In a monumental year for Africa’s billionaires, their collective wealth has soared to record levels, exceeding $100 billion for the first time ever. With 22 billionaires on the continent, their fortunes have reached a staggering $105 billion, a significant increase from the $82.4 billion recorded the previous year.
Despite facing challenges such as political instability, currency crises, and unpredictable consumer markets, Africa’s wealthiest individuals have managed to amass wealth on a remarkable scale. For example, Zimbabwe recently introduced a new gold-backed currency, the ZiG, in an effort to combat hyperinflation.
The growth in wealth for Africa’s billionaires mirrors the global trend, with equity markets worldwide experiencing a 22% increase in the 12 months leading up to February 2025, according to MSCI. This demonstrates the resilience and success of Africa’s business leaders in navigating challenging economic environments.
To read more about Africa’s billionaires and their record-breaking fortunes, check out the full story on Forbes. With a focus on entrepreneurship, wealth, technology, business, and lifestyle, Forbes provides in-depth coverage of success stories and trends shaping the continent’s business landscape.
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