Why Africans with $1 billion in shares are missing from the Bloomberg and Forbes rich lists
Forbes and Bloomberg subtract debt, discount illiquid stakes and refuse to count assets they cannot verify. A billion-dollar holding is not enough.
Bloomberg Billionaires Index
Aliko Dangote could add $20 billion to his fortune in a single day in October
Bloomberg carries Dangote's refinery at construction cost. Pricing it at what investors paid in July adds $18.5 billion to his fortune overnight.
Johann Rupert becomes 2nd African to hit $20 billion according to the Bloomberg Billionaires Index
South African luxury tycoon Johann Rupert has crossed the $20 billion milestone, cementing his position over Nigerian billionaire Abdul Samad Rabiu on the global wealth index.
Africa's richest man has added $6.8 billion to his fortune in 2026 and is closing in on $40 billion
Aliko Dangote started 2026 worth $30.4 billion and has since added $6.8 billion to his fortune, closing in on the $40 billion mark faster than anyone predicted.
Bloomberg says Abdul Samad Rabiu is Africa's 2nd richest man at $19.1 billion while Forbes ranks him 4th at $15.3 billion. Here is why both are right
Bloomberg ranks Abdul Samad Rabiu as Africa's second richest man at $19.1 billion, ahead of Johann Rupert, while Forbes puts him fourth at $15.3 billion. The gap comes down to how each counts his Nigerian stock market wealth.
Aliko Dangote's fortune hits $34 billion as refinery bets pay off
Aliko Dangote's fortune climbed to $34 billion this week, lifted by his industrial empire and bold new refinery ambitions across the African continent.
Aliko Dangote hits $30 billion mark on Forbes billionaires ranking for the first time
Forbes has valued Aliko Dangote at $30.3 billion for the first time, as his producing refinery closes a persistent gap between the world's two top wealth trackers.
Nigerian billionaire Abdul Samad Rabiu's fortune jumps $2.8 billion in weeks as record profits from BUA Foods push his wealth past $14 billion
Abdul Samad Rabiu's net worth has surged from $11.2 billion to over $14 billion in weeks, driven by an 83% rally in BUA Cement shares and record BUA Foods profits.
Indian billionaire Mukesh Ambani's Africa 5G bet is live in Ghana but retail consumers still cannot access it as regulatory disputes linger
Mukesh Ambani's Reliance unit Radisys is powering Ghana's first 5G backbone, now commercially live but entangled in licensing debt and government scepticism.
Saudi-Ethiopian Mohammed Al-Amoudi is worth $9 billion on Bloomberg but missing from the Forbes 2026 billionaires list and here is why
Mohammed Al-Amoudi is worth $9.12 billion on Bloomberg but does not appear on the Forbes 2026 billionaires list. Here is why.
Eswatini’s richest man Natie Kirsh loses $730 million in four months
Eswatini’s richest man Natie Kirsh loses $730 million in four months as asset values fall, but remains among Africa’s richest billionaires.
America’s richest Black person, Alex Karp gains $2.1 billion, net worth hits $14.2 billion
Palantir CEO Alex Karp adds $2.1 billion, boosting his net worth to $14.2 billion and securing his spot as America’s richest Black billionaire.
Africa’s richest man, Aliko Dangote, gains $414 million in 24 hours
Dangote's net worth jumped $414 million in a day as investors poured into cement and sugar stocks on the Nigerian Exchange.
Palantir CEO, Alex Karp, becomes America’s richest Black person
Karp, who made the billionaire list in 2016 with a net worth of $1.6 billion, now holds an estimated fortune of $11.5 billion.
Johann Rupert loses $3.2 billion as Trump tariffs ripple through global markets
South Africa's richest man, Johann Rupert, saw his net worth fall from $17 billion on March 4 to $13.8 billion at the time of this report.
South African-born Billionaire Patrick Soon-Shiong loses $1.2 billion in a month
The decline has wiped out nearly all the gains he made in the first seven weeks of 2025.