Three Egyptian business leaders have been named among Africa’s wealthiest individuals in the 2026 ranking released by Forbes, highlighting Egypt’s continued prominence within the continent’s expanding billionaire class.
According to the magazine’s annual list of Africa’s richest individuals, the fortunes of the continent’s top billionaires recorded notable growth this year amid improving currency stability and strong performance across African equity markets.
Forbes reported that the combined wealth of the 23 billionaires included in the 2026 ranking reached roughly $126.7 billion, marking a 21% increase compared with the previous year.
The results also underscore the concentration of wealth in three of Africa’s largest economies — Egypt, Nigeria and South Africa — which collectively account for the largest share of the continent’s billionaire fortunes.
Among the top 10 richest Africans, Egyptian businessman Nassef Sawiris ranked prominently with an estimated net worth of $9.6 billion, supported by his global expansion in fertilisers, construction and sports investments.
He was followed by his brother, Naguib Sawiris, whose fortune was estimated at $5.6 billion, reflecting a diversified investment portfolio spanning mining, telecommunications and hospitality.
Egyptian businessman Mohamed Mansour also featured on the list with a net worth of $4 billion, built on a global network of commercial agencies and logistics services operated by his business group.
Analysts attribute the rebound in African billionaire wealth to relative economic stability across several markets on the continent, which has helped boost the value of investment portfolios held by many of Africa’s leading business figures.
