Aliko Dangote is Africa’s richest man for 10th straight year with $11.5 billion

Dangote is also the 191st richest man in the world.

American business magazine, Forbes, has named Nigerian billionaire, Aliko Dangote, the richest man in Africa for the 10th successive year.

The businessman’s estimated wealth was pegged at $11.5 billion on the magazine’s 35th annual list of the world’s wealthiest published on Tuesday, April 6, 2021.

The founder of Dangote Cement, Africa’s largest cement producer, was ranked 191st richest man in the world, according to the latest ranking.

Nigeria’s second richest man, Mike Adenuga, was ranked 5th richest in Africa, and 440th richest in the world with an estimated worth of $6.1 billion.

Founder of BUA Group, Abdulsamad Rabiu, another Nigerian cement tycoon, emerged as 6th richest in Africa, and 574th richest in the world with an estimated worth of $4.9 billion.

According to a list of Africa’s billionaires published by Forbes in January, Nassef Sawiris of Egypt is the second richest man on the continent with an estimated worth of $8.5 billion.

South Africans, Nicky Oppenheimer ($8 billion) and Johann Rupert ($7.7 billion), ranked as the third and fourth richest respectively.

Algerian, Issad Rebrab ($4.8 billion), in seventh place; Egyptian, Naguib Sawiris ($3.2 billion), in eight place; South African, Patrice Motsepe ($3.1 billion), in ninth place; and South African, Koos Bekker ($3.1 billion), in 10th place, complete the Top 10.

Africa has a total of 18 billionaires according to the January ranking, all of them citizens of seven different countries.

South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two.

The African list tracks the wealth of African billionaires who reside in Africa or have their primary business there.

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Author: Daniel Said✩✷