Forbes releases 2016 African Billionaires list

Africaan Billionaires 2016

Africa has 22 billionaires this year, the number on the list has dropped by seven, compared to 29 the previous year. 

The list, which is available in the February issue of Forbes Africa, is dominated by Egyptians, who have a combined net worth of $14.1 billion, $2.3 billion shy of Nigerian billionaire, Aliko Dangote’s net worth.

Dangote remains the richest African on the list with his net worth increasing by $700 million from 2015.

Africa’s richest have a combined $74.5 billion, a drop of $19.5 billion from $94 billion in 2015. The wealthiest group are South Africans with a combined net worth of $20.1 billion. From the 54 African countries, only seven are represented in the list and only two women.

Rank  Name             Net Worth $    Origin of Wealth        Citizenship  Age

1 Aliko Dangote  16.4bn    Cement, Sugar, Flour Nigeria           58

2 Nicky Oppenheimer & family 6.5bn Diamonds South Africa 70

3 King Mohammed VI 5.8bn Diversified Morocco 52

4 Christoffel Wiese 5.7bn Retailing South Africa 74

5 Johann Rupert & family 5.4bn Luxury Goods South Africa 65

6 Nassef Sawiris 4.2bn Construction, Chemicals Egypt 55
7 Isabel dos Santos 3.5bn Investments Angola 42
8 Issad Rebrab & family 3.1bn Food Algeria 71
9 Naguib Sawiris 3bn Telecom Egypt 61
10 Mike Adenuga 2.9bn Telcom, Oil Nigeria 62
11 Mohamed Mansour 2.5bn Diversified Egypt 68
12 Othman Benjelloun 2bn Banking, Insurance Morocco 83
13 Femi Otedola 1.8bn Gas Stations Nigeria 53
14 Youssef Mansour 1.7bn Diversified Egypt 70
15 Folorunsho Alakija 1.6bn Oil Nigeria 65
16 Koos Bekker 1.5bn Media, Investments South Africa 63
17 Yasseen Mansour 1.4bn Diversified Egypt 54
18 Onsi Sawiris 1.3bn Construction, Telecom Egypt 86
19 Aziz Akhannouch & family 1.1bn Petroleum, Diversified Morocco 55
20 Mohammed Dewji 1.1bn Diversified Tanzania 40
21 Stephen Saad 1bn Pharmaceuticals South Africa 51
22 Abdulsamad Rabiu 1bn Cement, Sugar, Flour Nigeria 55

Source: Forbes Magazine