Top 10 richest people in Africa at the start of 2024

For most enterprising individuals, the new year comes with new financial objectives that have been established to surpass the previous year’s accomplishments, Africa included. As the new year begins, people aim to accomplish goals that have eluded them in the past, and African billionaires are no exception. Said billionaires are tasked with the responsibility of growing their ventures not just for themselves but also for their region’s economy, given how substantial the businesses they control are.

Top 10 richest people in Africa at the start of 2024

  • Business Insider Africa presents the top 10 richest people in Africa at the start of 2024.
  • The list is courtesy of the Forbes real-time billionaires list.
  • Johann Rupert & family heads into the new year as Africa’s richest man.


Going off the quotes from most billionaires, including the ones in Africa, it is safe to assume that most of them are always looking to make even more money despite their already outlandish net worth’s. Additionally, it is essential to acknowledge the critical role these high-net-worth individuals play in defining the continent’s growth.

By channeling their wealth into strategic initiatives, these individuals can drive economic growth, promote social welfare, and propel the continent toward a more sustainable and inclusive future.

Read also: Net worths of Africa’s richest people in the Top 500


With that said, it is interesting to note which billionaires are starting off the year on the right foot.

Also, it is interesting to have a reference point as the year progresses. Therefore, this article shows Africa’s top billionaires at the start of 2024.

This list is courtesy of the Forbes Daily billionaires ranking platform, which tracks daily changes to the net worth of the most high-net-worth individuals across the globe.

The figures below represent the net worth of the entrants as of the 1st of January 2024.

RankNameNet worthCountryIndustryGlobal rank
1.Johann Rupert & Family$10.3 billionSouth AfricaLuxury goods192nd
2.Aliko Dangote$9.5 billionNigeriaCement, Sugar228th
3.Nicky Oppenheimer & Family$8.3 billionSouth AfricaDiamonds283rd
4.Nassef Sawiris$7.4 billionEgyptConstruction and investments345th
5.Abdulsamad Rabiu$5.9 billionNigeriaCement, Sugar489th
6.Nathan Kirsh$5.8 billionEswatini (Swaziland)Retail, real estate497th
7.Issad Rebrab & Family$4.6 billionAlgeriaFood647th
8.Mohamed Mansour$3.6 billionEgyptDiversified854th
9.Naguib Sawiris$3.3 billionEgyptTelecom927th
10.Mike Adenuga$3.1 billionNigeriaTelecom, oil1031st

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