Aliko Dangote remains Africa’s wealthiest man, with a $10.1 billion net worth


As of November 22, 2023, Aliko Dangote continues to dominate as Africa’s wealthiest individual with a real-time net worth of $10.1 billion. His success story began with founding and chairing Dangote Cement, the continent’s largest cement producer, and he expanded his empire with a fertilizer plant that commenced operations in March 2022.

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Following closely is Johann Rupert and family, with a net worth of $9.7 billion. The 73-year-old South African magnate, residing in Cape Town, chairs Swiss luxury goods firm Compagnie Financiere Richemont, renowned for brands like Cartier and Montblanc.

Nicky Oppenheimer and family claim the third spot on the continent with a net worth of $8.3 billion. The 77-year-old South African, heir to the DeBeers diamond fortune, made a significant move by selling his 40% stake to mining group Anglo American for $5.1 billion in cash in 2012.

Other notable figures in Africa’s rich list include Nassef Sawiris from Egypt, Abdulsamad Rabiu from Nigeria, and Issad Rebrab from Algeria, each contributing significantly to various sectors. Noteworthy is the absence of female billionaires on the list as of this date.

In the diverse landscape of African wealth, these individuals showcase the continent’s economic prowess and the varied industries contributing to their substantial net worth.

Gbenga Samson
Gbenga Samson
Samson Gbenga Salau [Editorial Board Adviser] Gbenga Samuel Salau is a professional journalist with over 17 years experience in journalism, he is a graduate of Communication and Language Arts, University of Ibadan. On completion of his youth service, he joined The Guardian as a freelance journalist and was later absorbed as a staff. While in the University, he was a campus journalist reporting for the Independence Hall and Faculty of Arts Press Clubs. As a campus journalist, he won the following awards; Independence Hall Press Best News writer; University of Ibadan Union of Campus Journalists’ Best News Reporter/Writer; First Runner-up, Reuben Abati Award for Investigative Journalism; Association of Faculty of Arts Students’ Press Best Reporter; University of Ibadan Union of Campus Journalists’ Best Political Writer; Winner, Reuben Abati Award for Investigative Journalism, and University of Ibadan Union of Campus Journalists’ Best Interviewer. He served the Association of Communication and Language Arts Students, as the Public Relation Officer, the same year he was appointed the News Editor of the Association of Faculty of Arts Students Press. The following session, he was made the General Editor, and a member of the 13-man University of Ibadan Students’ Union Transition Committee. As a reporter in The Guardian, in 2014, he won the Promasidor Quill Award Best Report on Nutrition and DAME Business Reporting category. In the 2015 edition of the Promasidor Quill Award, he won the best Report on Nutrition and Brand Advocate Categories, while in 2016, he won the NMMA Print Journalist of the Year, first runner-up Golden Pen Reporter of the Year and SERAs CSR Awards. Gbenga Salau loves traveling, reading, and listening to songs with good lyrics no matter the genre.

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