Aliko Dangote loses his title as Africa’s richest man to Johann Rupert. Aliko Dangote is ranked second on the list with a net worth of $10.2 billion.
Completing the elite list are diamond tycoon Nicky Oppenheimer, retail magnate Nassef Sawiris, and retail magnate Nathan Kirsh.
Africa is home to a plethora of extraordinary businesspeople who have achieved great wealth and success. We uncover the powerful people that rule the African billionaire scene as we dig into the Forbes 2023 rankings.
Every entrepreneur’s journey, from cement tycoons to luxury goods magnates, is a monument to creativity, tenacity, and visionary leadership.
Let’s introduce ourselves to the top 5 richest people in Africa and learn more about the sources of their incredible wealth:
Listed Below Are The Top 5 Richest People In Africa
1. Johann Rupert and Family $11.8 billion
- Source of wealth: Luxury items
- Age: 73 years old
- Residence: South Africa’s Cape Town
With an incredible net worth of $11.8 billion, Johann Rupert, the chairman of Compagnie Financiere Richemont, is ranked #1 on the Forbes 2023 list. Renowned brands such as Cartier and Montblanc are produced by his company.
Rupert has amassed decades of wealth, and his varied investment portfolio has only served to fortify his empire.
In addition, his opposition to hydraulic fracturing in South Africa is well-known, attesting to his dedication to environmental preservation.
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2. Aliko Dangote $10.2
- Source of Income: Sugar, Cement, and Homemade
- Age: 66 years old
- Address: Lagos, Nigeria
Forbes’ ranking places the renowned African entrepreneur and philanthropist Aliko Dangote in second place with an astounding net worth of $10.2 billion.
Dangote Cement, the biggest cement manufacturer in Africa with operations in ten nations, is the center of his business.
The entrepreneurial endeavors of the visionary leader include the manufacturing of sugar, and his endeavors to enhance Nigeria’s infrastructure have garnered him widespread recognition and appreciation.
3. Nicky Oppenheimer & Family $8.4 billion Nicky
- Source Of Wealth: Diamonds
- Age: 78 years old
- Address: Johannesburg, South Africa
With an astounding net worth of $8.4 billion, Nicky Oppenheimer, the heir to the DeBeers diamond fortune, holds the third position.
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His business has been influenced by his family’s longstanding involvement in the diamond trade. In addition to his work in the diamond industry, Oppenheimer is well-known for his aircraft company, Fireblade aircraft, and his conservation initiatives in several African countries.
Top 5 Richest People In Africa
4. Nassef Sawiris $7.5 billion
- Source Of Wealth: Building and Investing
- Age: 62 years old
- Address: Cairo, Egypt
At number four with a net worth of $7.5 billion is the scion of the wealthiest family in Egypt, Nassef Sawiris. His significant ownership in OCI, one of the biggest producers of nitrogen fertilizer globally, and his major stake in the apparel giant Adidas highlight his skill as an investor.
In addition, he has ventured into the sports world by acquiring Aston Villa Football Club, a Premier League team.
5. Nathan Kirsh $6.4 billion.
Nathan Kirsh is a millionaire businessman from South Africa and Swaziland who has investments all over the world (Tropage)
- Source Of Wealth: Self-Made, Real Estate, Retail. 91 years old.
- Address: Eswatini, Ezulwini (Swaziland)
With a net worth of $6.4 billion, renowned entrepreneur Nathan “Natie” Kirsh—who has roots in Eswatini, Swaziland—completes the top 5. Renowned restaurant supply companies like Jetro Cash & Carry and Restaurant Depot are owned by his US-based company, Jetro Holdings. Kirsh’s entrepreneurial expertise has also brought him into the construction of commercial real estate and supermarkets.