Nigerian billionaire, and owner of the Dangote Group, Alhaji Aliko Dangote has retained his status as the richest man in Africa with a net worth of $12.2 billion which is equivalent to N4.3 trillion.
His new net worth is an increase of $100 million from his previous worth as assessed by Forbes magazine last year, making him the richest man in Africa for seven straight years.
Also, the Nigerian billionaire is the only African selected among Bloomberg’s world 50 best persons in 2017.
“The richest African, for the seventh year in a row, is Nigerian cement and commodities tycoon Aliko Dangote, with a net worth that Forbes pegs at $12.2 billion. That’s up $100 million from a year ago,” the Forbes report read.
“Dangote is looking beyond cement –his most valuable asset – and has been investing in a fertiliser production company and a large oil refinery.
“Dangote Fertiliser is expected to start operations in the second quarter this year.”
Diamond mining heir, Nicky Oppenheimer of South Africa with $7.7 billion is next to the business tycoon on the list.
Globacom Chairman, Mike Adenuga with $5.3 billion came in as the fifth in Africa while Mrs. Folorusho Alakija with $1.6 billion at number 15 position.
The list has nationals from a total of eight African countries. South Africa has eight, six are from Egypt, three from Nigeria, two from Morocco and one each from Algeria, Angola, Tanzania, and Zimbabwe.
The richest man in the world has remained Bill Gates with a net worth of $86 billion followed by Warren Buffet with $75.6 billion and Jeff Bezos with $72.8 billion.
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