How Africa’s Richest Billionaires Make Their Money | Forbes

The fortunes of Africa’s wealthiest people have rebounded slightly in the past 12 months, reversing the decline in their fortunes from a year ago, though they are still off their all-time highs. The 20 billionaires on the 2024 Forbes list of Africa’s Richest are worth a combined $82.4 billion. That’s up $900 million from last year’s $81.5 billion.

The continent remains one of the world’s toughest places to build – and hold onto – a billion-dollar fortune, as global investors remain leery of its stock exchanges, businesses struggle against strained economies, poor infrastructure and volatile exchange rates, while changing political winds can make, boost or bust private fortunes.

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[michaelmwalii]

Dangote and adenuga are dragged down by the depreciating naira. If they had a more stable currency they'd be roughly 50-60 billion dollars

[mthokozisimyende]

The inequality in South Africa dou is INSANE

[balqaasem]

Beautiful. Only if the Naira stay it ground. Dangote and Adenuga would definitely be far ahead on the list.

[romariohylton]

The Oppenheimer family doesn’t have a “control“ spot in the Diamond industry. They have a monopoly.

[NIMAMEHNIXONNJENUI]

Very motivational 🎉 I'll be on this list one day 🙏

[Mayor]

I HAVE INCURRED SO MUCH LOSSES TO TRADE ON MY OWN, I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED.

[worldview]

My name is Nick and i am from ASIA These incredible individuals are an INSPIRATION to my LIFE. They are from places that are not easy to survive, but they built their way up and has shown this world how their presence is positive and helped so many people and even possibly carry their country out of poverty. All of them - i admire Alike Dangote.

[thomasnorris]

I'm really much impressed with your personality here. And your posts are so interesting..

[ugowilliams]

This video and ranking needs to be reviewed. The $20b Dangote Refinery has become operational thereby adding to his net worth.

[TheAlkebulanTrust]

This is indeed motivational. I am intrigued to know the list for 2025

[musakam]

I trust Bloomberg billionair list more than Forbes list. Dangote is worth more on the Bloomberg list which I believe is accurate. Dangote just finish his Oil Refinery and Ferterlizer Plant with 70% of his own money. Profit from his cement factories arround Afriica and Nigeria were put into those project.

[FerdinandTutorials]

This is so huge for Nigeria and Africa in general.

They are really solving problems for this generation.

🎉

[dekuan]

Richest people in South African just notice how their fortune comes from a family generational wealth.

[NotHuman]

As an algerian there way more than 1 billionaire in algeria. I used to live in one of the money laundering cities and the amount of money there is just unfathomable. that's without talking about the politicians who stole 2 trillion dollars in the past.

[lovedaym_]

I will be the first Zambian billionaire

[lemuhuru]

Over the next hundred years indigenous Africans will completely populate this list, foreigners shouldn't have too much power in Africa.

[imrenedob]

Nagyon szepen koszonom a josagotokat❤ kellemes szep estet kivanok❤

[heavenschoice]

I pray for this type of grace to make for my me and my family members In Jesus name… AMEN !!!

[androidtv]

Doesn't Zimbabwe already have trillionaiers.

[isatousarr]

Investing in Africa presents a transformative opportunity for both the continent and global stakeholders. With its youthful population, abundant natural resources, and untapped markets, Africa is poised to become a global economic powerhouse. However, successful investment requires a commitment to sustainability, local capacity-building, and inclusive growth. Addressing challenges such as infrastructure gaps, governance issues, and climate resilience can unlock immense potential while ensuring that investments benefit communities and foster long-term prosperity. Africa’s future is bright, but responsible and strategic investment is key to realizing its promise.