There are now 18 billionaires in Africa with combined net worth of $74 billion: They come from South Africa, Egypt, Nigeria, Morocco, Zimbabwe, Tanzania and Algeria

There are currently 18 African billionaires with a combined net worth of $74 billion, according to a ranking of the World’s billionaires released by Forbes magazine on Tuesday.

The list revealed that Aliko Dangote of Nigeria is the 190th richest person in the world and remains the richest person in Africa for the tenth year in a row with a net worth of $11.6 billion.

The top five billionaires in Africa include Dangote of Nigeria followed by Nassef Sawiris of Egypt – $8.5B, Nicky Oppenheimer of South Africa – $8B, Johann Rupert of South Africa – $7.2B and Mike Adenuga of Nigeria – $6.3B.

Although the number of people added to Forbe’s list of billionaires worldwide set a record high with 493 newcomers, the number of billionaires in Africa decreased slightly from 20 in 2020.

The 18 billionaires of Africa come from seven different countries. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Zimbabwe, Tanzania, and Algeria each had one billionaire.

The billionaire club, which now has 2,755 members has faced criticism from many as the ultra-wealthy seems to have actually grown in wealth and numbers over the past year as many lower- and middle-class people around the world have struggled financially amid the coronavirus pandemic.

Below is the full list of African billionaires

  1. Aliko Dangote – Nigeria – $11.6B
  2. Nassef Sawiris – Egypt – $8.5B
  3. Nicky Oppenheimer – South Africa – $8B
  4. Johann Rupert – South Africa – $7.2B
  5. Mike Adenuga – Nigeria – $6.3B
  6. Abdulsamad Rabiu – Nigeria – $5.5B
  7. Issad Rebrab – Algeria – $4.8B
  8. Naguib Sawiris – Egypt – $3.2B
  9. Patrice Motsepe – South Africa – $3B
  10. Koos Bekker – South Africa – $2.8B
  11. Mohamed Mansour – Egypt – $2.5B
  12. Aziz Akhannouch – Morocco – $2B
  13. Mohammed Dewji – Tanzania – $1.6B
  14. Youssef Mansour – Egypt – $1.5B
  15. Othman Benjeloun – Morocco – $1.3B
  16. Michiel Le Roux – South Africa – $1.2B
  17. Strive Masiyiwa – Zimbabwe – $1.2B
  18. Yasseen Mansour – Egypt – $1.1B

Noah Pitcher is a global politics correspondent for Today News Africa covering the U.S. government, United Nations, African Union, and other actors involved in international developments, political controversies, and humanitarian issues.

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