Dangote is Africa’s richest person for 9th consecutive year

Youths Digest – For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa, with an estimated net worth of $10.1billion.

In the latest ranking of the world’s billionaires by Forbes, the American global media company, focusing on business, investment, technology, entrepreneurship and leadership, Dangote’s present worth is down from his estimate of $10.3 billion, a year ago, attributed to, possibly, a slightly lower stock price for his flagship company, Dangote Cement Plc.

Africa has 54 nations, but only eight countries have billionaires according to Forbes, with South Africa and Egypt dominating not only the top 10 richest people in Africa list, but in the overall rankings with five billionaires each. Nigeria comes second with four billionaires.

Nassef Sawiris of Egypt is the new number two richest, worth $8 billion, up from $6.3 billion last year. Sawiris’ most valuable asset is a stake in shoemaker, Adidas, worth $4 billion. The increase in Adidas’ share price alone added nearly $1.5 billion to his fortune since January 2019.

He also owns a significant stake in fertilizer producer OCI N.V.

In 2019, Sawiris and U.S. investor Wes Edens purchased the remaining stake they didn’t own in U.K. Premier League team Aston Villa Football Club.

Meanwhile, Nigeria’s second richest man, Mike Adenuga maintained the number three spot with a net worth of $7.7 billion.

Adenuga built his fortune in banking, oil production and telecom with the mobile phone network, Globacom – Nigeria’s third-largest operator.

Also tied at number three spot with Adenuga is South Africa’s Nicky Oppenheimer and his family with a net worth of $7.7 billion.

Oppenheimer, heir to his family’s fortune occupies a controlling spot in the world’s diamond trade and owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.

Capping the list at number 20 spot is Nigeria’s richest woman, Folorunsho Alakija who has a net worth o $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

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