Nigeria’s billionaire businessman and President/CEO of Dangote Group, Aliko Dangote, has retained his place as Africa’s richest man, topping Forbes Africa’s Billionaires list for 2020 for the ninth time in a row.
The list according to Forbes captures only eight countries who have billionaires; Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two.
Coming top of the list with a net worth of $10.1 billion, 62-year-old Dangote, an industrialist with investments in cement, oil and gas, flour and sugar surpassed Egyptian billionaire, Nassef Sawiris whose net worth stands at $8 billion.
He also has stakes in cement giant, Lafarge Holcim and Adidas, where he sits on the supervisory board.
Meanwhile, Nigeria’s second richest man, Mike Adenuga maintained the number three spot with a net worth of $7.7 billion.
Adenuga built his fortune in banking, oil production and telecom with the mobile phone network, Globacom – Nigeria’s third-largest operator.
Also tied at number three spot with Adenuga is South Africa’s Nicky Oppenheimer and his family with a net worth of $7.7 billion.
Oppenheimer, heir to his family’s fortune occupies a controlling spot in the world’s diamond trade and owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.
