Africa’s Billionaire Kings Revealed: See The Full List Of The Continent’s Richest People

Africa’s richest individuals have seen their fortunes swell dramatically, propelled by the soaring valuation of Aliko Dangote’s mega refinery and strong performance in global equity markets.

Collectively, the continent’s 22 billionaires now boast a combined net worth of $105 billion, a notable achievement in spite of ongoing challenges such as currency fluctuations and political uncertainty across several African economies.

Aliko Dangote further strengthened his dominance at the top of the rankings, adding an extraordinary $10 billion to his wealth within a single year. Forbes attributed this sharp rise largely to the Dangote Refinery, which is approaching full operational capacity and has positioned Nigeria to export refined petroleum products for the first time.

Dangote has repeatedly described the refinery as a transformational project capable of enabling Africa to refine its own crude oil while creating sustainable long-term economic value.

He retained his status as Africa’s richest person for the 14th consecutive year, with his net worth climbing to $23.9 billion, up from $13.9 billion the previous year.

South Africa’s luxury goods tycoon, Johann Rupert, maintained second place with a fortune of $14 billion, reflecting a 39 percent increase, the second-largest growth among those listed. Rupert has occupied the second position since 2022.

Nigeria’s Femi Otedola recorded one of the most impressive gains among returning billionaires, as his wealth crossed $1.5 billion following a sharp rise in the share price of Geregu Power Plc, buoyed by improved revenues and profitability.

Two former billionaires also reclaimed spots on the list. Moroccan property mogul Anas Sefrioui returned after shares in his Addoha Group more than doubled, while South African investor Jannie Mouton re-entered the ranking on the back of a strong rally in Capitec Bank Holdings.

Africa’s Richest People in 2025

1. Aliko Dangote – $23.9bn (Nigeria)

2. Johann Rupert & family – $14bn (South Africa)

3. Nicky Oppenheimer & family – $10.4bn (South Africa)

4. Nassef Sawiris – $9.6bn (Egypt)

5. Mike Adenuga – $6.8bn (Nigeria)

6. Abdulsamad Rabiu – $5.1bn (Nigeria)

7. Naguib Sawiris – $5bn (Egypt)

8. Koos Bekker – $3.4bn (South Africa)

9. Mohamed Mansour – $3.4bn (Egypt)

10. Patrice Motsepe – $3bn (South Africa)

11. Issad Rebrab & family – $3bn (Algeria)

12. Mohammed Dewji – $2.2bn (Tanzania)

13. Michiel Le Roux – $2.2bn (South Africa)

14. Othman Benjelloun & family – $1.6bn (Morocco)

15. Anas Sefrioui & family – $1.6bn (Morocco)

16. Aziz Akhannouch & family – $1.5bn (Morocco)

17. Jannie Mouton & family – $1.5bn (South Africa)

18. Femi Otedola – $1.5bn (Nigeria)

19. Christoffel Wiese – $1.5bn (South Africa)

20. Youssef Mansour – $1.4bn (Egypt)

21. Yasseen Mansour – $1.2bn (Egypt)

22. Strive Masiyiwa – $1.2bn (Zimbabwe)