Despite the economic headwinds on the continent, Forbes Rich List 2017 shows that the number of billionaires in Africa has actually risen to 25, up from 24 last year.

The top 25 richest Africans includes billionaires hailing from eight countries including Algeria, Angola, Egypt, Morocco, Nigeria, South Africa, Swaziland and Tanzania.

From left, clockwise: Aliko Dangote, Isabel dos Santos, Nathan Kirsch, Johann Rupert, Naguib Sawiris, Nassef Sawiris, Issad Rebrab, Mike Adenuga, Christoffel Wiese, Nicky OppenheimerAFP/Getty Images/Reuters

Two heavyweights, Nigerian businessmen Femi Otedola and Abdulsamad Rabiu dropped off the list in the past 12 months.

42-year-old Mohammed Dewji of Tanzania remains the youngest billionaire in Africa with a wealth estimated at $1.4bn.

Angolan Isabel dos Santos and Folorunsho Alakija from Ngeria are still the only two female billionaires to make the list with fortunes estimated at $3.1bn and $1.61bn respectively.

 

In the top ten are the following names:

Aliko Dangote, Nigeria

Net Worth: $12.2bn (£9.79bn, €11.28bn, estimated as at 20 March 2017)

Source Of Wealth: Cement, flour, sugar, salt

Nicky Oppenheimer, South African

Net Worth: $7bn

Source Of Wealth: Diamonds

Mike Adenuga, Nigeria

Net Worth: $6.1bn

Source Of Wealth: Telecom, Oil, Real Estate

Johann Rupert, South Africa

Net Worth: $6.3bn

Source Of Wealth: Luxury Goods

Nassef Sawiris, Egypt

Net Worth: $6.2bn

Source Of Wealth: Construction, Chemicals

Christoffel Wiese, South Africa

Net Worth: $5.9bn

Source Of Wealth: Retail

Nathan Kirsh, Swaziland

Net Worth: $3.9bn

Source Of Wealth: Retail

Egyptian billionaire Naguib Sawiris pauses during a Bloomberg Television interview in London, U.K., on Thursday, May 24, 2012. Sawiris said he’d be willing to sell his Telekom Austria AG stake to Carlos Slim’s America Movil SAB if the Austrian government is uncooperative. Photographer: Simon Dawson/Bloomberg via Getty Images

Naguib Sawiris, Egypt

Net Worth: $3.8bn

Source Of Wealth: Telecom

Isabel dos Santos, Angola

Net Worth: $3.1bn

Source Of Wealth: Investments

Issad Rebrab, Algeria

Net Worth: $3bn

Source of Wealth: Food

 

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