
Meet the 22 African billionaires of 2025: Nigeria claims four, South Africa leads with seven
This reflects the growing private wealth in these countries as businesses scale up and stock markets rally.
This reflects the growing private wealth in these countries as businesses scale up and stock markets rally.
But while two new faces joined the exclusive club, two notable figures, Nigerian business tycoons Tony Elumelu and Theophilus (TY) Danjuma, were conspicuously absent.
With Otedola’s return to the billionaire ranks, Africa now boasts 20 billionaires, up from 19 in 2023 and 18 in 2022.
The net worth of Nigerian billionaire Aliko Dangote has dipped below the $10-billion mark, according to Forbes.
African billionaires continue to symbolize the continent’s economic growth.