{"id":1767,"date":"2022-02-02T10:55:34","date_gmt":"2022-02-02T10:55:34","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires"},"modified":"2022-02-02T12:32:20","modified_gmt":"2022-02-02T12:32:20","slug":"dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires","title":{"rendered":"Dangote, Sawiris, Masiyiwa\u2026 A great year for African billionaires"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>According to the Forbes Billionaires List, the continent\u2019s 18 billionaires have seen their fortunes rise to their highest levels since 2014.<\/b><\/p>\n

Seven African countries are once again represented in this year\u2019s ranking. South Africa and Egypt have the most billionaires (five each), followed by Nigeria and Morocco (three and two billionaires respectively). Even in the midst of the Covid-19 pandemic, the fortunes of Africa\u2019s wealthiest have continued to grow. In total, the accumulated wealth of the continent\u2019s 18 billionaires amounts to $84.9bn. This sum has increased by 15% in 12 months and represents the largest combined total since 2014.<\/p>\n

According to the report published by Forbes on 24 January, this enrichment is due to an increase in demand for luxury goods and construction materials, as well as soaring stock prices, particularly in Nigeria and Zimbabwe.<\/p>\n

Top four still richer<\/b><\/p>\n

The top four remain Aliko Dangote ($13.9bn), Johann Rupert ($11bn), Nicky Oppenheimer ($8.7bn) and Nassef Sawiris ($8.6bn).<\/p>\n

In just one short year, the Nigerian tycoon Dangote has seen his wealth grow by 14.8%. This was made possible by the 30% increase in Dangote Cement\u2019s share price, following the housing construction boom in Nigeria and increased government spending on infrastructure. Dangote Cement is a Nigerian multinational listed company specialising in the production and marketing of cement.<\/p>\n

Luxury goods industry heavyweight Rupert moved from fourth place to second. This improved performance is due to the 60% increase in his company Richemont\u2019s share price. In total, the South African tycoon\u2019s fortune grew by $3.8bn between 2020 and 2021. As such, the businessman recorded the biggest dollar increase in his fortune on this list. The most significant gainer in percentage terms is Zimbabwe\u2019s Strive Masiyiwa (+ 125%), who is worth $1.5bn more than last year. His company Econet Wireless Zimbabwe saw its shares rise by more than 750%, which contributed significantly to his wealth.<\/p>\n

Egypt’s Nassef Sawiris, Nigeria’s Aliko Dangote and Zimbabwe’s Strive Masiyiwa have seen their fortunes rise significantly this year. \u00a9 JA editing: ANDREW GOMBERT\/EPA\/MAXPPP; ERIC LARRAYADIEU\/ACF\/JA; C. BIBBY\/Financial Times\/REA.
\nAccording to the Forbes Billionaires List, the continent\u2019s 18 billionaires have seen their fortunes rise to their highest levels since 2014.<\/p>\n

In third place is Oppenheimer, the South African who became a multi-billionaire after buying the diamond mining company DeBeers, which was then sold to the mining company Anglo American a decade ago. Sawiris moved up from fourth to second place, with a fortune that grew by 1.17%, from $8.5bn to $8.6bn. Although his wealth did not increase as much as other billionaires on this list, his total assets nevertheless allow him to remain in the top four.<\/p>\n

Two \u201closers\u201d<\/b><\/p>\n

The two African billionaires worth less than last year are South Africa\u2019s Koos Bekker and Tanzania\u2019s Mohammed Dewji. The media leader\u2019s wealth dropped from $2.8bn to $2.7bn as the share prices of Naspers (a multimedia company) and Prosus (a consumer internet company) fell by more than 20%. The former Tanzanian member of parliament\u2019s fortune fell slightly \u2013 from $1.6bn to $1.5bn \u2013 due to the decline in the value of his stock market assets.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. According to the Forbes Billionaires List, the continent\u2019s 18 billionaires have seen their fortunes rise to their highest levels since 2014. Seven African countries are once again represented in this year\u2019s ranking. South Africa and Egypt have the most billionaires (five each), followed by Nigeria and Morocco (three and two billionaires respectively). […]<\/p>\n","protected":false},"author":84,"featured_media":1766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,248,249],"class_list":["post-1767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nDangote, Sawiris, Masiyiwa\u2026 A great year for African billionaires - Eswatini<\/title>\n<meta name=\"description\" content=\"According to the Forbes Billionaires List, the continent\u2019s 18 billionaires have seen their fortunes rise to their hig ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dangote, Sawiris, Masiyiwa\u2026 A great year for African billionaires\" \/>\n<meta property=\"og:description\" content=\"According to the Forbes Billionaires List, the continent\u2019s 18 billionaires have seen their fortunes rise to their hig ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-02T10:55:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-02T12:32:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2022\/02\/img-61fa79bd46ca8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"732\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Dangote, Sawiris, Masiyiwa\u2026 A great year for African billionaires\",\"datePublished\":\"2022-02-02T10:55:34+00:00\",\"dateModified\":\"2022-02-02T12:32:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires\"},\"wordCount\":532,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2022\/02\/img-61fa79bd46ca8.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/dangote-sawiris-masiyiwa-a-great-year-for-african-billionaires\",\"name\":\"Dangote, Sawiris, Masiyiwa\u2026 A great year for African billionaires - 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