#billionaires

In June, Nigeria's wealthiest investors experienced a significant decline in their stock holdings, losing an estimated N3.83 trillion in paper wealth due to a broad correction across major stocks on the Nigerian Exchange (NGX). This downturn affected the value of their listed equity holdings, highlighting the volatility in the market.

South Africa's eight wealthiest individuals and families have a combined estimated net worth of $44.5 billion, which is approximately R729 billion, according to The South African Biz.