Kenya misses out as Tanzania features on Forbes’ Africa billionaires list
Kenya misses out as Tanzania features on Forbes' Africa billionaires list
Kenya has missed out on the 2025 Africa Billionaires list published by the American business magazine – Forbes.
In the list that was released that was Saturday, March 29, South Africa featured prominently, with seven billionaires being listed.
Notably, in East Africa, only Mohammed Dewji of Tanzania is featured in the list. Dewji was the 12th richest person in Africa with a networth of Ksh280 billion (USD2.2 billion).
“South Africa had the largest number of billionaires this year, with seven, followed by four from Nigeria and four from Egypt,” read the release in part.
“The list also includes three billionaires from Morocco, one from Algeria (Isaad Rebrab), one from Tanzania (Mohammed Dewji) and one (Masiyiwa) from Zimbabwe.”
Overall, Aliko Dangote of Nigeria was named the wealthiest man in Africa, with a net worth of Ksh3 trillion (USD 23.9 billion).
His wealth was credited to his investments in the oil industry.
“Aliko Dangote of Nigeria tops the list for the 14th year in a row with an estimated net worth of $23.9 billion, up from $13.9 billion a year ago. The big jump in his fortune is primarily due to Forbes adding the value of his refinery, which opened last year on the outskirts of Lagos after long delays,” read the statement in part.
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“The refinery struggled for years to take off due to regulatory disputes and other setbacks but started refining a small amount of oil in early 2024 and is slated to reach full capacity this month. That has allowed Nigeria–a major oil-producing country–to begin exporting some refined petroleum products.”
The second richest man was Johann Rupert of South Africa, with a networth of Ksh1.8 trillion (USD 14 billion). The billionaire deals with luxury goods.
Others in the top 10 were Nicky Oppenheimer & family of South Africa (USD 10.4 billion), Nassef Sawiris of Egypt (USD 9.6 billion), Mike Adenuga of Nigeria (USD 6.8 billion), Abdulsamad Rabiu of Nigeria (USD 5.1 billion), and Naguib Sawiris of Egypt (USD 5 billion).
Koos Bekker of Soyth Africa (USD 3.4 billion), Mohamed Mansour of Egypt (USD 3.4 billion) and Patrice Motsepe of South Africa (USD 3 billion) also made it into the top 10. Motsepe is the president of the Confederation of African Football.
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