Here are the 20 African billionaires in the current Forbes 2022 ranking

#Morocco : The world has 2,668 billionaires, including only 20 Africans, from 8 different countries, with a combined wealth of $90 billion, according to Forbes annual report. Nigerian Dangote remains Africa’s richest man and the Maghreb is represented by three billionaires.

The magazine forbes released its annual list of the world’s billionaires for 2022. It has a total of 2,668 billionaires, compared to 2,755 billionaires in 2021, with global wealth worth $12,700 billion, compared to $13,000 billion in 2021. Ukraine- Crisis has Russian billionaires’ wings sharply reduced due to the fall of the ruble, the fall in share prices of Russian companies and the freezing of part of their wealth.

For this new ranking, it is the American of South African origin Elon Musk who, with an estimated fortune of 219 billion dollars, is at the top of the richest men in the world, thanks in particular to his electric cars -Telsa- and his SpaceX rockets that contribute to the to revolutionize land and space transportation. He is ahead of another American, Amazon boss Jeff Bezos ($171 billion) and Frenchman Bernard Arnault & Family, head of LVMH, whose fortune is estimated at $158 billion. Bill Gates and Warren Buffet complete the top 5 richest men in the world with net worth of $129 billion and $118 billion, respectively.

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At a continental level, Africa is the continent with fewer billionaires, as only 20 people are worth at least $1 billion. These 20 people from 8 different nationalities combine a combined fortune of 90 billion dollars.

Egyptians (6 billionaires) and South Africans (5 billionaires) are the most represented in this ranking of billionaires, followed by Nigerians (3 billionaires) and Moroccans (2 billionaires). Algeria, Eswatini, Zimbabwe and Tanzania each have a billionaire.

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And as in previous rankings, Nigerian tycoon Aliko Dangote tops the list of Africa’s richest men with an estimated fortune of $14 billion, versus $11.3 billion over the same period the good behavior of his group’s flagship holding company Dangote Cement , which is present in several African countries. The Nigerian billionaire, who made his fortune in cement and agri-foods (sugar, flour, etc.), has begun diversifying his group by entering fertilizer, automobile, petrochemical and oil refining sectors with the construction of the continent’s largest oil refinery the 6th in the world.

Here are the 20 African billionaires from Forbes 2022

surnames and first names

Fortune (Billion/$)

African rank

world class

age

sectors

Aliko Dangote

14

1

130

64 years old

cement, sugar

Johann Rupert & family

8.9

2

230

71 years old

luxury, distribution

Nicky Oppenheimer & family

8.7

3

241st

76 years old

diamond and mines

Nessef Sawiris

7.7

4

304

61 years old

construction, investment

Mike Adenuga

7.3

5

324

68 years old

telecom, oil

Abdulsamad Rabiu

6.9

6.

350

61 years old

cement, sugar

Nathan Kirsch

5.3

7

509

90 years old

luxury, distribution

Issad Rebrad & family

5.1

8th

536.

78 years old

agri-food

Nagib Sawiris

3.4

9.

883.

67 years old

telecom

Patrice Motsepe

3.3

10

913

60 years

mining, insurance

Strive for Masiyima

3

11

1012

61 years old

telecom

mohamed mansur

2.5

12.

1238.

74 years old

diversified

Koos Becker

2.1

13.

1341

69 years old

media

Mohammad Al Fayed

2.1

14

1445.

93 years old

Distribute, invest.

Aziz Akhannouch & family

2

15

1513.

61 years old

oil, distribution

Michael Le Roux

1.8

16

1645

72 years old

banks, finance

Mohammed Dewji

1.5

17

1929

46 years

diversified

Youssef Mansur

1.5

17

1929

76 years old

diversified

Othman Benjelloun & family

1.3

19

2190

89 years old

banks, insurance companies

Yassen Mansur

1.1

20

2448.

60 years

diversified

Thanks to the sharp increase in his fortune, Dangote made a significant jump in the ranking of billionaires from 192nd to 130th place in the world. He is followed continentally by South Africans Johan Rupert & Family ($8.9 billion) and Nicky Oppenheimer & Family ($8.7 billion), the family whose grandfather founded mining company De Beers Diamond.

>>> READ ALSO: Video. Exclusive: Billionaire Aliko Dangote believes Africa is off to a good start

Egyptian Nassef Sawiris, who held the continent’s second fortune in 2021, now ranks 4th on the continent with a fortune of $7.7 billion. He is one of the few billionaires on the continent whose fortune has declined in 2022 compared to 2021.

Egyptian Mohamed Al Fayed, 93, whose fortune is estimated at $2.1 billion, is the continent’s oldest billionaire, while Tanzanian Mohammed Dewji remains the continent’s youngest billionaire.

After all, African billionaires have generally made fortunes in different sectors: telecom, oil, construction, mining and metals, cement, food, media, banking and insurance, etc.

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