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
BillionairesBusinessHot News

Africa’s 10 richest billionaires now worth $106.4 billion after $6.2 billion gain

The gains underscore how several of the continent's largest publicly traded companies have continued to reward long-term investors despite a…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu sees $1 billion wiped from net worth in 4 days

The decline follows a sharp run-up in the shares of several major Nigerian companies as investors reacted to stronger corporate…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu reveals the single quality every African founder needs

For Elumelu, the difference between entrepreneurs who endure and those who fall away is not how they begin, but how…

Omokolade Ajayi Omokolade Ajayi
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Latest Billionaires News
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

Patrice Motsepe’s ARC moves to take 77.94% stake in Alexander Forbes

Africa's first billionaire, Patrice Motsepe’s ARC plans to raise its Alexander Forbes stake to 77.94% as Prudential Financial exits the South African group.

Feyisayo Ajayi Feyisayo Ajayi
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Malagasy tycoon Hassanein Hiridjee
TechnologyBillionairesBusiness

Hassanein Hiridjee’s AXIAN Telecom rebrands as Yas Group after revenue hits $980 million      

AXIAN Telecom becomes Yas Group as revenue rises to $980 million and investment expands across Africa.

Timilehin Adejumobi Timilehin Adejumobi
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Nigerian billionaire Adebayo Ogunlesi.
TechnologyBillionairesHot News

With Nigerian billionaire Adebayo Ogunlesi on board, OpenAI eyes $1.2T valuation

OpenAI is in early funding talks at a valuation above $1.2 trillion, putting Nigerian billionaire Adebayo Ogunlesi’s board role in focus.

Omokolade Ajayi Omokolade Ajayi
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Nigerian business executive Bella Disu
BillionairesBusinessHot News

Nigerian executive Bella Disu outlines Abumet’s next phase as business expands

Bella Disu outlines Abumet Nigeria’s next phase as the glass and aluminum manufacturer focuses on scale, innovation and stronger market reach.

Omokolade Ajayi Omokolade Ajayi
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Aliko Dangote, Africa's richest man and Dangote group President
BillionairesBusinessHot News

Africa’s richest man Aliko Dangote eyes $60B fortune as refinery IPO opens

Aliko Dangote is targeting a $60 billion net worth as the $49 billion public listing of his mega-refinery opens to retail buyers.

Omokolade Ajayi Omokolade Ajayi
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Africa’s richest person Aliko Dangote
BusinessBillionairesHot News

Aliko Dangote becomes world’s 36th richest man with $51.1 billion fortune

Aliko Dangote is now the world’s 36th-richest person with a $51.1 billion fortune as his refinery launches a $1.6 billion IPO.

Omokolade Ajayi Omokolade Ajayi
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Thom Mpinganjira, founder of FDH Bank
BusinessBillionaires

Malawian tycoon Thom Mpinganjira sees FDH Bank stake fall by nearly $100 million 

Thom Mpinganjira's FDH Bank stake loses $100 million as shares fall, even as the Malawian lender reports stronger earnings.

Timilehin Adejumobi Timilehin Adejumobi
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Aliko Dangote, Africa's richest man and Dangote group President
BillionairesBusinessHot News

Aliko Dangote’s mega refinery trims debt to $5.67 billion ahead of record listing

Dangote Refinery cuts secured debt to $5.67 billion as it prepares for a $1.6 billion share offering and November listing.

Omokolade Ajayi Omokolade Ajayi
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Palantir CEO Alex Karp
BillionairesHot NewsTechnology

Billionaire Alex Karp’s Palantir names Nebius as preferred sovereign AI infrastructure partner

Palantir names Nebius its preferred sovereign AI infrastructure partner, expanding secure AI computing options for commercial customers.

Feyisayo Ajayi Feyisayo Ajayi
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