Dangote tops latest Forbes Africa’s billionaires list

President of Dangote Group, Alhaji Aliko Danote has retained his position as the richest man in Africa. His estimated $10.3 billion net worth, however, is nearly $2 billion less than a year ago, primarily due to a roughly 20% drop in the stock price of Dangote Cement, his most valuable asset.

He is closely followed by his Nigerian counterpart and chairman of Globacom, Mike Adenuga. He is worth an estimated $9.2 billion. Adenuga owns Globacom, which is Nigeria’s third-largest mobile phone network, plus oil exploration firm Conoil Producing, extensive real estate holdings in Nigeria.

Other Nigerians on the list includes the  Chief Executive Officer of BUA Group, Abdulsamad Rabiu ($1.6B) and Mrs Folorunsho Alakija ($1.1B) who is the vice chairman at Famfa Oil Limited and MD at The Rose of Sharon Group.

Forbes is an American business magazine. Published bi-weekly, it features original articles on finance, industry, investing, and marketing topics. It also reports on related subjects such as technology, communications, science, politics, and law.

See complete list below

1 Aliko Dangote $10.3 billion
2 Mike Adenuga $9.2 billion
3 Nicky Oppenheimer $7.3 billion
4 Nassef Sawiris $6.3 billion
5 Johann Rupert $5.3 billion
6 Issad Rebrab $3.7 billion
7 Naguib Sawiris $2.9 billion
8 Koos Bekker $2.3 billion
8 Isabel dos Santos $2.3 billion
8 Mohamed Mansour $2.3 billion
8 Strive Masiyiwa $2.3 billion
8 Patrice Motsepe $2.3 billion
13 Aziz Akhannouch $2.1 billion
14 Mohammed Dewji $1.9 billion
15 Othman Benjelloun $1.7 billion
16 Abdulsamad Rabiu $1.6 billion
17 Yasseen Mansour $1.5 billion
18 Youssef Mansour $1.2 billion
19 Folorunsho Alakija $1.1 billion
19 Michiel Le Roux $1.1 billion

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