Billionaires

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

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

Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake climbs to $934 million, nears $1 billion

His holding has climbed to N1.26 trillion ($934 million), strengthening his wealth and underscoring the expanding role of local capital…

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, president of Dangote Group
BillionairesBusinessHot News

Africa’s richest man, Aliko Dangote, to pocket $490 million from Dangote Cement

The payout forms the bulk of the N759.3 billion ($564.3 million) total dividend declared by the company’s board, including a…

Omokolade Ajayi Omokolade Ajayi
Remgro FirstRand exit
BillionairesBusinessHot News

South African billionaire Johann Rupert’s Remgro exits FirstRand with $515 million sale

Remgro exits FirstRand after R8.47 billion ($515 million) share sales, unlocking capital for new investments as the group reshapes its…

Feyisayo Ajayi Feyisayo Ajayi
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Latest Billionaires News
Johann Rupert, chairman of Richemont and Remgro Limited.
Featured

South Africa’s richest man, Johann Rupert, loses $900 million as Richemont shares fall

South African billionaire Johann Rupert loses $900 million in 10 days as Richemont shares fall, cutting his net worth.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion.
Featured

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion as First Holdco stake nears $500 million

According to Forbes, which tracks the fortunes of the world’s wealthiest individuals, Otedola’s wealth has increased by $200 million since the beginning of 2026.

Omokolade Ajayi Omokolade Ajayi
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Egyptian billionaire Nassef Sawiris.
Egypt

Egyptian billionaire Nassef Sawiris closes London family office after UK exit

Egyptian billionaire Nassef Sawiris winds down London family office after UK exit amid tax reforms and relocation to Abu Dhabi and Italy.

Omokolade Ajayi Omokolade Ajayi
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Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
Featured

Natie Kirsh hits $17.7 billion, overtakes Johann Rupert as Africa’s No. 2

Natie Kirsh’s net worth hits $17.7 billion after a $29.1 billion Jetro deal, overtaking Johann Rupert to rank second in Africa behind Aliko Dangote.

Omokolade Ajayi Omokolade Ajayi
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Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
Featured

Nigerian billionaire Femi Otedola’s stake in First Hold Co nears $500 million

Femi Otedola’s 18.12 percent stake in First HoldCo nears $500 million as shares rally, lifting confidence in First Bank’s parent company.

Omokolade Ajayi Omokolade Ajayi
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Capitec dividend 2026
Capitec dividend 2026

South African billionaire Michiel Le Roux set for $64 million Capitec dividend

Michiel Le Roux set for $64 million payout as Capitec boosts dividend on stronger earnings and rising digital banking growth.

Feyisayo Ajayi Feyisayo Ajayi
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IFC New Hope loan
Featured

IFC eyes $150 million loan to New Hope unit to expand animal feed production across emerging markets

IFC considers $150 million loan to New Hope unit to expand animal feed production across emerging markets and strengthen food supply chains.

Feyisayo Ajayi Feyisayo Ajayi
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Mike Teke, chairman of Seriti Resources Holdings and Masimong Group, leading South Africa’s energy and investment sector.
Exclusive

Meet Mike Teke: Ex-teacher leading South African multibillion-rand energy group

Ex-teacher Mike Teke leads Seriti Resources and billion-dollar Masimong Group shaping South Africa’s energy sector.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire businessman Tony Elumelu.
Featured

Elumelu’s Heirs Energies Holds $800m Seplat Stake as Stock Hits Historic N10,000

Months after Tony Elumelu’s $500 million, Seplat Energy becomes first NGX stock to cross N10,000 per share.

Editorial Team Editorial Team
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