Two newcomers join the illustrious list and overall wealth of Africa's billionaires swells to $75.4 billion from $70 billion last year. 2017 was a good year for business in the continent.
After a full year's work, Africa's richest are even richer and clearly more driven. Two new entrants join the illustrious list and overall wealth of Africa's billionaires swells to $75.4 billion from $70 billion last year. These ladies and gentlemen are working overtime! Forbes says the better fortunes are attributable to rising stock and commodity prices. 2017 was clearly a good year for business.
There are very few surprises in the list; the usual suspects are making a killing in Africa's blossoming economic frontiers but as already said, 2 newcomers officially join the growing class of African billionaires: Zimbabwe's Strive Masiyiwa (worth a fat $1.7 billion) and Michiel Le Roux of South Africa ($1.2 billion). Desmond Sacco, a South African mining tycoon reenters the list after a five year absence. The richest man for the seventh successive year is none other than cement and commodities tycoon, Aliko Dangote with a solid net worth of $12.2 billion. Nicky Oppenheimer, a mining magnet, comes second with $7.7 billion. Johann Rupert ($7.2 billion) is third while Nassef Sawiris' $6.8 billion is good for fourth. Mike Adenuga's net worth of $5.3 billion earns him fifth place in the list.
The full list of Africa's 23 richest people can be accessed here.
Information herein is based on the Forbes African Billionaire list.
Are you impressed, have any concerns, or think we can improve this article? Comment below or email us.