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African Vibes Magazine’s 2017 African Billionaires List

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African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine

Aliko Dangote

It was an interesting year for African billionaires as some fortunes shrunk and others grew. Notably, Africa’s richest man, Aliko Dangote’s wealth dropped by a couple of billions, giving South African/Canadian/American billionaire and founder of Tesla Motors, Elon Musk the edge he needed to top the list.

ALSO READ: The Africans On The Forbes 100 Greatest Living Business Minds List

African Countries represented on the Billionaire list

In 2017, South Africa still topped the list with 9 billionaires after dropping Christoffel Wiese and adding Stephen Saad and Desmond Sacco. Egypt’s list grew to 8 billionaires with Sawiris family patriarch back on the list.

Nigeria’s billionaires dropped from 5 to 3, dropping Abdulsamad Rabiu and Femi Otedola. The other countries represented are Angola, Algeria, Ethiopia, Sudan, Swaziland, and Zimbabwe with their first Billionaire.

African Billionaire Age groups

African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine

Mohammed Dewji

There are 3 billionaires in their forties, 5 in their fifties, 8 in their sixties, 7 in their seventies, and 5 in their eighties. Africa’s youngest Billionaire is still Mohammed Dewji from Tanzania at Age 42.

ALSO READ: South African Billionaire Patrice Motsepe Invests $17.3 Million In A New Venture. Here Is Why

Methodology

The African Billionaires list is a snapshot of wealth taken on January 1, 2018. It is based on the Forbes Real-time billionaire wealth calculator. The calculation is derived from stock prices and exchange rates from around the world used to calculate net worths. Some fortunes change from day to day due to fluctuations in the market.

The list is based on individuals rather than multigenerational families who share large fortunes, though included is wealth belonging to a billionaire’s spouse and children if the current list member is the founder of the fortune. In that case, you’ll see “& family” on the list. Also included are married couples who built fortunes and businesses together. 

PictureAfrica RankForbes RankNameNet WorthAgeWealth SourceHometown / Residence
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine1#61Elon Musk$19.6 B46Self Made, Tesla MotorsSouth Africa / United States
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine2#131Aliko Dangote$12.1 B60Self Made, cement, sugar, flourNigeria
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine3#144Mohammed Al Amoudi$10.5 B71Self Made, oil, diversifiedEthiopia / Saudi Arabia
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine4#212Patrick Soon-Shiong$7.9 B65Self Made, pharmaceuticalsSouth Africa / United States
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine5#216Nicky Oppenheimer$7.7 B72DiamondsSouth Africa
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine6#239Johann Rupert$7.1 B67Luxury goodsSouth Africa
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine7#269Nassef Sawiris$5.6 B56Construction, chemicalsEgypt
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine8#347Mike Adenuga$5.5 B64Self Made, telcom, oilNigeria
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine11#543Issad Rebrab$4 B74FoodAlgeria
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine9#464Nathan Kirsh$4.6 B85Retail, real estateSwaziland
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine10#538Naguib Sawiris$4.1 B63TelecomEgypt
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine12#699Haim Saban$3.3 B73Self Made, TV network, investmentsEgypt / United States
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine13#766Isabel dos Santos$3.1 B44InvestmentsAngola
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine18#1213Allan Gray$2 B80Money managementSouth Africa
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine19#1260Yasseen Mansour$2 B56Self Made, diversifiedEgypt
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine14#872Koos Bekker$2.8 B65Self Made, media, investmentsSouth Africa
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine15#898Mohamed Mansour$2.7 B69Self Made, diversifiedEgypt
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine16#1045Patrice Motsepe$2.4 B55Self Made, miningSouth Africa
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine17#1145Aziz Akhannouch$2.2 B57Petroleum, diversifiedMorocco
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine

31#2005Desmond Sacco$1 B75MiningSouth Africa
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine20#1269Mohamed Al Fayed$1.9 B88Self Made, retail, investmentsEgypt
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine21#1650Strive Masiyiwa$1.7 B57TelecomZimbabwe / United Kingdom
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine22#1482Othman Benjelloun$1.6 B85Banking, insuranceMorocco
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine23#1610Youssef Mansour$1.4 B72Self Made, diversifiedEgypt
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine24#1625Folorunsho Alakija$1.4 B67Self Made, oilNigeria
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine25#1666Mohammed Dewji$1.4 B42DiversifiedTanzania
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine26#1812Stephen Saad$1.2 B53Self Made, pharmaceuticalsSouth Africa
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine

27Michiel Le Roux$1.2 B69BankingSouth Africa
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine

30Christoffel Wiese$1.1 B77RetailSouth Africa
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine28#1913Mohammed Ibrahim$1.1 B71Self Made, communicationsSudan / United Kingdom
African Billionaires, African Vibes Magazine’s 2017 African Billionaires List, African Vibes Magazine29#1955Onsi Sawiris$1.1 B88Self Made, construction, telecomEgypt
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