Top 5 richest black Africans mid-way into 2025

The wealth of Africa’s richest individuals is once again making headlines, with new statistics revealing significant rises in a variety of industries, particularly food, cement, communications, and luxury goods.

Africa’s richest individuals are experiencing significant wealth increases across various industries.
Nigerian billionaire Abdul Samad Rabiu’s net worth rose to $6 billion in 2025 due to successes in food and cement sectors.
The private sector in Nigeria demonstrates profitable growth in diverse industries beyond natural resources.

According to Forbes, Nigerian billionaire Abdul Samad Rabiu’s net worth has increased to $6 billion as of July 28, 2025, owing to the success of his core firms, BUA Foods and BUA Cement.

The $900 million gain since the beginning of the year not only elevates his status among Nigeria’s elite business people, as he inches close to the country’s second richest man, Mike Adenuga, who currently has a net-worth of $6.4 billion.

Meanwhile, Johann Rupert, South Africa’s luxury goods billionaire and Africa’s second richest man, increased his lead in July.

Rupert’s net wealth was $17 billion as of July 4, 2025, showing a stunning $3.33 billion year-to-date increase, owing mostly to ongoing global demand for luxury items via his Richemont business.

These upward swings reflect a bigger trend: African billionaires are not only keeping their money, but also swiftly increasing it in the face of global economic uncertainty.

The recent net worth surges, notably in Nigeria’s private sector, highlight an important point: Africa’s ultra-wealthy are increasingly making their riches in diverse and robust businesses.

While natural resources remain vital, industries such as cement, telecommunications, and consumer products are proving to be as profitable.

As global interest in Africa’s potential grows, these billionaires are not only influencing the continent’s economic trajectory but also redefining what wealth creation means in modern Africa.

With that said, here are the richest black Africans, as of July 2025, according to Forbes.