FULL LIST: Dangote leads as Africa’s billionaires add $20bn to fortunes

Africa’s billionaires have seen their wealth surge, with the continent’s 23-member “three-comma membership” now value a mixed $126.7 billion, up 21% from 2025.

Collectively, they added $20.3 billion over the previous yr, pushed by rising fairness markets and stabilising regional currencies.

That is in accordance with the newest Africa Billionaires rating launched by Forbes on Monday.

The most recent record reveals Nigeria’s continued presence, with 4 of its businessmen—Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola—named among the many continent’s wealthiest enterprise leaders.

Dangote stays the richest African, with an estimated internet value of $28.5 billion, up $4.6 billion this yr.

Dangote Cement’s shares have jumped almost 69% since final March, after the corporate doubled its income in 2025 to a document one trillion naira.

Dangote lately introduced a $400 million take care of a Chinese language equipment firm to speed up plans to double the refinery’s full capability by 2029.

The most important gainer was Rabiu, whose fortune rose 120%—$6.1 billion—to $11.2 billion.

Rabiu is now Africa’s third-richest billionaire, up from sixth final yr, trailing South African luxurious items tycoon Johann Rupert ($16.1 billion).

Shares of Rabiu’s BUA Cement rose 135%, outperforming the Nigerian Inventory Trade’s 81% achieve.

South African billionaire Michiel Le Roux, founding father of Capitec Financial institution, additionally noticed important positive factors as shares of the Johannesburg-listed monetary establishment rose 57%, surpassing the 45% rise of the native alternate.

The one billionaire who broke even this yr is Nassef Sawiris of Egypt, valued at $9.6 billion.

He owns stakes in English Premier League membership Aston Villa and sportswear big Adidas, the place he’s set to turn into chairman in Might.

4 African billionaires misplaced wealth over the previous yr.

Morocco’s Anas Sefrioui misplaced $300 million after shares of Group Addoha fell greater than 30%, whereas Nigeria’s Femi Otedola dropped $200 million however nonetheless returned to the record after promoting most of his stake in Geregu Energy. Each are actually value $1.3 billion.

On the collective development, Forbes famous, “The members of the continent’s three-comma membership—which surpassed $100 billion in mixed wealth for the primary time final yr—are richer than ever, having added a collective $20.3 billion to their mixed fortunes as main fairness markets throughout the continent rally and regional currencies stabilise. In all, these 23 dealmakers and moguls are value $126.7 billion, up 21% from 2025.”

Of the 23 billionaires, 14 (61%) are self-made, with no girls on the record.

All besides Tanzania’s Mohammed Dewji (50) are over 60. South Africa leads the continent with seven billionaires, adopted by Egypt (5), Nigeria (4) and Morocco (three).

Under are the wealthiest individuals in Africa and their internet value.

Africa’s Billionaires 2026

Forbes tracks African billionaires who reside in Africa or conduct their major enterprise there, excluding a number of high-profile figures akin to Mo Ibrahim, Ivan Glasenberg, Clive Calder and Elon Musk, who function primarily exterior the continent.

Internet worths had been calculated utilizing inventory costs and foreign money alternate charges as of March 1, 2026, in contrast with Forbes’ 2025 Billionaires record.

Privately held companies had been valued utilizing income and revenue estimates with comparable public firm ratios.