The African continent is home to 46 billionaires, the second-lowest total of any global region.
However, as Visual Capitalist’s Pallavi Rao and Bhabna Banerjee detail below, the number of wealthy individuals in Africa is growing. Total private wealth is expected to rise 30% over the next decade, led by growth in the billionaire and millionaire segments.
Visualized here are Africa’s richest, using data collected by Forbes, on billionaires who reside on the continent and have their primary business there.
Breaking Down Africa’s Billionaires
The richest man in Africa is also the richest Black man in the world. Once a small sugar trader, Aliko Dangote now has a net worth of $13.5 billion. He is the 86th richest person in the world, and single-handedly makes up 25% of the total wealth of African billionaires.
His company, the Dangote Group is now an African conglomerate with interests in a range of sectors, including sugar, cement, and real estate.
The top three – Alike Dangote, Johann Rupert, and Nicky Oppenheimer – account for 40% of the total wealth of those ranked.
If you’re curious to delve deeper into the topic, read more about it here.