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.
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
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.
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.
Subscribe for Updates
Community News1 month ago
Johns Hopkins Honors Nigerian Teen Fareedah Oyolola As World Brightest Student
News3 months ago
DISCUSSION: South Africans Are Debating A Woman’s Right To Have More Than One Husband😳. What Do You Think?
Fashion3 months ago
20 African Bridesmaid Dress Ideas That You Won’t Find Anywhere
Arts & Culture3 months ago
25 African Shirt For Men From African Prints
Celebrities2 months ago
Which Of These Top 10 Elite And Upcoming Kenya Musicians Is Your Favorite?
Art3 months ago
13 Afrocentric Home Decor Ideas For 2021
African Ingenuity3 months ago
See The Most Peaceful African Countries In 2021 According To Global Peace Index
Food2 months ago
13 Afrocentric Wedding Cake Ideas