How AngloGold Ashanti doubled to $50 billion and dethroned Naspers as Africa's most valuable listed company
Billionaires Africa | 16.05.2026 11:35
AngloGold Ashanti has crossed the $50 billion mark, becoming the most valuable listed company in Africa and ending Naspers's long reign at the top of the continent's corporate league table. The New York- and Johannesburg-listed gold miner climbed to first place in African Business magazine's newly released Top 250 Companies 2026 ranking, doubling its market value over 12 months on the back of soaring bullion prices and a sharp rise in production. Chief executive Alberto Calderon, who took over in September 2021, now leads what is arguably the boldest reordering of Africa's corporate hierarchy in nearly a decade.
