Africa’s Billionaires of 2016


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 new comers were added to the list.

African Countries represented on the Billionaire list

In 2016, South Africa and Egypt tie with 8 Billionaires each. 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
1#51Aliko Dangote$15.4 B59cement, sugar, flourNigeria
2#81Patrick Soon-Shiong$11.9 B65pharmaceuticalsSouth Africa / United States
3#94Elon Musk$10.7 B45Tesla MotorsSouth Africa / United States
4#103Mike Adenuga$10.0 B63telcom, oilNigeria
5#138Mohammed Al Amoudi$8.3 B70oil, diversifiedEthiopia / Saudi Arabia
6#174Nicky Oppenheimer$6.6 B71diamondsSouth Africa
7#214Christoffel Wiese$5.8 B75retailingSouth Africa
8#248Johann Rupert$5.3 B66luxury goodsSouth Africa
9#421Nathan Kirsh$3.7 B85retail, real estateSwaziland
9#421Nassef Sawiris$3.7 B56constructionEgypt
10#453Haim Saban$3.5 B72TV network, investmentsEgypt / United States
11#549Issad Rebrab$3.1 B73foodAlgeria
12#569Naguib Sawiris$3.0 B62telecomEgypt
12#569Isabel dos Santos$3.3 B43investmentsAngola
13#688Mohamed Mansour$2.5 B69diversifiedEgypt
14#959Othman Benjelloun$1.9 B84banking, insuranceMorocco
14#959Mohamed Al Fayed$1.9 B88retail, investmentsEgypt
15#1011Femi Otedola$1.8 B54gas stationsNigeria
16#1067Youssef Mansour$1.7 B71diversifiedEgypt
17#1121Folorunsho Alakija$1.6 B66oilNigeria
17#1121Allan Gray$1.6 B79money managementSouth Africa
18#1275Yasseen Mansour$1.4 B55diversifiedEgypt
18#1275Koos Bekker$1.4 B64media, investmentsSouth Africa
19#1367Aziz Akhannouch$1.3 B56petroleum, diversifiedMorocco
20#1577Mohammed Dewji$1.1 B41diversifiedTanzania
20#1577Patrice Motsepe$1.1 B55miningSouth Africa
20#1577Mohammed Ibrahim$1.1 B70communicationsSudan / United Kingdom
20#1577Abdulsamad Rabiu$1.1 B56cement, sugar, flourNigeria


One thought on “Africa’s Billionaires of 2016”

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

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