1st rank – Aliko Dangote
Forbes acknowledged Aliko Dangote to be the wealthiest person in Africa in early 2023. The 65-year-old magnate from Nigeria has been at the top of the tree for 12 years straight. At present, his net worth is estimated at more than $13 billion. His fortune mainly comes from his business empire, Dangote Cement, which is considered the largest cement manufacturing company in Africa. The enterprise produces over 48 metric tons of cement per year at production facilities in 10 countries.
2nd rank – Johann Peter Rupert
South African billionaire Johann Peter Rupert is the richest person in his home country and also is ranked second in Africa regarding capital value. His current net worth is measured at almost $9 billion. His profits are mainly generated by the luxury goods company Richemont. The holding company produces and sells jewellery, watches, leather goods, pens, firearms, clothing, and accessories. The entrepreneur also owns world-famous brands such as Cartier, Chloe, Montblanc, Van Cleef & Arpels S.A. and others.
3d rank – Nickolas Oppenheimer
The South-African businessman was born with a silver spoon in his mouth. Nickolas Oppenheimer inherited De Beers, a diamond mining empire which he later sold to a British company. In 2014, the entrepreneur founded his own business in Johannesburg, Fireblade Aviation, which operates chartered flights. His company is at the forefront of the African market of passenger services. Nickolas Oppenheimer still acts a CEO and Chairman. According to recent estimates, the personal wealth of the 77-year-old tycoon equals $8.4 billion.
4th rank – Abdul Samad Rabiu
The net worth of this Nigerian entrepreneur has been growing like mad. In 2020, his fortune measured just $2.9 billion. However, Abdul Samad Rabiu had $7.6 billion in his account tow years later. His wealth is primarily built from BUA Group, his own industrial conglomerate. The 62-year-old magnate runs a group of companies that focus on manufacturing cement, building roads, sugar processing, and trading real estate.
5th rank – Nassef Sawiris
The wealth of 62-year-old Egyptian investor Nassef Sawiris is estimated at $7.3 billion. The most valuable assets in his portfolio are the shares of sportswear manufacturer Adidas (almost 6%) and shares of the cement giant LafargeHolcim (5%). Besides, Nassef Sawiris owns OCI, one of the world’s largest manufacturers of nitrogen fertilizers, and construction firm Orascom Construction.
This month, the price of Bitcoin has soared to a record $89,000. Despite its constant volatility, BTC remains the most promising cryptocurrency since its debut in 2009. Many early investors who believed in Bitcoin's potential are now reaping the rewards of their foresight. Let's take a look at today's wealthiest crypto enthusiasts
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
This year has been pivotal for Bitcoin, the world's leading cryptocurrency. One of the key milestones was the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission. In April 2024, Bitcoin also experienced a halving event, which is typically seen as a positive development for the digital asset. This year, the cryptocurrency is up 57%, and analysts remain optimistic about its future. However, they highlight four key factors that could influence Bitcoin's trajectory, both for better and for worse
