For the 10th straight year, Forbes has named Aliko Dangote as the richest person in Africa with a net worth of $12.5b.
The list was published on Friday.
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.
Dangote, who is the founder and Chairman of Dangote Cement, the continent’s largest cement producer kept the position he has occupied for nine years now.
He owns 85% of publicly-traded Dangote Cement which produces 45.6 million metric tons annually and has operations in 10 countries across Africa.
The billionaire businessman also owns stakes in publicly-traded salt and sugar manufacturing companies.
According to Forbes, in Africa, as elsewhere in the world, the wealthiest came through the COVID-19 pandemic just fine.
It stated that the continent’s 18 billionaires were worth an average $4.1bn, 12 per cent more than a year ago, driven in part by Nigeria’s surging stock market.
Here’s top 10 richest persons in Africa according to Forbes 2021 ranking:
1. liko Dangote – Cement, sugar ($12.1bn)
2. Nassef Sawiris – Construction, investments ($8.5bn)
3. Nicky Oppenheimer – Diamonds ($8bn)
4. Johann Rupert – Luxury goods ($7.2bn)
5. Mike Adenuga – Telecom, oil ($6.3bn)
6. Abdulsamad Rabiu – Cement, sugar ($5.5bn)
7. Issad Rebrab – Food ($4.8bn)
8. Naguib Sawiris – Telecom ($3.2bn)
9. Patrice Motsepe – Mining ($3bn)
10. Koos Bekker – Media, investment ($2.8bn)