The city comes right behind the Kenyan capital Nairobi, which has toppled the South African capital Johannesburg.
Casablanca, according to the famous magazine, is home to 5,000 African billionaires. The city has been able to become one of the continent’s leading business centers attracting international corporations.
Nairobi now houses 5,775 of the 126,000 billionaires on the continent. Johannesburg dominated the ranking for more than a decade.
The 126,000 billionaires are worth $860 billion net.
Morocco’s business tycoons Othman Benjelloun (chairman of BMCE Bank), Aziz Akhennouch, operating in the petroleum industry, and Anas Sefrioui head of publicly traded homebuilder Groupe Addoha rank respectively 12th, 16th and 18th.
The continental ranking is still dominated by Nigerian business mogul Aliko Dangote with $12.2 billion.