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.

Latest Billionaires News
Nigerian billionaire Abdul Samad Rabiu.
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu loses $3.4 billion in under six weeks

BUA Group chairman Abdul Samad Rabiu loses $3.4 billion in six weeks following a major profit-taking wave on the Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
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Aliko Dangote, Africa’s richest man and founder of the Dangote Group
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Africa’s richest man Aliko Dangote loses $2.6 billion in less than one month

A broad Nigerian stock market sell-off erases $2.6 billion from Aliko Dangote's fortune in less than a month as cement shares tumble.

Omokolade Ajayi Omokolade Ajayi
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Beninese-Gabonese oil billionaire Samuel Dossou-Aworet
BillionairesBusinessHot News

Beninese-Gabonese oil billionaire Samuel Dossou-Aworet to pocket $8.9 million Aradel dividend after record year

Samuel Dossou-Aworet is set to receive an $8.9 million Aradel dividend after the Nigerian energy producer posted record 2025 earnings.

Omokolade Ajayi Omokolade Ajayi
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Africa’s richest man, Aliko Dangote.
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Nigerian stock selloff wipes $1.2 billion from Aliko Dangote’s net worth

A 10 percent plunge in Dangote Cement shares drove a $2.64 billion market loss, marking the sharpest one-day drop for Nigerian equities in 2026.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer biggest one-day drop of 2026

Abdul Samad Rabiu lost $1.02 billion after a wave of selling on the NGX erased $2.64 billion in market value, marking the exchange's sharpest daily decline of 2026.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

After $11 million Q1 revenue, Abdul Samad Rabiu brings BUA Rice back to market

BUA Foods brings back branded BUA Rice to boost domestic supply after the rice division generated $11 million in the first quarter of 2026.

Omokolade Ajayi Omokolade Ajayi
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Kenyan banker James Mwangi
BusinessBillionairesHot News

Kenyan banking chief James Mwangi gains $12.1 million from Equity Group rally

James Mwangi’s Equity Group stake rises $12.1 million as shares climb 18.3 percent on Nairobi Securities Exchange amid strong earnings growth.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire businessman and philanthropist Tony Elumelu.
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Nigerian billionaire Tony Elumelu hosts Mastercard CEO as UBA deepens global banking push

Tony Elumelu hosts Mastercard CEO as UBA advances AI-driven cross-border banking and global expansion strategy.

Omokolade Ajayi Omokolade Ajayi
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South Africa's richest man Johann Rupert
BillionairesBusinessHot News

South Africa’s richest man Johann Rupert loses $100 million as Richemont shares retreat

South African billionaire Johann Rupert loses $100 million as investors lock in gains from luxury group Richemont.

Omokolade Ajayi Omokolade Ajayi
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