The 10 youngest billionaires have redefined age constraints in Africa. While they may not fit the youth stereotype, their journey to wealth is remarkable.
These young billionaires in Africa are demonstrating that age is only one part of a much wider story of achievement, ambition, and a tremendous impact on the globe.
These billionaires built fortunes in a wide range of businesses, including mining, construction, telecommunications, and oil.
While the term “young billionaire” may appear to be an oxymoron, these individuals are still significantly younger than the average billionaire.
The youngest billionaire on this list, is only 48 years old, Mohammed Dewji of Tanzania.
Here are the 10 youngest billionaires in Africa in 2023, according to Forbes Magazine, Africa’s Billionaires list.
Mohammed Dewji – Overall rank 13th
Mohammed Dewji, 48, is Africa’s youngest billionaire, with a net worth of $1.5 billion. He is the CEO of MeTL Group, a multi-billion-dollar conglomerate with holdings in agriculture, manufacturing, and logistics. Dewji is also a philanthropist and social enterprise investor.
Patrice Motsepe – Overall rank 9th
Patrice Motsepe, 61, is Africa’s second youngest billionaire, with a net worth of $3.2 billion. He is the chairman of African Rainbow Minerals, a gold, platinum, and iron ore mining firm.His fortune is mostly derived from the mining business. Motsepe is also a philanthropist and business investor, with interests in other businesses.
Nassef Sawiris – Overall rank 5th
Nassef Sawiris, 62, is Africa’s third youngest billionaire, having a net worth of $7.3 billion. He is a pioneer in the construction business , owning one of the largest construction enterprises in the Middle East and North Africa. He is well-known for his investments in a variety of industries, demonstrating his financial acumen and allowing him to diversify his wealth.
Strive Masiyiwa – Overall rank 12th
Strive Masiyiwa, 62, is Africa’s fourth youngest billionaire, with a net worth of $1.9 billion. He is the chairman of Econet Group, a telecommunications firm with operations in a number of African countries. Masiyiwa is also a philanthropist and social enterprise investor.
Aziz Akhannouch – Overall rank 13th
Aziz Akhannouch, 62, is Africa’s fifth youngest billionaire, having a net worth of $1.5 billion. He is the CEO of Akwa Group, a multi-billion-dollar conglomerate with holdings in petroleum, gas, and renewable energy. Akhannouch is also a philanthropist, and his economic ventures have made him a prominent figure in the Moroccan economy.
Yasseen Mansour – Overall rank 18th
Yasseen Mansour, 62, is Africa’s sixth youngest billionaire, having a net worth of $1.1 billion. He is the chairman of the Mansour Group, a conglomerate with retail, automotive, and consumer products operations. Mansour is also a philanthropist and an investor in a range of companies, including others.
Abdulsamad Rabiu – Overall rank 4th
Abdulsamad Rabiu, 63, of Nigeria, is Africa’s seventh youngest billionaire, with a net worth of $7.6 billion. He is the chairman of BUA Group, a cement, sugar, and real estate company. Rabiu is also a philanthropist and business investor.
Read also Stocks that made some investors billionaires in five months
Aliko Dangote – Overall rank 1st
Aliko Dangote, 66, ranked first on the list of African billionaires,, and the eighth youngest billionaire in Africa, with a net worth of $13.5 billion. He is the chairman of the Dangote Group, a conglomerate with cement, sugar, and flour holdings. Dangote is Africa’s richest man and one of the world’s richest persons.
Naguib Sawiris – – Overall rank 8th
Naguib Sawiris, 69, is Africa’s ninth youngest billionaire, with a net worth of $3.3 billion. He is another member of the powerful Sawiris family, and his company, Orascom, has operations in several nations. Sawiris is also a philanthropist and a business investor in a variety of ventures.
Mike Adenuga – Overall rank 6th
Mike Adenuga, 70, is Africa’s tenth youngest billionaire, with a net worth of $6.3 billion. He is the chairman of Globacom, an African telecommunications business. Adenuga is also a philanthropist and business investor, and he is well-known for his entrepreneurial energy.
