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African Billionaires Ranking in 2025 by Forbes

Aliko Dangote is Africa’s richest for the 14th year running. His monumental gain in wealth stems from his $20 B Dangote Petroleum Refinery near Lagos,

 


Africa is home to a diverse range of billionaires who have amassed their fortunes through various industries, including luxury goods, telecommunications, cement, and more. 

According to Forbes' 2025 list, the continent boasts 22 billionaires with a combined net worth of $105 billion, up from $82.4 billion in 2024. Here's a rundown of the top African billionaires in 2025:


Top 10 African Billionaires in 2025

1. Aliko Dangote- Net Worth: $23.9 billion

    - Country: Nigeria

    - Industry: Manufacturing

    - Dangote's wealth surged due to the success of his $20 billion refinery, which began operations in 2024. His fortune has increased by 72% from $13.9 billion. 


2. Johann Rupert & family - Net Worth: $14 billion

    - Country: South Africa

    - Industry: Fashion & Retail

    - Rupert's luxury goods empire drove his wealth growth, with a 39% increase from the previous year ¹.

3. Nicky Oppenheimer & family - Net Worth: $10.4 billion

    - Country: South Africa

    - Industry: Metals & Mining

    - The Oppenheimer family's wealth is attributed to their diamond business, De Beers.

4. Nassef Sawiris- Net Worth: $9.4 billion

    - Country: Egypt

    - Industry: Construction & Engineering

5. Mike Adenuga- Net Worth: $6.2 billion

    - Country: Nigeria

    - Industry: Diversified

    - Adenuga's wealth comes from his telecommunications and oil businesses ².

6. Abdulsamad Rabiu - Net Worth: $4.9 billion

    - Country: Nigeria

    - Industry: Diversified

7. Naguib Sawiris- Net Worth: $5 billion

    - Country: Egypt

    - Industry: Telecom

8. Koos Bekker- Net Worth: $3.5 billion

    - Country: South Africa

    - Industry: Media & Entertainment

9. Patrice Motsepe - Net Worth: $3.2 billion

    - Country: South Africa

    - Industry: Metals & Mining

10. Issad Rebrab & family - Net Worth: $3 billion

    - Country: Algeria

    - Industry: Food & Beverage


Notable Trends and Changes

The 2025 list highlights Africa's shifting wealth landscape, with South Africa leading the pack with seven billionaires, followed by Nigeria and Egypt with four each. Morocco has three billionaires, while Tanzania, Algeria, and Zimbabwe each have one. Some notable changes include ¹ ²:

- Aliko Dangote's net worth surged by 72% due to his refinery's success.



Aliko Dangote is Africa’s richest for the 14th year running. His monumental gain in wealth stems from his $20 B Dangote Petroleum Refinery near Lagos, which began operations in early 2024—and the refinery’s value was added to his net worth this year .


The list highlights substantial contributions from South Africa, Nigeria, and Egypt, each with multiple billionaires, reflecting industries ranging from commodities and telecoms to luxury retail and mining 

- Johann Rupert's wealth grew by 39% driven by his luxury goods empire.

- Femi Otedola's net worth increased by over 30% due to the strong performance of his power company, Geregu Power Plc.

- Strive Masiyiwa's wealth dropped by 33% to $1.2 billion due to Zimbabwe's economic uncertainty.

- Abdulsamad Rabiu's net worth declined to $5.1 billion due to the devaluation of the Nigerian naira. 

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