Top 10 richest men in Africa at the start of 2024

According to Forbes Magazine's list of the wealthiest individuals in Africa at the start of 2024, South African business mogul Johann Rupert has dethroned Nigerian Aliko Dangote as Africa's wealthiest man. Rupert's net worth is estimated to be $17.5 billion, while Dangote's net worth is estimated to be $16.3 billion.

Rupert is the founder and CEO of Remgro Limited, a South African conglomerate with interests in mining, agriculture, media, and technology. He also owns a significant stake in the luxury goods company LVMH, which has its headquarters in Paris, France. Rupert's wealth comes from his ownership of these companies and other investments he has made over the years.

Dangote, on the other hand, is the founder and CEO of Dangote Industries Limited, a Nigerian conglomerate with interests in cement production, oil refining, and telecommunications. He is also the owner of the largest private refinery in Africa, which produces 650,000 barrels of crude oil per day. Dangote's wealth comes from his ownership of these companies and other investments he has made over the years.

It's worth noting that this list is based on estimated net worth and can change over time as businesses grow or decline in value. Additionally, it's important to note that Africa is a continent with a diverse range of economies and industries, and these individuals represent just a small portion of the continent's wealth.