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Forbes 2018: Aliko Dangote Remains Africa’s Richest With $12.2b Net Worth

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Aliko Dangote richest man in Africa 2018

Nigerian industrialist, has remained the number one richest man in Africa with a net worth of $12.2 billion in the latest ranking by the prestigious Magazine.

This is an increase of $100 million from his worth when the assessment was done by the influential magazine last year.

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Dangote is the continental richest for the seventh year in a row.

Bill Gates is the richest in the world with a net worth of $86 billion followed by Warren Buffet ($75.6b) and Jeff Bezos ($72.8 billion).

Other Nigerians on the African list are Globacom Chairman ($5.3 billion) adjudged the fifth richest in Africa and Mrs ($1.6 billion) rated the 15th richest in Africa.

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Following after Dangote in the African rich list is diamond mining heir 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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Forbes said: “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.”

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Dangote is also the only African selected among Bloomberg’s world 50 best persons in 2017.

Olumide Anifowose

Olumide Anifowose

A graduate of Anthropology, University of Cape Coast.

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Olumide Anifowose

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