How Africa’s Richest Billionaires Make Their Money | Forbes
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- Опубліковано 4 чер 2024
- The fortunes of Africa’s wealthiest people have rebounded slightly in the past 12 months, reversing the decline in their fortunes from a year ago, though they are still off their all-time highs. The 20 billionaires on the 2024 Forbes list of Africa’s Richest are worth a combined $82.4 billion. That’s up $900 million from last year’s $81.5 billion.
The continent remains one of the world’s toughest places to build - and hold onto - a billion-dollar fortune, as global investors remain leery of its stock exchanges, businesses struggle against strained economies, poor infrastructure and volatile exchange rates, while changing political winds can make, boost or bust private fortunes.
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Dangote and adenuga are dragged down by the depreciating naira. If they had a more stable currency they'd be roughly 50-60 billion dollars
That's very true if the naira was stronger even the average Nigerian would be living a decent life
@icetrip2417 well naira is still depreciating they wealth will downfall.
And more people like Elumelu, Awosika, Stanley Ekeh, would have made the cut. Devaluation of naira is holding it grip not only on the poor and average Nigerians - but also the rich are equally taking a bite.
Not true. They have fixed assets, unaffected by the tumbling and unstable Naria.
@@kiuk_kiks much of their wealth is tied to the stock market whose price is in the naira and certainly not a fixed asset
Africa just needs more innovators to compete globally
The inequality in South Africa dou is INSANE
the interesting failure of south africa has been the inability of the ANC to keep the economy growing at 4-5% & empowering upcoming black entrepreneurs and industrialists. based on SA's incredible infrastructure & world-class institutions, young black south africans would've been thriving now
@@lm_b5080anc was corrupted by rich white elitr who bribed politicians to protect their wealth and rule on soith africa. apartheid still exists its just less visible and violent now
@@lm_b5080 but they arent and its mostly due to the huge fkin ANC corruption with them giving family members positions they arent qualified for which destroyed the electric infrastructure basically
I rather be a humble pessant that be a rich billionheir in any country.
I HAVE INCURRED SO MUCH LOSSES TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED.
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
Face book
you must have these things in mind
1. Have a long term mindset.
2. Be willing to take *risk*.
3. Be careful, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with an assistant.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)
When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.
Richest people in South African just notice how their fortune comes from a family generational wealth.
and this says something.. maybe that black people dont know how to keep generationzl wealth? cause why are most of them first generation billionaires while the white people pass it down.
The Oppenheimer family doesn’t have a “control“ spot in the Diamond industry. They have a monopoly.
they never tell tge truth, they always tone down things
Beautiful. Only if the Naira stay it ground. Dangote and Adenuga would definitely be far ahead on the list.
The Naira will never be great until the power sector is fixed. Nigeria cannot grow without stable electricity.
Can't wait to be on the list
Believe, do your best and you gonna make the list
I'm really much impressed with your personality here. And your posts are so interesting..
Very motivational 🎉 I'll be on this list one day 🙏
I believe you
cap
Insha'Allah. So plan and work toward it, but chase a problem and solve it then the money will chase you. Africa has a lot of potential. Many will come. Please be of the good ones.
Amen
ME TOO
As an algerian there way more than 1 billionaire in algeria. I used to live in one of the money laundering cities and the amount of money there is just unfathomable. that's without talking about the politicians who stole 2 trillion dollars in the past.
My name is Nick and i am from ASIA ................ These incredible individuals are an INSPIRATION to my LIFE. They are from places that are not easy to survive, but they built their way up and has shown this world how their presence is positive and helped so many people and even possibly carry their country out of poverty. All of them - i admire Alike Dangote.
I’m going to be on this list
Nagyon szepen koszonom a josagotokat❤ kellemes szep estet kivanok❤
I will be the first Zambian billionaire
cap
In Zimbabwe dollars maybe.
@@stephenbachmann1171 us dollars I'm very optimistic
Over the next hundred years indigenous Africans will completely populate this list, foreigners shouldn't have too much power in Africa.
What 'foreigners'? Literally all of these men were born on Africa.
@@NotKimiRaikkonen white people in South Africa. Their wealth is a direct result of colonialism and apartheid.
You don't know what you are saying.
@@NotKimiRaikkonenyou know exactly what he means, lineage of some of them aren’t from the motherland.
@@02nupeSo? If they were born in Africa, they are African. Doesn't matter if they're white
Congratulations Nigeria ❤
It's not your money😂😂😂
This is so huge for Nigeria and Africa in general.
They are really solving problems for this generation.
🎉
😂😂 . How pls??.
@@olutayo304no be this same Nigeria everybody dey??😂 ask him well pls
I trust Bloomberg billionair list more than Forbes list. Dangote is worth more on the Bloomberg list which I believe is accurate. Dangote just finish his Oil Refinery and Ferterlizer Plant with 70% of his own money. Profit from his cement factories arround Afriica and Nigeria were put into those project.
Aliko Dangote 🙌🙌🙌🙌🙌
We need to be honest about those white europeans who claim to be south africans and are on the forbes list because of apartheid 😊
If there black Americans and black English then there can be white South Africans, there were whites there also before apartheid
@@AJK17.5 but these ones benefitted from torturing and stealing from blacks. I don't want them on the list
I'm going to be on this list some day be God's grace
I pray for this type of grace to make for my me and my family members In Jesus name… AMEN !!!
No point in praying...
@@HettiOGGames This is a prayer of faith knowing fully that faith without works is dead (James 2:17). It is up to you not to pray but don’t tell me what to do. Tamam
They have right
So
More power to them.
elon musk must be a golfer...
Thanks. It was helpful
Inspiring, thanks for sharing.
"and family" is usually a common phrase when talking about wealth in Africa. There's need for better distribution of wealth. If America has tens of billionaires then there should be millions of opportunity for growth when it comes to "a dedicated nobody". And another thing is that most of the wealth form this high net worth individuals come from natural resources (or are included as)
Have self respect make your own wealth and stop cry for other people's hard earned profits.... Socialism is for lazy people.
Finished watching 4:48
And where is Abdul Samad Rabiu of nigeria?
May be he communicated to Forbes not to be included.
He's included, but 'only' worth $6.4 billion, so he doesn't make the top 5, he's #6
forbes should create a list of billionaires with liquid cash stock prices networth can be manipulated and its not real cash
That would be so hard can keep cash in your house
Forbes doesn't have access to their private holdings. All they can do is estimate their holdings.
Yeah🎉
Coming
I will br mentioned as a billionaire!
Amen
Amen me too 🙏🙏🙏
Whats Eddie Murphy doing on the bills at 10 seconds into the video?
1:13 play are they attaching cables to palm trees?
It's just a design .... it's not a real tree its a cell tower
I will join the list soon
😂😂😂😂😂
"Don't wait to buy real estate. Buy real estate and wait." - Will Rogers
"The best investment on Earth is Earth." - Louis Glickman
Oh
Elon Musk and Bernard Arnault are South Africans, so why are they not in this list
Because Bernard is French, born in France and made his money in France as well.
Bernard Arnault is French with no connection to South Africa and Elon musk does most of his business in America and is also an American citizen so it’d be more fitting to put him on an American list even though he is a South African citizen
Even Tope Awotona and Bayo Ogunlesi are Nige-rians, but not on Africa's billionaires list.
Still not stable power supply in Nigeria even though some of the richest men in Africa come from Nigeria. What a shame.
Is there a stable power supply in your country? Name one billionaire in your country. I bet you got none! You should be shamed of yourself instead because you can not even name your country so we drag it.
Soon i will be on that list
Did you make it yet?
The naira devaluation messed the Nigerian billionaires up , they could've been worth atleast 50b$ upwards and Nigeria would've had atleast 10 billionaires in $ but regardless
I am going to be on the list in the future ✌🏻
You won't
where is Mohammed Al Amoudi??
Ghana are part
I hope he says there for a good while.👊🔥
Some Kenyan politicians are wealthier than every one in this list😅
😂😂😂
Every African president is a billionaire 😂😂😂
you mean dictator@@Dwaynesk
This list is a record of the past 😅curious what the $trillionnaires of the future will be doing, especially with rose of AI
Black man made it to #1 its our contitent
Yessir he's a hard worker he has also donated $1.4B ❤
All humans came from Africa
No, its not our continent. Till we free all countries from corrupt politicians and neo-imperalist chains.
What about Sam Matekane the richest man in Lesotho
😂😂😂😂
You forgot to mention Elon Musk. He is African too.
His business is outside Africa
They become a prince and write you an email
🙏🙏🙏🙏🙏
Dangote currently at 20bn 🎉🎉
what u on my bro
Forbes is still relevant?
Why Elon musk isn't in list?
The same reason the owner of calendify isn't cuz they created their wealth in usa with us citizenships
What’s also interesting is how they spend it
What do u mean by how they spend?
johan rupert donated 10,000 title deeds for poor people to have their own homes recently
Elon musk should be on this list his South African
No he's not
He doesn’t stay in Sa but his from SA
where are the Batswana. It's fine I will stand for them one day
South Africa is technically representing Botswana. Patrice Motsepe is a South African Tswana.😂
Waiting in the Wings
Where my am?
The Algerians? By owning The Ritz Hotel and by Water Desalination tech. All of that while in El Harache Prison! That's true unbreakable hard-core entrepreneurial spirit!
Who?
Isn’t elon musk south africain? So should he not be first?
0:43 Zimbabwe got more than a few billionaires. 😆
Nearly everyone in Zim has a trillion $$ note
1:15 my hometown Somerset West😅🔥
What about Elon Musk? He is from Africa
Ote$❤
One day i well be in this lists
"Dangote dangote still dey find money"
Billionaires in Africa know why Africa is poor but they keep quiet...the reason a person like Dangote is so rich is because he pays little to import products from foreign countries needed in his operations. While his businesses provide meaningful jobs for those who work for him...we neen more business widespread in Africa so people can earn money...the high Tariffs make it impossible for major companies to start businesses in Africa...the ones that have are in bed with our politicians just like Dangote. They know yet they watch us suffer.
You are forgeting about all does Nigerian princes who have billions of dollars to send to you if you give them a thousand first
😂
stale 😑
Requiring shares from Multinational corporates against Either exclusivity to operate in the market or other services of protection of their businesd
Doesn't Elon Musk count?
Wheres Elon?
Where is Malawi
Wow 😮 people day dis world wae get money oh. May Allah provide for us 🙏
Dey play 😂
Every African president is a billionaire 😂😂
By stealing state resources and evading taxes
🎉🎉
So who are the poorest billionaire???
There's more then 20 dollars billionaires in America btw
So where is Osei Kwame despite 😂😂😂😂😂😂😂😂😂😂
Bugaaaaaaoooobuga
Guy guy and small Small girls
The kings 👑
😮Ohh the first thing you show is wildlife so fix a perception of underdeveloped Africa???
One thing is for certain! One day, they all will have to bend their knees in front of our Heavenly Father and explain how they use and spend all the wealth God has borrowed to them all! Because everything belongs to God and is only borrowed to us all on earth!
Uhuru kenyatta 🇰🇪 hold my beer 🍺
What about Elon Musk (born in South Africa)
what about you? why you not on the the list
@@colinpowell1377 I dont really care that I am not on the list because at the end of the day we shall all die and be buried with nothing
@@colinpowell1377what kind of stupid question is that
@@AJK17.5 the kind of question you don't ask when you can never belong to a similar list
@@colinpowell1377 not only are yourself not on that list, the other guy never claimed he was, he simply asked a simple question. Before you ask others why they aren't billionaires perhaps you should ask yours that question
Congratulations Aliko Dangote and Mike Adenuga!🎉🎉🎉. The only two Africans on this list.🤔
There are richer billionaires can you go and find them please
3:17 this guy must be mistaken cartier is owned by French and Swiss companies
Johan Rupert owns the companies that own Cartier ,Mont Blanc etc
forgot almoudi from ethiopia
Why calling him a Zion?
That giraffe and savannah clip was so unnecessary
Jacob Rothschild's net worth was estimated to be around $5 trillion in 2023 as per Forbes, positioning him as the world's unofficial wealthiest individual
Ambani alone having more wealth then them combined 😂
Ok, does that fact make you any richer?
maybre because he's from the most populated country in the world ?
isn't Elon African as well?
His wealth is in America and using a US citizenship and lives in USA I think.
Classic Forbs trying to ignore Elon
He's American
@@skp8748 🤡🤡
White monopoly capital ✅