Business

Aliko Dangote named Forbes richest man in Africa.

Aliko Dangote named Forbes richest man in Africa.
Aliko Dangote

In a list recently released by Forbes of the 20 richest people on the continent has declared business acumen, Aliko Dangote as richest man in Africa for the 9th consecutive year at $10.1 billion (N3,671,350,000,000).

As of 2019, his estimated worth was $10.3 billion (N3,744,050,000,000). It should be noted that there is a slope in his current net worth compared with this year which is a result of a plunge of the stock prices of Dangote cement.

According to the list released by Forbes the American global media company, focusing on business, investment, technology, entrepreneurship, and leadership shows that out of a continent of 54 nations only 8 countries have billionaires Egypt and South Africa are level with five billionaires each, followed by Nigeria with four and Morocco with two.

Dangote the 62-year-old industrialist with investments in cement, oil, and gas, flour and sugar retained his spot at the top while Egyptian billionaire, Nassef Sawiris occupies the second spot with $8. with assets in Orascom Construction Industries (OCI) also owning stakes in cement giant, Lafarge Holcim, and Adidas, as a member of the supervisory board.

Occupying the third spot and Nigeria’s second man is Mike Adenuga at $7.7 billion. He shares the spot with South Africa’s Nicky Oppenheimer and his family with a net worth of $7.7 billion.

At the bottom of the list is Nigeria’s wealthiest woman Folorunsho Alakija with $1 billion.

See the full list of Africa’s billionaires below:

Aliko Dangote $10.1 billion
Nassef Sawiris $8 billion
Mike Adenuga $7.7 billion
(3) Nicky Oppenheimer $7.7 billion
Johann Rupert $6.5 billion
Issad Rebrab $4.4 billion
Mohamed Mansour $3.3 billion
Abdulsamad Rabiu $3.1 billion
Naguib Sawiris $3 billion
Patrice Motsepe $2.6 billion
Koos Bekker – $2.5 billion
Yasseen Mansour – $2.3 billion
Isabel dos Santos – $2.2 billion
Youssef Mansour – $1.9 billion
Aziz Akhannouch – $1.7 billion
Mohammed Dewji – $1.6 billion
Othman Benjelloun – $1.4 billion
Michiel Le Roux – $1.3 billion
Strive Masiyiwa – $1.1 billion
Folorunsho Alakija – $1 billion

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Kazeem Al-ameen

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