How Africa’s Richest Billionaires Make Their Money

How Africa’s Richest Billionaires Make Their Money | Forbes

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Күн бұрын

The fortunes of Africa’s wealthiest people have rebounded slightly in the past 12 months, reversing the decline in their fortunes from a year ago, though they are still off their all-time highs. The 20 billionaires on the 2024 Forbes list of Africa’s Richest are worth a combined $82.4 billion. That’s up $900 million from last year’s $81.5 billion.
The continent remains one of the world’s toughest places to build - and hold onto - a billion-dollar fortune, as global investors remain leery of its stock exchanges, businesses struggle against strained economies, poor infrastructure and volatile exchange rates, while changing political winds can make, boost or bust private fortunes.
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Пікірлер: 266

@michaelmwalii6878 4 ай бұрын

Dangote and adenuga are dragged down by the depreciating naira. If they had a more stable currency they'd be roughly 50-60 billion dollars

@icetrip2417 4 ай бұрын

That's very true if the naira was stronger even the average Nigerian would be living a decent life

@tristanmay4948 4 ай бұрын

@icetrip2417 well naira is still depreciating they wealth will downfall.

@juliusfakayode703 4 ай бұрын

And more people like Elumelu, Awosika, Stanley Ekeh, would have made the cut. Devaluation of naira is holding it grip not only on the poor and average Nigerians - but also the rich are equally taking a bite.

@kiuk_kiks 4 ай бұрын

Not true. They have fixed assets, unaffected by the tumbling and unstable Naria.

@michaelmwalii6878 4 ай бұрын

@@kiuk_kiks much of their wealth is tied to the stock market whose price is in the naira and certainly not a fixed asset

@MydasBuck 3 ай бұрын

Africa just needs more innovators to compete globally

@mthokozisimyende787 4 ай бұрын

The inequality in South Africa dou is INSANE

@lm_b5080 4 ай бұрын

the interesting failure of south africa has been the inability of the ANC to keep the economy growing at 4-5% & empowering upcoming black entrepreneurs and industrialists. based on SA's incredible infrastructure & world-class institutions, young black south africans would've been thriving now

@meretricioussimp7759 4 ай бұрын

@@lm_b5080anc was corrupted by rich white elitr who bribed politicians to protect their wealth and rule on soith africa. apartheid still exists its just less visible and violent now

@awellculturedmanofanime1246 3 ай бұрын

@@lm_b5080 but they arent and its mostly due to the huge fkin ANC corruption with them giving family members positions they arent qualified for which destroyed the electric infrastructure basically

@user-kf8uh3ug7m 14 күн бұрын

I rather be a humble pessant that be a rich billionheir in any country.

@dekuan4148 3 ай бұрын

Richest people in South African just notice how their fortune comes from a family generational wealth.

@Therealilr 3 ай бұрын

and this says something.. maybe that black people dont know how to keep generationzl wealth? cause why are most of them first generation billionaires while the white people pass it down.

@user-xd4rg5yq4g 4 ай бұрын

Very motivational 🎉 I'll be on this list one day 🙏

@glad.fx.africa 4 ай бұрын

I believe you

@colinpowell1377 4 ай бұрын

cap

@alfellati 4 ай бұрын

Insha'Allah. So plan and work toward it, but chase a problem and solve it then the money will chase you. Africa has a lot of potential. Many will come. Please be of the good ones.

@zeropainmedia 4 ай бұрын

Amen

@ciresfrancisco3572 4 ай бұрын

ME TOO

@romariohylton3963 4 ай бұрын

The Oppenheimer family doesn’t have a “control“ spot in the Diamond industry. They have a monopoly.

@lonewolfx9040 3 ай бұрын

they never tell tge truth, they always tone down things

@Mayor1248 3 ай бұрын

I HAVE INCURRED SO MUCH LOSSES TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED.

@maureen... 3 ай бұрын

I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.

@maureen... 3 ай бұрын

Kate Floretta Face book

@vincentstewart1843 3 ай бұрын

you must have these things in mind 1. Have a long term mindset. 2. Be willing to take *risk*. 3. Be careful, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with an assistant.

@Godwin_blessing_felix 3 ай бұрын

The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)

@janejane386 3 ай бұрын

When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.

@thomasnorris7285 3 ай бұрын

I'm really much impressed with your personality here. And your posts are so interesting..

@alfellati 4 ай бұрын

Beautiful. Only if the Naira stay it ground. Dangote and Adenuga would definitely be far ahead on the list.

@razrsliq7623 2 ай бұрын

The Naira will never be great until the power sector is fixed. Nigeria cannot grow without stable electricity.

@MENSARII 4 ай бұрын

Can't wait to be on the list

@janomesteve3129 4 ай бұрын

Believe, do your best and you gonna make the list

@NotHuman39 4 ай бұрын

As an algerian there way more than 1 billionaire in algeria. I used to live in one of the money laundering cities and the amount of money there is just unfathomable. that's without talking about the politicians who stole 2 trillion dollars in the past.

@zamo9266 4 ай бұрын

I’m going to be on this list

@worldview2888 3 ай бұрын

My name is Nick and i am from ASIA ................ These incredible individuals are an INSPIRATION to my LIFE. They are from places that are not easy to survive, but they built their way up and has shown this world how their presence is positive and helped so many people and even possibly carry their country out of poverty. All of them - i admire Alike Dangote.

@imrenedob3539 4 ай бұрын

Nagyon szepen koszonom a josagotokat❤ kellemes szep estet kivanok❤

@lovedaym_1000 4 ай бұрын

I will be the first Zambian billionaire

@colinpowell1377 4 ай бұрын

cap

@stephenbachmann1171 4 ай бұрын

In Zimbabwe dollars maybe.

@lovedaym_1000 4 ай бұрын

@@stephenbachmann1171 us dollars I'm very optimistic

@musakam 4 ай бұрын

I trust Bloomberg billionair list more than Forbes list. Dangote is worth more on the Bloomberg list which I believe is accurate. Dangote just finish his Oil Refinery and Ferterlizer Plant with 70% of his own money. Profit from his cement factories arround Afriica and Nigeria were put into those project.

@doityourself6916 4 ай бұрын

We need to be honest about those white europeans who claim to be south africans and are on the forbes list because of apartheid 😊

@AJK17.5 4 ай бұрын

If there black Americans and black English then there can be white South Africans, there were whites there also before apartheid

@lilac8794 4 ай бұрын

@@AJK17.5 but these ones benefitted from torturing and stealing from blacks. I don't want them on the list

@davyslanguages 4 ай бұрын

Congratulations Nigeria ❤

@geekscience1000 4 ай бұрын

It's not your money😂😂😂

@FerdinandTutorials 4 ай бұрын

This is so huge for Nigeria and Africa in general. They are really solving problems for this generation. 🎉

@olutayo304 4 ай бұрын

😂😂 . How pls??.

@akinfiyin8602 4 ай бұрын

@@olutayo304no be this same Nigeria everybody dey??😂 ask him well pls

@sutats 2 ай бұрын

More power to them.

@lemuhuru 4 ай бұрын

Over the next hundred years indigenous Africans will completely populate this list, foreigners shouldn't have too much power in Africa.

@NotKimiRaikkonen 4 ай бұрын

What 'foreigners'? Literally all of these men were born on Africa.

@lesedi1724 4 ай бұрын

@@NotKimiRaikkonen white people in South Africa. Their wealth is a direct result of colonialism and apartheid.

@mimi21746 4 ай бұрын

You don't know what you are saying.

@02nupe 4 ай бұрын

@@NotKimiRaikkonenyou know exactly what he means, lineage of some of them aren’t from the motherland.

@K.KLovelyz 4 ай бұрын

@@02nupeSo? If they were born in Africa, they are African. Doesn't matter if they're white

@thefellow 3 ай бұрын

Aliko Dangote 🙌🙌🙌🙌🙌

@user-gi1xb4uw9l 3 ай бұрын

They have right So

@shameershah917 4 ай бұрын

Thanks. It was helpful

@gutsymathias2231 25 күн бұрын

I'm going to be on this list some day be God's grace

@EmpoweredYou98 4 ай бұрын

Inspiring, thanks for sharing.

@codylim1 3 ай бұрын

Finished watching 4:48

@heavenschoice7165 4 ай бұрын

I pray for this type of grace to make for my me and my family members In Jesus name… AMEN !!!

@HettiOGGames 4 ай бұрын

No point in praying...

@heavenschoice7165 3 ай бұрын

@@HettiOGGames This is a prayer of faith knowing fully that faith without works is dead (James 2:17). It is up to you not to pray but don’t tell me what to do. Tamam

@Franciscog555 4 ай бұрын

elon musk must be a golfer...

@Kakarott2023 4 ай бұрын

Yeah🎉

@kwansonezra5586 4 ай бұрын

"and family" is usually a common phrase when talking about wealth in Africa. There's need for better distribution of wealth. If America has tens of billionaires then there should be millions of opportunity for growth when it comes to "a dedicated nobody". And another thing is that most of the wealth form this high net worth individuals come from natural resources (or are included as)

@karabomasimola2412 4 ай бұрын

Have self respect make your own wealth and stop cry for other people's hard earned profits.... Socialism is for lazy people.

@ericacheampong6933 4 ай бұрын

And where is Abdul Samad Rabiu of nigeria? May be he communicated to Forbes not to be included.

@NotKimiRaikkonen 4 ай бұрын

He's included, but 'only' worth $6.4 billion, so he doesn't make the top 5, he's #6

@ilynpayne7491 4 ай бұрын

1:13 play are they attaching cables to palm trees?

@pheelloppl1776 4 ай бұрын

It's just a design .... it's not a real tree its a cell tower

@olagokeadedamola 4 ай бұрын

Coming

@Qandeel 3 ай бұрын

Whats Eddie Murphy doing on the bills at 10 seconds into the video?

@trakefuture3383 4 ай бұрын

I will br mentioned as a billionaire!

@user-oq5qs1js5n 4 ай бұрын

Amen

@medkingson2111 4 ай бұрын

Amen me too 🙏🙏🙏

@United_Wings 4 ай бұрын

@solarbeats599 4 ай бұрын

forbes should create a list of billionaires with liquid cash stock prices networth can be manipulated and its not real cash

@gugulethuzangwa8358 4 ай бұрын

That would be so hard can keep cash in your house

@NotKimiRaikkonen 4 ай бұрын

Forbes doesn't have access to their private holdings. All they can do is estimate their holdings.

@kujodele4195 4 ай бұрын

I will join the list soon

@Mabena430 4 ай бұрын

😂😂😂😂😂

@HerbertStjean-sr3qm 4 ай бұрын

I hope he says there for a good while.👊🔥

@yungdadi 4 ай бұрын

Elon Musk and Bernard Arnault are South Africans, so why are they not in this list

@lemuhuru 4 ай бұрын

Because Bernard is French, born in France and made his money in France as well.

@tristangamz2679 4 ай бұрын

Bernard Arnault is French with no connection to South Africa and Elon musk does most of his business in America and is also an American citizen so it’d be more fitting to put him on an American list even though he is a South African citizen

@FemiMartins-xl4se 4 ай бұрын

Even Tope Awotona and Bayo Ogunlesi are Nige-rians, but not on Africa's billionaires list.

@amanuelgedefaw29 4 ай бұрын

where is Mohammed Al Amoudi??

@Morrisnonye 4 ай бұрын

I am going to be on the list in the future ✌🏻

@ecognitio9605 4 ай бұрын

You won't

@razrsliq7623 2 ай бұрын

Still not stable power supply in Nigeria even though some of the richest men in Africa come from Nigeria. What a shame.

@2LETLIVE 2 ай бұрын

Is there a stable power supply in your country? Name one billionaire in your country. I bet you got none! You should be shamed of yourself instead because you can not even name your country so we drag it.

@icetrip2417 4 ай бұрын

Soon i will be on that list

@AbdullahKhan-gs6cl 4 ай бұрын

Did you make it yet?

@realtorrasheeddubai 3 ай бұрын

"Don't wait to buy real estate. Buy real estate and wait." - Will Rogers "The best investment on Earth is Earth." - Louis Glickman

@Jackdemno 4 ай бұрын

The naira devaluation messed the Nigerian billionaires up , they could've been worth atleast 50b$ upwards and Nigeria would've had atleast 10 billionaires in $ but regardless

@dericknasasira9124 4 ай бұрын

🙏🙏🙏🙏🙏

@adobotravels 4 ай бұрын

They become a prince and write you an email

@RichardGligah 4 ай бұрын

Ghana are part

@gustavsmit23 4 ай бұрын

1:15 my hometown Somerset West😅🔥

@shiftorigi1346 4 ай бұрын

What about Sam Matekane the richest man in Lesotho

@Dwaynesk 4 ай бұрын

😂😂😂😂

@brightm92 4 ай бұрын

Where is Malawi

@adrix2843 4 ай бұрын

Why Elon musk isn't in list?

@nicksnelson1231 4 ай бұрын

The same reason the owner of calendify isn't cuz they created their wealth in usa with us citizenships

@ivantonny8337 4 ай бұрын

Dangote currently at 20bn 🎉🎉

@colinpowell1377 4 ай бұрын

what u on my bro

@toietmoi650 4 ай бұрын

You forgot to mention Elon Musk. He is African too.

@ibrahimsuleiman8473 4 ай бұрын

His business is outside Africa

@user-oq5qs1js5n 4 ай бұрын

Black man made it to #1 its our contitent

@icetrip2417 4 ай бұрын

Yessir he's a hard worker he has also donated $1.4B ❤

@containedhurricane 4 ай бұрын

All humans came from Africa

@MojoMachin3 4 ай бұрын

No, its not our continent. Till we free all countries from corrupt politicians and neo-imperalist chains.

@okhah 4 ай бұрын

Ote$❤

@diegomarcelino4584 3 ай бұрын

0:43 Zimbabwe got more than a few billionaires. 😆

@Daniel-vw7mw 3 ай бұрын

Nearly everyone in Zim has a trillion $$ note

@Streamchecked 3 ай бұрын

What about Elon Musk? He is from Africa

@_Venson_ 4 ай бұрын

where are the Batswana. It's fine I will stand for them one day

@fullmetaltheorist 4 ай бұрын

South Africa is technically representing Botswana. Patrice Motsepe is a South African Tswana.😂

@waydzgenesisvevo 4 ай бұрын

Wheres Elon?

@MansaKimani 4 ай бұрын

Waiting in the Wings

@emmanuelmarques5846 4 ай бұрын

Where my am?

@Mzwambedu 4 ай бұрын

This list is a record of the past 😅curious what the $trillionnaires of the future will be doing, especially with rose of AI

@pchimenya 4 ай бұрын

Forbes is still relevant?

@Vibe-vz9rb 4 ай бұрын

Elon musk should be on this list his South African

@skp8748 4 ай бұрын

No he's not

@Vibe-vz9rb 4 ай бұрын

He doesn’t stay in Sa but his from SA

@ngukaochieng7063 4 ай бұрын

Some Kenyan politicians are wealthier than every one in this list😅

@cbegram6161 4 ай бұрын

😂😂😂

@Dwaynesk 4 ай бұрын

Every African president is a billionaire 😂😂😂

@NotHuman39 4 ай бұрын

you mean dictator@@Dwaynesk

@jameelbarnes3458 4 ай бұрын

What’s also interesting is how they spend it

@ikechukwuokechukwu1892 4 ай бұрын

What do u mean by how they spend?

@lm_b5080 4 ай бұрын

johan rupert donated 10,000 title deeds for poor people to have their own homes recently

@motherhawaawlaa5300 3 ай бұрын

Isn’t elon musk south africain? So should he not be first?

@MythicSapphire 4 ай бұрын

🎉🎉

@abubakarrbangura5716 4 ай бұрын

One day i well be in this lists

@ernieyt7942 3 ай бұрын

Doesn't Elon Musk count?

@kennethadler7380 4 ай бұрын

You are forgeting about all does Nigerian princes who have billions of dollars to send to you if you give them a thousand first

@aryankushwaha1964 4 ай бұрын

😂

@kopee35 4 ай бұрын

stale 😑

@ebingo10 4 ай бұрын

Billionaires in Africa know why Africa is poor but they keep quiet...the reason a person like Dangote is so rich is because he pays little to import products from foreign countries needed in his operations. While his businesses provide meaningful jobs for those who work for him...we neen more business widespread in Africa so people can earn money...the high Tariffs make it impossible for major companies to start businesses in Africa...the ones that have are in bed with our politicians just like Dangote. They know yet they watch us suffer.

@user-uo3cp2ym3m 4 ай бұрын

Requiring shares from Multinational corporates against Either exclusivity to operate in the market or other services of protection of their businesd

@CJ-eu4hw 4 ай бұрын

forgot almoudi from ethiopia

@isaacfrimpong4264 3 ай бұрын

So where is Osei Kwame despite 😂😂😂😂😂😂😂😂😂😂 Bugaaaaaaoooobuga Guy guy and small Small girls

@jadienthelygerard527 4 ай бұрын

"Dangote dangote still dey find money"

@user-kc9rp3oj7s 4 ай бұрын

The Algerians? By owning The Ritz Hotel and by Water Desalination tech. All of that while in El Harache Prison! That's true unbreakable hard-core entrepreneurial spirit!

@mohandlarbiachit4884 4 ай бұрын

Who?

@ilynpayne7491 4 ай бұрын

3:17 this guy must be mistaken cartier is owned by French and Swiss companies

@skyyyy8111 4 ай бұрын

Johan Rupert owns the companies that own Cartier ,Mont Blanc etc

@melaningoddess7310 4 ай бұрын

Congratulations Aliko Dangote and Mike Adenuga!🎉🎉🎉. The only two Africans on this list.🤔

@alisaidali8146 3 ай бұрын

By stealing state resources and evading taxes

@chernorabdulkarimjalloh2697 4 ай бұрын

Wow 😮 people day dis world wae get money oh. May Allah provide for us 🙏

@AnyMemeyouWantt 4 ай бұрын

Dey play 😂

@jdsoteldo 4 ай бұрын

Why calling him a Zion?

@JustThinkingAboutIt 4 ай бұрын

There's more then 20 dollars billionaires in America btw

@marcedwards2464 4 ай бұрын

The kings 👑

@Suheyboow 4 ай бұрын

Uhuru kenyatta 🇰🇪 hold my beer 🍺

@immortal0758 4 ай бұрын

😮Ohh the first thing you show is wildlife so fix a perception of underdeveloped Africa???

@kevinlenyatsa3648 4 ай бұрын

White monopoly capital ✅

@moh5938 4 ай бұрын

By robbing people

@johntensai3834 4 ай бұрын

So who are the poorest billionaire???

@carlostotti99 4 ай бұрын

isn't Elon African as well?

@Fx_Explains 4 ай бұрын

His wealth is in America and using a US citizenship and lives in USA I think.

@mariannedekock7996 3 ай бұрын

One thing is for certain! One day, they all will have to bend their knees in front of our Heavenly Father and explain how they use and spend all the wealth God has borrowed to them all! Because everything belongs to God and is only borrowed to us all on earth!