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 (Mds/$)

African rank

world class

age

sectors

Aliko Dangote

14

1

130e

64 to

cement, sugar

Johann Rupert & family

8.9

2e

230e

71 to

luxury, distribution

Nicky Oppenheimer & family

8.7

3e

241e

76 to

diamond and mines

Nessef Sawiris

7.7

4e

304e

61 to

Build, invest

Mike Adenuga

7.3

5e

324e

68 to

telecom, oil

Abdulsamad Rabiu

6.9

6e

350e

61 to

cement, sugar

Nathan Kirsch

5.3

7e

509e

90 an

luxury, distribution

Issad Rebrad & family

5.1

8e

536e

78 to

agri-food

Nagib Sawiris

3.4

9.

883e

67 to

telecom

Patrice Motsepe

3.3

10e

913e

60 to

mines, insurance

Strive for Masiyima

3

11e

1012e

61 to

telecom

Mohammed Mansur

2.5

12e

1238e

74 to

diversified

I chose Becker

2.1

13e

1341e

69 to

Average

Mohamed Al Fayed

2.1

14e

1445e

93 to

Distribute, invest.

Aziz Ahannouch & family

2

15e

1513e

61 to

oil, distribution

Michael Le Roux

1.8

16e

1645e

72 to

banks, finance

Mohammed Dewji

1.5

17e

1929e

46 to

diversified

Youssef Mansur

1.5

17e

1929e

76 to

diversified

Othman Benjelloun & family

1.3

19e

2190e

89 to

banks, insurance companies

Yassen Mansur

1.1

20e

2448e

60 to

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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