Dangote remains Africa’s richest man for 9th time

Image result for DANGOTE
Aliko Dangote

Nigeria’s billionaire businessman and President/CEO of Dangote Group, Aliko Dangote, has topped Forbes Africa’s Billionaires list for 2020 for the ninth time in a row.

The list according to Forbes captures only eight countries who have billionaires; Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two.

Maintaining the number one spot with a net worth of $10.1 billion, 62-year-old Dangote, an industrialist with investments in cement, oil and gas, flour and sugar surpassed Egyptian billionaire, Nassef Sawiris whose net worth stands at $8 billion.

Mr Sawiris’ most valuable assets are in Orascom Construction Industries (OCI) one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa.

He also has stakes in cement giant, Lafarge Holcim and Adidas, where he sits on the supervisory board.

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.

At number five spot on Forbes list is chairman of Swiss luxury goods firm Compagnie Financiere Richemont, Johann Rupert.

Mr Rupert, another South African billionaire has a net worth of $6.5 billion.

The company is best known for its brands, Cartier and Montblanc.

Other Africa billionaires include:

Issad Rebrab and family with a net worth of $4.4 billion – Algeria

Mohamed Mansour with a net worth of $3.3 billion – Egypt

Abdulsamad Rabiu, a Nigerian with a net worth of $3.1 billion

Naguib Sawiris joins his brother, Nassef, in the top 10 wealthiest Africans with a net worth of $3 billion.

On number 10 spot is Patrice Motsepe from South Africa, with a net worth of $2.6 billion.

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:

  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

_

Source: Allafrica.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s