Nigeria’s Aliko Dangote has retained his position as Africa’s richest person, with an estimated fortune of $28.5 billion, according to the Forbes 2026 Africa Billionaires ranking. The continent’s 23 billionaires collectively added over $20 billion to their net worth, driven by stronger equity markets and improving currency stability.
Dangote’s wealth was boosted by a sharp rise in Dangote Cement shares, following the company’s record profits in 2025. South African luxury goods tycoon Johann Rupert ranked second with $16.1 billion, while Nigeria’s Abdulsamad Rabiu climbed to third position with $11.2 billion.
South Africa leads with seven billionaires, followed by Egypt with five, and Morocco with three. Of the 23 billionaires, 14 are self-made, with no women featured on the list.
The Forbes ranking attributes the wealth increase to improved investor confidence and stronger regional currencies.