Key takeaways:
As of March 6, 2025, Aliko Dangote, the Nigerian industrialist, is recognised as Africa's wealthiest individual, with a net worth of $23.9 billion. His financial success is primarily attributed to his investments in industries like cement, consumer goods, and petroleum.
Johann Rupert, the South African mogul in the luxury goods sector, ranks as the second richest person in Africa, with a wealth of $10.4 billion. While, Nicky Oppenheimer, the former owner of De Beers, is positioned as the third wealthiest man in Africa with a net worth of $10.5 billion.
Nassef Sawiris, a key figure in Orascom Construction, who has substantial investments in sports, ranked the fourth richest man in Africa and has a net worth of $9.6 billion.
The fifth richest man on the continent, Mike Adenuga, accumulated his wealth through Globacom and investments in oil. He has a net worth of $6.8 billion, which places him as the second richest man in Nigeria.