Aliko Dangote has retained his position as Africa’s richest person with an estimated fortune of $28.5 billion, according to the Forbes 2026 Africa Billionaires ranking. The continent’s 23 billionaires collectively added over $20 billion to their net worth in the past year, with combined wealth now at $126.7 billion, a 21% jump from 2025.
Nigeria’s Abdulsamad Rabiu was the standout performer, climbing to third place with a 120% surge to $11.2 billion, powered by BUA Cement’s exceptional performance. Four Nigerians made the list: Dangote (1st, $28.5bn), Rabiu (3rd, $11.2bn), Mike Adenuga (6th, $6.5bn), and Femi Otedola (22nd, $1.3bn). South Africa leads with seven billionaires, followed by Egypt (five), Nigeria (four), and Morocco (three). Fourteen of the 23 billionaires are self-made; no woman features on the ranking.
FULL LIST: Forbes Africa Billionaires 2026
Aliko Dangote (Nigeria) – $28.5 billion (Diversified)
Johann Rupert & family (South Africa) – $16.1 billion (Fashion & Retail)
Abdulsamad Rabiu (Nigeria) – $11.2 billion (Diversified
Nicky Oppenheimer & family (South Africa) – $10.6 billion (Metals & Mining)
Nassef Sawiris (Egypt) – $9.6 billion (Construction & Engineering)
Mike Adenuga (Nigeria) – $6.5 billion (Diversified)
Naguib Sawiris (Egypt) – $5.6 billion (Telecom)
Patrice Motsepe (South Africa) – $4.3 billion (Metals & Mining)
Mohamed Mansour (Egypt) – $4 billion (Diversified
Michiel Le Roux (South Africa) – $3.8 billion (Finance & Investments)
Koos Bekker (South Africa) – $3.6 billion (Media & Entertainment)
Issad Rebrab & family (Algeria) – $3.6 billion (Food & Beverage)
Jannie Mouton & family (South Africa) – $2.7 billion (Finance & Investments)
Mohammed Dewji (Tanzania) – $2.1 billion (Diversified)
Strive Masiyiwa (Zimbabwe) – $2.1 billion (Telecom)
Christoffel Wiese (South Africa) – $1.9 billion (Fashion & Retail)
Youssef Mansour (Egypt) – $1.8 billion (Diversified)
Othman Benjelloun & family (Morocco) – $1.7 billion (Finance & Investments)
Aziz Akhannouch & family (Morocco) – $1.6 billion (Diversified)
Yasseen Mansour (Egypt) – $1.4 billion (Diversified)
Samih Sawiris (Egypt) – $1.4 billion (Service)
Femi Otedola (Nigeria) – $1.3 billion (Diversified)
Anas Sefrioui & family (Morocco) – $1.3 billion (Real Estate)
While Nigeria’s billionaires add billions to their fortunes, the Forbes list paints a picture of staggering wealth concentration, four Nigerians worth $47.5 billion combined, as the continent’s richest thrive.
Sources: Forbes 2026 Africa Billionaires Ranking
