Dangote remains Africa’s wealthiest person for 9th consecutive year [see list] - SephoraNews- Nigeria Entertainment Blog SephoraNews- Nigeria Entertainment Blog: Dangote remains Africa’s wealthiest person for 9th consecutive year [see list]


Wednesday, 12 February 2020

Dangote remains Africa’s wealthiest person for 9th consecutive year [see list]

For the ninth consecutive Year, Aliko Dangote of Nigeria, with an estimated net value of $10.1 billion, was named the richest man in Africa.

2020: Dangote remains Africa’s wealthiest person for 9th consecutive year

Forbes, the American global media firm, concentrating on the industry, finance, tech, entrepreneurship and leadership, has recently ranked the world's billionaires and Dangote's present value drops from his $10,3 billion valuations of last year attributed to his flagship company Dangote Cement Plc, which may have slightly lower stock prices.

According to Forbes, Africa has 54 nations but only eight have billionaires; South Africa and Egypt not only hold the top ten wealthiest people in Africa but also in the five billionaires group. With four billionaires, Nigeria is second.

The new number two richest Nassef Sawiris from Egypt is 8 billion dollars, up from 6.3 billion last year. The most valuable asset of Sawiris is $4 billion worth stake in sportswear makers Adidas. After January 2019, the rise in Adidas ' share price alone has contributed almost $1.5 billion to his assets. He also has a major stake in OCI N.V. fertilizer.

Nigeria's Mike Adenuga, worth $7.7 billion, is number three on the list. He has a mobile network, GloMobile, and oil producers, Conoil and a large retail stock. Globacom, Nigeria's third most important mobile telephone network with 43 million subscribers, while Conoil is running six oil blocks in Niger Delta.

Rabiu Abdulsamad is eight of the top 20 African billionaires, he is from Nigeria. Rabiu is the founder of the BUA Group, a Nigerian conglomerate involved in cement, sugar and real estate.

Only two out of 20 billionaires are females: Jose Eduardo dos Santos, former President of Angola's eldest child, and Folorunsho Alakija from Nigeria. The income of Dos Santos decreased by $2.2 billion, about a year earlier this decreased to $100 million.


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