Forbes has published its annual list of richest men in Africa. This year, only 21 billionaires are on the list, worth a combined $70 billion. This is down from the 2015 list which featured 23 African billionaires worth a combined $79.8 billion.
The 21 billionaires hail from 7 countries: South Africa, Egypt, Nigeria, Morocco, Algeria, Angola and Tanzania.
Two Nigerians dropped off the list this year. They are Femi Otedola, whose net worth dropped from $1.6 billion in November 2015 to just $330 million today, and sugar billionaire Abdulsamad Rabiu, whose net worth dropped below $1 billion in the wake of a weakened Nigerian currency.
Below is the new list of African billionaires:
1. Aliko Dangote (Nigeria) remains Africa’s richest person despite a $5 billion drop in his net worth for the second year in a row. His estimated net worth is $12.1 billion.
2. Nicky Oppenheimer & family (South Africa) The richest South African billionaire and the continent’s second richest person, the diamond magnate is worth $7 billion.
3. Mike Adenuga (Nigeria) The telecom tycoon has an estimated $5.8 billion fortune.
4. Johann Rupert (South Africa) The luxury goods tycoon is South Africa’s second richest and Africa’s fourth richest billionaire with a $5.5 billion fortune.
4. Christoffel Wiese has a $5.5 billion fortune.
6. Nassef Sawiris (Egypt) has an estimated net worth of $5.3 billion. He runs OCI, one of the world’s largest nitrogen fertilizer producers.
7. Naguib Sawiris (Egypt) The telecom tycoon’s net worth is $3.7 billion
8. Isabel dos Santos (Angola) Africa’s richest woman with a $3.2 billion fortune. Daughter of Angola’s president, she became head of Angola’s state oil firm Sonangol in June 2016.
9. Issad Rebrab & family (Algeria) has an estimated $3.1 billion fortune.
10. Mohamed Mansour (Egypt) has an estimated $2.7 billion fortune.
11. Koos Bekker (South Africa) is worth $2 billion.
12. Othman Benjelloun (Morocco) The Moroccan businessman is worth $1.9 billion
13. Yasseen Mansour (Egypt) has an estimated net worth of $1.8 billion.
14. Folorunsho Alakija (Nigeria) is the vice chairman of Nigerian oil exploration company, Famfa Oil has an estimated net worth of $1.6 billion. She is the second richest woman in Africa.
14. Patrice Motsepe (South Africa) The South African mining magnate has an estimated $1.6 billion fortune.
16. Aziz Akhannouch & family (Morocco) is the majority owner of Akwa Group, a multibillion-dollar Moroccan conglomerate with interests in petroleum, gas and chemicals. The family also has businesses operating in media, real estate development and hotels. He has an estimated $1.4 billion fortune.
16. Mohammed Dewji (Tanzania) The Tanzanian businessman is Africa’s youngest billionaire with an estimated net worth of $1.4 billion.
18. Youssef Mansour (Egypt) is part owner of the Mansour Group has an estimated $1.1 billion fortune.
18. Onsi Sawiris (Egypt) At 86, Onsi is the oldest billionaire in Africa. He is the father of two other African billionaires, Nassef and Naguib Sawiris. He has an estimated $1.1 billion fortune.
18. Anas Sefrioui (Morocco) The real estate businessman is worth $1.1 billion.
18. Stephen Saad (South Africa) The South African businessman who serves as the chief executive of Aspen Pharmacare is worth $1.1 billion.
