For the 7th year running, President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has been adjudged as the richest man in the continent of Africa with a net worth that Forbes pegged at $12.2 billion. That was an increase of $100 million from a year ago.
Bill Gates maintained his position as the richest man in the world with a net worth of $86 billion, while Warren Buffet and Jeff Bezos were second and third consecutively with a net worth of $75.6 billion and $72.8 billion.
Forbes further stated that “Dangote is looking beyond cement – his most valuable asset – and has been investing in a fertilizer production company and a large oil refinery. Dangote Fertilizer is expected to start operations in the second quarter this year.”
It would be recalled that Dangote was also recently the only African selected among Bloomberg’s world 50 best persons in the year 2017 while names of notable Nigerians were dropped from the billionaires lists, Globacom chairman, Mike Adenuga, with a net worth of $5.3 billion was adjudged the 5th richest man in Africa and Folorunsho Alakija, also a Nigerian, whose estimated $1.6 billion fortune lies in oil exploration firm was adjudged as the 15th richest person in Africa.
Number two on the list of African richest people is diamond mining heir Nicky Oppenheimer of South Africa, with a net worth of $7.7 billion, up $700 million from last year. Oppenheimer is one of eight South Africans on the list, making it the African country with the most billionaires. Nigeria has just three.
Last year, South Africa and Egypt tied with six billionaires each
You may be interested
#BbNaija Video: Tobi and Cee-C caught doing things under the duvet last nightNews Nigeriana - February 17, 2018
Tobi and Cee-c's relationship in the Big Brother Naija house seems to be getting more romantic by the day. Tobi…
‘I’m Ready To Go Any Length In Saying The Truth, Even If I’m To Commit Suicide’ – ObasanjoMT - February 17, 2018
Former President Olusegun Obasanjo has said that he wouldn’t mind to commit suicide if Nigeria loses hope even as he…
Real Madrid Eye Pogba With A World-Record $168 Million Bid This Summer – ReportMT - February 17, 2018
Real Madrid will make a £120m ($168 million) move for Paul Pogba this summer, according to The Sun UK. The report…