A new generation of African billionaires under the age of 40 is reshaping the continent’s economic landscape, blending technology, innovation, and social impact to create wealth in ways that challenge traditional business norms.

From fintech and renewable energy to entertainment and real estate, these young tycoons are proving that Africa’s future billionaires will be self-made, tech-driven, and globally connected.

Below are the Top 10 Emerging African Billionaires Under 40 making waves across industries in 2025:

1. Iyinoluwa Aboyeji (Nigeria, 34) – Co-founder of Flutterwave and Andela, Aboyeji has built multi-billion-dollar companies that power Africa’s digital economy. His investment firm, Future Africa, continues to back startups shaping the continent’s future.
2. Mohammed Dewji (Tanzania, 39) – The CEO of MeTL Group has expanded his family business into over 30 countries, with interests in agriculture, manufacturing, and logistics, maintaining his position as one of Africa’s youngest billionaires.
3. Elizabeth Ofori (Ghana, 36) – A rising force in agritech and export logistics, Ofori’s company, AgriSmart Africa, connects thousands of small farmers to global markets, generating significant export revenue.
4. Khanyi Dhlomo (South Africa, 38) – Media entrepreneur and founder of Ndalo Media, Dhlomo has transformed her business empire to include digital publishing and luxury retail, inspiring young African women in business.
5. Tayo Oviosu (Nigeria, 38) – Founder and CEO of Paga, a leading mobile payments company serving millions, Oviosu has become one of the faces of Africa’s fintech revolution.
6. Magatte Wade (Senegal, 39) – A vocal advocate for economic freedom in Africa, Wade’s luxury skincare brand, SkinIsSkin, is gaining global traction while promoting ethical African manufacturing.
7. Eddy Kimani (Kenya, 37) – A real estate developer and renewable energy investor, Kimani’s GreenHab Estates builds sustainable housing projects across East Africa.
8. Temi Otedola (Nigeria, 29) – The actress and fashion entrepreneur has diversified into tech and lifestyle ventures, including her luxury brand, JTO, and recent investments in e-commerce and film production.
9. Alassane Sylla (Côte d’Ivoire, 35) – Founder of AfriBank Digital, Sylla is disrupting traditional banking by offering seamless digital financial services to unbanked communities across West Africa.
10. Zanele Mbeki (South Africa, 33) – Co-founder of MedTech SA, Mbeki’s healthcare technology startup provides affordable diagnostics and telemedicine services, expanding access to quality care in underserved regions.

Economic analysts say this generation of billionaires symbolizes Africa’s shift from resource dependence to innovation-led growth.

“These young business leaders are leveraging digital infrastructure, creative industries, and green technology to unlock new wealth frontiers,” said economist Dr. Felix Kambwiri. “They are the architects of Africa’s economic renaissance.”