Nigeria’s Aliko Dangote, the President and CEO of Dangote Group, again topped the Forbes list of 2020 Africa’s Billionaires for the ninth time in a row.
The new list released by Forbes Magazine, shows that only eight countries in Africa contributed to the list of Africa’s billionaires with Egypt and South Africa topping the numbers with five billionaires each, followed by Nigeria with four and Morocco with two. Algeria and others with one each
Channels reports that: Maintaining the number one spot with a net worth of $10.1 billion, 62-year-old Dangote, an industrialist with investments in cement, oil and gas, flour and sugar surpassed Egyptian billionaire, Nassef Sawiris whose net worth stands at $8 billion.
Mr Sawiris’ most valuable assets are in Orascom Construction Industries (OCI) one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa.
He also has stakes in cement giant, Lafarge Holcim and Adidas, where he sits on the supervisory board.
Meanwhile, Nigeria’s second richest man, Mike Adenuga maintained the number three spot with a net worth of $7.7 billion.
Adenuga built his fortune in banking, oil production and telecom with the mobile phone network, Globacom – Nigeria’s third-largest operator.
Also tied at number three spot with Adenuga is South Africa’s Nicky Oppenheimer and his family with a net worth of $7.7 billion.
Oppenheimer, heir to his family’s fortune occupies a controlling spot in the world’s diamond trade and owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.
At number five spot on Forbes list is chairman of Swiss luxury goods firm Compagnie Financiere Richemont, Johann Rupert.
Mr Rupert, another South African billionaire has a net worth of $6.5 billion.
Other Africa billionaires include:
Issad Rebrab and family with a net worth of $4.4 billion – Algeria
Mohamed Mansour with a net worth of $3.3 billion – Egypt
Abdulsamad Rabiu, a Nigerian with a net worth of $3.1 billion
Naguib Sawiris joins his brother, Nassef, in the top 10 wealthiest Africans with a net worth of $3 billion.
On number 10 spot is Patrice Motsepe from South Africa, with a net worth of $2.6 billion.
Capping the list at number 20 spot is Nigeria’s richest woman, Folorunsho Alakija who has a net worth o $1 billion.
See the full list of Africa’s billionaires below:
- Aliko Dangote $10.1 billion
- Nassef Sawiris $8 billion
- Mike Adenuga $7.7 billion
- (3) Nicky Oppenheimer $7.7 billion
- Johann Rupert $6.5 billion
- Issad Rebrab $4.4 billion
- Mohamed Mansour $3.3 billion
- Abdulsamad Rabiu $3.1 billion
- Naguib Sawiris $3 billion
- Patrice Motsepe $2.6 billion
- Koos Bekker – $2.5 billion
- Yasseen Mansour – $2.3 billion
- Isabel dos Santos – $2.2 billion
- Youssef Mansour – $1.9 billion
- Aziz Akhannouch – $1.7 billion
- Mohammed Dewji – $1.6 billion
- Othman Benjelloun – $1.4 billion
- Michiel Le Roux – $1.3 billion
- Strive Masiyiwa – $1.1 billion
- Folorunsho Alakija – $1 billion