South African business magnate Johann Rupert and his family have dethroned long-serving leader Aliko Dangote to become the wealthiest individuals on the continent.
At the start of 2024, their net worth of $10.3 billion secures their position at the summit, according to the latest Forbes real-time billionaires list.
The list, unveiled at the start of the year, offers a glimpse into Africa’s economic powerhouses and their impact across diverse industries. Beyond personal fortunes, these billionaires play a crucial role in steering economic growth, fostering social welfare, and shaping the future of the continent.
Africa’s Top 10 Richest Individuals at the Start of 2024:
- Johann Rupert & Family – $10.3 billion (South Africa, Luxury goods)
- Aliko Dangote – $9.5 billion (Nigeria, Cement, Sugar)
- Nicky Oppenheimer & Family – $8.3 billion (South Africa, Diamonds)
- Nassef Sawiris – $7.4 billion (Egypt, Construction and investments)
- Abdulsamad Rabiu – $5.9 billion (Nigeria, Cement, Sugar)
- Nathan Kirsh – $5.8 billion (Eswatini, Retail, Real estate)
- Issad Rebrab & Family – $4.6 billion (Algeria, Food)
- Mohamed Mansour – $3.6 billion (Egypt, Diversified)
- Naguib Sawiris – $3.3 billion (Egypt, Telecom)
- Mike Adenuga – $3.1 billion (Nigeria, Telecom, Oil)