Dangote Named the Richest Man in Africa for 7 Years in a Row with $12.2 billion (See full list)

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For the seventh year in a row, president and chief executive of Dangote Industries Limited, Aliko Dangote was adjudged as the richest man in the continent of Africa with a net worth that Forbes pegged at $12.2 billion.

In a release sent to LEADERSHIP, Forbes said this was an increase of $100 million from a year ago. Bill Gates maintained his position as the richest in the world with a net worth of $86 billion, while Warren Buffet and Jeff Bezos were second and third consecutively with a net worth of $75.6 billion and $72.8 billion.

Forbes stated that “Dangote is looking beyond cement, his most valuable asset and has been investing in a fertilizer production company and a large oil refinery. Dangote Fertiliser is expected to start operations in the second quarter this year.”

It would be recalled that Dangote was also recently the only African selected among Bloomberg’s world 50 best persons in the year 2017

While names of notable Nigerians were dropped from the billionaires lists, Globacom Chairman, Mike Adenuga, with a net worth of $5.3 billion was adjudged the fifth richest man in Africa and Folorunsho Alakija, also a Nigerian, whose estimated $1.6 billion fortune lies in oil exploration firm was adjudged as the 15th richest person in Africa.

Number two on the list of African richest people is diamond mining heir Nicky Oppenheimer of South Africa, with a net worth of $7.7 billion, up $700 million from last year. Oppenheimer is one of eight South Africans on the list, making it the African country with the most billionaires.

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