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.
Number of millionaires and billionaires in Africa as 2023, by wealth tier
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Number of people in thousands
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According to the source, wealth refers to the net assets of a person and includes all their assets (property, cash, equities, business interests) less any liabilities.
Billionaires are individuals with wealth of one billion U.S. dollars and more.
Centimillionaires are individuals with wealth of 100 million U.S. dollars and more.
Millionaires are individuals with wealth of one million U.S. dollars and more.
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Henley & Partners. (April 16, 2024). Number of millionaires and billionaires in Africa as 2023, by wealth tier [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1242532/number-of-millionaires-and-billionaires-in-africa/
Henley & Partners. "Number of millionaires and billionaires in Africa as 2023, by wealth tier." Chart. April 16, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1242532/number-of-millionaires-and-billionaires-in-africa/
Henley & Partners. (2024). Number of millionaires and billionaires in Africa as 2023, by wealth tier. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1242532/number-of-millionaires-and-billionaires-in-africa/
Henley & Partners. "Number of Millionaires and Billionaires in Africa as 2023, by Wealth Tier." Statista, Statista Inc., 16 Apr 2024, https://www.statista.com/statistics/1242532/number-of-millionaires-and-billionaires-in-africa/
Henley & Partners, Number of millionaires and billionaires in Africa as 2023, by wealth tier Statista, https://www.statista.com/statistics/1242532/number-of-millionaires-and-billionaires-in-africa/ (last visited July 22, 2024)
Number of millionaires and billionaires in Africa as 2023, by wealth tier [Graph], Henley & Partners, April 16, 2024. [Online]. Available: https://www.statista.com/statistics/1242532/number-of-millionaires-and-billionaires-in-africa/
