See the list of the four richest Africans wealthier than half of the continent

• A caller study by the non-governmental organisation, Oxfam, has shown that 4 Africans are wealthier than fractional of the continent
• The Oxfam study noted that the 4 men clasp astir $57.4 cardinal successful wealthiness and are richer than 50% of 750 cardinal Africans
• It noted that authorities policies are against the poor, and taxation systems person remained mostly ineffective successful redistributing wealthiness connected the continent

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

Oxfam, the anti-poverty non-governmental organisation, has warned that increasing inequality is stunting ideology successful Africa.

The 4 wealthiest Africans person much wealthiness than fractional of the continent’s population, the study said.

Aliko Dangote of Nigeria, Johann Rupert of South Africa and Egypt's Naseef Sawaris are among Africa's super-rich four. Credit: Chip Somodevilla / Staff
Source: Getty Images

From zero to 23: The emergence of Africa’s billionaires

According to Oxfam, the 4 wealthiest Africans clasp astir $57.4 cardinal and are richer than astir 50% of Africa’s 750 cardinal people, a caller study released connected Thursday, July 10, 2025, by the NGO said.

It disclosed that Africa had zero billionaires successful 2000, but contiguous it boasts 23 billionaires whose combined wealthiness has surged by 56% successful conscionable 5 years, hitting a whopping $112.6 billion.

Also, the apical 5 per cent of Africans person astir $4 cardinal successful wealth, which is much than doubly the full wealthiness of the remainder of Africa combined.

The Oxfam report besides revealed that astir fractional of the world’s 50 astir unequal countries are connected the continent.

In January 2025, the not-for-profit organisation reported that billionaire wealthiness was increasing faster than ever globally.

Anti-people policies are driving poorness successful Africa

Oxfam noted that authorities policies are skewed against the mediocre and let Africa’s super-rich to accumulate much wealth.

According to the report, Africa’s taxation systems are astir 3 times little effectual astatine redistributing income from the richest to 1 per cent of the poorest.

It stated that imposing an further 1 per cent taxation connected the affluent and 10% connected the income of the richest successful Africa could rise $66 cardinal annually.

Oxfam noted that this magnitude is much than capable to adjacent the backing gaps for free, prime acquisition and cosmopolitan entree to electricity.

Who are Africa’s super-rich four?

Africa besides loses an estimated $88.6 cardinal annually via illicit fiscal flows.

The organisation named Aliko Dangote, a Nigerian billionaire and industrialist, arsenic the richest African, with an estimated nett worthy of $23.3 billion.

Other billionaires connected the apical 4 database see South Africa’s Johann Rupert and Nicky Oppenheimer, and Egyptian businessman Nassef Sawiris.

The organisation warned that inequality hinders democracy, impedes poorness reduction, and worsens the clime situation successful Africa.

Nigeria is Africa’s challenge

According to the NGO, governmental seizure by the affluent undermines pro-poor authorities policies and the effectiveness of nationalist institutions.

It cited Nigeria, Africa’s largest democracy, stating that exorbitant fees demanded by governmental parties often terms radical seeking governmental bureau retired of running.

Aliko Dangote's wealthiness is projected to deed $30 cardinal pursuing his caller refinery's caller outing. Credit: Bloomberg/Contributor
Source: Getty Images

It noted that vote-buying is commonplace successful Nigeria, wherever millions of radical unrecorded successful abject poverty.

Dangote reclaims crown arsenic Africa's richest man

Legit.ng earlier reported that Aliko Dangote has reclaimed his title arsenic Africa's richest man, months aft losing it pursuing the Central Bank of Nigeria's determination to interval the naira.

According to Forbes, Dangote's nett worthy accrued by $17 cardinal (about N13.03 billion) oregon 0.16% to $10.9 cardinal connected Monday, August 14, 2023.

This magnitude is present higher than that of Johann Rupert's nett worthy of $10.8 cardinal arsenic astatine Monday, August 14.

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Source: Legit.ng