- Aliko Dangote has become the richest man in Africa for the ninth time with a valued wealth of $10.1 billion
- It should be noted, however, that it is a bit slope from his 2019 net worth of $10.3 billion, a dip that was caused by the fall of Dangote Cement's stock price
- Isabel dos Santos and Folorunsho Alakija are the only two women billionaires on the Top 20 ranking done by Forbes
Aliko Dangote has been declared Africa’s richest man with an estimated net worth of $10.1 billion. That will make the ninth time the Nigerian will be getting the position.
The ranking was made by Forbes, an American media organisation famous for global ranking. It should be noted that his worth was $10.3 billion in 2019.
The dip in his personal wealth was attributed to the fall in Dangote Cement’s stock price.
According to a Forbes report, out of the 54 nations in Africa, only eight countries can boast of having billionaires as South Africa, Egypt dominated the top 10 spots.
On the ranking, Nigeria comes second in Africa with four billionaires including the continent’s richest man, Briefly.co.za learnt.
On the list, Nassef Sawiris from Egypt is the number two richest in Africa with a personal wealth of $8 billion, an increase of his 2019’s $6.3 billion worth.
Nigeria’s Mike Adenuga is number three with a worth of $7.7 billion. The billionaire owns GloMobile and Conoil, and also has an interest in real estate. Sharing the same position is Nicky Oppenheimer.
Out of the 20 billionaires from Africa, only two are women, and they are; Isabel dos Santos and Folorunsho Alakija.
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