Dangote Retains Top Spot As Africa’s Richest Man

Nigeria’s billionaire businessman and President/CEO of Dangote Group, Aliko Dangote, has topped Forbes Africa’s Billionaires list for 2020 for the ninth time in a row.

The list according to Forbes captures only eight countries who have billionaires; Egypt and South Africa are tied with five billionaires each, followed by Nigeria with four and Morocco with two.

Naija News understands that four Nigerian billionaires were among the Forbes Africa’s Billionaires list for 2020.

Here is the details and net worth of the four Nigerian billionaires.

1. Aliko Dangote. Nigerian-born billionaire, Aliko Dangote has interests in commodities in Nigeria and other African countries.

Net worth: $10.1 billion
Age: 62

2. Mike Adenuga

Mike Adenuga, second richest man in Africa

Mike Adenuga, owner of Globalcom, Nigeria’s third-largest mobile phone network, and an oil exploration firm Conoil Producing firm.

Net worth: $7.7 billion
Age: 66

3. Abdulsamad Rabiu

Rabiu is Nigerian manufacturing mogul. He is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.

Net worth: $3.1 billion
Age: 59

4. Folorunsho Alakija

Alakija is one of the richest black women in the world and the owner of Famfa Oil Limited, a Nigerian oil exploration company.

Net worth: $1 billion
Age: 68.

The Richest Africans is an annual ranking of the richest African people, compiled and published by the American business magazine Forbes. It tracks the wealth of African billionaires who reside in Africa or have their primary businesses there.