Only 52% Of Forbes African Billionaires Inherited Their Wealth

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Africa currently has 23 billionaires compared to 21 billionaires a year ago according to Forbes magazine published in February 2018. The current billionaires are worth $75.4billion in February 2018, $5.4 billion more when compared to January 2018.

Here is the list and what they are worth

Aliko Dangote; Nigerian; aged 60; worth $12.2b

Nicky Oppenheimer; South African, aged 72; worth $7.7b

Johann Rupert; South African; aged 67; worth $7.2b

Nassef Sawiris; Egyptian; aged 56; worth $6.8b

Mike Adenuga; Nigerian; aged 64; worth $5.3b

Naguib Sawiris; Egyptian; aged 63; worth $4b

Issad Rebrab; Algerian; aged 74; worth $4b

Koos Bekker; South African; aged 65; worth $2.8b

Isabel Dos Santos; Angolan; aged 44; worth $2.7b

Mohamed Mansour; Egyptian; aged 69; worth $2.7b

Patrice Motsepe; South African; aged 55; worth $2.4b

Aziz Akhannouch; Moroccan, aged 57; worth $2.2b

Yaseen Monsour; Egyptian; aged 56; worth $1.9b

Strive Masiyiwa; Zimbabwean; aged 56; worth $1.7b

Folorunsho Alakija, Nigerian; aged 67; worth $1.7b

Othman Benjelloun; Moroccan; aged 85; worth $1.6b

Mohammed Dewji; Tanzanian; aged 42; worth $1.5b

Youssef Monsour; Egyptian; aged 72; worth $1.4b

Michiel Le Roux; South African; aged 68; worth $1.2b

Stephen Saad; South African; aged 53; worth $1.2b

Desmond Sacco; South African; aged 75; worth $1.1b

Christoffel Wiese; South African; aged 76; worth $1.1b

Onsi Sawiris; Egyptian; aged 88; worth $1.1b

There are 8 South Africans on the list with a combined worth of $23.5billion

6 Egyptians are on the list with a combined worth of $17.9billion, the Egyptians on the list appeared to have come from 2 families, the Monsour and the Sawiris families. These 2 families have 3 of their siblings each on the list.

Nigeria has 3 billionaires on the list with a combined worth of $19.2billion

2 of the billionaires are Moroccans, they are together worth $3.8billion.

Algeria, Angola, Zimbabwe and Tanzania has 1 representatives each on the list with Tanzania and Angola having the youngest billionaires on the continent.

An analysis of the list revealed that 48% of these billionaire actually founded the companies that made them billionaires: Aliko Dangote, Africa’s richest man, Mike Adenuga and Folorunsho Alakija. All 3 Nigerian billionaires are founders of their companies. Koos Bekker, Patrice Motsepe, Mitchell Le Roux, Stephen Saad and Christopher Wiese all of South Africa are also founder of their companies. Issad Debra of Algeria, Strive Masiyiwa of Zimbabwe and Onsi Sawiris of Egypt also founded their companies. Onsi Sawiris of Egypt has 2 sons on the list, he founded the companies that made his sons billionaires.

These self made billionaires are worth $34.7 billion about 40% of the total worth of current African Forbes billionaires.

The 2 billionaire below 50years of age: Isabel Dos Santos of Angola and Muhammad Dewji of Tanzania inherited their wealth with Isabel being the eldest daughter of her county’s former president.

Isabel Dis Santos and Folorunsho Alakija are the only 2 women on the list.

Aliko Dangote of Nigeria and Africa’s richest man is currently worth about 16% Of the total worth of Forbes African billionaires and has been on top of the list for the part 7 years.

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