The Top African Billionaires 2016

There are 24 African billionaires this year, down from 28 last year. Tanzanian businessman and former politician Rostam Azizi, pharmaceuticals tycoon Stephan Saad and Ugandan real estate mogul Sudhir Ruparelia narrowly missed the cut this year. Moroccan banker Miloud Chaabi and Egyptian hotel tycoon Samih Sawiris also missed out.
Mohammed Dewji of Tanzania is still the youngest billionaire in Africa with a fortune FORBES estimates at $1.09 billion. Dewji, 40, debuted on the FORBES list of the World’s Billionaires last year with a $1.3 billion fortune at the time. He has lost $200 million on the back of a weaker Tanzanian shilling. Dewji is the CEO of METL Group, a Tanzanian conglomerate with interests in textiles, edible oils and transportation.

The biggest gainer among the African billionaires is Mike Adenuga, a Nigerian businessman who is now worth $10 billion, up from $4 billion a year ago. The significant jump in Adenuga’s fortune is attributable to new information on the value of his telecom, oil and real estate holdings.
Angolan investor Isabel dos Santos and oil tycoon Folorunsho Alakija of Nigeria still remain the only two female billionaires on the continent.
Meet the 23 richest people in Africa:

1. Aliko Dangote, Nigerian
   Net Worth: $14.4 billion
   Source Of Wealth: Cement, flour, sugar, salt
   
   
2. Mike Adenuga, Nigerian

Net Worth: $10 billion
Source Of Wealth: Telecom, Oil, Real Estate

3. Nicky Oppenheimer, South African

Net Worth: $6.6 billion

Source Of Wealth: Diamonds

4. Christoffel Wiese, South African

Net Worth: $6.2 billion
Source Of Wealth: Retailing

5. Johann Rupert, South African

Net Worth: $5.3 billion
Source Of Wealth: Luxury Goods

6. Nassef Sawiris, EgyptianNet Worth: $4.1 billion
   Source Of Wealth: Construction, Chemicals
   
7. Nathan Kirsch, Swazi

Net Worth: $3.7 billion
Source Of Wealth: Retail

8. Isabel dos Santos, Angolan

Net Worth: $3.1 billion
Source Of Wealth: Investments

9. Issad Rebrab, Algerian

Net Worth: $3.1 billion
Source of Wealth: Food

10. Naguib Sawiris, Egyptian

Net Worth: $3 billion
Source Of Wealth: Telecom

11. Mohammed Mansour, Egyptian

Net Worth: $2.5 billion

Source Of Wealth: Diversified

12. Othman Benjelloun, Moroccan

Net Worth: $1.9 billion
Source Of Wealth: Banking, Insurance

13. Mohamed Al Fayed, Egyptian

Net Worth: $1.9 billion
Source Of Wealth: Retailing

14. Femi Otedola, NigerianNet Worth: $1.85 billion
    
15. Youssef Mansour, Egyptian

Net Worth: $1.73 billion
Source: Diversified

16. Folorunsho Alakija, Nigerian

Net Worth: $1.55 billion
Source Of Wealth: Oil

17. Allan Gray, South African

Net Worth: $1.49 billion
Source Of Wealth: Money Management

18. Koos Bekker, South African

Net Worth: $1.47 billion
Source Of Wealth: Media, Investments

19. Yasseen Mansour, Egyptian

Net Worth: $1.39 billion
Source Of Wealth: Diversified

20. Aziz Akhannouch, Moroccan
Net Worth: $1.25 billion
Source Of Wealth: Petroleum, Diversified

21. Patrice Motsepe, South African

Net Worth: $1.15 billion
Source Of Wealth: Mining

22. Abdulsamad Rabiu, Nigerian

Net Worth: $1.1 billion
Source Of Wealth: Diversified

23. Onsi Sawiris, Egyptian

Net Worth: $1.09 billion
Source Of Wealth: Construction, Telecom

    24. Mohammed Dewji, Tanzanian

Net Worth: $1.09 billion
Source Of Wealth: Diversified