The Chairman, Dangote Group, Aliko Dangote has been named the wealthiest person in Africa for the ninth consecutive year.
However, the latest ranking of the world’s billionaires by Forbes estimated that his net worth dropped by $200m from $10.3bn to $10.1bn in one year.
The American media company attributed this to the slightly lower stock price for Dangote Cement.
Meanwhile, Nigeria’s Mike Adenuga with investments in the mobile phone network, Globacom, Conoil and real estate, was named as number three in Africa on the Forbes billionaire list and was valued at $7.7bn.
Adenuga shared the third position with a South African, Nicky Oppenheimer.
The report stated that only eight countries have billionaires 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.
Source: Punch Newspaper
