Home Ghana News General News Dangote remains Africa’s Richest Person for 9th consecutive year

Dangote remains Africa’s Richest Person for 9th consecutive year

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Dangote remains Africa’s Richest Person for 9th consecutive year

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, Vanguard reports.

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 Dangote Cement flagship company.

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 rankings overall with five billionaires each. Nigeria comes second with four billionaires, including Africa’s richest man, Aliko Dangote.

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 a recent $4 billion. The increase in Adidas’ share price alone added nearly $1.5 billion to his fortune since January 2019.

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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 the U.K. Premier League team Aston Villa Football Club.

See the full list of Africa’s billionaires below:

  1. Aliko Dangote $10.1 billion
  2. Nassef Sawiris $8 billion
  3. Mike Adenuga $7.7 billion
  4. (3) Nicky Oppenheimer $7.7 billion
  5. Johann Rupert $6.5 billion
  6. Issad Rebrab $4.4 billion
  7. Mohamed Mansour $3.3 billion
  8. Abdulsamad Rabiu $3.1 billion
  9. Naguib Sawiris $3 billion
  10. Patrice Motsepe $2.6 billion
  11. Koos Bekker – $2.5 billion
  12. Yasseen Mansour – $2.3 billion
  13. Isabel dos Santos – $2.2 billion
  14. Youssef Mansour – $1.9 billion
  15. Aziz Akhannouch – $1.7 billion
  16. Mohammed Dewji – $1.6 billion
  17. Othman Benjelloun – $1.4 billion
  18. Michiel Le Roux – $1.3 billion
  19. Strive Masiyiwa – $1.1 billion
  20. Folorunsho Alakija – $1 billion

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