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Forbes Rate Dangote as Africa’s Richest with $12.2b Net Worth

Aliko Dangote


Forbes Rate Dangote as Africa’s Richest with $12.2b Net Worth

Forbes Rate Dangote as Africa’s Richest with $12.2b Net Worth

The Richest Africans is an annual ranking of the richest African people, compiled and published by the American business magazine Forbes. Forbes have rated the President of Dangote Industries Alhaji Aliko Dangote as Africa’s richest with a net worth of $12.2billion.
According to Forbes, this is an increase of $100 million from his worth when the assessment was done last year which makes the CEO the continental richest for the seventh year in a row.

“Dangote is looking beyond cement –his most valuable asset – and has been investing in a fertiliser production company and a large oil refinery. Dangote Fertiliser is expected to start operations in the second quarter this year,” Forbes said.
Dangote is also the only African selected among Bloomberg’s world 50 best persons in 2017.
Jeff Bezos is the richest in the world with a net worth of  $105 billion followed by Bill Gates ($92 billion) and Warren Buffet.
Other Nigerians on the African list are Globacom Chairman Mike Adenuga ($5.3 billion) adjudged the fifth richest in Africa and Mrs Folorunsho Alakija ($1.6 billion) rated the 15th richest in Africa.
Following after Dangote in the African rich list is diamond mining heir Nicky Oppenheimer of South Africa ($7.7 billion) up $700 million last year.
Boosting the South African ranks this year are newcomer Michiel Le Roux,($1.2 billion) South African mining tycoon Desmond Sacco, chairman of listed Assore Group (1.4 billion)

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