Dangote richest in Africa for 7th year – Forbes

For the 7th year running, President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has been adjudged as the richest man in the continent of Africa with a net worth that Forbes pegged at $12.2 billion. That was an increase of $100 million from a year ago.

Bill Gates maintained his position as the richest man in the world with a net worth of $86 billion, while Warren Buffet and Jeff Bezos were second and third consecutively with a net worth of $75.6 billion and $72.8 billion.

Forbes further stated that “Dangote is looking beyond cement – his most valuable asset – and has been investing in a fertilizer production company and a large oil refinery. Dangote Fertilizer is expected to start operations in the second quarter this year.”