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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.

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)

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.”

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

Olumide Anifowose

A graduate of Anthropology, University of Cape Coast.

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