Forbes Releases List of Richest African Billionaires In 2023

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Forbes has released the list of the richest African billionaires in 2023.

Three Nigerians: Aliko Dangote, Abdul Samad Rabiu, and Mike Adenuga all made the list. 

With a net worth of $13.6 billion, Aliko Dangote continues to hold on to the title of the World’s Richest Black Person. 

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Meanwhile, Mike Adenuga, Chairman of Globacom, was ranked third in Nigeria with a fortune of $5.7 billion.

He was replaced as the second richest man in Nigeria by Abdul Samad Rabiu, who now has a fortune of $7.4 billion. 

According to Forbes, Only seven of the 54 countries in Africa are home to billionaires on the list of world billionaires.

There are six billionaires in Egypt, five in South Africa, three in Nigeria, two in Morocco, and one each in Zimbabwe, Algeria, and Tanzania. 

Of the three Nigerians on this year’s Forbes list, Only Abdul Samad Rabiu of BUA saw an increase in his fortunes from the previous year. The significant increase in shares of his publicly traded companies, BUA Cement Plc and BUA Foods Plc, was the source of the significant increase. Recall that his wealth increased from $4.9 billion to $7 billion in just 48 hours after BUA Foods Plc was listed on the Nigerian Exchange on January 5, 2022. 

Other Africans on the 2023 Forbes list 

Johann Rupert- $10.7 billion 

Nicky Oppenheimer- $8.5 billion 

Nassa Sawiris- $7.4 billion 

Issad Rebrab- $4.6 billion 

Patrice Motsepe- $3.2 billion 

Koos Bekker- $2.6 billion 

Strive Masiyiwa- $1.9 billion 

Mohammed Dewji – $1.5 billion 

Aziz Alchannouch- $1.5 billion 

Othman Benjelloun- $1.3 billion

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