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As of December 2024, South African billionaire Johann Rupert is the richest person in Africa, and the African countries with the most billionaires are South Africa (6), Egypt (5), Nigeria (4), and Morocco (2). Algeria, Tanzania and Zimbabwe each have one billionaire. [3]
The figures are in billions of US dollars and are for the year 2019. All 14 companies from South Africa in the Forbes 2000 are listed. [2] *Despite the company being South African with Head Offices in South Africa, the company is listed as British by the Forbes 2000 ranking due to the entity's registered address in London.
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency . [ 2 ]
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Otedola re-emerged as a billionaire in 2024. [citation needed] Multiracial billionaires with significant African ancestry have been identified over the years. Saudi Arabian billionaire Mohammed Al Amoudi, of Hadhrami Yemeni and Ethiopian descent, has been on the Forbes billionaire list since 2002 and in 2012 had a net worth of $12.5 billion. [8]
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A handful of billionaires saw their net worth rise by a combined $53 billion on Wednesday, driven by a euphoric post-election rally in the stock market.
2019 [10] World ranking Name Citizenship Net worth Sources of wealth 100: Aliko Dangote Nigeria: 10.3 Billion: Sugar, flour, cement 365: Mike Adenuga Nigeria: 9.2 Billion: Telecommunication, petroleum: 156 Abdul Samad Rabiu Nigeria: 1.6 Billion Cement, Sugar 1425: Orji Uzor Kalu Nigeria: 1.3 Billion