There are 52 African-born billionaires globally, of whom only 23 still live on African soil.
The ranking considers the top tertiary institutions all around the globe with a specific focus on the academic research and reputation of the school overall.
The University of Cape Town is still considered the best institution in Africa, with five other South African universities ranked among the world’s top 500.
It was a very closely fought battle for top spot, but according to the Centre for World University Rankings, South Africa has a new number one.