Forbes 2018 African Billionaire List,Dangote TOP with $12.2bn Increased by $100m

The Cement and commodities tycoon Aliko Dangote has his net worth penned at $12.2billion with a staggering $100 million upgrade from last year’s net worth.

The 2018 Forbes annual list of the richest persons in Africa, The president and Chief Executive of Dangote Group,has occupied for the seventh time in a row.

“Dangote is looking beyond cement – his most valuable asset – and has been investing in a fertiliser production company and a large oil refinery. Dangote Fertiliser is expected to start operations in the second quarter of this year,” Forbes stated.

notable Nigerians names 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.

In 2016, South Africa and Egypt tied with six billionaires each. Boosting the South African ranks in the latest ranking is a newcomer, Michiel Le Roux, the founder and former chairman of Johannesburg-listed Capitec Bank Holdings, whose stock has climbed more than 50 per cent in the past year, making him worth $1.2bn.

South African mining tycoon, Desmond Sacco, chairman of the Assore Group, returns to the list following a stock price surge of some 60 per cent in the past 12 months. Sacco last appeared as a billionaire on the Africa’s richest list in 2012 with a $1.4bn fortune.

Bill Gates maintained his position as the richest in the world with a net worth of $86bn, while Warren Buffet and Jeff Bezos were second and third, respectively with net worth of $75.6bn and $72.8bn.

list of African billionaires

#1 Aliko Dangote $12.2 B 60 cement, sugar, flour

#2 Nicky Oppenheimer $7.7 B 72 diamonds

#3 Johann Rupert $7.2 B 67 luxury goods

#4 Nassef Sawiris $6.8 B 56 construction, chemicals

#5 Mike Adenuga $5.3 B 64 telecom, oil

#6 Issad Rebrab $4 B 74 food

#6 Naguib Sawiris $4 B 63 telecom’

#8 Koos Bekker $2.8 B 65 media, investments

#9 Isabel dos Santos $2.7 B 44 investments

#9 Mohamed Mansour $2.7 B 69 diversified
#11 Patrice Motsepe $2.4 B 55 mining

#12 Aziz Akhannouch $2.2 B 57 petroleum, diversified

#13 Yasseen Mansour $1.9 B 56 diversified

#14 Strive Masiyiwa $1.7 B 56 telecom

#15 Folorunsho Alakija $1.6 B 67 oil

#15 Othman Benjelloun $1.6 B 85 banking, insurance #17 Mohammed Dewji $1.5 B 42 diversified

#18 Youssef Mansour $1.4 B 72 diversified

#19 Michiel Le Roux $1.2 B 68 banking

#19 Stephen Saad $1.2 B 53 pharmaceuticals
#21 Desmond Sacco $1.1 B 75 mining

#21 Onsi Sawiris $1.1 B 88 construction, telecom

#21 Christoffel Wiese $1.1 B 76 retail

SOURCE:Forbes

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