THE AFRICA TIMES | NIGERIA — Nigerian industrialist Aliko Dangote has retained his position as Africa’s richest person, with an estimated net worth of $28.5 billion. This assessment follows the latest wealth rankings, which reflect stock prices and currency exchange rates as of March 1, 2026.
Concentration of Wealth Across Africa
The rankings reveal a significant concentration of wealth within Africa’s manufacturing, retail, mining, telecommunications, and diversified business sectors. Notably, billionaires from Nigeria, South Africa, and Egypt dominate the continent’s top ten wealth holders.
Top Billionaires in Africa
South African luxury goods magnate Johann Rupert and his family ranked second, boasting an estimated fortune of $16.1 billion. Meanwhile, Nigerian businessman Abdulsamad Rabiu
