Number three in Africa is diamond heir Nicky Oppenheimer of South Africa. In a per country ranking, Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two. Altogether, the 20 African tycoons are worth $68.7 billion, down from $75.4 billion for last year’s list. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. -Fellow South African Jannie Mouton’s PSG Group owns a 30% stake in Capitec Bank

Source: The North Africa Journal February 01, 2019 10:18 UTC