Forbes Releases 2018 List Of Africa’s Richest Billionaires

Nigeria’s Aliko Dangote has retained his place as the richest man in Africa.

Dangote remain number one on the newly released Forbes’ list of African billionaires. 

He however, lost almost $2bn compared to his last year’s worth.

The list was released on Wednesday.

Dangote’s estimated $10.3 billion net worth is nearly $2 billion less than a year ago.

Another Nigerian, Folorunsho Alakija was one of the billionaires, who suffered a drop in their net worth between last year and this year, as she held No 19 on the 20-man list.

The rating magazine report that, Alakija’s net worth dropped due to a decline in the value of one of Nigeria’s most productive oil fields.

However, Mike Adenuga, the owner of Globacom, emerged Africa’s second richest man. He is worth an estimated $9.2 billion.

Others are Nigeria’s cement mogul Abdulsamad Rabiu, who runs and owns the BUA Group, standing at number 16 on the list for the first time since 2015.

See top 20:

1 Aliko Dangote $10.3b cement, sugar, flour

2 Mike Adenuga$9.2b telecom,

oil

3 Nicky Oppenheimer $7.3b diamonds

4 Nassef Sawiris $6.3b construction, chemicals

5 Johann Rupert $5.3b luxury goods

6 Issad Rebrab $3.7b food

7 Naguib Sawiris $2.9b 64 telecom

8 Koos Bekker $2.3b media, investments

8 Isabel dos Santos $2.3b investments

8 Mohamed Mansour $2.3b diversified

8 Strive Masiyiwa $2.3b telecom

8 Patrice Motsepe $2.3 mining

13 Aziz Akhannouch $2.1b petroleum, diversified

14Mohammed Dewji $1.9b diversified

15 Othman Benjelloun $1.7b banking, insurance

16 Abdulsamad Rabiu $1.6b cement, sugar

17 Yasseen Mansour $1.5b diversified

18 Youssef Mansour $1.2b diversified

19Folorunsho Alakija$1.1 B68oil#19Michiel Le Roux