Billionaires

Explore the world of Africa’s wealthiest individuals. Shore Africa tracks billionaires, their businesses, and the industries driving their fortunes.

Supporting Content:
From net worth rankings to investment strategies, our Billionaires category provides insights into wealth creation and economic influence across Africa.

Africa’s 10 richest billionaires in July 2026
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10 richest African billionaires in July 2026

As fortunes shifted and rankings tightened, Shore.Africa analyzed the latest Forbes data to reveal Africa’s 10 richest billionaires and how…

Omokolade Ajayi Omokolade Ajayi
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South African billionaire Koos Bekker hit by $500 million loss in share slide

The drop follows a steady slide in the shares of Naspers and its Amsterdam-listed unit Prosus, two companies central to…

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
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GTBank co-founder Fola Adeola eyes $4 million dividend from Nigerian energy giant Aradel

The proposed payout forms part of a final dividend distribution of N99.93 billion ($73.4 million) to shareholders.

Omokolade Ajayi Omokolade Ajayi
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Latest Billionaires News
World’s richest Black person Aliko Dangote
BillionairesBusinessHot News

World’s richest Black person Aliko Dangote eyes $100 billion empire on oil, fertilizer

Aliko Dangote is targeting a $100 billion business empire by 2030 through major investments in refining, fertilizer and cement.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $238 million half-year profit

Abdul Samad Rabiu's BUA Cement reports a N324.88 billion ($238 million) half-year profit, driven by strong sales and lower finance costs in 2026.

Omokolade Ajayi Omokolade Ajayi
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Africa’s first Black billionaire Patrice Motsepe.
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South African billionaire Patrice Motsepe sees net worth dip under $3.5 billion after bold $1 billion mining gamble

Patrice Motsepe's net worth slipped below $3.5 billion after African Rainbow Minerals approved nearly $1 billion in mining investments.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire Tony Elumelu
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Transcorp, led by Nigerian billionaire Tony Elumelu, grows assets to $797 million

Transcorp's assets rose to $797 million as retained earnings neared $144 million, strengthening its balance sheet in the first half of 2026.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire Femi Otedola
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Femi Otedola buys $57 million more First HoldCo shares, stake nears $900 million

Nigerian billionaire Femi Otedola has acquired 706 million additional First HoldCo shares, lifting his stake to 21.95 percent in the lender.

Omokolade Ajayi Omokolade Ajayi
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Cameroon's richest man Baba Ahmadou Danpullo.
BusinessBillionairesHot News

Cameroon’s richest man Baba Ahmadou Danpullo launches Danpullo Capital with Kessner

Cameroon’s richest man Baba Ahmadou Danpullo launches Danpullo Capital with Kessner to manage assets and fund high-growth projects across Central Africa.

Feyisayo Ajayi Feyisayo Ajayi
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Malawian businessman Simbi Phiri
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Meet Simbi Phiri: Malawian tycoon whose firm built a $100 million water plant outside Gaborone

Meet Simbi Phiri, whose firm built Botswana's $100 million Mmamashia Water Treatment Plant and a billion-dollar infrastructure business.

Omokolade Ajayi Omokolade Ajayi
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Elon Musk loses $528 billion in five weeks as SpaceX shares plunge after IPO

Elon Musk’s fortune fell by $528 billion in five weeks as SpaceX shares tumbled nearly 47 percent following its historic stock market listing.

Omokolade Ajayi Omokolade Ajayi
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Isyaku Abdulsamad “Khalifa” Rabiu.
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Abdul Samad Rabiu’s son, Khalifa, pockets $9.6 million dividend from BUA Foods

Khalifa Rabiu pockets a $9.6 million dividend as BUA Foods doubles its profit, driven by strong food sales and tight cost controls.

Omokolade Ajayi Omokolade Ajayi
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