24) Miloud Chaabi – Net Worth: $1.3 Billion (Moroccan)

Miloud Chaabi’s business Yanna Holding operates hotels and supermarkets, and develops real estate. It also owns SNEP, a chemical manufacturer in Morocco.

23) Allan Gray – $1.6 billion (South African)

Allan Gray is the founder of Cape Town-based investment management firm, Allan Gray Limited which he founded in 1973, after earning his MBA from Harvard and spending eight years at Fidelity in the US. The company manages $34 billion, making it the largest privately owned asset manager in South Africa. He also owns Orbis Investment Management in Bermuda which manages $30 billion.