In a revelation that underscores the continent’s economic dynamism, Forbes has unveiled the African countries boasting the highest number of billionaires in 2024, showcasing a diverse array of industries and personalities dominating the wealth landscape.
South Africa Leads with Diversity: Leading the pack is South Africa, with investments spanning across retail and hospitality, Christoffel Wiese emerges with a staggering net worth of $1.2 billion. This exemplifies the richness and diversity of South Africa’s billionaire spectrum.
Egypt’s Multifaceted Titans: Following closely behind is Egypt, representing a myriad of sectors within the economy. Notable figures include Nassef Sawiris, a titan with a net worth of $8.8 billion, dominating construction, chemicals, and telecommunications. Mohamed Mansour and his brothers, Youssef and Yasseen, collectively command a formidable $5.7 billion fortune, spearheading the Mansour Group’s conglomerate across automotive, retail, and real estate. Naguib Sawiris, a telecom magnate worth $3.8 billion, has played a pivotal role in shaping Egypt’s communication sector.
Nigeria’s Economic Powerhouses: Nigeria, Africa’s largest economy, solidifies its presence with four billionaires. Aliko Dangote, often hailed as Africa’s richest man, reigns supreme with a whopping net worth of $15.5 billion, forged through cement, sugar, and commodities investments. Mike Adenuga, a diversified entrepreneur with interests in telecom, oil, and real estate, boasts a formidable $7.0 billion fortune. Abdulsamad Rabiu, with a net worth of $6.5 billion, reflects the entrepreneurial spirit driving Nigeria’s economy, while Femi Otedola, valued at $1.7 billion, showcases Nigeria’s growing prominence in energy and finance sectors.
Morocco’s Noteworthy Figures: Despite having fewer billionaires, Morocco presents notable figures. Aziz Akhannouch & family, worth $1.7 billion, dominate the oil and gas sector, while Othman Benjelloun & family, valued at $1.5 billion, lead BMCE Bank of Africa, highlighting the significance of financial services in Morocco’s economy.
As Africa’s economic landscape continues to evolve, these billionaires serve as beacons of success, driving growth, innovation, and prosperity across the continent.
(sources : Business day )