Africa: 4 Billionaires Lose $300 Million in One Day

On November 4, four African billionaires saw their combined fortunes fall by $300 million, according to the Bloomberg Billionaires Index. Naguib Sawiris had the largest drop, losing $97.7 million, followed by Johann Rupert ($95.9 million), Nassef Sawiris ($56.4 million) and Nicky Oppenheimer ($50 million). Their estimated fortunes now stand at $10.9 billion, $18.8 billion, $9.55 billion and $15 billion, respectively. Forbes counted 23 billionaires in Africa in March 2026, with a combined wealth of $126.7 billion.