Two powerful business moguls from Nigerian have made it in Forbes 2020 list of top three richest men in Africa.
Aliko Dangote and Mike Adenuga
Other African moguls also appeared in the complete list released by forbes.
Dangote is the President/CEO of Dangote Group, while Adenuga is the owner of Globacom.
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.
Maintaining the number one spot with a net worth of $10.1 billion, 62-year-old Dangote, an industrialist with investments in cement, oil and gas, flour and sugar surpassed Egyptian billionaire, Nassef Sawiris whose net worth stands at $8 billion.
Mr Sawiris’ most valuable assets are in Orascom Construction Industries (OCI) one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa.
He also has stakes in cement giant, Lafarge Holcim and Adidas, where he sits on the supervisory board.
Meanwhile, Nigeria’s second richest man, Mike Adenuga maintained the number three spot with a net worth of $7.7 billion.
Adenuga built his fortune in banking, oil production and telecom with the mobile phone network, Globacom – Nigeria’s third-largest operator.
Also tied at number three spot with Adenuga is South Africa’s Nicky Oppenheimer and his family with a net worth of $7.7 billion.
Oppenheimer, heir to his family’s fortune occupies a controlling spot in the world’s diamond trade and owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.
At number five spot on Forbes list is chairman of Swiss luxury goods firm Compagnie Financiere Richemont, Johann Rupert.
Mr Rupert, another South African billionaire has a net worth of $6.5 billion.
The company is best known for its brands, Cartier and Montblanc.
See the full list of Africa’s billionaires below:
- Aliko Dangote $10.1 billion
- Nassef Sawiris $8 billion
- Mike Adenuga $7.7 billion
- (3) 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