Friday, November 22, 2024

Dangote still richest man in Africa

Must read

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...
Isaac Kaledzihttps://en.wikipedia.org/wiki/Isaac_Kaledzi
Isaac Kaledzi is an experienced and award winning journalist from Ghana. He has worked for several media brands both in Ghana and on the International scene. Isaac Kaledzi is currently serving as an African Correspondent for DW.

Although, Africa’s richest man, Nigerian Aliko Dangote  dropped to 105th on the 2017 Forbe’s real-time billionaires’ ranking, he maintains the lead in Africa, as the richest man.

Dangote, who was ranked 51st in 2016 with a net worth of $15.4 billion, currently has a net worth of $12.2 billion, africannews.com reports.

The businessman was ranked 37th richest man in the world in 2014 with a net worth of $25 billion.

The decline is attributed to the devaluation of Naira, the Nigerian currency.

There are 21 African billionaires living in Africa worth a combined $70 billion.

The next African on the  is South African diamond magnate Nicky Oppenheimer who ranks 199th with $7 billion, followed by another South African, luxury goods tycoon Johann Rupert who ranks 237th with $6.1 billion.

Nigerian telecom tycoon Mike Adenuga ranked 250th with a net worth of $5.8 billion, followed by Egypt’s richest billionaire Nassef Sawiris ranked 269th and worth $5.6 billion.

Retail magnate South African Christoffel Wiese ranked 269th with a worth of $5.6 billion.

South Africa retains its dominance on the Africa list and is tied with Egypt for the largest number of individual billionaires.

Only two female billionaires in Africa made it on the list including daughter of Angola’s president Isabel dos Santos – who is Africa’s richest woman – and Nigeria’s Folorunsho Alakija, vice chair of Nigerian oil exploration company, Famfa Oil.

Tanzanian Mohammed Dewji is Africa’s youngest billionaire at age 41. He is CEO of conglomerate METL, which his father founded in the 1970s.

Onsi Sawiris of Egypt is the continent’s oldest billionaire at age 86 and the father of two other African billionaires — Nassef and Naguib Sawiris.

Thirteen out of Africa’s 21 billionaires have self-made fortunes, while the other eight inherited their fortunes.

They hail from 7 countries: South Africa, Egypt, Nigeria, Morocco, Algeria, Angola, and Tanzania.

 

 

NAN

- Advertisement -

More articles

- Advertisement -

Latest article

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...