Business

Top 5 Richest Africans in 2023

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A league of exceptional business people, Africans, who have attained wealth and success can be found in Africa. We explore the Forbes 2023 rankings and identify the powerful figures who rule the African billionaire scene. Each entrepreneur’s journey, from cement tycoons to magnates of luxury goods, is a testament to ingenuity, tenacity, and visionary leadership.

There are presently 5 wealthiest people in Africa that are on Forbes record, they are listed below:

RankNameWorth
1Johann Rupert$11.8 Billion
2Aliko Dangote$10.2 billion
3Nicky Oppenheimer$8.4 Billion
4Nassef Sawiris $7.5 Billion
5Nathan Kirsh $6.4 Billion
The rank of The Richest Men In Africa

1. Johann Rupert & Family – $11.8 Billion

Source of Wealth: Luxury goods

Age: 73

Residence: Cape Town, South Africa

With a staggering net worth of $11.8 billion, Johann Rupert, the chairman of Compagnie Financiere Richemont, is ranked first on the Forbes 2023 list. Iconic brands like Cartier and Montblanc are produced by his renowned company. Rupert has been successful for many years, and his varied investments have only strengthened his business empire. In South Africa, he is also well known for speaking out against fracking, demonstrating his dedication to environmental preservation.

2. Aliko Dangote

Source of Wealth: Cement, sugar, Self Made

Age: 66

Residence: Lagos, Nigeria

Aliko Dangote, a renowned businessman and philanthropist from Africa, ranks second on Forbes’ list with a mind-boggling net worth of $10.2 billion. His empire is centered on Dangote Cement, the biggest African cement manufacturer with operations across ten nations. The entrepreneurial leader’s business ventures include the production of sugar, and his initiatives to improve Nigeria’s infrastructure have won him widespread acclaim.

3. Nicky Oppenheimer & Family – $8.4 Billion

Source of Wealth: Diamonds

Age: 78

Residence: Johannesburg, South Africa

The third place is held by Nicky Oppenheimer, the DeBeers diamond fortune heir, with an astounding net worth of $8.4 billion. His empire has been shaped by the long history of his family in the diamond industry. In addition to his work in the diamond industry, Oppenheimer is renowned for his aviation company, Fireblade Aviation, and his conservation initiatives in a number of African countries. 

4. Nassef Sawiris – $7.5 Billion

Source of Wealth: Construction, investments

Age: 62

Residence: Cairo, Egypt

With a net worth of $7.5 billion, Nassef Sawiris, the scion of Egypt’s richest family, stands out in fourth place. His significant ownership of OCI, one of the biggest producers of nitrogen fertilizer in the world, and the sportswear giant Adidas highlight his skill as an investor. Additionally, he has ventured into the world of sports by purchasing the Aston Villa Football Club of the Premier League.

5. Nathan Kirsh – $6.4 Billion

Source of Wealth: Retail, real estate, Self Made

Age: 91

Residence: Ezulwini, Eswatini (Swaziland)

With a net worth of $6.4 billion, respected businessman Nathan “Natie” Kirsh from Eswatini (Swaziland) rounds out the top 5. Famous restaurant supply retailers like Jetro Cash and Carry and Restaurant Depot are owned by his American company, Jetro Holdings. Kirsh has ventured into supermarkets and commercial real estate development thanks to his business acumen.

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