Forbes Africa’s Billionaires 2024: Top 10 Richest Men in Africa – Cars & Net Worth

• Forbes’ list of African billionaires in 2024 saw South Africa’s Johann Rupert surpassing Aliko Dangote with almost $1 billion. 
• However, three Nigerians gracefully appeared on this list – Aliko Dangote and Mike Adenuga.
• We will explore some of the luxury cars that add to the overall net worth of these billionaires.

The 2024 Top African Billionaires Forbes list is out and it saw Aliko Dangote taking the #2 position, after leading as #1 for several years before Johann Rupert of South Africa took over in late 2023.

Across Africa, the men included on this list are the top 10 billionaires who have acquired wealth through their various businesses. In this article, we will take a deep dive into some of the luxury cars some of these wealthiest African men own. 

Johann Rupert (South Africa) – $10.3 billion

Johann Rupert is the richest man in Africa this 2024 with a net worth of $10.3 billion. The African mega-billionaire accumulated his wealth mainly through the luxury goods industry. He is the founder and chairman of Richemont, a conglomerate that owns renowned brands such as Cartier and Montblanc, Rupert has solidified his position not only on the continent but globally, securing the 192nd spot on the worldwide wealth rankings.

Here’s a look at some of the cars owned by Johann Rupert:

Johann Rupert is known to have a significant collection of vintage cars with over 185 vintage cars sitting in his private museum. Vintage cars typically refer to classic or antique automobiles that are several decades old and hold historical or collector’s value.

Some other expensive cars he owns include:

• Ferrari Lusso GT worth over N86 million
• A Porsche Cayenne
• A Rolls Royce
• Porsche Carrera GT

Aliko Dangote (Nigeria) – $9.5 billion

Now on #2 is Aliko Dangote who hails from Kano, a city in the Northern part of Nigeria. Dangote has built his wealth through his cement and beverages industries. As the founder of the Dangote Group, he has contributed significantly to Nigeria’s economic growth and job creation. Dangote’s impact extends beyond Africa, with his global ranking reaching 228th.

Here’s a look at some of the cars owned by Aliko Dangote:

Maybach 57S Knight Luxury – ₦364 million

Maybach is known for luxury and the black rich man has it among his car collections. Maybach 57S has a refined new look and enhanced technical parts. The car rides on 24-inch wheels with the same carbon-finish treatment and black powder wrapped in Pirelli tires sized 285/30R24. White brake callipers contrast the wheels nicely and an electronic level control drops the model closer to the ground. Lightweight carbon is the source material for the fibre hood, boot lid, and doors. A new hood and trunk lid, a rear diffuser, and a new rear spoiler. For good measure, the tuner also swapped out the stock engine cover for a carbon-fibre one. It is indeed a good fit for the world’s richest black man.

Mercedes-Benz CL65 AMG – ₦73 million

It is a known fact that one automobile company that shows class is the Mercedes Benz. Some of its amazing features include a turbocharged engine AMG V12 (6.0 l, 612 hp) and its great speed. This car is nothing short of all-around beauty.

Bugatti Veyron – ₦728 million

On the list of Aliko Dangote’s cars is the sleek Bugatti Veyron. Moving at 431 kilometres per hour, it’s the perfect choice for a hot chase. Indeed, it’s one of the fastest cars allowed for use on public roads.

Bentley Mulsanne – ₦112 million

The Mulsanne range is the ultimate statement of Bentley’s innovation, craft skills, and automotive artistry. The design language captures the essence of the marque. Inside and out, you’ll find artisanship of the highest order. The interior of the car has a special four-mode air suspension that creates a fluid sensation when driven across different surfaces.

Nicky Oppenheimer (South Africa) – $8.3 billion

#3 on the list is Nicky Oppenheimer with a net worth of $8.3 billion. His family’s wealth is deeply rooted in the diamond industry, with interests in the renowned De Beers Group. Despite facing fluctuations in the diamond market, the family’s strategic business acumen has ensured a lasting legacy, securing the 283rd position on the global wealth rankings.

Nicky Oppenheimer is also the #2 richest man in South Africa, and he has made careful decisions when it comes to spending his money on various assets. He is interested in buying luxury cars that match his personal preferences and lifestyle.

• Mercedes Benz McLaren

Nicky Oppenheimer purchased this high-performance sports car, valued at approximately N75 million.

• BMW i3 EV

He also acquired this electric vehicle, showcasing his commitment to sustainability and innovation.

Nassef Sawiris (Egypt) – $7.4 billion

#4 on the 2024 list of African Billionaires is Nassef Sawiris with a net worth of $7.4 billion. His wealth predominantly comes from the construction and investment sectors. As the CEO of Orascom Construction, Sawiris has been a key player in Egypt’s infrastructure development, earning him the 345th spot globally.

Here’s a look at some of the cars owned by Nassef Sawiris:

Nassef Sawiris is a busy man, and thus he needs good cars to meet his executive needs. Being a billionaire, Nassef Sawiris can afford every expensive car ever produced. He owns a 2019 Audi Q5, a private yacht, and a private jet.

2019 Audi Q5

The 2019 Audi Q5 combines dynamic performance with a high-end cabin that offers a modern, user-friendly infotainment system along with roomy, well-padded seats. The model is a compact luxury vehicle that features energetic engines, all-wheel drive, a serene ride, and sharp handling. The Starting price of the 2019 Audi Q5 is between $37,069 – $52,672.

Nassef Sawiris Private yacht

The successful business magnate owns a private yacht worth millions of dollars. The yacht is equipped with state-of-the-art features.

️Abdulsamad Rabiu (Nigeria) – $5.9 billion

#5 on the list is Abdulsamad Rabiu, a prominent figure in Nigeria with a net worth of $5.9 billion. His wealth is primarily derived from the cement and sugar industries. As the founder and CEO of BUA Group, Rabiu has contributed significantly to Nigeria’s industrialization and economic development, earning the 489th rank on the global wealth scale.

Some of the cars owned by Abdulsamad Rabiu include:

Armoured Mercedes Benz G-Wagon

The G-Wagon is a luxury SUV made by the German automaker, Mercedes Benz. The SUV boasts of highly upscale interior and exterior design, sufficient cargo space, high ground clearance, and many other inspiring features. The price of the G-Wagon varies depending on the additional features the owner decides to add. Generally, the price ranges between 200 million – 300 million NGN.

Mercedes Benz S-Class

This four-door sedan is one of the best models of the Mercedes Benz series. Mercedes Benz S-class is classic and the interior is made from high-quality materials. Made with the latest technologies, the Magic Body Control in her Mercedes Benz S-class is just the perfect luxury car to drive comfortably through rocky terrains in Nigeria. The passenger seat can accommodate about 4-5 people. The starting price of the S-class is 250 million NGN.

Toyota Land Cruiser Prado SUV

When it comes to official matters or less glamorous events, you can easily find Abdul Samad Rabiu in his Toyota Land Cruiser. This car is designed as a 4WD SUV with 5 doors worth over 36 million NGN.

Range Rover Sport

Range Rover Sport is a statement of luxury and influence. Anyone with millions in his or her bank account wouldn’t mind buying a Range Rover Sport. This car has a starting price of 70 million NGN. The powerful 5.0 litre V8 Supercharged Petrol engine in the Range Rover provides outstanding performance and driver engagement.

Nathan Kirsh (Eswatini) – $5.8 billion

#6 on the list is Nathan Kirsh who represents Eswatini (Swaziland with a net worth of $5.8 billion. Kirsh has diversified his wealth through interests in retail and real estate. His influence extends globally, earning him the 497th position in the worldwide wealth rankings.

While the billionaire comes from old money and is known for having a helicopter, and a private jet, there’s no knowledge of the cars he owns.

Issad Rebrab (Algeria) – $4.6 billion

#7 on the list is Issad Rebrab, hailing from Algeria with a net worth of $4.6 billion. His wealth is predominantly rooted in the food industry, with interests in agribusiness and food processing. Despite facing challenges in the Algerian business landscape, Rebrab’s entrepreneurial spirit has earned him the 647th position globally.

While the cars Issad Rebrab is not known to the public, what is known is that the billionaire has stakes in Hyundai Motors Algeria, which was founded in 1997 and is a leading distributor of Hyundai Motor Company’s diverse range of products, including light vehicles, heavy goods vehicles, buses, commercial vehicles, and Hyundai Heavy Industries’ public works equipment — with a vast network of over 45 distributing agents across Algeria.

Mohamed Mansour (Egypt) – $3.6 billion

#8 on the list is Mohamed Mansour from Egypt who has a net worth of $3.6 billion. With diversified business interests, including automotive distribution and retail, Mansour has contributed significantly to Egypt’s economic landscape. He secures the 854th spot on the global wealth rankings.

While the number of cars Mohamed Mansour owns is not known, what is known is that he is the founder and chairman of Mansour Automotive Company based in Egypt. In 2022, he announced that his company was planning on importing and marketing five branded Cadillac electric models in Egypt in 2025.

Naguib Sawiris (Egypt) – $3.3 billion

Naguib Sawiris, another prominent figure from Egypt, claims the ninth position with a net worth of $3.3 billion. His wealth is primarily derived from the telecommunications sector. As the founder of Orascom Telecom Holding, Sawiris has played a pivotal role in advancing telecommunications infrastructure across the African continent, earning him the 927th rank globally.

Some of the cars Naguib Sawiris is noted to own include a private yacht, a Range Rover Sport, a Mercedes-Benz, and a Bentley.

Mike Adenuga (Nigeria) – $3.1 billion

Rounding up the top 10 is Mike Adenuga from Nigeria, with a net worth of $3.1 billion. Adenuga’s wealth is diversified across the telecommunications and oil industries. As the founder and owner of Globacom, one of Nigeria’s leading telecommunications companies, and an oil exploration firm, Adenuga has solidified his presence on the global stage, securing the 1031st position in worldwide wealth rankings.

Some of the cars owned by Mike Adenuga include: 

Armored Bentley Mulsanne

The specs of the armoured Bentley Mulsanne are just the perfect fit for a wealthy billionaire. The specs include;

• A sedan with 4-5 seats
• 2 trims are available (with 3 configurations)
• 505-hp, 6.8-liter V-8
• Airline-style reclining seat
• Top-notch infotainment system
• State-of-the-art cabin

Mercedes Maybach S-Class

This four-door sedan is one of the best models of the Mercedes Benz series. This bespoke vehicle is powered by a 4.0-litre V-8 engine generating 463 hp. The passenger seats can accommodate about 4-5 people. The starting price of the Maybach is 72.1 million.

Mercedes Benz Amg C63

The luxury AMG C63 is the befitting car for Mike Adenuga on official assignments within Nigeria. You can get the Mercedes Benz AMG either as a coupe, sedan, or convertible. This car features a SiriusXM satellite radio that comes with a six-month trial, Android Auto, Apple CarPlay, and Bluetooth audio streaming.

Rolls Royce Phantom

The Rolls Royce brand is a statement of wealth and royalty. The exterior and interior of his Rolls Royce Phantom are made from high-quality materials. It costs over ₦150 million for Mike Adenuga to bring this one home. A silky 563-hp twin-turbo V-12 coupled with an eight-speed automatic and rear-wheel drive delivers massive power to the Phantom

List of Richest Men in Africa 2024

NAME	NET WORTH	COUNTRY	INDUSTRY
Johann Rupert & family	$10.3 billion	South Africa	Fashion & Retail
Aliko Dangote	$9.5 billion	Nigeria	Manufacturing
Nicky Oppenheimer & family	$8.3 billion	South Africa	Metals & Mining
Nassef Sawiris	$7.4 billion	Egypt	Construction & Engineering
Abdulsamad Rabiu	$5.9 billion	Nigeria	Diversified
Nathan Kirsh	$5.8 billion	Eswatini, Southern Africa	Retail and Real Estate
Issad Rebrab & family	$4.6 billion	Algeria	Food & Beverage
Mohamed Mansour	$3.6 billion	Egypt	Automotive Distribution and Retail
Naguib Sawiris	$3.3 billion	Egypt	Telecom
Mike Adenuga	$3.1 billion	Nigeria	Diversified