Aliko Dangote Is AFRICA’S RICHEST MAN Nine Times in a Row – Forbes Magazine

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From the latest ranking of Forbes Magazine, Aliko Dangote is still going strong in the business world, Forbes Magazine has just released the latest list of African Billionaires for the first quarter of 2020. According to this latest Forbes’ Africa Billionaire List, the founder and Chief Executive Officer of Dangote Group, Aliko Dangote, is still Africa’s richest man.


By Forbes’s latest ranking, Aliko Dangote presently has a net worth of $10.1 billion, beating Nassef Sawiris’ $8 billion net worth that earned the Egyptian billionaire the second place on the list.

Recall that Aliko Dangote’s Dangote Group is a household name in Nigeria and neighboring countries, his Dangote Group has Cement production plants in Nigeria, he is also the major importer and producer of flour and sugar in Nigeria, and his refinery is reportedly nearing completion. Aliko Dangote is reportedly the highest individual employer of labour in the whole of Africa, Dangote made his fortune from running the Dangote Group following international standards.

Also in the list is another of Nigeria’s, the Forbes list placed Mike Adenuga in the third position with a net worth of $7.7 billion, Adenuga shared the third spot with South Africa’s Nicky Oppenheimer.

Mike Adenuga, who made his fortune from banking, oil production, and telecom, is Nigeria’s second richest man, second to Aliko Dangote, Mike Adenuga’s Globacom is the third operator with the widest coverage in Nigeria.

Nigeria’s amazon and richest woman, also made the Forbes list of richest people in Africa, Folorunsho Alakija who has always held her own in a male-dominated business arena, was recorded as having a net worth of $1 billion, thus earning her the twentieth position on the list.

Bravo to the Iron Lady from us at, we do sincerely wish her rise on the list and more grease to her business elbow

Here is the full list:

Aliko Dangote $10.1 billion
Nassef Sawiris $8 billion
Mike Adenuga $7.7 billion
Nicky Oppenheimer $7.7 billion
Johann Rupert $6.5 billion
Issad Rebrab $4.4 billion
Mohamed Mansour $3.3 billion
Abdulsamad Rabiu $3.1 billion
Naguib Sawiris $3 billion
Patrice Motsepe $2.6 billion
Koos Bekker–$2.5 billion
Yasseen Mansour–$2.3 billion
Isabel dos Santos – $2.2 billion
Youssef Mansour – $1.9 billion
Aziz Akhannouch – $1.7 billion
Mohammed Dewji – $1.6 billion
Othman Benjelloun – $1.4 billion
Michiel Le Roux – $1.3 billion
Strive Masiyiwa – $1.1 billion
Folorunsho Alakija – $1 billion

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