Faith Nyasuguta
Recently, Forbes Africa published its latest list of the wealthiest people in Africa, including 19 billionaires. The list was released on the February 13, 2023 on ForbesAfrica.com.
Just as it was expected, Aliko Dangote came in at number one with a net worth of $13.5 billion, with other expected entrants like Johann Rupert and Family, and Nicky Oppenheimer and Family coming in next at $10.7 billion and $8.4 billion respectively.
Africa’s richest individual for the 12th year in a row, Aliko Dangote, saw his fortune decrease by $400 million to $13.5 billion.
South Africa’s Johann Rupert maintained the second position with $10.7 billion, down from $11 billion in 2022, as shares of his Compagnie Financiere Richemont producer of Cartier watches and Montblanc pens clawed back most but not all of last year’s loss.
A South African who previously headed diamond mining giant DeBeers until selling it to mining firm Anglo American a decade ago, Nicky Oppenheimer, is ranked third, valued at an estimated $8.4 billion.
According to the Forbes publication, Africa’s wealthiest people have lost a total of $3.1 billion in the last 12 months, following a global downturn in markets in 2022.
The continent’s 19 billionaires are worth an estimated $81.8 billion, down from $84.9 billion held by 18 African billionaires a year earlier.
The 3.6% drop in the Forbes list for 2023 after a 15% increase last year is pegged on the strength of increasing stock values from Nigeria to Zimbabwe.
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