For Seven Straight Year, Aliko Dangote Tops Forbes “Africa’s Billionaires” List

The annual ranking list of richests person in Africa, by American leading business magazine Forbes is out. The founder and Chief Executive of Dangote Industries Limited, Aliko Dangote, has been named Africa’s richest man for the seventh year in a row with a net worth of $12.2billion.

The Cement & commodities tycoon has his net worth penned at $12.2billion with a staggering $100 million upgrade from last year’s net worth.

Not so far off and second on the list is South African diamond mining heir Nicky Oppenheimer with $7.7 billion, up $700 million from last year.

For Seven Straight Year, Aliko Dangote Tops Forbes “Africa’s Billionaires” List

Also on the list are newcomers – South Africa’s Michiel Le Roux at $1.2 billion and Zimbabwean telecom mogul Strive Masiyiwa (who becomes his country’s first billionaire) at $1.7billion – oil and telecom magnate Mike Adenuga at $5.3 billion, and the two women unchanged from last year – Isabel dos Santos at $2.3 billion and Folorunsho Alakija at $1.6billion among others.

Billionaires in Africa have jumped from 21 to 23 in the past year with net worth combined at $75.4 billion up $5.4 billion from last year.

Here’s the list for African billionaires ranking by Forbes here.

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