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Home Africa

Forbes Billionaires’ list: Africa’s richest people 2021

Mark-Anthony Johnson by Mark-Anthony Johnson
January 27, 2021
in Africa, FA, Finance, Wealth
Reading Time: 2 mins read
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Forbes Billionaires’ list: Africa’s richest people 2021
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In Africa—as elsewhere in the world—the wealthiest have come through the pandemic just fine. The continent’s 18 billionaires are worth an average US$4.1B, 12% more than a year ago, driven in part by Nigeria’s surging stock market.

For the tenth year in a row, Aliko Dangote of Nigeria is the continent’s richest person, worth US$12.1B, up by US$2B from last year’s list thanks to a roughly 30% rise in the share price of Dangote Cement, by far his most valuable asset.

The second richest is Nassef Sawiris of Egypt, worth US$8.5B and whose largest asset is a nearly 6% stake in sportswear maker Adidas.

At number three, worth US$8B is Nicky Oppenheimer of SouthAfrica, who inherited a stake in diamond firm DeBeers and ran the company until 2012, when he sold his family’s 40% stake in DeBeers to mining giant AngloAmerican for US$5.1B.

Also read: Bako Ambianda makes Forbes Africa “30 Under 30” List

While some got richer by the billions, two from the 2020 list of Africa’s richest dropped below the US$1B mark. In fact, the only two women billionaires from Africa have both fallen off the list. Forbes calculates that the fortune of Folorunsho Alakija of Nigeria, who owns an oil exploration company, dropped below US$1B due to lower oil prices.

Isabel dos Santos, who since 2013 has been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal. In January 2020, the attorney general of Angola charged Dos Santos with embezzlement and money laundering. The Angolan court claimed that actions taken by Dos Santos, her husband Sindika Dokolo (who died in October 2020, reportedly in a scuba diving accident) and one other associate caused the Angolan government losses of at least US$1.14B. Forbes has marked Dos Santos’ frozen assets at zero. Through a spokesperson, Dos Santos declined to comment.

The 18 billionaires from Africa hail from seven different countries. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. Altogether they are worth US$73.8B, slightly more than the US$73.4B aggregate worth of the 20 billionaires on last year’s list of Africa’s richest people.

Source: Forbes

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Tags: africabillionairesFeatureFinanceForbesForbes Billionaires ListForbes Billionaires' list: Africa's richest people 2021Mark-Anthony Johnsonwealthафрикаأفريقياアフリカ非洲
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Mark-Anthony Johnson

Mark-Anthony Johnson

MARK-ANTHONY JOHNSON is the founder and CEO of JIC Holdings, an innovative private holding company established in 2009 which he has built into an international asset and investment management company with offices, associates and investments around the globe. This followed the success of the JIC Group which he founded in 1985. He was educated in the UK at Mill Hill School and then achieved a BA (Hons) in Business and International Finance at University of Westminster. Mark-Anthony’s vision has long been towards emerging and frontier markets with particular emphasis on Africa, Latin America and the Caribbean and his philosophy can be summed up in the phrase “knowledge is power”. Mark-Anthony is also enthusiastic about the latest communication tools, which he uses intensively to keep in touch with up to the minute data. With a deep-rooted connection to the African continent, Mark-Anthony has been passionate about developments in Africa for over 30 years. He has worldwide interests in mining, infrastructure, power, electricity, shipping, commodities, agriculture and fisheries and is currently looking to develop farms across Africa. Mark-Anthony has a vision for a future Africa as the breadbasket of the world. For many years Mark-Anthony has been active on the ground in Africa through his charitable foundation, the Johnson Foundation. Created in 1989, it first provided assistance to people in his ancestral home country, Sierra Leone, even before the civil war. Once the war started, his aid was even more necessary and became focussed on Mark-Anthony’s major concerns for Africa -education, clean water and medical assistance. Over the years, the Foundation’s work has been extended into many parts of Sub-Saharan Africa and has been instrumental in setting up new clinics and rehabilitating villages, schools, places of worship, water facilities etc.

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