African Vibes Magazine’s 2017 African Billionaires List

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.

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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

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


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
1#61Elon Musk$19.6 B46Self Made, Tesla MotorsSouth Africa / United States
2#131Aliko Dangote$12.1 B60Self Made, cement, sugar, flourNigeria
3#144Mohammed Al Amoudi$10.5 B71Self Made, oil, diversifiedEthiopia / Saudi Arabia
4#212Patrick Soon-Shiong$7.9 B65Self Made, pharmaceuticalsSouth Africa / United States
5#216Nicky Oppenheimer$7.7 B72DiamondsSouth Africa
6#239Johann Rupert$7.1 B67Luxury goodsSouth Africa
7#269Nassef Sawiris$5.6 B56Construction, chemicalsEgypt
8#347Mike Adenuga$5.5 B64Self Made, telcom, oilNigeria
11#543Issad Rebrab$4 B74FoodAlgeria
9#464Nathan Kirsh$4.6 B85Retail, real estateSwaziland
10#538Naguib Sawiris$4.1 B63TelecomEgypt
12#699Haim Saban$3.3 B73Self Made, TV network, investmentsEgypt / United States
13#766Isabel dos Santos$3.1 B44InvestmentsAngola
18#1213Allan Gray$2 B80Money managementSouth Africa
19#1260Yasseen Mansour$2 B56Self Made, diversifiedEgypt
14#872Koos Bekker$2.8 B65Self Made, media, investmentsSouth Africa
15#898Mohamed Mansour$2.7 B69Self Made, diversifiedEgypt
16#1045Patrice Motsepe$2.4 B55Self Made, miningSouth Africa
17#1145Aziz Akhannouch$2.2 B57Petroleum, diversifiedMorocco

31#2005Desmond Sacco$1 B75MiningSouth Africa
20#1269Mohamed Al Fayed$1.9 B88Self Made, retail, investmentsEgypt
21#1650Strive Masiyiwa$1.7 B57TelecomZimbabwe / United Kingdom
22#1482Othman Benjelloun$1.6 B85Banking, insuranceMorocco
23#1610Youssef Mansour$1.4 B72Self Made, diversifiedEgypt
24#1625Folorunsho Alakija$1.4 B67Self Made, oilNigeria
25#1666Mohammed Dewji$1.4 B42DiversifiedTanzania
26#1812Stephen Saad$1.2 B53Self Made, pharmaceuticalsSouth Africa

27Michiel Le Roux$1.2 B69BankingSouth Africa

30Christoffel Wiese$1.1 B77RetailSouth Africa
28#1913Mohammed Ibrahim$1.1 B71Self Made, communicationsSudan / United Kingdom
29#1955Onsi Sawiris$1.1 B88Self Made, construction, telecomEgypt

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