African billionaires Rupert, Oppenheimer and the Sawiris brothers see losses in luxury and gold mining assets wipe $300 million off their fortunes
Four African billionaires lost a combined $300 million in estimated wealth on November 4, according to the Bloomberg Billionaires Index, as declines affected the fortunes of two Egyptian investors and two South African businessmen.
By Solomon EkanemSouth Africa
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Four African billionaires lost a combined total of $300 million in estimated wealth Photo: L–R: Naguib Sawiris, Johann Rupert, Nassef Sawiris, Nicky Oppenheimer. (Image: BI Africa via Getty Images / Bloomberg)
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About this article
- Length
- 31 words · 1 min read
- Published
- November 4, 2026
- Byline
- Solomon Ekanem
- Source
- Business Insider