Aliko Dangote Retains Ranking as Africa’s Richest Man

Nigerian industrialist and entrepreneurial giant, Mr. Aliko Dangote, has for the tenth time retained his position as the richest man in Africa with a net worth of $12.1 billion, according to the 2021 edition of the Forbes’ Top 10 Africa’s Billionaires List.

Dangote’s current net worth is higher than his 2020 $10.1 billion net worth by $2 billion margin.

Two other Nigerian business moguls– Chief Mike Adenuga, the founder of Globacom and Mr. Abdul Samad Rabiu, the Chairman of BUA Group picked the fifth and sixth position on the list, with $6.3 billion and $5.5 billion net worths, respectively.

Dangote, whose business interest spans cement and a chain of edible products incuding flower, sugar et cetera in manufacturing has with the addition of refining petroleum, surpassed by $3.6 billion in net worth, the second-placed Sawiris on the list.

Also, the analysis showed that Dangote’s net worth is higher than that of Adenuga and Rabiu by $5.8 billion and $6.6 billion respectively.

The Egyptian investor, Nassef Sawiris, ranked second with a net worth of $8.5 billion, while two South African business moguls, Nicky Oppenheimer and Johann Rupert, emerged third and fourth respectively on the list with $8 billion and $7.2 billion net worth.

Algerian billionaire businessman and Chief Executive Officer of the Cevital Industrial Group, Issad Rebrab, is the seventh on the list with a net worth of $3.2 billion, while another Egyptian, Naguib Sawiris, brother of Nassef Sawirie who is Chairman and Chief Executive Officer of Orascom Telecom Media and Technology Holding was ranked eighth with a net worth of $3.2 billion.

Two other South Africans, Patrice Motsepe of African Rainbow Minerals and the Chairman of Media Group Naspers, Koos Bekker, emerged ninth and tenth with $3 billion and $2.8 billion respectively to complete the list.

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