23 Africans have been listed in the 2016 edition of the world billionaire ranking published by Forbes on March 1, 2016. The top two of this list are Nigerians.
6 of the African listed in the ranking in 2015 exited it this year. These are Stephen Saad (South Africa); Onsi Sawiris (Egypt), Miloud Chaabi (Moroocco) Samih Sawiris (Egypt), Sudhir Ruparelia (Uganda) and Rostam Aziz (Tanzania) whose respective fortunes dropped below a billion dollars.
Here is the ranking listing the 23 African with a fortune exceeding the billion dollars :
1) Aliko Dangote (photo): $15.4 billion (Nigeria)
2) Mike Adenuga: $10 billion (Nigeria)
3) Nicky Oppenheimer: $6.6 billion (South Africa)
4) Christoffel Wiese: $5.8 billion (South Africa)
5) Johann Rupert: $5.3 billion (South Africa)
6) Nassef Sawiris : $3.7 billion (Egypt)
7) Nathan Kirsh : $3.7 billion (Swaziland)
8) Issad Rebrab : $3.1 billion(Algeria)
9) Isabelle Dos Santos : $3 billion (Angola)
10) Naguibs Sawiris : $3 billion (Egypt)
11) Mohamed Mansour : $2.5 billion (Egypt)
12) Mohamed Al Fayed : $1.9 billion (Egypt)
13) Othman Benjelloun : $1.9 billion (Morocco)
14) Femi Otedola: $1.8 billion (Nigeria)
15) Youssef Mansour: $1.7 billion (Egypt)
16) Folorunsho Alakija: $1.6 billion (Nigeria)
17) Allan Gray : $1.6 billion (South Africa)
18) Yasseen Mansour: $1.4 billion (Egypt)
19) Koos Bekker: $1.4 billion (South Africa)
20) Aziz Akhannouch: $1.3 billion (Morocco)
21) Abdulsamad Rabiu: $1.1 billion (Nigeria)
22) Patrice Motsepe : $1.1 billion (South Africa)
23) Mohammed Dewji: $1.1 billion (Tanzania)
At the global level, the number of billionaires dropped for the first time since 2009, their overall fortune also did according to Forbes.
There are 1,810 billionaires all over the globe, thus 16 less than a year before. Combined wealth was at $6,480 billion, thus $570 billion less than in 2015.
According to Forbes, the fall is attributable to unstable stock markets, tumbling oil price and strong dollar.
Among last year’s top 20 world billionaires, only two kept their position. Microsoft co-founder Bill Gates, for the third consecutive year, is the richest man in the world, with $75 billion, thus 4.2 billion less than the year before.
Founder of clothing brand Zara, the Spanish Amacio Ortega, comes second ($67 billion in 2015 against 64.5 billion in 2014) while American business mogul Warren Buffet remains third (60.8 billion, down 11.9 billion compared to the year before). Fallen from the second to the fourth place is Mexican Carlos Slim who lost 27.1 billion over the year reaching $50 billion, against 77.1 billion a year earlier.
Facebook’s 31-year CEO, Mark Zuckerbeg, is of all billionaires the one who had the best year. His wealth grew by $11.2 billion to $44.6 billion. He soared from the 16th place to the 6th.
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
S&P Global Ratings ranked 25 African sovereigns by exposure to the Middle East war on April 23 When read against IMF and World Bank reports issued in...
Guinea launches MPS30, MPS32 to reform higher education system Projects aim to align curricula with labor market needs Low graduate employment drives...
Guinea plans second subsea cable via Medusa to boost resilience MoU expected May 6; system capacity designed at 480 Tb/s Move aims to cut costs,...
Desert Gold launches 4,250m drilling at SMSZ project in Mali Program targets resource expansion across five priority prospects Campaign supports...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...