Prime 5 Billionaires in Africa 2024: Who’s Main?

This yr has been stuffed with modifications for Africa’s billionaires, exhibiting simply how rapidly fortunes can rise and fall within the continent’s unpredictable economic system.

From sudden shifts available in the market to large enterprise offers, the wealth of Africa’s richest individuals has been in fixed flux, resulting in frequent modifications within the rankings.

Probably the most notable modifications is the battle for the title of Africa’s richest particular person between Nigeria’s Aliko Dangote and South Africa’s Johann Rupert.

Just lately, Johann Rupert has taken over because the continent’s richest man, a place that Dangote held for a lot of the yr.

This back-and-forth is especially attention-grabbing. Johann Rupert began in 2024 as Africa’s richest particular person, however Dangote overtook him only a month later.

Nevertheless, since February, Rupert has regained the highest spot and stays Africa’s wealthiest man.

Along with this, there are different important modifications amongst Africa’s billionaires. Notably, Nigeria’s Femi Otedola has rejoined the billionaire’s membership after a six-year absence.

Africa’s economic system is all the time fast to reply to varied elements that have an effect on the continent, and this yr has been no completely different.

Elements like modifications in commodity costs, forex values, conflicts, political instability, and new market traits have all influenced the rise or fall of wealth amongst Africa’s richest individuals.

As of August 2024, listed below are the highest 5 richest individuals in Africa, in line with Bloomberg’s real-time billionaire index:

These rankings present how rapidly wealth can change in Africa, the place fortunes can rise and fall in response to the continent’s ever-changing financial situations.