Nothing surprising, as usual, as it has been a static list with the same old people for years. Wealth is not mobile in Africa for many reasons. One of the reasons is that you need a huge public sector connection to have a breakthrough in the continent. And once you are in, you make sure no one comes into the club.
Yet, the number of billionaires in Africa–and the size of their fortunes–continues to drop. On this year’s list, FORBES is only including African billionaires living in Africa, instead of featuring Africa’s 50 richest people. There are 21 billionaires on this year’s list, worth a combined $70 billion.
Notice that Bill Gates at $84 billion has more money than all the African billionaires combined.
Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) opens registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
