Number of millionaires and billionaires in Africa 2023
Total private wealth in Africa amounted to 2.5 trillion U.S. dollars in 2023, with the number of African billionaires reaching 21 billionaires. In 2023, the richest individual in Africa was the Nigerian Aliko Dangote. Founder and chairman of Dangote Cement, the largest cement producer in the whole African continent, the billionaire also owns salt and sugar manufacturing companies.