Total private wealth held by individuals in Africa from 2010 to 2020

According to the AfrAsia Bank Africa Wealth Report 2021, the total private wealth —  assets held by individuals — in Africa as of December 2020 had decreased by approximately 9% from 2019. Here is the total private wealth held by individuals in Africa from 2010 to 2020.

Source:

AfrAsia Bank, New World Wealth

Period:

2010 - 2020
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Elon Musk tops the global wealth rankings with a fortune surpassing $300 billion as of March 13, 2025
Key Takeaways:
  • As of March 13, 2025, Elon Musk is the sole individual whose net worth exceeds $300 billion.
  • Mark Zuckerberg is recognised as the youngest member among the top ten wealthiest individuals globally.
  • The exclusive $200 Billion Club features just three members: Musk, Bezos, and Zuckerberg.
  • The combined wealth of the ten richest individuals in the world totals around $1.8 trillion.
  • Eight individuals in the top ten wealth ranking list hail from the United States.
As of March 6, 2025, Alice Walton ranks as the richest woman in the world with a net worth of $103.9 billion
Key takeaways:
  • The total wealth of the three richest women surpasses $259 billion.
  • Alice Walton is the only woman in the world whose net worth exceeds $100 billion.
  • These women share a legacy of inherited wealth that they have successfully transformed into increased wealth.
  • Each of the top three richest women holds a net worth greater than $70 billion.
  • The top three richest women in the world are engaged in philanthropic endeavours.
Nigeria’s richest man has a net worth of $23.9 billion, ranking him as the 86th richest person globally
Key takeaways:
  • The total wealth of Nigeria's top four billionaires amounts to $37.4 billion.
  • Aliko Dangote's fortune accounts for almost 64% of the overall wealth among Nigerian billionaires.
  • Dangote's net worth is more than three times the net worth of Adenuga, and nearly 16 times greater than Otedola's.
  • All four individuals accumulated their wealth primarily through entrepreneurial efforts.
  • The sources of wealth for Nigeria's four richest men span various sectors, including cement, telecommunications, agriculture, and energy.
Aliko Dangote, the richest man in Africa has a net worth of $23.9 billion as of March 6, 2025
Key takeaways:
  • Africa’s wealthiest individual, Aliko Dangote, is approximately twice as rich as Johann Rupert and Nicky Oppenheimer.
  • Each of the three richest men in Africa have a net worth exceeding $10 billion.
  • Aliko Dangote maintains his status as Africa's wealthiest man, with a fortune that surpasses his closest rival by more than $9 billion.
  • The cumulative net worth of the five richest men in Africa is around $65.2 billion.
  • The difference in net worth between Africa's richest man and the fifth richest man is $17.1 billion.
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