Strive Masiyiwa had the steepest loss among Africa’s billionaires at US$1.5 billion in 2022

7. Michiel Le Roux

Wealth loss in 2022: US$300 million

Net worth: US$1.4 billion

Michiel Le Roux, a South African billionaire banker, and leading businessman, saw his net worth fall by US$300 million, from US$1.7 billion to US$1.3 billion, due to a drop in the market value of his 11.41-percent stake in Capitec Bank, a Stellenbosch-based financial services provider and one of South Africa’s largest retail banks.

8. Aziz Akhannouch

Wealth loss in 2022: US$300 million

Net worth: US$1.9 billion

Aziz Akhannouch, Morocco’s prime minister and a leading businessman who derives the majority of his fortune from Akwa Group, a Moroccan conglomerate with oil and gas investments, saw his net worth fall by US$300 million in 2022, from US$2.2 billion to US$1.9 billion.

9. Othman Benjelloun

Wealth loss in 2022: US$300 million

Net worth: US$1.2 billion

Othman Benjelloun, Morocco’s second-richest man after Prime Minister Aziz Akhannouch, saw his net worth fall from US$1.5 billion to US$1.2 billion in 2022, a total loss of US$300 million.

The majority of his fortune stems from his investment in the BMCE Group, a multinational pan-African banking conglomerate with operations in 18 African countries and representative offices in Europe and Asia.

10. Patrice Motsepe

Wealth loss in 2022: US$300 million

Net worth: US$2.8 billion

Patrice Motsepe, the richest Black South African, saw his net worth drop by US$300 million in 2022 as a result of his 40-percent stake in African Rainbow Minerals (ARM), a South African diversified mining and minerals company.

11. Koos Bekker

Wealth loss in 2022: US$200 million

Net worth: US$2.5 billion

South African billionaire Jacobus “Koos” Bekker’s net worth fell by US$200 million in 2022, from US$2.7 billion to US$2.5 billion, due to a decline in the market value of his 0.86-percent stake in Prosus N.V. and another 0.4-percent stake in Naspers, a global internet group and one of the world’s largest technology investors and holding companies.- Billionaires.Africa

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