Email: lakeregionbulletin@gmail.com
Phone: + 254 787 043 173
Tel: + 254 757 265 656

For the eleventh time, Nigerian Aliko Dangote emerges richest man in Africa

Date:

Share post:

Despite the global pandemic, African continent made an increase of its global fortune as the 18 billionaires in Africa multiplied their net worth.

As reported by Forbes Magazine, Africa’s billionaires are richer than they ever been in years.

Forbes has reported that on average, the continent’s 18 billionaires are worth an average of 4.7 billion dollars each, up from 3.4 billion dollars last year. 

Nigerian business mogul Aliko Dangote was yet again crowned the richest African with an estimated net worth of 13.9 billion dollars.

This is the eleventh time he takes the top position among the richest Africans.

Dangote started his business empire by selling commodities such as salt, flour and sugar, his desire for business at a young age made him business oriented which acted as a catalyst for his growth giving rise for his business empire Dangote Cement.

Dangote Cement produces at least 45.6 million metric tons of cement every year and operates in 10 African countries. 

Johann Rupert, a south African entrepreneur comes second among the richest Africans, with a net worth of 11 billion dollars.

He is the chairman of the Swiss- based luxury goods company Richemont and the South Africa –based company Remgro. 

Nicky Oppenheimer, also a South African, and chairman of De Beers diamond mining company comes in third in the list with an estimated net worth of 8.7 billion dollars.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Indigenous seeds may hold the key to climate resilience; these communities are fighting for their return

"I give you every seed-bearing plant on the face of the whole earth and every tree that has...

Kenya’s cultural stone stops crying; restoring its tears may solve more than just Kakamega’s thirst

As the Monday morning sun slowly climbed above the horizon, radiating Ilesi village, some 20 women were converging...

Huawei skills Bomachoge youths in digital empowerment program

At least 150 youths from Bomachoge in Kisii County have benefited from digital skilling programme aimed at preparing...

Exploitative domestic work biggest threat to ending child labour in Kenya

Children right advocates now want more efforts put towards fighting exploitative child domestic work. This follows reports of increased...