Top 5 Africa’s Richest Men in Q4 2024

The second three quarters of 2024 saw substantial developments in Africa’s corporate landscapes, fueled by macroeconomic pressures, geopolitical influences, and rising industries. This was seen in the net worth swings of several of the continent’s wealthiest individuals. A classic example is the back-and-forth between Africa’s two richest people.

As the last quarter of the year begins, numerous African billionaires can already call 2024 a good year, and vice versa.

Aliko Dangote, one of Africa’s richest men, had a year marked by both accomplishments and devaluation. He was able to develop his oil refinery, although he earned less money over the year.

This was caused by Nigeria’s uncertain economic climate, particularly the disturbingly consistent rise in inflation and the steep depreciation in the country’s currency.

Aliko Dangote’s net worth has fallen from $20 billion to $12.7 billion, with a year-to-date loss of $2.42 billion.

South African billionaire Johann Rupert, on the other hand, has a net worth of $13.9 billion, up from $10.3 billion at the start of the year, with a year-to-date change of +$1.48 billion.

Other Africans in the top rank, notably Nicky Oppenheimer and Nassef Sawiris, have seen changes during the year, but are usually wealthier now than they were at the start of the year.

Here are the 5 richest Africans in Q4 2024, according to the Bloomberg Billionaire Index.

On the list, Nicky Oppenheimer, Nassef Sawiris and Natie Kirsh, all have a year-to-day growth of +$1.55B, +$1.13B, and +$1.61B, respectively.

RankNameCountryNet-WorthGlobal rank
1.Johann RupertSouth Africa$13.9 billion168th
2.Aliko DangoteNigeria$12.7 billion190th
3.Nicky OppenheimerSouth Africa$11.4 billion223rd
4.Nassef SawirisEgypt$9.54B289th
5.Natie KirshSouth Africa$9.22B300th

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