Dangote, Adenuga top Forbes’ Africa billionaires list

The President of the Dangote Group, Aliko Dangote, and the Chairman of Globacom, Dr Mike Adenuga, top Forbes’ Africa Billionaires List released on Wednesday.

However, Dangote saw his wealth drop by $2bn from $12.2bn in January 2018 to $10bn in 2019.

But Dangote retained his position as Africa’s richest man for the eighth consecutive time.

Adenuga, with interests in oil exploration and real estate, moved up to be Africa’s second richest man.

The American magazine said Adenuga’s net worth dramatically increased from $5.3bn to $9.2bn because he provided more detailed information about his assets.

In a per country ranking, Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two. Forbes found one billionaire each from Algeria, Angola, Tanzania and Zimbabwe.

– Punch