Dangote’s wealth increases by 72% to $23.9 billion, tops list of Africa’s 22 richest individuals
Aliko Dangote, Africa’s richest man, has once again secured the top spot on Forbes’ list of African billionaires, reinforcing his dominance in the continent’s business landscape.
Aliko Dangote, known for his vast empire in petroleum, cement, sugar, and other industries, continues to amass significant wealth, solidifying his position as a key player in Africa’s economic development.
Dangote’s fortune remains a testament to the success of strategic investments and industrial expansion.
According to the Forbes 2025 African billionaire ranking, which profiles 22 billionaires from the continent, their combined fortunes rose to a total of $105 billion, up from $82.4 billion and 20 billionaires last year.
The 2025 list highlights Africa’s shifting wealth landscape, with South Africa leading the pack with seven billionaires, while Nigeria and Egypt each boast four. Morocco follows closely with three billionaires, and Tanzania, Algeria, and Zimbabwe each have one.
Notably, Nigeria’s Aliko Dangote retained his position as Africa’s richest person for the 14th consecutive year, with his net worth rising to an estimated $23.9 billion from $13.9 billion last year.
The significant increase in his wealth is largely attributed to Forbes factoring in the value of his refinery, which began operations last year on the outskirts of Lagos, following prolonged delays.
According to the Forbes African Billionaire Ranking for 2025, the table below presents the latest list of Africa’s wealthiest individuals along with their net worth.
| 1 | Aliko Dangote | $23.9 B | Nigeria | Manufacturing |
| 2 | Johann Rupert & family | $14 B | South Africa | Fashion & Retail |
| 3 | Nicky Oppenheimer & family | $10.4 B | South Africa | Metals & Mining |
| 4 | Nassef Sawiris | $9.6 B | Egypt | Construction & Engineering |
| 5 | Mike Adenuga | $6.8 B | Nigeria | Diversified |
| 6 | Abdulsamad Rabiu | $5.1 B | Nigeria | Diversified |
| 7 | Naguib Sawiris | $5 B | Egypt | Telecom |
| 8 | Koos Bekker | $3.4 B | South Africa | Media & Entertainment |
| 8 | Mohamed Mansour | $3.4 B | Egypt | Diversified |
| 10 | Patrice Motsepe | $3 B | South Africa | Metals & Mining |
| 10 | Issad Rebrab & family | $3 B | Algeria | Food & Beverage |
| 12 | Mohammed Dewji | $2.2 B | Tanzania | Diversified |
| 12 | Michiel Le Roux | $2.2 B | South Africa | Finance & Investments |
| 14 | Othman Benjelloun & family | $1.6 B | Morocco | Finance & Investments |
| 14 | Anas Sefrioui & family | $1.6 B | Morocco | Real Estate |
| 16 | Aziz Akhannouch & family | $1.5 B | Morocco | Diversified |
| 16 | Jannie Mouton & family | $1.5 B | South Africa | Finance & Investments |
| 16 | Femi Otedola | $1.5 B | Nigeria | Energy |
| 16 | Christoffel Wiese | $1.5 B | South Africa | Fashion & Retail |
| 20 | Youssef Mansour | $1.4 B | Egypt | Diversified |
| 21 | Yasseen Mansour | $1.2 B | Egypt | Diversified |
| 21 | Strive Masiyiwa | $1.2 B | Zimbabwe | Telecom |
The winners and losers of 2025
Aliko Dangote’s net worth surged to $23.9 billion, up from $13.9 billion, largely due to the success of his Dangote Refinery.
Johann Rupert also experienced significant growth, with his wealth rising 39% to $14 billion, driven by his luxury goods empire.
Femi Otedola’s net worth increased by over 30% to $1.5 billion, fueled by the strong performance of shares in Geregu Power Plc.
However, not all African billionaires enjoyed financial gains in 2025.
Abdulsamad Rabiu, despite his earlier growth, later saw his net worth decline to $5.1 billion, largely due to the devaluation of the Nigerian naira.
Zimbabwe’s Strive Masiyiwa also faced a sharp drop in wealth, with his fortune shrinking by 33% to $1.2 billion.
This decline followed Zimbabwe’s decision to scrap its local currency and introduce the gold-backed ZiG, which created uncertainty in the country’s business environment.
Two African billionaires, Anas Sefrioui and Jannie Mouton, have returned to the Forbes list after previously falling off.
Sefrioui’s return is due to a surge in shares of his real estate firm Douja Promotion Groupe Addoha, while Mouton’s return follows a 59% jump in the share price of Capitec Bank Holdings.
