Aliko Dangote Becomes Africa’s Richest Man For The 11th Time According To Forbes (See Full List)

Aliko Dangote Becomes Africa’s Richest Man For The 11th Time According To Forbes (See Full List).

Famous Nigerian businessman, Aliko Dangote has retained his rank as the richest man in Africa according to the 2022 edition of the Forbes’ Top 10 Africa’s Billionaires List.

Aliko Dangote who has been Africa’s richest person for 11 years in a row, has an estimated net worth of $13. 9 billion, up from $12. 1 billion in 2021. Forbes said this is a result of a 30 percent increase in the stock price of Dangote Cement, his most valuable asset. The Forbes report also revealed that Africa’s billionaires were richer than they had been in years, despite the global pandemic.

As a group, the continent’s 18 billionaires were worth an estimated $84. 9 billion, a 15 percent increase from twelve months ago and the most since 2014, when a larger number of billionaires (28) were worth a combined $96. 5 billion. On average, the continent’s billionaires were worth $4. 7 billion now, worth $3. 4 billion in 2014 with soaring stock prices from Nigeria to Zimbabwe lifted the fortunes of these tycoons, as demand for products from cement to luxury goods ticked up.

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Jumping to the number two spot from the list, spot– up from number four last year– was luxury goods magnate, Johann Rupert of South Africa. The 18 billionaires from Africa, who was not new to the ranks, also hailed from seven different countries, South Africa and Egypt each had five billionaires, followed by Nigeria with three and Morocco with two.

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All of the continent’s billionaires were men; the last woman to appear in the ranks, Isabel dos Santos of Angola, fell off the Forbes list in January 2021.

See the comprehensive list here:

RANK. NAME. NET WORTH($, M)

1. Aliko Dangote. 13900
2. Johann Rupert. 11000
3. Nicky Oppenheimer. 8700
4. Nassef Sawiris. 8600
5. Abdulsamad Rabiu. 7000
6. Mike Adenuga. 6700
7. Issad Rebrab. 5100
8. Naguib Sawiris. 3400

9. Patrice Motsepe. 3100

10. Koos Bekker. 2700
11. Strive Masiyiwa. 2700
12. Mohamed Mansour 2500
13. Aziz Akhannouch. 2200
14. Michel Le Roux. 1700
15. Othman Benjellou 1500
16. Mohammed Dewji. 1500
17. Youssef Mansour. 1500
18. Yasseen Mansour. 1100

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