Here are the 20 African billionaires of the latest Forbes 2022 ranking

#Morocco : The world has 2,668 billionaires, according to Forbes’ annual report, including only 20 Africans, from 8 different countries, with a combined fortune of 90 billion dollars. The Nigerian Dangote remains the richest man in Africa and the Maghreb is represented by three billionaires.

The magazine Forbes published its annual list of the world’s billionaires for the year 2022. It has a total of 2,668 billionaires, compared to 2,755 billionaires in 2021, with a global fortune valued at 12,700 billion dollars, compared to 13,000 billion dollars in 2021. The Ukrainian crisis has greatly reduced the wings of Russian billionaires due to the fall of the rouble, the fall in stock prices of Russian companies and the freezing of part of their fortunes.

For this new ranking, it is the American of South African origin Elon Musk who sits at the top of the richest men in the world with a fortune estimated at 219 billion dollars, thanks in particular to his electric cars -Telsa- and its SpaceX rockets, which are helping to revolutionize land and space transport. He is ahead of another American, the boss of Amazon Jeff Bezos (171 billion dollars) and the French Bernard Arnault & Family, the boss of LVMH whose wealth is estimated at 158 ​​billion dollars. Bill Gates and Warren Buffet complete the Top 5 richest men in the world with fortunes valued at $129 billion and $118 billion respectively.

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At the continental level, Africa is the continent with the fewest billionaires with only 20 people having a fortune reaching at least one billion dollars. These 20 people, of 8 different nationalities, combine a total fortune of 90 billion dollars.

Egyptians (6 billionaires) and South Africans (5 billionaires) are the most represented in this ranking of billionaires, followed by Nigerians (3 billionaires) and Moroccans (2 billionaires). Algeria, Eswatini, Zimbabwe and Tanzania each have a billionaire.

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And like previous rankings, it is the Nigerian tycoon Aliko Dangote who sits at the top of the list of the richest men in Africa with an estimated fortune of 14 billion dollars, against 11.3 billion dollars at the same period. last year, thanks in particular to the good behavior of the flagship of his group, the Dangote Cement holding company present in several African countries. The Nigerian billionaire who made his fortune in cement and agri-food (sugar, flour, etc.) has embarked on the diversification of his group by launching into fertilizers, automobiles, petrochemicals and oil refining in building the largest oil refinery on the continent and the 6th in the world.

Here are the 20 African billionaires of Forbes 2022

Lastnames and firstnames	Fortune (Mds/$)	African rank	World rank	Age	Sectors
Aliko Dangote	14	1st	130e	64 ans	Cement, sugar
Johann Rupert & family	8,9	2e	230e	71 ans	Luxe, distribution
Nicky Oppenheimer & family	8,7	3e	241e	76 ans	Diamond and mines
Nessef Sawiris	7,7	4e	304e	61 ans	Construction, investment
Mike Adenuga	7,3	5e	324e	68 ans	Telecom, oil
Abdulsamad Rabiu	6,9	6e	350e	61 ans	Cement, sugar
Nathan Kirsh	5,3	7e	509e	90 ans	Luxe, distribution
Issad Rebrad & family	5,1	8e	536e	78 ans	Agrifood
Naguib Sawiris	3,4	9th	883e	67 ans	Telecom
Patrice Motsepe	3,3	10e	913e	60 ans	Mines, assurance
Strive Masiyima	3	11e	1012e	61 ans	Telecom
Mohamed Mansour	2,5	12e	1238e	74 ans	Diversified
Chose Bekker	2,1	13e	1341e	69 ans	Average
Mohamed Al-Fayed	2,1	14e	1445e	93 ans	Distrib., invest.
Aziz Ahannouch & family	2	15e	1513e	61 ans	Oil, distribution
Michiel Le Roux	1,8	16e	1645e	72 ans	Bank, finance
Mohammed Dewji	1,5	17e	1929e	46 ans	Diversified
Youssef Mansour	1,5	17e	1929e	76 ans	Diversified
Othman Benjelloun & family	1,3	19e	2190e	89 ans	Bank, insurance
Yassen Mansour	1,1	20e	2448e	60 ans	Diversified

Thanks to the sharp increase in his fortune, Dangote made a significant jump in the ranking of billionaires from 192nd to 130th in the world. He is followed, at the continental level, by South Africans Johan Rupert & Family ($8.9 billion) and Nicky Oppenheimer & Family ($8.7 billion), the family whose grandfather founded the mining company of De Beers diamond.

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The Egyptian Nassef Sawiris who held the second fortune of the continent in 2021 now ranks 4th continentally with a fortune of 7.7 billion dollars. He is one of the few billionaires on the continent whose fortunes have declined in 2022, compared to 2021.

Egyptian Mohamed Al Fayed, 93, whose fortune is estimated at $2.1 billion, is the continent’s oldest billionaire, while Tanzanian Mohammed Dewji remains the continent’s youngest billionaire.

Finally, African billionaires have generally made a fortune in various sectors: telecoms, oil, construction, mining and metals, cement, agri-food, media, banking and insurance, etc.