Alhaji Aliko Dangote of Nigeria has retained his title as Africa’s richest man for the seventh straight year based on a recent publication by Forbes magazine.
According to Forbes, Dangote remains at the top of the list with total assets worth $12.2billion. This is over $100 million increase in his wealth compared to 2017. The increase is inched on the rise of his companies' share price on the Nigerian Stock Exchange (NSE).
In 2018, there are 23 billionaires in Africa as against 21 from 2017. Within the year, Africa has produced new billionaires - Micheil Le Roux, Strive Masiyiwa and Desmond Sacco.
A South African, Nicky Oppenheimer is the second richest man in Africa with a net worth of $7.7 billion. Oppenheimer's wealth appreciated by $700 million when compared with 2017.
There are only two women on the list – Isabel Dos Santos of Angola and Folorunsho Alakija of Nigeria.
Others on the list are Johann Rupert, Nassef Sawiris, Mike Adenuga, Issad Rebrab, Naguib Sawiris, Koos Bekker, Mohammed Mansour, Patrice Motsepe, Aziz Akhannouch, Yasseen Mansour, Othman Benjelloun, Mohammed Dewji, Youssef Mansour, Stephen Saad, Onsi Sawiris and Christoffel Wiese.
These 23 African billionaires are from 8 countries and most of them are South Africans. The list has 8 from South Africa, 6 from Egypt, 3 from Nigeria, 2 from Morocco and one member each from Algeria, Angola, Tanzania and Zimbabwe.
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