Are you ready to learn about the lives of Africa’s billionaires? Today, we’re going to show you how the richest people in Africa live and show you exactly how much they are worth. Africa’s wealthiest own incredible homes, expensive private jets, and cool cars. Many of these billionaires made their fortune from oil and gas, construction, or diamond mining. There are now 18 billionaires living on the continent - that’s down slightly from a peak of 23 billionaires in 2018 but up significantly since the year 2000 when there were 0 billionaires living in Africa. The richest person in Africa is Nigerian business magnate Aliko Dangote. At the time of producing this video, he had a net worth of $12.4 billion. That’s 30% more than he was worth in 2020. The cause for this rise in wealth? Well, it’s because Dangote Cement’s share price rose considerably in the last year.. He founded the multinational cement manufacturer and it’s still his largest holding. At the time of producing this video, the company had a market cap of 4.17 trillion Nigerian Naira. Converted to US currency, that’s more than $10 billion. Africa’s massive infrastructure projects are making Dangote very rich. Africa’s second richest person is Egyptian businessman Nassef Onsi Sawiris. At the time of pricing this video, Sawiris had a net worth of $8.5 billion. He inherited his massive fortune from his father, who founded Orascom Construction. He’s now the CEO of Orascom as well as a supervisory director at Adidas. Here’s a look at what it’s like to be a billionaire in Africa. Keep watching to find out more about the lives of the richest people in Africa.
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Written by: Rob Cramer Narrated by: Adam Newmark Edited by: Andrew G.
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CHAPTERS: 00:00 Intro 00:42 Africa’s Billionaires 03:58 The Wealthiest Parts of Africa 05:17 Excess in Africa 07:59 Wealth Gap in Africa