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Dangote Remains Africa’s Richest Man 7 Years In A Row

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The President and Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, still maintains his position as Africa’s richest man for the 7th year in a row.

According to Forbes, he remained Africa’s richest with a net worth of $12.2bn for 2017. That was an increase of $100m from a year earlier.

Forbes stated;

“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 of this year,”

Dangote was recently the only African selected among Bloomberg’s world 50 best persons in the year 2017.

While the names of notable Nigerians were dropped from the billionaires’ list, Globacom Chairman, Mike Adenuga, with a net worth of $5.8bn, was adjudged the fifth richest man in Africa and Folorunsho Alakija, also a Nigerian, whose estimated $1.6bn fortune is in oil exploration, was adjudged as the 15th richest person on the continent.

Following after Dangote in the African rich list is diamond mining heir Nicky Oppenheimer of South Africa ($7.7 billion) up $700 million last year.

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

Read Also: U.N. Cautions DR Congo Gov’t On Elections, Political Tensions

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