Dangote and Adenuga are the richest Africans according to Forbes

Aliko Dangote

Africa’s Richest – Aliko Dangote

Nigeria’s Aliko Dangote is still Africa’s richest man and the richest black billionaire anywhere on the planet according data from the Forbes. He’s worth $14.4Billion. Dangote is closely followed by Mike Adenuga, another Nigerian with vast business empire spanning Telecoms, Oil & Gas and Banking.

There are 24 African billionaires this year, down from 28 last year.

Dangote, who came in at the 51st position of the 2016 ranking by Forbes Magazine, is also richer than the combination of all other Nigerians who made the list.

Dangote is Africa’s richest man for the 8th year. He is the founder and chairman of Dangote Cement, the continent’s largest cement producer. Dangote Cement now owns plants in Cameroon, Ethiopia, Zambia and Tanzania and produces more than 30 million metric tons annually. His conglomerate, the Dangote Group, also has business interests in sugar, flour and salt production.

Mike Adenuga

Africa’s 2nd Richest – Mike Adenuga

At $14.4 billion, the 58-year-old is richer than Chelsea’s Roman Abramovich ($7.6 billion), Oprah Winfrey ($6.2 billion) and US Republican presidential candidate Donald Trump $4.5 billion.

The other Nigerians who made the list are Mike Adenuga ($10 billion), Femi Otedola ($1.8 billion), Folorunsho Alakija ($1.6 billion) and Abdulsamad Rabiu ($1.1 billion), who came in at 103, 1,011, 1,121 and 1,577 respectively.

Mike Adenuga is also the biggest gainer among the African billionaires. The Nigerian businessman is now worth $10 billion, up from $4 billion a year ago. The significant jump in Adenuga’s fortune is attributable to new information on the value of his telecom, oil and real estate holdings. It is believed that the data is even yet to fully capture Mike Adenuga’s true worth.


Credits: Forbes/The Cable

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