Africa’s Wealth Titans Weather Economic Storms As Dangote Top Billionaires Ranking

Date:

For the 13th consecutive year, Aliko Dangote of Nigeria secures the top spot on Forbes’ list of Africa’s wealthiest individuals, defying economic hardships in the region.

Thank you for reading this post, don't forget to subscribe!

The combined net worth of the 20 billionaires on the list reaches an impressive $82.4 billion (£64.8 billion), emphasizing the resilience required to amass and maintain billion-dollar fortunes on the continent.

Forbes acknowledges Africa’s challenging business landscape, highlighting the difficulty of building and preserving substantial wealth. Dangote’s fortune, primarily rooted in cement and sugar industries, saw a $400 million increase over the past year, reaching a net worth of $13.9 billion.

Despite economic challenges in Nigeria, including currency devaluation and fuel subsidy removal under President Bola Tinubu,

Dangote maintains his leading position. South African magnate Johann Rupert and former diamond miner Nicky Oppenheimer secure the second and third spots, respectively, in a list that features prominent figures from South Africa, Egypt, Nigeria, Morocco, and other African nations.

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

Share post:

Subscribe

Popular

More like this
Related

Stock market declines by 1.31%, sheds N721bn

February 29, 2024. Azonuchechi Chukwu. Trading of equities on the floor...

“In Awada Anambra State: School Security Chief Unveiled as Serial Killer”

February 29, 2024. Azonuchechi Chukwu. In a shocking turn of events,...

Tinubu insists on restructuring states based on their natural resources during Southwest tour.

President Bola Ahmed Tinubu has outlined his administration's approach...

Olam’s Shares Surge Amid Second-Half Turnaround

Olam Group Ltd.’s shares soared following a significant turnaround...
WP to LinkedIn Auto Publish Powered By : XYZScripts.com