There are 25 billionaires in Africa

Forbes reports that South Africa is home to the most billionaires in the Africa. Here are where the rest live.

Aliko Dangote  (Venture Africa)

The number of commas in your net worth is a status symbol, and South Africans have serious bragging rights.

Forbes reports that South Africa is home to the most billionaires in Africa but Egypt is catching up quickly.

There are 7 billionaires from Egypt according to Forbes.

But for now, the South Africa maintains the Africa's largest concentration of billionaire wealth. A total of 8 South Africansbillionaires out of the 25 in Africa.

Keep reading to find out the top countries with the most billionaires in Africa, and how many live there.

1.South Africa: 8 billionaires

Nicky Oppenheimer & family are the richest in South Africa. The DeBeers diamond heir sold his 40% stake in DeBeers to Anglo American for $5.1 billion in cash in 2012. Net Worth: $7 billion  (Forbes)

2. Egypt: 7 billionaires

Egypt's richest businessman, Nassef Sawiris, runs OCI, one of the largest nitrogen fertilizer producers in the world. Net Worth: $6.2billion  (Forbes)

3. Nigeria: 3 billionaires

Dangote, Africa's richest man, founded and chairs Dangote Cement, the continent's largest cement producer. Net Worth: $12.2 billion  (Forbes)

3. Morocco: 3 billionaires

Othman Benjelloun's father was a large shareholder in a small Moroccan insurance company(Net worth $2.1 B )

Tanzania: 1 billionaire

Mohammed Dewji is the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s.(Net worth $1.39 B)  (Forbes)

Swaziland: 1 billionaire

Nathan Kirsh made his first fortune in his native Swaziland, founding a corn milling business in the country in 1958. (Net worth $4.2 B)  (Forbes)

Algeria: 1 billionaire

Issad Rebrab founded Algeria's biggest privately held conglomerate, Cevital.  (Forbes)

Angola: 1 billionaire

Africa's richest woman, Isabel dos Santos is the oldest daughter of Angola's longtime president. (Net worth $3.4 B)  (Forbes)

There are 25 billionaires in Africa There are 25 billionaires in Africa Reviewed by G4F Entertainment on October 30, 2017 Rating: 5

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