Forbes Magazine has reportedly released richest persons in Africa in it’s latest ranking
Aliko Dangote retained his position as the richest person in Africa with a net worth of $12.5b.
In the latest ranking by Forbes magazine, the Nigerian businessman, who is the founder and Chairman of Dangote Cement, the continent’s largest cement producer kept the position he has occupied for nine years now.
He owns 85% of publicly-traded Dangote Cement which produces 45.6 million metric tons annually and has operations in 10 countries across Africa.
The Billionaire businessman also owns stakes in publicly-traded salt and sugar manufacturing companies.
He began the construction of his refinery, known as Dangote Refinery, in 2016 and is expected to be one of the world’s largest oil refineries once complete.
Below are the top 18 richest persons in Africa according to Forbes:
1 Aliko Dangote $12.1 B cement, sugar
#2 Nassef Sawiris $8.5 B construction, investments
#3 Nicky Oppenheimer $8 B diamonds
#4 Johann Rupert $7.2 B luxury goods
#5 Mike Adenuga $6.3 B telecom, oil
#6 Abdulsamad Rabiu $5.5 B cement, sugar
#7 Issad Rebrab $4.8 B food
#8 Naguib Sawiris $3.2 B telecom
#9 Patrice Motsepe $3 B mining
#10 Koos Bekker $2.8 B media, investments
#11 Mohamed Mansour $2.5 B diversified
#12 Aziz Akhannouch $2 B petroleum, diversified
#13 Mohammed Dewji $1.6 B diversified
#14 Youssef Mansour $1.5 B diversified
#15 Othman Benjelloun $1.3 B banking, insurance
#16 Michiel Le Roux $1.2 B banking
#16 Strive Masiyiwa $1.2 B telecom
#18 Yasseen Mansour $1.1 B diversified
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