As of the start of 2024, there has been a noteworthy shift in the rankings of Africa’s wealthiest individuals. Johann Rupert, a South African billionaire, has now taken the lead as the richest person in Africa, overtaking Aliko Dangote. This new ranking is reflected in the latest Forbes list. Here is a detailed overview of the top ten richest people in Africa, including their net worth:

1. Johann Rupert & Family: With a net worth of $10.3 billion, Johann Rupert, the chairman of Swiss luxury goods firm Compagnie Financière Richemont, now tops the list of Africa’s richest individuals.
2. Aliko Dangote: Previously Africa’s richest man, Dangote’s net worth has decreased to $9.5 billion. This decline is attributed to the economic challenges and the devaluation of Nigeria’s currency.
3. Nicky Oppenheimer & Family: Holding a net worth of $8.3 billion, the Oppenheimer family remains significant in the diamond industry.
4. Nassef Sawiris: An Egyptian billionaire with a net worth of $7.4 billion, Sawiris has diversified his wealth through construction and other investments.
5. Abdulsamad Rabiu: With a net worth of $5.9 billion, Rabiu has made his fortune in the cement and sugar industries.
6. Nathan Kirsh: Kirsh, from Eswatini, has a net worth of $5.8 billion, primarily from retail and real estate.
7. Issad Rebrab & Family: The Algerian billionaire and his family, with a net worth of $4.6 billion, are prominent in the food industry.
8. Mohamed Mansour: Mansour, with a diversified portfolio, has a net worth of $3.6 billion.
9. Naguib Sawiris: With a net worth of $3.3 billion, Sawiris’s wealth primarily comes from the telecom sector.
10. Mike Adenuga: Adenuga, a Nigerian billionaire with interests in telecom and oil, has a net worth of $3.1 billion.

This updated list of the wealthiest individuals in Africa, as reported by Forbes, illustrates the dynamic nature of wealth on the continent, shaped by various sectors like luxury goods, natural resources, telecom, and food industries. For more detailed insights and updates on these individuals, refer to the articles on Business Elite Africa.