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Africa’s Billionaires of 2016

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African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine

Forbes has put out its list of 2016 world billionaires and Africa has 28 on the list, down from 33 the year before. Africa has 26 men and 2 women from 9 African counties with Nigeria’s Aliko Dangote still the richest man in Africa and Angola’s Isabel Dos Santos the richest woman in Africa.

The number of African Billionaires has dropped from 2015‘s 33 to 28 in 2016.  Five billionaires dropped off the list from last year and some newcomers were added to the list.

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

African Countries represented on the Billionaire list

In 2016, South Africa topped the list with 8 billionaires. Egypt was a close second with 7 Billionaires. Nigeria comes 3rd with 5 billionaires and Morocco 2. The other countries represented are Angola, Algeria, Ethiopia, Sudan and Swaziland.

African Billionaire Age groups

There are 3 billionaires in their forties, 7 in their fifties, 7 in their sixties, 8 in their seventies and 3 in their eighties. Africa’s youngest Billionaire is still Mohammed Dewji from Tanzania at Age 41. 

PictureAfrica RankForbes RankNameNet WorthAgeWealth SourceHometown / Residence
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine1#51Aliko Dangote$15.4 B59cement, sugar, flourNigeria
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine2#81Patrick Soon-Shiong$11.9 B65pharmaceuticalsSouth Africa / United States
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine3#94Elon Musk$10.7 B45Tesla MotorsSouth Africa / United States
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine4#103Mike Adenuga$10.0 B63telcom, oilNigeria
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine5#138Mohammed Al Amoudi$8.3 B70oil, diversifiedEthiopia / Saudi Arabia
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine6#174Nicky Oppenheimer$6.6 B71diamondsSouth Africa
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine7#214Christoffel Wiese$5.8 B75retailingSouth Africa
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine8#248Johann Rupert$5.3 B66luxury goodsSouth Africa
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine9#421Nathan Kirsh$3.7 B85retail, real estateSwaziland
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine9#421Nassef Sawiris$3.7 B56constructionEgypt
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine10#453Haim Saban$3.5 B72TV network, investmentsEgypt / United States
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine11#549Issad Rebrab$3.1 B73foodAlgeria
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine12#569Naguib Sawiris$3.0 B62telecomEgypt
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine12#569Isabel dos Santos$3.3 B43investmentsAngola
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine13#688Mohamed Mansour$2.5 B69diversifiedEgypt
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine14#959Othman Benjelloun$1.9 B84banking, insuranceMorocco
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine14#959Mohamed Al Fayed$1.9 B88retail, investmentsEgypt
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine15#1011Femi Otedola$1.8 B54gas stationsNigeria
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine16#1067Youssef Mansour$1.7 B71diversifiedEgypt
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine17#1121Folorunsho Alakija$1.6 B66oilNigeria
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine17#1121Allan Gray$1.6 B79money managementSouth Africa
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine18#1275Yasseen Mansour$1.4 B55diversifiedEgypt
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine18#1275Koos Bekker$1.4 B64media, investmentsSouth Africa
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine19#1367Aziz Akhannouch$1.3 B56petroleum, diversifiedMorocco
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine20#1577Mohammed Dewji$1.1 B41diversifiedTanzania
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine20#1577Patrice Motsepe$1.1 B55miningSouth Africa
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine20#1577Mohammed Ibrahim$1.1 B70communicationsSudan / United Kingdom
African Billionaires, Africa’s Billionaires of 2016, African Vibes Magazine20#1577Abdulsamad Rabiu$1.1 B56cement, sugar, flourNigeria
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1 Comment

  1. owa.tulane.edu

    April 5, 2017 at 12:31 pm

    With 22 African billionaires this year, the number on the list has dropped by seven.

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