- Three Egyptian brothers are among the richest people in the continent
- Top on the list is Nigeria’s Aliko Dangote, with a net worth of KSh 1.3 trillion
- Nigerian cement tycoon, Abdulsamad Rabiu, was the top gainer in 2021 after shares of his BUA Cement PLC listed on the Nigerian Stock Exchange doubled in value
- Tanzanian Mohammed Dewji was the only East African on the list
American business magazine Forbes recently released the list of the richest people in Africa.
According to the report, the top 18 richest people in the continent have an average networth of $4.1 billion (KSh 446.5 billion). Nigeria’s Aliko Dangote tops the list of the wealthiest Africans for the tenth year in a row thanks to a 30% increase in the share price of his Dangote Cement Company.
Egyptian Nassef Sawiris, who controls a 6% stake in sportswear, Adidas, emerged second, while Nicky Oppenheimer of South Africa was ranked third.
Top gainer Nigerian cement tycoon, Abdulsamad Rabiu, was the top gainer in 2021 after shares of his BUA Cement PLC listed on the Nigerian Stock Exchange doubled in value. Methodology used The wealth of the richest Africans was calculated using net-worth of stock prices and exchange rates.
The estimates of profits by companies owned by the top richest was also a factor.