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- Africa present has 23 dollar billionaires, with Zak Calisto of Karooooo Ltd precocious joining the exclusive group
- South Africa leads the continent with 8 billionaires, followed by Egypt and Nigeria with 4 each
- Meanwhile, Aliko Dangote reclaimed his presumption arsenic Africa’s richest man, mostly owed to his bulk involvement successful the Dangote Oil Refinery
Africa present boasts 23 dollar billionaires aft welcoming a caller subordinate to its exclusive group.
The elite radical of dollar billionaires present includes Zak Calisto, laminitis and CEO of Karooooo Ltd, a institution that provides fleet absorption and conveyance tracking services.
Source: Getty Images
Karooooo Ltd, formerly known arsenic Cartrack, has grown importantly since adding AI-powered fleet absorption and operator monitoring services to its portfolio.
Zak Calisto has go a dollar billionaire arsenic a effect of this strategical change.
According to Bloomberg, astir two-thirds of Karooooo Ltd (previously Cartrack) is owned by its founder, Zak Calisto, who was calved successful Portugal.
The company’s banal jumped aft it announced a 25% summation successful net per stock for the twelvemonth ending February 2025, on with double-digit maturation successful subscription revenue.
Calisto’s translation from a determination businessman to a planetary billionaire exemplifies Africa’s expanding relation successful the integer economy. His concern views Asia arsenic indispensable to its aboriginal maturation goals, and successful 2020 it relocated its office to Singapore.
Karooooo Ltd has 2.3 cardinal customers, chiefly successful South Africa. The institution intends to absorption connected integrated enlargement but remains unfastened to strategical acquisitions.
“There’s important imaginable for adjacent faster growth,” Calisto said successful an interview.more billionaires successful Africa’s
There were 22 billionaires successful Africa arsenic of March 2025, with wealthiness successful industries including manufacturing, retail, existent estate, fashion, and petroleum.
In the erstwhile year, erstwhile the continent had 20 billionaires, the aggregate wealthiness of these African billionaires roseate from $82.4 cardinal to a grounds $105 billion, surpassing $100 cardinal for the archetypal time.
The state with the astir billionaires, South Africa, has consistently maintained a steadfast grip connected the list.
Source: Getty Images
South Africa had 7 billionaires (now eight) successful the 2025 ranking, followed by Egypt and Nigeria, each with four. Three billionaires each from Morocco, Algeria (Issad Rebrab), Tanzania (Mohammed Dewji), and Zimbabwe (Strive Masiyiwa) are besides connected the list.
Africa present boasts 23 billionaires acknowledgment to Zak Calisto’s admittance into the exclusive club, with South Africa continuing to predominate the continent’s ranks.
Forbes names Dangote arsenic Africa’s richest
Legit.ng reported that Aliko Dangote, a Nigerian billionaire, has reclaimed his presumption arsenic the richest antheral successful Africa and transformed the continent’s energy assemblage astir a twelvemonth aft his $20 cardinal Dangote Oil Refinery went online.
His 92.3% involvement successful the refinery is simply a large origin successful Forbes’ existent appraisal of his nett worthy astatine $23.9 billion. This solidifies his presumption arsenic 1 of the world’s starring firm figures and places him up of South African billionaire Johann Rupert.
The refinery is further boosting Dangote’s estimation extracurricular Nigeria by creating ripples successful the planetary vigor market.
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Source: Legit.ng
