Nigeria’s billionaire and President/CEO of Dangote Group, Aliko Dangote, has lead others to appear on topped Forbes Africa’s Billionaires list for 2020 for the 9th time in a row.
The 2020 list Forbes says captures only 8 countries that have billionaires; Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two.
Maintaining the number one spot 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.
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.
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.
Other Africa billionaires include:
Issad Rebrab and family with a net worth of $4.4 billion – Algeria
Mohamed Mansour with a net worth of $3.3 billion – Egypt
Abdulsamad Rabiu, a Nigerian with a net worth of $3.1 billion
Naguib Sawiris joins his brother, Nassef, in the top 10 wealthiest Africans with a net worth of $3 billion.
On number 10 spot is Patrice Motsepe from South Africa, with a net worth of $2.6 billion.
Capping the list at number 20 spot is Nigeria’s richest woman, Folorunsho Alakija who has a net worth o $1 billion.
See below the full list of Africa’s billionaires:
1. Aliko Dangote $10.1 billion
2. Nassef Sawiris $8 billion
3. Mike Adenuga $7.7 billion
4. Nicky Oppenheimer $7.7 billion
5. Johann Rupert $6.5 billion
6. Issad Rebrab $4.4 billion
7. Mohamed Mansour $3.3 billion
8. Abdulsamad Rabiu $3.1 billion
9. Naguib Sawiris $3 billion
10.Patrice Motsepe $2.6 billion
11. Koos Bekker – $2.5 billion
12. Yasseen Mansour – $2.3 billion
13. Isabel dos Santos – $2.2 billion
14. Youssef Mansour – $1.9 billion
15. Aziz Akhannouch – $1.7 billion
16. Mohammed Dewji – $1.6 billion
17. Othman Benjelloun – $1.4 billion
18. Michiel Le Roux – $1.3 billion
19. Strive Masiyiwa – $1.1 billion
20. Folorunsho Alakija – $1 billion