The list of Africa Billionaires 2012 has been release by Forbes linking the president/CEO of Dangote Group,Alhaji Aliko Dangote the richest person in Africa with a worth of $12.1 billion, up by $2 billion from last year’s list.
Mike Adenuga of Globacom, and Abdulsamad Rabiu of BUA Group, both Nigerians, made it to the list as the 5th and 6th richest persons in Africa respectively.
Forbes captured seven different countries in Africa with 18 billionaires on the list, South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two.
Altogether they are worth $73.8 billion, slightly more than the $73.4 billion aggregates worth of the 20 billionaires on last year’s list of Africa’s richest people.
Aliko Dangote of Nigeria has now occupied this position as the continent’s richest person for tenth year in a row after adding up $2bn thanks to 30 per cent rise in the share price of Dangote Cement.
Abdulsamad Rabiu BUA Cement PLC, which listed on the Nigeria Stock Exchange in January 2020, have doubled in value in the past year. That pushed Rabiu’s fortune up by an extraordinary 77%,” to $5.5 billion.
Forbes said that the fortune of Folorunsho Alakija of Nigeria billionaira woman, who owns an oil exploration company, dropped below $1 billion due to lower oil prices. And Isabel dos Santos, who since 2013 has been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal.
Nassef Sawiris of Egypt, whose largest asset is a nearly 6% stake in sportswear maker Adidas.
Nicky Oppenheimer of South Africa, who inherited a stake in diamond firm DeBeers and ran the company until 2012, when he sold his family’s 40% stake in DeBeers to mining giant AngloAmerican for $5.1 billion, is at number three.
See the full list below: