President/CEO of Dangote Group, Aliko Dangote has remain on top in the latest rankings of Forbes Africa’s Billionaires list for 2020 for the ninth time in a row.
According to Forbes, 62-year-old Dangote’s net worth of $10.1 billion, with investments in cement, oil and gas, flour and sugar surpassed Egyptian billionaire, Nassef Sawiris whose net worth stands at $8 billion.
Mr Sawiris’ most valuable assets are in Orascom Construction Industries (OCI) one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa. 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.
The list 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.
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Aliko Dangote $10.1 billion
Nassef Sawiris $8 billion
Mike Adenuga $7.7 billion
(3) Nicky Oppenheimer $7.7 billion
Johann Rupert $6.5 billion
Issad Rebrab $4.4 billion
Mohamed Mansour $3.3 billion
Abdulsamad Rabiu $3.1 billion
Naguib Sawiris $3 billion
Patrice Motsepe $2.6 billion
Koos Bekker – $2.5 billion
Yasseen Mansour – $2.3 billion
Isabel dos Santos – $2.2 billion
Youssef Mansour – $1.9 billion
Aziz Akhannouch – $1.7 billion
Mohammed Dewji – $1.6 billion
Othman Benjelloun – $1.4 billion
Michiel Le Roux – $1.3 billion
Strive Masiyiwa – $1.1 billion
Folorunsho Alakija – $1 billion