the return of South Africa’s Christoffel Wiese, who lands at No. 18 with $1.1 billion.

Wiese, who was worth more than $6 billion after he sold his bargain retailer, Pepkor, to Steinhoff International for $5.7 billion in 2015, lost his billionaire status two years later when an accounting scandal cratered Steinhoff’s stock.

He sued, and in March 2022 collected R7 billion (about $400 million) from Steinhoff in cash and shares totalling about 5% of publicly traded Pepkor.

The 19 billionaires from Africa:

  1. Aliko Dangote
  2. Johann Rupert
  3. Nicky Oppenheimer and family
  4. Abdul Samad Rabiu
  5. Nassef Sawiris
  6. Mike Adenuga
  7. Issad Rebrab and family
  8. Naguib Sawiris
  9. Patrice Motsepe
  10. Mohamed Mansour
  11. Koos Bekker
  12. Strive Masiyiwa
  13. Youssef Mansour
  14. Aziz Akhannouch and family
  15. Mohammed Dewji
  16. Othman Benjelloun and family
  17. Michiel Le Roux
  18. Christoffel Wiese
  19. Yasseen Mansour


Author: editor

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